Many years ago, there was a guy in Hollywood selling Ponzi investments to movie stars. When it went bang, an incredible amount of money was unaccounted for. I heard nothing more about it, so I assume that he settled in return for not being prosecuted, and keeping enough of the loot to retire comfortably. So at least that guy had the end-game planned out.
I suspect Madoff's problem was that what he really wanted wasn't the money but the status. If you want the status of being a bigwig, there is no exit strategy.
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Date: 2011-06-07 05:55 pm (UTC)I suspect Madoff's problem was that what he really wanted wasn't the money but the status. If you want the status of being a bigwig, there is no exit strategy.