One hypothesis is that some of the Ponzi’s feeders (i.e. the people whom I have just named and their clients) wanted Madoff’s brokerage to engage in manipulative naked short selling, generating phantom stock to drive down the markets.
And whose "hypothesis" would that be? Yours?
The authorities know exactly what Madoff was doing.
lol, the rest of it is just hilarious, descending every deeper into the pit of conspiracy lunacy.