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Madoff’s deal of a lifetime

March 12th, 2009

Bernie Madoff has pleaded guilty today, and will be released from prison no sooner than his 220th birthday. What is he up to in his final deal?

My cynical self has the answer: fall guy. He is shielding his family and perhaps other employees from damage by taking all the blame. In his final deal of his life, he has done a masterful job of painting himself as the lone wolf. He kept all the attention on himself, and it look like any accomplices to his massive fraud will get away scot-free.

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