I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

Dead Madoff associate’s will being targetted to pay off Ponzi …

Palm Beach (Florida, US), Oct.26 (ANI): A long time friend of jailed Ponzi King Bernard Madoff, who was found at the bottom of the pool of his ocean-side mansion, died on Sunday, police said. Jeffry Picower, 67, a philanthropist, …

Bernard Madoff associate Jeffry Picower dies at 67 | US Post Today.

Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, was found at the bottom of the pool at his oceanside mansion and died Sunday, police said. …

Wills, Trusts & Estates Prof Blog: Beneficiary of Madoff Scheme …

Beneficiary of Madoff Scheme Dies; Leaves Millions to Family. Picower Jeffry Picower was listed as one of Forbes 400 wealthiest Americans and was also involved with Bernard Madoff. Picower died of a heart attack last month. …

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!

Free Email, Unlimited Storage, Anti-Virus & Spam Protection and …

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 …

Bernard Madoff’s jacket, watch auctioned in NYC – Business …

Email this. Bernard Madoff's jacket, watch auctioned in NYC. The form has errors highlighted in red, please review these entries and try again! Recipient's Email Address: (Separate multiple addresses with commas). Your Name: …

Two Programmers Arrested For Roles In Bernard Madoff Ponzi Scheme …

Send a link to this post 'Two Programmers Arrested For Roles In Bernard Madoff Ponzi Scheme' via email: Your Name: Please enter your name. Your Email Address: Please enter your email address. Please enter a valid email address. …

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My question is on the so many mutual funds and so many ETFs in the market.

Q1 Are they safe from fraud like that of Bernard Madoff? I personally don't thing that SIPC covers the situation like Bernard Madoff?

Q2. The mutual fund value- does it truly reflect the underlying assets? Or some companies may be initially pumping them up.

Q3. There are companies they offer 100+ mutual funds, are not they manipulating the price of under performing mutual fund with good performing mutual fund? _ any example from history.

Q4. What will happen to VFINX if Vanguard goes bust?
FSMKX – What if Fidelity goes bust?
DODGX – What if Dodge and Cox goes bust?

This question Q4 can be applied to ETF and ETN like SPY, QQQQ, DIA, EFA, EEM, OIL, GLD, VNQ, MDY, XLF, USO, IWM, IIF, IFN, RWR, PSP,

Thanks

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Who is MADOFF MADOFFMADOFFMADOFFMADOFF?

Are you mentioned for Bernard Madoff ?

Bernard Madoff was born into a New York Jewish family in 1938.

He founded his investment firm, Bernard L. Madoff Investment Securities, in 1960, with $5,000 earned during summer jobs as a lifeguard and installing sprinklers.

Peter, his brother, joined the firm 10 years later; his nephew, niece and two sons also worked with him.

By the early 1980s, the firm was one of the largest independent trading operations in the securities industry, and by 2000 it had about $300 million in assets.

Medal that marked hanging of ’19th century Madoff’ up for grabs …

Palm Beach (Florida, US), Oct.26 (ANI): A long time friend of jailed Ponzi King Bernard Madoff, who was found at the bottom of the pool of his ocean-side mansion, died on Sunday, police said. Jeffry Picower, 67, a philanthropist, …

Bernard Madoff associate Jeffry Picower dies at 67 | US Post Today.

Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, was found at the bottom of the pool at his oceanside mansion and died Sunday, police said. …

Wills, Trusts & Estates Prof Blog: Beneficiary of Madoff Scheme …

Beneficiary of Madoff Scheme Dies; Leaves Millions to Family. Picower Jeffry Picower was listed as one of Forbes 400 wealthiest Americans and was also involved with Bernard Madoff. Picower died of a heart attack last month. …

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!

Technorati Tags: Bernard L Madoff Investment Securities, Bernard Madoff Dies

The hardest thing for people to deal with when they’re victimized by a scam is the feeling of being violated and used. Yes, any loss of money resulting from having been taken by a scam artist is a bitter pill to swallow, but that feeling of helplessness is the hardest thing of all to deal with.

I’ve read the firsthand accounts of many of Madoff’s victims and they uniformly say the same thing: knowing that they were getting blindly ripped off year after year is what really made the scandal so heart wrenching.

So what does all of this have to do with a home based business? Truthfully, a lot. Now I’m a big advocate of the Network Marketing industry because it is by far the most popular model folks use to build home business success. So, for the purposes of this discussion, we will keep our focus on how to build an MLM business while not being victimized by a scam.

There are more Network marketing opportunities available today that at any other time in history. The market is ripe for folks to enter into a home business of their own in response to today’s economic turmoil. But, just as the popularity of Network Marketing rises, so also do the number of scams that masquerade as legitimate opportunity. It is up to you to make sure you’re not violated by the “Bernard Madoffs” of the MLM business arena.

To do this, just take a look at how Madoff operated. If you find somebody pitching a home based Network Marketing business opportunity in the same way then you’ve gotta raise some major red flags.

For example, look at how secretive Madoff had been over the years. Many of his victims had placed millions and millions of dollars with his firm yet they knew very little about the man and how he actually operated. For all that time he kept himself hidden as the man behind the curtain.

Lesson: make sure whoever it is you choose to build a home business with is transparent. Make sure, for your own safety and security, that you are easily able to learn as much as you can about the person and they do not keep themselves hidden behind a fancy web site or an automated 800 number.

Bernard Madoff had constructed a classic pyramid or “Ponzi” scheme. After the dust had settled, it was evident that there was zero substance to his operation. For all the money that was coming in to his firm, there was zero going back out.

Lesson: for a Network Marketing business opportunity to be legitimate, there should be a tangible product involved.

There’ve been many an MLM company broken up the government because underneath a fancy looking surface, there was no substance to the opportunity. If the only commissions paid by a company are based on selling, say, a replicated web site with no real product involved then it’s sketchy at best. You can ensure yourself that a company is on the up and up when quality goods are provided in exchange for the money they’re taking in.

The point here is that a good dose of skepticism on your part when learning how to become successful in Network Marketing will go a long way in not falling victim to a scam. Of course, up front education before jumping into anything can only work to your advantage.

Luckily, the internet offers numerous opportunities whereby folks can educate themselves on how to properly get involved with a home based Network Marketing business. Best of all, much of the information found on the topic is free and it’s good quality.

By the way, any legitimate ambassador of the Network Marketing profession freely gives away information on the industry. That right there will tell you whether or not you’re dealing with somebody worth your time.

Here’s the bottom line: there is no better teacher than history. And recent history has taught us – all of us – that scam artists come in many different shapes and sizes. And ultimately, it is entirely up to each of us, individually, to watch out for our own best interests. Nobody else will do that for us.

You can gain immediate access to a free, 7 part video training series on how to become successful in Network Marketing produced by the author of this article; Daniel Herzner. Dan is a Network Marketing business owner, trainer and consultant. To contact him or to gain immediate access to his free video series, please visit http://www.UniversalMLMSuccess.com/

“Kenneth Lay taught me a valuable lesson, if you owe people and the government over $35 Million, f*ck it, just die”

– D.L. Hughley

Now imagine, Bernard Madoff is in for like $50 Billion!

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