|
|
| Day Bernie Madoff Dropped His Trousers |
| By news.hereisthecity.com |
| Published: 04/27/2009 |
|
As 71-year-old fraudster Bernie Madoff spends his time reading in his prison cell, waiting for a US Federal judge to sentence him to incarceration for the rest of his days, Fortune magazine has run an interesting article about the man who is believed to have fleeced investors to the tune of $65bn. Very slowly, details are starting to emerge about the strange and crazy world of Madoff, and, here and there, are clues that, with hindsight, might have focused suspicion on the fraudster before he confessed to his crimes last December. Fortune reveals, for instance, that it took a special pass to gain access to Madoff's back office processing area, based in offices in mid-Manhattan. And the IBM server which supported his scam operation was almost 30 years old, and many things had to be manually inputted. Despite it's age, and the fact that it often went wrong, Madoff repeatedly refused to replace it. Bernie, in fact, appeared to have a phobia against technology (strange for a former Chairman of the NASDAQ, who claimed that he was involved in the design of its technology platform). According to the news magazine, Madoff didn't have a BlackBerry, didn't use e-mail, and had his computer set up so that he never had to turn it on (because he didn't know how to). And Madoff appears to have been petrified every time US regulators came knocking on the door (mostly on routine visits). He is said to have often returned to the office immediately he was alerted to their presence, even flying back early from holidays. Read more. If link has expired, check the website of the article's original news source. |
MARKETPLACE search vendors | advanced search
IN CASE YOU MISSED IT
|
Comments:
No comments have been posted for this article.
Login to let us know what you think