Doing Charles Ponzi proud

By and far, in today’s regulatory environment, it is virtually impossible to violate rules, and this is something that the public really doesn’t understand. If you read something in the newspaper and you see somebody violate a rule, you say, “well they are always doing this”, but it is impossible for a violation to go undetected, certainly not for a considerable period of time.

Bernie Madoff in October 2007

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s