On the contrary, it shows that they aren't going touch Ribotsky. The guy lived high on the hog for years on his investors' money, all the while telling them that their accounts were growing in value. Technically, it wasn't the same as Madoff because Ribotsky did make some investments. But, the investments didn't make money-not for anybody, including him. What enabled his lifestyle was the pyramiding- new money coming in. For all practical purposes, it was just a pyramid scheme, and making some investments was his cover. That's the only reason Madoff is in prison and Ribotsky is not. It was his Get Out Of Jail Free card.
Still, it is amazing that they haven't charged him with a crime because there was fraud involved and massive financial loss to people who were, in every sense of the word, his victims.
So, why haven't they charged Ribotsky and why won't they? I don't know, but if they were going to, it would have happened by now.
