ET Post from THREE YEARS AGO was: SEC investigating MADOFF FINANCIAL?

[RetailBuilder]

Quote from marketsurfer:

anyone snag this?

removed by "user"

surf

I logged on earlier today and am watching it now. Madoff makes many comments about his honesty and integrity that now look very outrageous and deplorable.

I know of no way for me to save this once I am finished with it.

The YouTube user in whose account the video was located is:

http://www.youtube.com/user/philoctetesctr

Their homepage is:

http://philoctetes.org/Home/

 

[Renegen]

I never tried but there are a lot of these youtube downloaders available.

 

[trendlover]

http://clusterstock.alleyinsider.co...f-was-cheating--thats-why-i-invested-with-him

 

[jjm]

Nice job RetailBuilder the video is at that site
http://philoctetes.org/Past_Programs/The_Future_of_the_Stock_Market

 

[TGregg]

I unstuck the thread since most everybody has picked up on this.

 

[trendlover]

Quote from TGregg:

I unstuck the thread since most everybody has picked up on this.

What does this mean? Can you explain please?

 

[JSSPMK]

Quote from zato:

Three years ago, someone close to Madoff knew about the fraud and posted this bogus rumor.

Makes a lot more sense than Spitzer or the SEC doing nothing. Any meaningful examination would have revealed the fraud. 6 month delay I can believe. 3 years? No one is that incompetent

They turn their backs until the time it becomes unsustainable, pure 100% bureaucracy. Same happening over at CFTC, as they struggle to investigate a possible case/s of manipulation of silver market, when they have to simply explain why is JPM allowed to hold such a huge short position.

 

[slacker]

How did a fund this large avoid SEC intervention? Who was the accounting firm that did the books?

 

[lemeeeplay]

Quote from trademonster:

I've heard that SEC is going to shut down Madoff financial and all of their hedge funds for SEC violations. Can anyone confirm this?

All I can say is WOW. This makes me question the motivation of the original poster that started this thread 3 years ago.

I bet the poster was either a whistle blower or someone trying to create a paper trail, like in a crime thriller. Here is how I see it: the protagonist was being followed and stalked in Switzerland by men in blacks (hired by Madoff), for having inside knowledge and decided to create a paper trail in case they whacked him.

But seriously, I hope trademonster is okay.

 

[bdiego]

Look, the OP had good info but he was 6 years late. People have been calling out Madoff for 9 years and people ignored this the same way they ignored the OP.

I'll quote page A7 of the Weekend Edition of the Wall Street Journal today Dec 13-14).

"Mr. Markopolos, who years ago worked for a rival firm, researched the strategy and was convinced the results likely weren't real. 'Madoff Securities is the world's largest Ponzi scheme', Mr. Markopolos wrote in a letter to the SEC." THAT WAS IN 1999.

"Mr. Markopolos pursued his accusations over the past nine years [with the SEC]" The WSJ has reviewed these documents, and the SEC had no comment.

Like OP this is my very first post. But go out and buy the WSJ or look at wsj.com if you don't believe this.