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Boston Got Madoff’d

May 5, 2009 By farnkoff

Did anyone catch this little tidbit from Boston.com? Apparently the “Deputy Collector’s office”, to whom I would periodically refer taxpayers when I was working at Assessing, may have been run by a complete crook who stole $2.7 million from the taxpayers.

Wow. Sorry about that, folks…I hope you asked for a receipt when you paid your delinquent excise taxes….

How many teachers, mounted police, new firetrucks, etc could be funded with that stolen $2.7 million, I wonder?

It’s amazing that the law only provides for what appear to be two fundamental categories of larceny: under $250 and over $250, with the result that a high-end shoplifter (say, someone who tries to steal a $300 leather jacket) could theoretically be charged with a criminal offense of equal magnitude to that committed by an individual who steals millions. That seems to me to be a pretty lucky thing for a lot of white-collar criminals.

I wonder how much time this guy will do if he is convicted? Also, I wonder if the city will recover all or any of the money?

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Filed Under: User Tagged With: boston, budget, city, crime, finance, layoffs, theft, white-collar

Comments

  1. farnkoff says

    May 7, 2009 at 3:10 am

    The alleged thief, Mr. Colahan, donated $500 to Tom Menino in 2005 -perhaps because of Mr. Menino’s heroic efforts to make Boston a friendly environment for business.

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