It has been several years since the Bernie Madoff story first broke,
gradually exposing more and more portions of a financial investing scam
perpetrated for years, a genuine Ponzi scheme, whereby investors were
bilked put of quite literally billions of dollars, which were then used
to maintain the appearance of high financial yields for investors
earlier in, higher up in the pyramid. It became a more and more
desperate juggling act, bound to bust eventually, but only after the
sheer number of accounts in the air became unmanageable.
Much has already been written about the elaborate structure, scope,
and details of the scam itself, and the lengthy lists of those
individuals and institutions which lost money -- often money they could
ill-afford -- has long been worked out. In fact, one might think there
is little left to say about the whole Madoff affair, if it were not for
the recent publication of truth and Consequences: Life Inside the
Madoff Family, penned by Laurie Sandel, who interviewed in depth the
surviving members of Bernie Madoff's family -- his son, Mark, killed
himself after the revelation of the scam, in which he appears to have
been unwittingly involved.
