Thursday, August 23, 2012

LEGAL SCHOLAR SEARCHES MINDS OF PONZI ARTISTS

NYT - Professor Tamar Frankel, on the faculty of Boston University Law School for 44 years, has written a book on ponzi schemers. A friend had urged her to write the book about "those mimics of trustworthiness: con artists". Among these artists were two I had not included in my book "The Greedsters" - the Caritas scandal in Roumania in the early '90s and a currency crime in San Diego in the mid-80s. She does include Madoff and his $64.8 Billion cheat. She has been asked what might be a final conclusion to her examinations. She states, "Victims failed to do their homework". I agree.

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