It's All Fun And Games, Until It's Not

Author:
Publish date:

Of course, we poke fun and satire at white collar crime here on Dealbreaker, that's our purpose- a bit of commentary stirred up with a dose of mocking escapism. It is, however, effectively impossible (and shady) to even attempt to satirize this sort of thing:

The son of William Foxton, 65, said his father was so distraught after losing his family's entire savings in the alleged [Madoff] Ponzi scheme that he shot himself in a park in Southampton on Tuesday with a handgun.
[...]
"I spoke with my father recently and he confided in me that he was in 'an absolute s***fight' with his banks', as his life savings had been invested in two hedge funds; the Herald USA Fund and Herald Luxembourg Fund," Mr Foxton said.
"He had found out that the offices of these funds had closed and that the money had in fact been invested in the Madoff Hedge funds.

It is the cruel irony of such scams, given that they are perpetrated by the least honorable among us, that they seem to impact the most honorable the most severely. Foxton served with the French Foreign Legion and joined the British Army were, despite losing an arm in combat, he eventually rose to Major. Foxton was named Member of the Most Excellent Order of the British Empire (MBE) in 1986 and Officer of the Most Excellent Order of the British Empire (OBE) in 1999 for his work with the disabled and in former Yugoslavia respectively.
Bernard Madoff has 'blood on his hands' over William Foxton suicide [Times Online]

Related