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Butterfly

they should jail a few SEC inspectors too,

there was a recent article in the WSJ about how he almost got caught, and they still manage to let him go through

he actually declared he wished he was caught then, that is 8 years ago. Wouldn't have made much difference, he was already in the hole for several billions.

Why didn't he kill himself when he had a chance ?

Spitfire

No honour, proves he's a sleaze bag.

On the other hand, people were far too quick to give him all the money and forgot that there is always risk with any investment and 'putting all the eggs in one basket' is a schoolboy error. If it sounds too good to be true then it usually is, Madoff's returns just weren't possible over such long periods but no-one said anything for so long as their greed was being satiated, apart from that initially dismissed accountant/mathematician that eventually was the main 'whistle blower'. Perhaps people's greed and expectations should also be diagnosed as a result of this as this desire to self enrich prevailed over rationality in many. It is worth remembering that many institutions declined to invest with him as they could feel something was wrong, there are tricksters everywhere and of all levels.

A fool is easily separated from his/her money. What makes it worse or harder to swallow is if the person parted with their money through greed to get more back, harder to take for many.

Not defending him (Madoff), got what he deserved, but there is always more angles to these stories that can/should be contemplated.

Also agree about the SEC and it's inspectors, bunch of incompetent fools that should be reprimanded or face charges as well.