Monday, January 12, 2009

Fleeing authorities

Bernie Madoff apparently had his imitators, except that Marcus Schrenker apparently decided to fake his death in a rigged plane crash and run for it rather than surrender to the authorities when his financial management business imploded. The fake of his death didn't work, so now he's just a plane (sic) fugitive.

You wonder just how many of these Ponzi schemes there were out there. Of course, the whole U.S. economy was pretty much a Ponzi scheme during the Bush administration, so (shrug)...

-- Badtux the Financial Penguin

1 comment:

  1. Yep they are all over the place...every time I see an ad for "Financial Planning" my skin starts to crawl...
    There was a guy just like that right here in my area... he is going to jail tho, not on the run...


Ground rules: Comments that consist solely of insults, fact-free talking points, are off-topic, or simply spam the same argument over and over will be deleted. The penguin is the only one allowed to be an ass here. All viewpoints, however, are welcomed, even if I disagree vehemently with you.

WARNING: You are entitled to create your own arguments, but you are NOT entitled to create your own facts. If you spew scientific denialism, or insist that the sky is purple, or otherwise insist that your made-up universe of pink unicorns and cotton candy trees is "real", well -- expect the banhammer.

Note: Only a member of this blog may post a comment.