During the boom plenty of smart people said, “A million dollars isn’t a lot of money.”

It wasn’t if you were paper-rich like many investors around the globe, however recent financial debacles have re-educated the rich the value of money. Not money in stocks, but money in your pockets or banks, especially those investors defrauded by the Wall Street firm , Bernard L. Madoff Investment Securities LLC1960. The founder had always claimed

Angry investors gathered in the lobby of New York’s Lipstick Building. They wanted to know how their share of $50 billion gone poof to ‘money heaven’. Only one answer came from the head of the company, as Madoff admitted to federal investigators that his fund was nothing more than a giant Ponzi scam where incoming money was used to pay of returns on previous investments. The house of cards crashed whenever no money enters the system and as on Thursday suspicious callers were told by the operators that the Fund was operating ‘business as usual’. In other words trying to scam more money, except there is no more money. Nowhere.

But where did the money go?

To earlier investors.

Billions of it and now there’s only $200-300 million left.

“Opps, we fucked up.”

Expect more damage to the financial system as other hedge funds join the collapse.

Seems that everyone forgot the old adage, “Whatever sounds too good to be true usually is too good to be true.”

Mr. Madoff well-known for his philantrophic nature is facing 20 years in jail.

Devastated investors are hoping the time will be served in a CIA rendition prison and are calling for the legalization of torture.

“Where’s the money?”

It’s always a good first and last question in a dark cellar.