Did Madoff Start Earlier?
I saw a story recently that world-class swindler Bernie Madoff may have been stealing people’s money for a long, long time, longer than had been believed.
Now, I don’t think I’ve ever heard of a name more appropriate for a crook, seeing as how Bernie “Madoff” with people’s savings.
The story in the Associated Press says Madoff’s fraud may have begun in the early 1970s, not in early 1992 as has been believed all along.
This guy is really a cautionary tale, anyway.
People were recommending him to their friends, telling about how Bernie was getting such great returns on their investments, and here he was spending their hard-earned, or hard-inherited in some cases, cash on himself and his lavish lifestyle.
Madoff is serving a 150-year stretch in a prison in North Carolina, and the people who trusted him will get pennies on the dollar, if they’re lucky.