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Thursday, April 02, 2009Today at THTSome final things to read to take your mind off the fact that your yacht is being seized:Maybe I'm all talk when it comes to this sort of thing, but going on the lam is highly underrated, so if I had a yacht and the kind of cash Madoff had, I'm pretty sure I would have taken both of them to Belize or something the day after the first call came from the government last year. Posted by Craig Calcaterra at 5:45am Comments
Chris H. said...
Seriously, though. Did he just not do any planning? If it’s me, I have a well-thought-out, well-organized plan for fleeing well in advance of any trouble. Long before I get any kind of call I would’ve already researched various extradition treaties and so on. Not that I’d, y’know, engage in a massive case of fraud wiping out tons of people. I’m just sayin’. Posted 04/02 at 08:37 AM
Craig Calcaterra said...
Chris—I’ve had the, um, fortune of representing a couple of guys who got busted for massive frauds and embezzlement schemes. The whole exit strategy thing was the biggest question on my mind. I came to realize, however, that the kinds of guys who get involved in these sorts of things tend not to think that they’re really doing anything wrong or, at the very least, have as their “exit plan” some method of paying back the money before they’re ever caught. It simply never occurs to them that the music will ever stop or at least that it won’t stop before they’ve made the pot right, as it were. I think the cautious impulse you and I have—why wouldn’t you have a plan in place in case things go sideways—is borne of a mindset that never would have allowed us to take the kinds of criminal risks that the Madoffs of the world take. They’re crooks, sure, but before they’re crooks, they’re ego-driven sociopaths. Posted 04/02 at 08:42 AM
Jon Daly said...
Bobby Vesco had an exit strategy. That was the big case that I recall from my childhood. Posted 04/02 at 10:22 AM
Chris H. said...
Fair enough. I guess that makes sense. That’s just a mindset I have trouble wrapping my brain around. I mean, first and foremost I’d've stashed a safety-net of cash in some place like Luxembourg. Then I’d have multiple escape plans, etc. And you’re probably right: that sort of thinking probably helps prevent me from committing massive embezzlement anyway. Posted 04/02 at 10:24 AM
Wooden U. Lykteneau said...
It’s spelled z-i-p-p-y, Craig, and it’s just as uninspired and pathetic. Posted 04/02 at 10:38 AM
Alex Poterack said...
In case anyone’s still interested, the D-backs mascot is a bobcat because their stadium was originally named Bank One Ballpark, nicknamed the BOB. So BOB-cat…clever…yeah. Now that it’s Chase Field, they stuck with it, ‘cause there’s no such thing as a Chasecat, except maybe in George Clinton songs. Posted 04/03 at 12:00 AM
Alex Poterack said...
...yeeeeaaaahhh, I didn’t actually click on the link and find out my post was superfluous till after I hit “submit”. Whatever, I imagine no one cares by now. Posted 04/03 at 12:01 AM
Wooden U. Lykteneau said...
What is “You are correct, sir” Alex? Posted 04/03 at 08:12 AM
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Now Craig you could have easily had a Godfather reference here for our daily amusement. “Take it on the lam”?
“Bernie, you need to go away for a while. I’ll square it with mom and we’ll give that girl of yours a call when the time is right”