MADOFF LIST,KENYA and SOUTH AFRICA
I saw bankelele's post that a Kenyan resident was on the Madoff list.In case you got released from Kamiti yesterday, Bernard Madoff was an American who ran a giant ponzi scheme.Think of it as a complicated DECI-pyramid scheme for the rich and famous.
The Times has the client list on its site.Looking through it the only african residents are the Kenyan with the Mweiga address and a South African.The fact that we are the only Africans on this list probably indicates our higher level of financial sophistication relative to other African countries.
I wonder how much of the money that some of our country men/women have stashed abroad has been consumed by the recent financial crisis.
CLICK HERE for the madoff list
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