Recent content by bdiego

So Madoff is pleading guilty to all 11 counts *without* a plea bargain. 150 years. http://biz.yahoo.com/ap/090310/madoff_scandal.html I bet he changed his mind about a plea deal when he realized he'd have to testify against his wife and all former employees. And that if he lied one single...

If she knew about Madoff's Ponzi scheme, which is pretty certain, this won't matter. She'll be sued for damages and lose. BTW Madoff is pleading guilty to all charges without a plea deal, facing 150 years. Sounds like Madoff didn't like the idea of having to testify against his wife and...

It doesn't. The SEC is now investigating a lawyer who looked into the Madoff case - a lawyer who married Maddoff's niece! Failed to recuse himself of this investigation of course. Is it bribery when you marry into a Billionaire's family that you're investigating? Well it is an SEC...

So you're running on Linux? Don't tell me you're on a PC or Mac. Google doesn't even make half the products they own. They usually buy them out. I take it you no longer use youtube now that it's owned by google?

Yeah I stopped reading the moment I saw 180 days - classic ponzi. The only reason someone would invest in this company would be because their greed is more powerful than their common sense.

Actually hundreds get executed, and there are tens of thousands of scams going on right now. The difference is it's all local or embezzlement. Won't make the news here. Like the SEC, they only catch less than 1%. For every execution, you have over a hundred that got away in China.

Even as he confessed to his family, he plotted to hand out $200 million in remaining assets to family and employees. So yes he had every intention of turning a mass Ponzi scheme into mass embezzlement of the company and ill gotten gains. He's facing only 20 years and a $5 MILLION fine. Sure...

Not many people, however brilliant, can act as rationally as you did under the temptation of greed. You see that recurring theme in the housing and credit bubble. It's telling that every time I've been approached by a "friend" about investing my money with them, the shadier the deal the more...

Oh burn. Next thing you know North Korea is going to praise the US and Europe for embracing more core socialist principles.

It's true. That said, Google has been getting worse year by year for the last five years. Part of this isn't their fault - web sites are exploiting the Google engine and Google's response to it causes a lot of innocent casualties in accuracy. Same dilemma Apple has with Mac OS. Since...

Actually, some did do due diligence and were defrauded. It's likely this was possible because Madoff's case was unusual in that he was a market maker and could actually forge trade records that a third party would authenticate as real. This would be similar to accusing a Treasury mint that...

Still finishing the book but it's very enjoyable. One thing to note for people who don't already know, this is more a biography than investment advice though investors ought to be interested. It really speaks of a sound approach to life and success, with anecdotes on sound investing. The...

Me too. It's worth noting I was using Firefox back when it was at 1% penetration too. I use four browsers and Chrome is still #2 after Firefox. Pros: It blows Firefox away in speed and resources, it's not even close. It actually works (unlike IE and sometimes Firefox). Cons: Some basic...

Agreed. WSJ alleges that anyone who asked "too many questions" was kicked out by Madoff. It would stand to reason that anyone who asked for their money back would be given a hard time. Both are actually consistent with how Madoff worked - it was a privilege for him to allow you to invest in...

I think Trendlover's observation is spot on. Otherwise it's just too inefficient and roundabout, against human nature. OP did have specific new information about the SEC which turned out to be true. 1999 WSJ articles only mentioned accusations made, not SEC's action (and subsequent lack...