If it sounds to good to be true...

then, as the saying goes, it probably is.

Of course that didn't stop city superwoman Nichola Horlick bleating "foul" when she got caught up in a "Ponzi" scheme. Like a pyramid scheme, money from new investors is used to pay the existing ones giving the appearance that large sums of money can be made with very little effort.

Like most of these city types (the RBS and HSBC are also implicated), Mrs Horlick is quick to blame everyone else when things turn to shit rather than shouldering some of the blame for being greedy.

Horlick is blaming the regulator (which should have spotted Bernard Madoff's misdeeds much earlier) for losing 9% of Brandean's total fund.

This is true. The regulator should have stopped Madoff years ago, but it didn't.

Nevertheless, fund managers also have to bear a large portion of blame. They take a shitload for making decisions with our money even when those risks don't pay off.

Fuck you superwoman. You took a risk and you got bitten on the arse. It's your fault and the buck stops with you.