Former Jaguars Employee Accused of Stealing $22 Mil over Four Years (mod edit)
His boxers must of got a little dirty when he found out about that audit.
In all due fairness, that's a strong plausible scenario that might happen to most people, including most of us here on SR who had been money-laundering, committing wire fraud, illegal financial transactions, constructing and operating complex Wall St. mini-Madoff-esque Ponzi schemes for a couple of decades, a severe economic downturn happens, people get very nervous and a "run on the banks" begins, and crooked investors like Madoff or Fried know very damn well that "money" in those "funds" doesnt exist and very few people ever, ever got rich off their devious financial "wizardry". Crazy thing about Madoff is that took the 2008 " Great Recession " to expose his massive frauds, and bring his once-small side investment firm down to its knees, if the 2008 Wall St. crash isn't as severe or dramatic, or it never happens, Madoff's crimes are likely never uncovered or at least not until after his death, which, based on prison interviews, testimonies from relatives and family members, is kind of how he wanted it to happen. It's hard to hold a dead corpse accountable, much less imprison him.
I do believe Madoff was telling the absolute truth in those prison interviews that many of the major, multi-national corporate banks have to have known or had deep suspicions about the veracity, authentic nature of how his firm always managed to deliver great financial revenue, yearly, for so long without some loss at some point, due to high-risk, high-reward nature of Wall Street. Even the smartest, most creative CFO's of Wall St. financial investment firms, commodities brokers lose money some times.