Madoff Bro: Idiot Or Crook?

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It's a fine line, to be sure, but that's what Frank Lautenberg is trying to ascertain and maybe recoup some losses in the process. The octogenarian senator's family foundation has sued Peter Madoff, brother of Bernie, and chief compliance officer at Madoff Securities, a job which either entailed aiding and abetting the elder Mades in ripping off Kevin Bacon et al, or building elaborate towers out of sugar cubes for the last number of years. Here's the complaint, via Dealbook. Obviously you'll all agree that the best of the 17 "obvious material red flags evidencing the BMIS giant Ponzi scheme and repeated alerts of fraudulent activity that were recklessly ignored and/or not disclosed and/or consciously disregarded by Peter Madoff" is the one about no one being allowed on the office's 17th floor, known as "THE CAGE."
Lautenberg Foundation's Suit Against Peter Madoff

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