How to run a successful ponzi

By now a lot of you my dear readers are looking at the world developments and thinking that you could run a good ponzi scheme if only for that little bitty rule that says that all money going back 6 years should be returned. All.

Well we may have found a loophole!!! Crowds of prospective ponziers are waiting the court decision to see if the wife of R.A.Stanford can unfreeze her half of the fortune, which was awarded in their divorce settlement. So you all know the drill.

Marry someone, divorce them, give them half of your ponzimongous loot, repeat every 6 years, end when caught by SEC.

Ponzi-22

-
This must certainly be the best double-looped, self-fulfilling Catch-22 situation I have come across since I read Joseph Heller's brilliant novel:

The SEC and a court-appointed receiver are not allowing suspected Ponzi-er R.A. Stanford to free up frozen cash to pay for his lawyers, in order to prevent him from defending himself with proceeds of the alleged fraud (which he claims it does not exist). This decision makes his conviction (and therefore the existence of the fraud) almost certain, thus proving itself wise. If however, Mr. Stanford was somehow able to prove his innocence despite the SEC decline, he would show that there was no fraud in the first place, and therefore he would be able to freely draw the cash required for his legal defense (which he would no longer need though).

If Heller was writing today about the human insanity, I bet his Yossarian would be a hyper-quant fund manager and not a B-25 pilot...
-