Friday, March 13, 2009

Madoff Gets His!

Bernard Madoff was carted of to jail to serve a life sentence after milking investors out of $65 billion dollars yesterday, and avoided a trial by simply pleading guilty. The New York Post profiles some of the victims in Madoff's scam. Maureen Ebel lost her entire fortune of $7.3 million dollars because of Madoff, whom she trusted. If there's a moral to this story, I guess it is to always know where your money is going and never be too trusting of anything that sounds too good to be true as Madoff advertised above average returns on his investments.

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