What exactly did Bernard Madoff do?
He ran a Ponzi(or Pyramid)Scheme.
In other words,the earlier you became a client of his,the beet,because,as each new investor signed on,and invested money with him,he would distibute that money to the investors who had already signed on,until,eventually,he ran out of new investors,and therefore,money,to keep funneling up the pipeline.
He never invested any money buying actual stock.It all went into the scheme.
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If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
Bernard Madoff “arrest net” widens with more arrests « White …
The latest arrests are for two former computer programmers for Bernard Madoff's investment firm on charges they helped cover up his massive fraud for more than 15 years. Jerome O'Hara and George Perez are charged with conspiracy, …
Bernie Madoff Associate Jeffry Picower Dies At Age 67 | Baby …
Bernie Madoff Associate Jeffry Picower Dies At Age 67, which is not going to do any good for those who are trying to sue Jeffry Picower for the billions.
The American Spectator : Madoff Madness
There is nobody this side of a lunatic asylum that could have a kind word or thought about Bernard Madoff. He has indiscriminately destroyed the remainder of many people's lives, made wastes of the earlier parts of their lives wherein … Condemned countless people to impoverished old age? For a moment I thought you were writing about the continuing Social Security pyramid scam and deficit bomb pushed by the Obamacrats. At least the Madoff victims had a chance to say no. …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
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To: Irv Picard
From: Walter Noel
cc: Jeff Tucker
Dear Irv:
When my houseman brought in the mail yesterday, and then passed it over to the butler, who then passed it on to our downstairs maid, I was actually surprised to see the letter from you.
After everything we’ve discussed, you somehow expect that I would personally be in a position to fork over hundreds of millions of dollars as you seek Read the rest of this entry »
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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Wednesday-Night – » The Madoff affair
(Reuters) – Epic swindler Bernard Madoff's two sons, his brother and a niece will be sued this week for $198 million, the trustee winding down the Madoff Read the rest of this entry »
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If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
Two Former Computer Programmers for Bernard L. Madoff Charged with …
FBI Assistant Director-in-Charge DEMAREST stated: "O'Hara and Read the rest of this entry »
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Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…
Madoff trustee and law firm submit US$22.1M bill
Bernard Madoff's bankruptcy trustee and the law firm employing him have asked a US judge to be awarded. … Updated 1:50 PM ET. Read the rest of this entry »
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What's worse for the Jews, Madoff or Tay-Sachs disease?
Madoff's greed-infested mind has infested the entire Jewish world, causing anti-semetism to proliferate more than the flu virus. Only there is no vaccination remedy for that greed. Us Jews must live with it and its sequelae. God have mercy. Today is yom kippur.
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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Madoff trustee and law firm submit US$22.1M bill
Bernard Madoff's bankruptcy trustee and the law firm employing him have asked a US judge to be awarded. Read the rest of this entry »
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To: Jamie Dimon
From: Bernie
Many mazels on the court verdict! Proving that having a good lawyer and a bag full of sheckels beats better lawyers with a handful of schmeckels!
Ha!
To: Ruthie
From: Bernie
I told you to stay up in Westport for the summer!…But, watching this is better than watching cartoons! Ha!
Kisses..
BLM
Read more…
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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
I’m Bernard Madoff–I’m Telling All. Right Here. Trust Me …
I'm Bernard Madoff–I'm Telling All. Right Here. Trust Me. Real confessions from me, Bernie Madoff, the guy that made off with tens of millions of dollars for myself and my family by diverting BILLIONS in the biggest Ponzi Scheme in History ! … One transaction the authorities should investigate is a $71 million contribution Carl and Ruth Shapiro made to their foundation in 2007. On Part III of the 2007 990, there is a $31.5 million decrease in retained earnings labeled …
Bernard Madoff’s jacket, watch auctioned in NYC – Business …
Two pairs of Ruth Madoff's diamond dangle earrings sold for $70000 each, against a pre-sale estimate of no more than $9800 and $21400. But the most highly prized item in the sale, one of Bernard Madoff's 17 Rolex watches, fetched only $65000 … Chevrolet Silverado 1500 2000, 4.8L, 8 CYL., NOT SPECIFIED, FI, Gray. Call (252)338-9100…(more); Jeep Grand Cherokee 2007, 3.7L, 6 CYL., Automatic, FI, Blk. Call (252)338-9100…(more); Ford Taurus, 2007, 3.0L V6 OHV, Large Car . …
Pair of computer programmers charged with helping Bernard Madoff …
NEW YORK — Two former employees for Bernard Madoff programmed an old IBM computer to generate false records that concealed the crooked financier's massive Ponzi scheme and were given hush money when they threatened to stop lying, ….. mixedrss Microsoft Office Enterprise 2007 SP2 Blue Edition [Full activated]; mixedrss Suzuki Worldwide 03.2009; mixedrss Power DVD Rip Studio v1.1.7.109 RS MU; hackernews Embedded Hardware and Software Pen Tester Positions in GE Smart Grid …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
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