Swindles & Scams Mar 13 2009
A MADOFF RUSH TO JUDGMENT
Bernie Madoff is in jail but who has the missing money?

You know by now that yesterday in the U.S., crooked fund manager Bernie Madoff was handcuffed and led away to jail after pleading guilty to all counts against him. By declining to take the normal route of a plea deal with prosecutors, he sidestepped the requirement to divulge information about his accomplices and the disposition of the stolen money. Financial observers agree that Madoff could not have run his Ponzi scheme without help, and they certainly agree that the money didn’t just disappear.

The New York cover pictured here labels elderly Madoff a monster, as if he’s some atrocity never before seen by human eyes. While he may be the biggest swindler of all time, and he certainly isn't Kevin Bacon's favorite person, he’s not new. No, he’s just the latest in a long line of elegant grifters, though a particularly efficient one. What makes Madoff truly pulp is that he took the hit for his financial clan like a good mafia footsoldier, and though he’ll never get out of jail, neither will he—let’s face it—do time in Attica’s supermax wing with the child rapers and guys who ate their grandmothers’ kidneys. It’s easy to imagine Madoff is smiling inside just a little. Does that sound strange, and perhaps cynical? Yeah, it does until you think about it.

Consider for a moment how, in this post-millennial reality, we’ve become so jaded regarding the term “billions”. Not too many years ago you rarely heard that word uttered aloud by anyone other than an astronomer. So to put this Madoff thing in perspective, let’s just pretend the word doesn’t exist. Thus restrained, we now have to refer to him as a guy who stole—not one million, not fifty million—but 999 million dollars 60 times, and walked into jail without divulging where any of it went. Still think he isn’t smiling just a little? 

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History Rewind
The headlines that mattered yesteryear.
September 27
1964—Warren Commission Issues Report
The Warren Commission, which had been convened to examine the circumstances of John F. Kennedy's assassination, releases its final report, which concludes that Lee Harvey Oswald, acting alone, killed Kennedy. Today, up to 81% of Americans are troubled by the official account of the assassination.
September 26
1934—Queen Mary Launched
The RMS Queen Mary, three-and-a-half years in the making, launches from Clydebank, Scotland. The steamship enters passenger service in May 1936 and sails the North Atlantic Ocean until 1967. Today she is a museum and tourist attraction anchored in Long Beach, U.S.A.
1983—Nuclear Holocaust Averted
Soviet military officer Stanislav Petrov, whose job involves detection of enemy missiles, is warned by Soviet computers that the United States has launched a nuclear missile at Russia. Petrov deviates from procedure, and, instead of informing superiors, decides the detection is a glitch. When the computer warns of four more inbound missiles he decides, under much greater pressure this time, that the detections are also false. Soviet doctrine at the time dictates an immediate and full retaliatory strike, so Petrov's decision to leave his superiors out of the loop very possibly prevents humanity's obliteration. Petrov's actions remain a secret until 1988, but ultimately he is honored at the United Nations.
September 25
2002—Mystery Space Object Crashes in Russia
In an occurrence known as the Vitim Event, an object crashes to the Earth in Siberia and explodes with a force estimated at 4 to 5 kilotons by Russian scientists. An expedition to the site finds the landscape leveled and the soil contaminated by high levels of radioactivity. It is thought that the object was a comet nucleus with a diameter of 50 to 100 meters.
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