“I Am Required to Say That Bogle Was Made Aware of the Lindauer Matter By Numerous Posters at the Bogleheads Forum and Did Nothing About It. That’s a Stone Cold Fact and That Is What I Am Going to Say. Financial Fraud Is a Crime in the United States. That’s a Stone Cold Fact Too. The Act of Fraud Does Not Cancel Out the Many Good Things He Has Done. But It Is in the Process of Doing Very Serious Harm to Millions of People. So It Is Something That Everyone in the Nation Needs to Know About and Come to Terms With.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

“I spoke to Bogle. He says that he is grateful for the show of support for Buy-and-Hold but wonders if going to prison for it might be taking things a bit too far.”

If you are still planning on sending Jack to prison, you better hurry up. The guy is 89 years old and probably doesn’t have too many years left.

I hope he lives forever. I love the man. I rate him as a Hero to the Middle Class.

It sure won’t be me sending him to prison. I have zero power to do any such thing and zero desire to ever acquire such power.

I will tell the story honestly. I am required to say that Bogle was made aware of the Lindauer Matter by numerous posters at the Bogleheads Forum and did nothing about it. That’s a stone cold fact and that is what I am going to say. Financial fraud is a crime in the United States. That’s a stone cold fact too. The act of fraud does not cancel out the many good things he has done. But it is in the process of doing very serious harm to millions of people. So it is something that everyone in the nation needs to know about and come to terms with.

I have learned many important things from Jack Bogle. There would be no Valuation-Informed Indexing without the many valuable contributions of Jack Bogle. I hope to be working closely with him in the days following the next price crash, when I am 100 percent certain that he will make a full and complete break with Mel Lindauer and with all those who have posted in “defense” of him. I think of Jack as a friend and always will.

I think of you as a friend too, Anonymous. I haven’t learned as much from you as I have learned from Jack Bogle. But I have indeed learned things from you over the years and I am grateful for that.

I naturally wish you all the best that this life has to offer a person.

Bogle-Loving (But Not Financial Fraud Loving) Rob