Within only days of the birthday of convicted Ponzi schemer Bernie Madoff, the News Sentinel reported details of two local investment frauds — one of them a two-time defrauder. The details were both fascinating and frustrating. It is fascinating that people can make the kinds of mistakes and decisions that feed these scoundrels. And it is the regulatory environment in which these horrible thefts occur that is frustrating. More in Knoxville News Sentinel here.
