Madoff touted 'advanced technology' to his clients/victims

[Juha-Matti Laurio <juha-matti.laurio () netti fi>]

"Bernard Madoff, accused by federal authorities of stealing some $50 billion in an elaborate investment fraud,
stressed the use of “advanced technology” and disaster recovery protection in an apparent effort to give clients some 
peace of mind.

Madoff was arrested last week by the FBI and charged with fraud.
The operation [1] has been described as a iPonzi scheme-type operation that sailed under the eyes of federal and state 
regulators.  

Madoff fostered a reputation for his firm as a leading edge user of technology.
His firm claimed “proprietary automation” that included use of “proprietary smart router” and "proprietary web 
technology." which was all part of the “industry's most advanced technology.”

Madoff’s firm didn’t just have computers -- it had “sophisticated computers.”"
--clip--

More at
http://blogs.computerworld.com/node/12652/print

(Due to those silly advertisements printer-friendly link in use. Check the links via source URL of the printer-friendly 
aricle)

Juha-Matti

_______________________________________________
Fun and Misc security discussion for OT posts.
https://linuxbox.org/cgi-bin/mailman/listinfo/funsec
Note: funsec is a public and open mailing list.