The point is, it's been six months since Madoff was first arrested, and the actual case against him has progressed very little from his own self-confession right at the start. Neither his wife nor his two sons have been deposed. Nor have these other characters who probabl[y] looted the funds.
The thing about a Ponzi scheme is others besides Ponzi can get rich. And there are names in circulation of people who may also have gotten rich. But where's the money? When will these people be brought in to testify under oath? The thousands of other smaller investors and charities who were totally ripped off by Madoff could recover a lot more if these big shots are finally hammered.
Madoff will die in jail. And he deserves it. But the justice system has much more work to do following today's sentencing.
Monday, June 29, 2009
Kudlow: Madoff Sentenced, but He Didn’t Sing
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