Bernie Madoff On Video: 'It's Virtually Impossible To Violate Rules' - InformationWeek
IoT
IoT
IT Leadership // CIO Insights & Innovation
Commentary
12/16/2008
12:24 PM
Bob Evans
Bob Evans
Commentary
50%
50%
RELATED EVENTS
Moving UEBA Beyond the Ground Floor
Sep 20, 2017
This webinar will provide the details you need about UEBA so you can make the decisions on how bes ...Read More>>

Bernie Madoff On Video: 'It's Virtually Impossible To Violate Rules'

Yes, here's the guy who swindled $50 billion proclaiming on camera just a year ago that it's impossible to violate scores of SEC rules -- even though he was doing exactly that -- and that "this is something the general public doesn't understand." Read on to check out the certified brass-pair video excerpt from Madoff in an excellent post by my colleague Kerry Massaro of Advanced Trading.

Yes, here's the guy who swindled $50 billion proclaiming on camera just a year ago that it's impossible to violate scores of SEC rules -- even though he was doing exactly that -- and that "this is something the general public doesn't understand." Read on to check out the certified brass-pair video excerpt from Madoff in an excellent post by my colleague Kerry Massaro of Advanced Trading.We'll be keeping an eye on this sordid affair because it offers a profound lesson for CIOs to be ever-vigilant with regard to ethical business practices, governance, credible compliance, information security, and that big fat line separating right from wrong and miserable lies from the truth. In the link below, Kerry Massaro has put together a great package on Madoff and the impact his extraordinary misdeeds have had on the entire financial industry.

But for starters, watch the man who stole $50 billion telling us not to worry because should it ever come to pass that someone in the trading business would cross the line, the theft would be "...relatively small because of all the regulation." So remember: they say that seeing is believing, but with this guy, maybe not so much.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll