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Catherine Gacad

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Madoff Disaster

I do think it’s really sad that Bernie Madoff’s eldest son committed suicide this weekend, especially since he left behind four children. What a disaster this whole scandal has turned out to be. The mastermind jailed for 150 years. A family humiliated. Investors defrauded of their life savings.

Here’s what I don’t understand. Madoff’s family members are still living lives of luxury. Bernie’s wife got away with several million dollars. Does that make any sense when many of their investors have nothing? Their sons were living in penthouses. Have you no shame? How do you think that money–which is other people’s money–got into your hands? It’s not yours. Give it back or at least have some decency to downscale.

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12.08.10

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Welcome to my site, derived from an advice column I wrote while getting my MBA. I live in the San Francisco Bay Area. I give helpful, opinionated advice based on my own experience and from the expertise of my extensive network. For more, click here.

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