Tuesday, January 6, 2009

Madoff: How to Get Away With It

U.S.Image via WikipediaAre you wondering how how Madoff's scheme got past the SEC?  Allan Sloan's of Fortune.com. says that regulators routinely miss gargantuan frauds because they're not looking for them.

"You're likely to get caught if you run a few inches outside the baseline, because regulators are set up to catch that," wrote Sloan. "But run so far that you're playing on a whole different ball field? You can get away with that if you're enough of a financiopath, and your luck holds."

Thanks to AmLaw Litigation Daily for pointing out the article.

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