Madoff just couldn’t get enough! Wednesday, December 17, 2008
Posted by ei-forum in Rants.trackback
As this incredible story unravels, the details keep on getting more and more shocking…
Not only has Madoff ripped-off investors around the globe – including charities, college endowments, friends and family – amounting in losses of at least $50bn. But it now appears that he actually planned to hand out a $300m bonus to himself and some lucky few before turning himself over!
The main problem is that he was running out of time and that is why he tried to convince some senior employees of his firm that he needed to pay-out this bonus in December instead of February… luckily he got reported to the authorities and it didn’t go through…
Unfortunately, one can never underestimate how far some people are willing to go…
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