Madoff had help, according to the lawsuits.

Seed Newsvine


Reference : Forbes
http://blogs.forbes.com/halahtouryalai/2011/02/04/why-madoff-wasnt-caught/
Halah Touryalai
WORKING CAPITAL

Why Madoff Wasn’t Caught
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My comment

This is a good example of a system that runs on classism. If an employee would try to approach authorities, that employee would be digging his own career grave—the term is disgruntled employee. The guy complained to someone/the corporation who probably would loose plenty about the truth. He barked at the wrong tree.

He wrote about it. So what? Where were the government’s dogs hunting, definitely not where the catch was. Appears that if the regulatory commission was serious about trying to catch fraud, they would have something like a secret concern drop box, where people could drop hints.

Even though such drop boxes normally only have about five or so percent reality, it would be in the public’s interest for the government have a drop box or web site, to get some hints from those who know. After all, this country runs on money, and Ponzi Schemes pop up on a regular basis.