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Bernie Madoff Is Mildly Impressed
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The CEO of a military contractor is accused of misappropriating company funds to a spectacular extent. How spectacular? How bout over $6 million in personal expenses? He allegedly bought luxury cars, party invitations, university textbooks for his daughter, porn videos (!) for his son, plastic surgery for his wife, a burial plot for his mother, prostitutes (!!!) for his employees, and a $100,000 American-flag belt buckle with rubies, sapphires and diamonds. He also allegedly falsified financial information to pump up the stock price and then dumped the stock to make a $190 million windfall. What do you do with a guy who allegedly spent $100,000 of other people's money on a belt buckle? (New York Times)
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