The fraudulent scheme that allowed Bernard Madoff to misappropriate $65bn in investor funds combined 1980s computer technology with a Rube Goldberg-like system of hiding the truth from regulatory authorities, according to a complaint filed yesterday by the Securities and Exchange Commission.
The SEC complaint, filed against Mr Madoff's right-hand man, Frank DiPascali, outlined a series of rudimentary - almost comical - ploys designed to fool investors and SEC attorneys, who reviewed Mr Madoff's operation between 2004 and 2006.
