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Madoff : the Story behind the Story

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Whenever I hear the media and the government denouncing loudly in unison, I look for the possibility that the target is a scapegoat, and that the scandal goes deeper, touches better-established personalities.

This article by Wayne Madsen (scroll down to see it) offers a plausible hypothesis why Madoff's conviction is the end of the line, and prosecutors aren't lookig for co-conspirators.  According to Madsen, Madoff's investors were not so dumb, and what Madoff was really collecting money for was a vast floating casino project in Manhattan, with new transit lines thrown in for extra $$$.  The "Cornerstone Project" was to have absorbed Madoff's cash and rewarded him richly, before last September's crash put the project in jeopardy.

I won't try to summarize the intrigue that Madsen describes, aside from revealing the "cornerstone" of his charge: Judge Denny Chin, who has accepted Madoff's guilty plea and will be in charge of sentencing him, is a major investor in the Cornerstone project.

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Josh Mitteldorf, a senior editor at OpEdNews, blogs on aging at Read how to stay young at Educated to be an astrophysicist, he has branched out from there to mathematical modeling in a (more...)

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Madoff : the Story behind the Story


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to assist in understanding the bigger picture of t... by Stanimal on Friday, Mar 20, 2009 at 1:25:52 AM
Madoff will serve out his 150 years or a life sent... by Maxwell on Friday, Mar 20, 2009 at 7:40:37 AM
I confess to being underwhelmed by this report. Fi... by Deborah Emin on Friday, Mar 20, 2009 at 11:48:21 AM
For weeks since he was arrested, I have maintained... by pedro suijuris on Saturday, Mar 21, 2009 at 8:49:00 AM
... whenever there's money and scandal. Just m... by Mr M on Saturday, Mar 21, 2009 at 9:23:09 AM