Wednesday, March 18, 2009

An intriguing angle on Bernie Madoff's "Ponzi" scheme

This makes Madoff's case all the more intriguing, if right. The author makes the case that Madoff's fund wasn't a Ponzi scheme, but in fact a very complex, sophisticated money laundering operation.

The connection the author makes that grabs my attention is the one with the groups and individuals who own GM and Chrysler. Have to wonder what comes of this.