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March 19, 2009

Madoff : the Story behind the Story

By Josh Mitteldorf

Investigative reporter Wayne Madsen has pieced together a plausible story about the larger scandal behind Madoff's hedge fund. It involves a giant casino project for Manhattan and links the judge who will decide Madoff's prison sentence

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Whenever I hear the media and the government denouncing loudly in unison, I look for the possibility that the target is a scapegoat, and that the scandal goes deeper, touches better-established personalities.

This article by Wayne Madsen (scroll down to see it) offers a plausible hypothesis why Madoff's conviction is the end of the line, and prosecutors aren't lookig for co-conspirators.  According to Madsen, Madoff's investors were not so dumb, and what Madoff was really collecting money for was a vast floating casino project in Manhattan, with new transit lines thrown in for extra $$$.  The "Cornerstone Project" was to have absorbed Madoff's cash and rewarded him richly, before last September's crash put the project in jeopardy.

I won't try to summarize the intrigue that Madsen describes, aside from revealing the "cornerstone" of his charge: Judge Denny Chin, who has accepted Madoff's guilty plea and will be in charge of sentencing him, is a major investor in the Cornerstone project.



Authors Bio:



Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.

Educated to be an astrophysicist, he has branched out from there to mathematical modeling in a variety of areas, including evolutionary ecology and economics. He has taught mathematics, statistics, and physics at several universities. He is an avid amateur pianist, and father of two adopted Chinese girls, now grown. He travels to Beijing each year to work with a lab studying the biology of aging. His book on the subject is "Cracking the Aging Code", http://tinyurl.com/y7yovp87.



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