[Note from the Editor: Gary Moore was a senior vice president of Paine Webber before founding his own firm as “counsel to ethical and spiritual investors.” He has written five books on the ethical management of money and has been a financial commentator for UPI. He has very graciously permitted us to post his perspective on the Madoff case. Also see a link to his organization at the end of this article. The following is Mr. Moore’s work. – AP]

Bernie Madoff has apparently perpetrated a fifty billion dollar Ponzi scheme that has devastated investor confidence, as well as several charities in Palm Beach. A hedge fund operator in my hometown of Sarasota has apparently perpetrated another swindle of three hundred and fifty million dollars. It too has affected hundreds, as well as the Y on whose board I serve, and several other charities. The more things change…

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