Greed and gullibility are gold to the fraudsters with promises of riches

Even if a proposition seems too good to be true, many investors who should know better will still try to take their cut and run before it all falls apart

Bernie Madoff (left): swindled investors out of billions Bloomberg

They can be tough on some of their white collar criminals in the US. Had Bernie Madoff been a prisoner in Ireland, for example, it is not hard to imagine that he would have been released on humanitarian grounds to die at home rather than in prison.

An 82-year-old suffering from renal failure would have been treated with compassion. But the authorities in the US were determined that, no matter what, the fraudster would die ...