Friday, July 12, 2013
Bernard Madoff in court, goes to jail and court art of white collar defendants
Approximately 4 years ago Bernard Madoff was sentenced to 150 years in prison. At that time there
was a rash of Ponzi schemers and white collar criminals being indicted and tried by the US Attorney.
On Monday, Goldman Sachs trader Fabrice Tourre goes on trial for fraud in regard to a failure to disclose important parts of a CDO deal to a key Goldman client. That deal bet against the housing market and made John Paulson a billion dollars, while the US economy was on the verge of collapse.
On top of this SEC case, the United States Attorney is focused on insider trading.
Insider trading is now the focus of most white collar prosecutions,
but no one will forget the lives that these various Ponzi schemers destroyed.
Here is a selection of some of the worst white collar criminals in recent history.