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Tag Archive: Bernard Madoff


Financial Scandals

I thought of putting the Sahara case today vis-a vis the famous Bernard Madoff ponzi scheme scandal case … well the study is on, blogneed more data collection and actual reporting but Kudos to RBI and SEBI as they finally nailed out the Sahara Scandal case with the help of Supreme court.

Recollecting some of the scandals in the Investment banking space from The Barclays Saga and Libor , LIBOR    Manipulation : any thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and the series is endless ..I believe the quotes of the maverick author holds true :

  • The main difference between government bailouts and smoking is that in some rare cases the statement “This is my last cigarette “holds true
  • The difference between banks and Mafia: banks have better legal regulatory expertise,but Mafia understands the public opinion. Or you can say”Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world”  Continue reading
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  • The game taught me the game. And it didn’t spare the rod while teaching. Jesse Liver more
  • And when my situation ain’t improving, I’ m trying to murder everything moving. Jay – Z Continue reading
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