Author Forums: Peter Sander
In defense of Madoff
What Madoff was doing with his Ponzi scheme is being done by Blue Chip compnies in a more disguised manner. Madoff came out and accepted his fault. The Blue chip companies don't even know that they are doing the same thing:
1) When they offer dividends instead of repairing the Assets of the company, it is like saying, I have your Capital safe and look I am paying you the dividends. Madoff was doing the same thing except that his game became crystal clear due to its transparent nature! You and I are joining bigger criminals than Madoff by pointing our finger at him alone.
