>What It Means to Get Madoff-ed

>”Saying he was ‘deeply sorry and ashamed,’ Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims. Madoff, 70, could get up to 150 years in prison when he is sentenced in June.” -Associated Press

In enterprise architecture, defining data terms and usage is very important. So everyone is talking the same language!

Well with Bernie Madoff’s plea of guilt to all 11 charges against him today involving a $50 billion Ponzi scheme (named after another financial crook), I believe are witnessing the birth of a new word in the English lexicon.

Here on in, Madoff will mean:

-verb
to swindle, cheat, defraud, deceive.

-noun
a person who swindles, cheats, defrauds, and deceives.

Congratulations Bernie, you lousy Madoff!

Another way to think of this new word…
he MADe OFF with a lot of people’s hard-earned money.