Article

2009-04-14 -Lurid Crime Tales-

Investors press ahead for MadoffŽs personal assets

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Posted by Fred 2009-04-14 00:00|| || Front Page|| [5 views ] Top

#1 By the way, if anyone has a few million to invest, I am taking over Bernie's operations. Guaranteed 20% return for investment of $5 million or more.

Posted by Jack is Back!">Jack is Back! 2009-04-14 10:28|| 2009-04-14 10:28|| Front Page Top

#2 my sympathy meter is on low here. Yah, accountants approved of Madoff statements, but cash flow accounting ignores the real asset picture. Anyone who doesn't know that deserves to take a hit. Of course, Madoff deserves any hit he takes too.

Posted by Gruper the Rasher2855 2009-04-14 17:29|| 2009-04-14 17:29|| Front Page Top

#3 Has anyone looked where the assets went? Like children, grandchildren, offshore? We are talking 50+ billion dollars here. Bankruptcy is chump change for the big fraud. They should throw top SEC people in the clink with Madeoff. Where is the accountability, anywhere???????? Joe, feel free to chime on this one.

Posted by Alaska Paul 2009-04-14 21:30|| 2009-04-14 21:30|| Front Page Top

#4 I don't believe there ever were any assets in that part of his firm, Alaska Paul -- a true pyramid scheme where what came in later went to pay off earlier investors. An awful lot was skimmed off to be given to charities, Jewish and otherwise. Quite a few charitable enterprises were founded to disburse funds donated by Mr. Madoff and some of his friends... and now have to close up shop because Madoff went under.

Posted by trailing wife in Buffalo 2009-04-14 21:43|| 2009-04-14 21:43|| Front Page Top

#5 Excellent point TW. Please take an Obama bow :-)

Posted by Besoeker 2009-04-14 21:45|| 2009-04-14 21:45|| Front Page Top

#6 Clawback's a bitch.

Posted by Nimble Spemble 2009-04-14 21:52|| 2009-04-14 21:52|| Front Page Top

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