Rene-Thierry Magon de la Villehuchet committed suicide Monday night, not because his parents named him Rene, but because he lost all of his, and his clients', money in the Bernard Madoff Ponzi scheme.
We seriously considered adding this death to the list of Greenspan's Body Count, for easy money bubbles facilitate all sorts of schemes, including those of the Ponzi variety. However, a direct link from Madoff to Alan Greenspan was too tenuous. Madoff could have run such a Ponzi scheme even in the absense of Greenspan's bubble.
There does exist, though, a direct and incontrovertible link from Madoff to the incompetent SEC, headed by Christoper Cox (Cox has been featured on this blog before in the post You suck, Cox). Cox's SEC not only failed to discover the massive, obvious fraud for years, but even couldn't find the fraud when they were specifically and repeatedly told by outsiders that Madoff was running a Ponzi scheme.
Rene-Thierry Magon de la Villehuchet, welcome to Chris Cox's Body Count. You may be the first, but not likely the last.
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