This is just a quick post.

One of Acrimoney’s regular readers sent this story about Franklin Sands, Florida’s minority leader in the State house. Sands lost $3 million to Madoff. The legislator is now working overtime to put his finances back in order. He describes his efforts in the linked article. I admire his attitude.

Push here to visit SunSentinel.com.

The last paragraph is the most striking part of the article. Sands on Madoff: ” ‘He just hurt so many people, and for what? He didn’t build anything. He didn’t create anything. He just brought shame to his entire family.’ ”

If you see similar stories, please comment and include a link where we can all read.

About the author

Norb Vonnegut wrote 178 articles on this blog.

Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.

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