That organized crime may have been involved in the Madoff deal is, at present, only a speculation. But the more one considers the already known evidence and the facts that lead to this speculation, the more likely it appears that the speculation could in fact be the truth. One wonders: are the FBI and the U.S. Attorney considering and investigating the possibility that Madoff was an organized crime deal? If they are not, why not? If they are, what are they finding and what and when will Madoff’s victims and the public be told? In ways that one can only begin to guess at now, the answers to these questions will bear on a host of crucial matters, ranging from various forms of possible restitution to victims to the standing of American markets in the world.
There are people who are in touch with relevant governmental actors. They, and the rest of us among victims, in the public, in the media, and in Congress, should begin to continuously demand to know the answer to the question of whether Madoff was or was not tied in with the Mafia. There seems to have been an awful lot of smoke here. Was there also a fire?
* * * * *
I cannot resist closing with the following: When I was a kid around 1952, 1953, 1954, there were some books that came out about gangs and such and that were popular with and read by youngsters. One was The Amboy Dukes, another was The Hoods, and I think A Stone For Danny Fisher may have involved similar things. (None of these books are to be confused with Meyer Levin’s The Old Bunch.) An episode in The Hoods was very funny, at least to a twelve or thirteen year old or a fourteen year old. A group of gangsters had invented a magical machine. You put toilet paper in one end, turned a crank, and money came out the other end. The machine was called the “crap paper machine.” It turned toilet paper into money. It was, of course, a fraud.
The gangsters wanted to sell the machine for lots of money, so they persuaded a businessman to watch a demonstration of it. They put crap paper in one end, turned the crank, and out came money on the other end. The businessman bought it for a fortune (either never thinking to ask why the hoods would sell a machine that printed money instead of just using it to print money, or being satisfied with whatever explanation the hoods gave).
Anyway, the episode was very funny to a kid. Imagine, a bunch of hoods had sold a machine that ostensibly took crap paper and turned it into money. Ho, ho, ho. But hasn’t Madoff created a reverse crap paper machine? Instead of taking in crap paper and turning it into money, his machine took in money and turned it into crap paper. Enough crap paper to service all of New York State for a couple of years maybe.
The question here in regard to Madoff’s reverse crap paper machine is whether, as in The Hoods, the hoods were involved in Madoff’s machine. Were the hoods floating Madoff’s reverse crap paper machine here just as the hoods created the crap paper machine in The Hoods? And is the government focusing on this possibility, which looks like it could conceivably be all too real instead of just speculation.*
VelvelOnNationalAffairs is now available as a podcast. To subscribe please visit VelvelOnNationalAffairs.com, and click on the link on the top left corner of the page. The podcasts can also be found on iTunes or at www.lrvelvel.libsyn.com
In addition, one hour long television book shows, shown on Comcast, on which Dean Velvel, interviews an author, one hour long television panel shows, also shown on Comcast, on which other MSL personnel interview experts about important subjects, conferences on historical and other important subjects held at MSL, and an MSL journal of important issues called The Long Term View, can all be accessed on the internet, including by video and audio. For TV shows go to: www.mslaw.edu/about_tv.htm; for conferences go to: www.mslawevents.com; for The Long Term View go to: www.mslaw.edu/about_LTV.htm.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
