Bernie Madoff was only caught because his sons turned him in. During all the years Madoff was pulling off his Ponzi scam government regulators were clueless about what he was doing. We now know why, the regulators are ignorant baffoons.
In among the emails the received from victims of Madoff's scheme the US Attorney's Office for the Southern District of New York has included one offering the Nigerian Scam. It's possible US Attorney Lev Dassin will note the gentleman says he is from the Republic of the Congo and, hence, it can't be the Nigerian Scam. It's possible Dassin will claim that his office didn't bother to read any of the letters his office included in an official court filing, which would make them not so much stupid as grossly incompetent.
Or, it could be that government attorneys are gullible rubes who even now are investing their 401(k) savings with Madoff knowing the money will be really safe what with Bernie in jail and all.
Tip 'o the hat to Talking Points Memo for finding this gem.
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