MisterPhi

The Madoff Affair: Were His Sons Actually Responsible?

Know what? When they went after the "complex" orchestrations behind the Parmalat collapse/fraud what investigators discovered was disarmingly simple. Forged documents, that's all.
And you don't need tons of 'em either. You just need them to be good enough to withstand the first scrutiny, and then time and the convinction of the other person / firms does the rest.
Same with the Kerviel guy @ SocGen. He produced all the documents that were needed to keep the compliance / audit off his back. His only problem was that the trades were way too big and could not possibly evade attention for too long. Yet another case of one lonely man winning vs. a very bureaucratic system that doesn't have enough time to really examine every single piece of evidence down to the very last penstroke.
Food for thought.