The Federal Bureau of Investigation arrested Bernie Madoff on Dec. 11, 2008. His guilty plea and 150-year prison sentence were almost non-events, at least compared with the finger-pointing, lawsuits and trials that have ensued. They turned the Ponzi scheme into a gift that keeps on giving five years later.
So what does this mess still mean to financial advisers?
I put together a list of takeaways. Some of the observations are mine. The real eye-openers come from a quant and a private investigator.
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The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.