[funsec] Madoff touted 'advanced technology' to his clients/victims

[Alex Eckelberry]

While this is quite funny on its own, this side of the business was just
a market-maker.  It didn't have anything to do with the Ponzi scheme.  

-----Original Message-----
From: funsec-bounces at linuxbox.org [mailto:funsec-bounces at linuxbox.org]
On Behalf Of Juha-Matti Laurio
Sent: Monday, December 15, 2008 4:24 PM
To: funsec at linuxbox.org
Subject: [funsec] Madoff touted 'advanced technology' to his
clients/victims

"Bernard Madoff, accused by federal authorities of stealing some $50
billion in an elaborate investment fraud, stressed the use of "advanced
technology" and disaster recovery protection in an apparent effort to
give clients some peace of mind.

Madoff was arrested last week by the FBI and charged with fraud.
The operation [1] has been described as a iPonzi scheme-type operation
that sailed under the eyes of federal and state regulators.  

Madoff fostered a reputation for his firm as a leading edge user of
technology.
His firm claimed "proprietary automation" that included use of
"proprietary smart router" and "proprietary web technology." which was
all part of the "industry's most advanced technology."

Madoff's firm didn't just have computers -- it had "sophisticated
computers.""
--clip--

More at
http://blogs.computerworld.com/node/12652/print

(Due to those silly advertisements printer-friendly link in use. Check
the links via source URL of the printer-friendly aricle)

Juha-Matti

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