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He'll probably get paroled like James Whitmore's character in “the Shawshank Redemption” because he'll be so old, he's no longer a threat to society. He's already got one foot out of the joint 'cause he's 71 now.

He'll probably get paroled like James Whitmore's character in “the Shawshank Redemption” because he'll be so old, he's no longer a threat to society. He's already got one foot out of the joint 'cause he's 71 now.

Anyone who steered a client towards him was involved in the scam. It was their duty to investigate: they did not. This includes many of the investments funds and banks from Europe as well.

I cannot really blame all investors for being blindsided. Look at how CNBC, and other financial news outlets make everyone who runs a corporation, hedge fund, or bank sound like an untouchable genius. All gush, all fandom, and no real analysis going on. They made investing sound easy, facile, and any idiot could do it (Jim Cramer, anyone?).

However, nothing is ever that easy.