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ET Post from THREE YEARS AGO was: SEC investigating MADOFF FINANCIAL?
- Thread starter trademonster
- Start date
Quote from Sushi:
Yes. Company was idea 3 year ago. Maybe was going to launch but did not. Trial balloon. Post was nothing new. Wall journal had article on ponzy madof in 1999. Million search madof now monster come up in search. Attach to current hot topic in field. Gorilla market rule 3.
So you are saying op (trademonster) use a news of madoff ponzi scheme (that he is not involved with) to attract people? Now people of ET will remember the name (trademonster) and relate to someone who was concerned with possible ponzi scam, and think of trademonster op as honest person. Then people will trust him...and trust his company to give business to?
Hmm?, so trademonster thought it was possible for madoff to be caught soon, so he post on ET to make himself and his business look good?
Congrats for getting your $$ back!Quote from trademonster:
I am NOT a whistleblower or trying to create a paper trail. I actually had some significant money invested with Madoff when I heard this rumor. I was just concerned and I wanted to see if other people knew about the investigation. Fortunately, I got all my money out of Madoff in 2006. Madoff and his people at first refused to return the money and eventually became very rude in doing so.
Well, for all those who insulted me on this thread, you can kiss my A** and I told you so.
Very interesting that you posted here--unfortunately this site is full of cynical, jealous people--hence the idiotic responses to your original post.
Would love to hear more regarding your attempted withdrawal of funds and their subsequent rudeness. Did you have to threaten them with a lawyer? Anyway, I suppose you already have closure and will not come back here. Again, many congrats on avoiding potential disaster!
Quote from Sushi:
Yes. Company was idea 3 year ago. Maybe was going to launch but did not. Trial balloon. Post was nothing new. Wall journal had article on ponzy madof in 1999. Million search madof now monster come up in search. Attach to current hot topic in field. Gorilla market rule 3.
I think Trendlover's observation is spot on. Otherwise it's just too inefficient and roundabout, against human nature.
OP did have specific new information about the SEC which turned out to be true. 1999 WSJ articles only mentioned accusations made, not SEC's action (and subsequent lack thereof).
Lots of business people post here, not a big surprise. If I registered a company called BDiego three years later, the least plausible explanation would be that "finally, one quarter of my ridiculously circuitous plan is now complete." Props to anyone who knows where that quote comes from. =)
Quote from B. Rowshan:
Congrats for getting your $$ back!
Very interesting that you posted here--unfortunately this site is full of cynical, jealous people--hence the idiotic responses to your original post.
Would love to hear more regarding your attempted withdrawal of funds and their subsequent rudeness. Did you have to threaten them with a lawyer? Anyway, I suppose you already have closure and will not come back here. Again, many congrats on avoiding potential disaster!
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 him. In retrospect, this was obviously intended to make you more afraid of losing out on the opportunity than losing money.
Madoff sold to people by having a trusted and high profile fish mention casually how exclusive and profitable investing with Madoff is - "but I can probably get you in". Like most scam artists, you're treated nice and well until you start catching on - then you're an asshole.
Remarkable how even smart people can be bullied like children once greed enters the picture.
Yes, I was lucky to be able to get all my money out but I know many people who will be hurt badly by this blow up.
Well, this is what happened. Back in 2005, I made an official request to close my account and withdraw all my funds at the end of the quarter. The reason I gave them was that I wanted to put my money in Treasury bills or money market fund. But the real reason why I wanted to close my account was that I smelled something fishy at Madoff. I poured over various trade confirmations that they gave me and I just could not understand how they made their money. What made it more suspicious was the consistency of their returns no matter what the market did. Maybe they did have a magical formula that made them do this, but I was just too uncomfortable.
When I submitted my request, I got a call from Mr. Madoff himself. Mind you, I only met him once when I first invested with the company and usually dealt with his son or his other cronies. He asked me what I was going to invest in and I told him I might just keep it in a safer investment for a while. He kept probing and probing so finally I told him respectfully that it was my business what I did with my money after I was done with him. He got very agitated and called me an idiot and mentioned that there were people who stood in line just to invest with him.
Well, that's the gist of it.
Well, this is what happened. Back in 2005, I made an official request to close my account and withdraw all my funds at the end of the quarter. The reason I gave them was that I wanted to put my money in Treasury bills or money market fund. But the real reason why I wanted to close my account was that I smelled something fishy at Madoff. I poured over various trade confirmations that they gave me and I just could not understand how they made their money. What made it more suspicious was the consistency of their returns no matter what the market did. Maybe they did have a magical formula that made them do this, but I was just too uncomfortable.
When I submitted my request, I got a call from Mr. Madoff himself. Mind you, I only met him once when I first invested with the company and usually dealt with his son or his other cronies. He asked me what I was going to invest in and I told him I might just keep it in a safer investment for a while. He kept probing and probing so finally I told him respectfully that it was my business what I did with my money after I was done with him. He got very agitated and called me an idiot and mentioned that there were people who stood in line just to invest with him.
Well, that's the gist of it.
Quote from Sushi:
He jus promoting www.trademonster.com in a gorilla marketing manner. Google search millions for madoof. Find trade monster and voilà '. Free advertising. Peeps will do anything
Sushi - You are a completely idiot. I have nothing to do with that company. In fact, I didn't even know the company existed before you mentioned it.
Instead of accusing people of stupid plots, get a life you moron.
Quote from trademonster:
He got very agitated and called me an idiot and mentioned that there were people who stood in line just to invest with him.
this resembles the behavior of Jeff Skilling of Enron and Jim Jones of Jonestown. all this unjustified anger could be used as a future warning sign