Watchdog fears market ‘Ponzimonium’

[Solly]

"US federal regulators have warned of a “rampant Ponzimonium” as they disclosed they are investigating “hundreds” of possible scams in the aftermath of the $50bn fraud allegedly perpetrated by Bernard Madoff."

FT story here:

http://www.ft.com/cms/s/0/fd01b70c-1584-11de-b9a9-0000779fd2ac.html