Cool thread. Shame on the mods fir editing the thread title though. What were they thinking?
ET Post from THREE YEARS AGO was: SEC investigating MADOFF FINANCIAL?
- Thread starter trademonster
- Start date
I'm surprised the old goat did not take a 1 way ticket to a certain middle eastern country that can never be named publicly.
After all, he's already transferred the bulk of his wealth there.
Some one posted Ira rennerts house on another thread. He's another scumbag. A parasite of a higher order than "made-off".
Wall st.is hounded with parasites in expensive suits and forced nasal accents. The guys who control the music to the musical chairs called "the market".
After all, he's already transferred the bulk of his wealth there.
Some one posted Ira rennerts house on another thread. He's another scumbag. A parasite of a higher order than "made-off".
Wall st.is hounded with parasites in expensive suits and forced nasal accents. The guys who control the music to the musical chairs called "the market".
The Philoctetes Center, which produced the video of the event where Bernie is shown talking about his integrity and the impossibilty of fraud (http://philoctetes.org/Home/), has announced that they have been financially ruined by his lack of integrity and the fraud he perpetrated.
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 their pitch was based on emotion than logic. There's a kind of high school theatrics about this, where they use popularity and peer pressure to make you pretend like nothing is wrong. You really see the same with Madoff's sales, where the numbers are just for show and it actually comes down to "Don't you trust us?"
Why give that asshole 20 years & that rather pathetic possible $5m fine, just execute him & set an example for others 
After this, who the hell is going to trust financial institutions with their life savings? More wood in the fire. The SEC couldn't have not known.
Makes you wonder how many others are covering up their tracks?
P.S. He couldn't have been the only one 'in the know', all others ought to be prosecuted & jailed for not disclosing illegal activities.
After this, who the hell is going to trust financial institutions with their life savings? More wood in the fire. The SEC couldn't have not known.
Makes you wonder how many others are covering up their tracks?
P.S. He couldn't have been the only one 'in the know', all others ought to be prosecuted & jailed for not disclosing illegal activities.
tradersboredom
Guest
the guy was doing 'DUE DILIGENCE' and 'RESEARCH' with is life saving and millino dollar investment.
this madoff guy gave out fake bank statements etc.
this madoff guy gave out fake bank statements etc.
Quote from lemeeeplay:
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.
Bernie's golf scores... Look familiar? Not only was he a crook on Wall St but he was apparently a golf cheat too...he would make a great case study for sociopathic behavior.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2222211>
http://clusterstock.alleyinsider.com/2008/12/madoffs-golf-scores-eerily-consistent
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2222211>
http://clusterstock.alleyinsider.com/2008/12/madoffs-golf-scores-eerily-consistent
Where and when did this happen?
Just got this in email.
ATTENTION HEDGE FUND INVESTORS AND SECURITIES FRAUD VICTIMS OF BERNARD L. MADOFF INVESTMENT SECURITIES, LLC
Have you or your company invested in a Hedge Fund that failed to perform its due diligence before investing with Bernard L. Madoff Investment Securities, LLC?
If so, you may have a claim for monetary damages against your Hedge Fund manager. To preserve your chances of recovering money, you should retain counsel quickly and press an aggressive Plan of Action.
Contact Us. We can help.
On Thursday, December 11, 2008, the Securities and Exchange Commission (âSECâ) charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC (collectively âMadoffâ), with securities fraud in a multi-billion dollar Ponzi scheme perpetrated on Madoffâs clients. Madoffâs clients include several Hedge Fund management companies, including Fairfield Greenwich Group (manager of Fairfield Sentry Fund), Kingate Management (manager of Kingate Global Fund), Pioneer Investments (manager of Primeo Select Hedge Fund), Bramdean Alternatives, Ltd., Fix Asset Management, Tremont Group, Man Group, Reichmuth & Co. (manager of Reichmuth Matterhorn Fund), and Optimal Multiadvisors Ireland Plc (manager of Optimal Strategic Fund). Many of these Hedge Fund management companies, including Fairfield Greenwich, Kingate Management and Tremont Group, hired Madoff as a âsub-advisorâ to manage the assets in the Hedge Funds without asking any questions as to how Madoff regularly generated such handsome returns. While these companies hired Madoff as a sub-advisor, they continued to receive a cut of the performance and management fees.
The SECâs complaint alleges that Madoff recently informed two senior employees that his investment advisory business was a fraud. Madoff told these employees that he was âfinished,â that he had âabsolutely nothing,â that âitâs all just one big lie,â and that it was âbasically, a giant Ponzi scheme.â The senior employees understood him to be saying that he had for years been paying returns to certain investors out of the principal received from other investors. Madoff admitted in this conversation that the firm was insolvent and had been for years, and that he estimated the losses from this fraud were at least $50 billion.
Your Hedge Fund Managerâs Duty to Perform Due Diligence
When you invest in a Hedge Fund, you rely on your Hedge Fund professional to perform intelligent due diligence before your money is invested. If you are an investor in a Hedge Fund that sustained losses as a result of the Ponzi scheme perpetrated by Bernard L. Madoff Investment Securities, LLC, then you may have a claim against your Hedge Fund manager as a result of its negligence in failing to perform the appropriate due diligence before investing your money with Madoff.
A Hedge Fund managerâs due diligence (prior to investing your money in another Hedge Fund) entails performing an in-detail review of the Hedge Fundâs activity in order to ensure ultimately that the Fund is in compliance with its prospectus. As part of its due diligence, a manager typically looks into: (a) a snapshot of the Fund (i.e, how the Fund performed at certain discrete time intervals), (b) the disclosed investment strategy, (c) the historical returns of the fund, (d) the assets under management by the fund (i.e., the funds portfolio), (e) audited financial statements of the Fund, (f) the Fundâs terms and details, (g) the Fundâs regulatory registration information, (h) the disclosed risk factors of the Fund, and (i) a valuation of the Fund.
If you believe youâve been the victim of your Hedge Fund managerâs failure to conduct due diligence prior to investing your money with Madoff, please contact Frier & Levitt, LLC for a free initial consultation.
Who Is Frier & Levitt And
What Can Frier & Levitt Do To Help Me?
Frier & Levitt, LLC is a law firm that successfully represents investors in individual and class action lawsuits and arbitrations before the Financial Industry Regulatory Authority (âFINRAâ).
At Frier & Levitt, LLC, it is our goal to provide you with superior legal representation and personal attention. Upon engaging us, we will immediately devise and begin to implement the most expeditious and cost-effective strategy to get back your hard-earned dollars. We will keep you informed every step of the way as we work together to achieve success.
While Frier & Levitt, LLC is based in Northern New Jersey and New York, our experienced attorneys are licensed to practice law in multiple jurisdictions throughout the United States. Our New York office is in proximity to the FINRA headquarters and many major New York Stock Exchange (âNYSEâ) member firms. Our success in litigating and arbitrating customer disputes against member firms has earned us their respect. This has proven very helpful in obtaining fast and successful results on behalf of our clients.
Frier & Levitt, LLC welcomes the opportunity to serve you.
For more information about Madoffâs Ponzi scheme, your Hedge Fund managerâs duty to conduct due diligence, and securities fraud, generally, or to discuss how Frier & Levitt, LLC can assist you in obtaining legal relief against Madoff and/or your Hedge Fund professional, please feel free to call us at (973) 535-1660, or toll-free at (888) LEVITT1 (i.e., 888-538-4881).:eek:
ATTENTION HEDGE FUND INVESTORS AND SECURITIES FRAUD VICTIMS OF BERNARD L. MADOFF INVESTMENT SECURITIES, LLC
Have you or your company invested in a Hedge Fund that failed to perform its due diligence before investing with Bernard L. Madoff Investment Securities, LLC?
If so, you may have a claim for monetary damages against your Hedge Fund manager. To preserve your chances of recovering money, you should retain counsel quickly and press an aggressive Plan of Action.
Contact Us. We can help.
On Thursday, December 11, 2008, the Securities and Exchange Commission (âSECâ) charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC (collectively âMadoffâ), with securities fraud in a multi-billion dollar Ponzi scheme perpetrated on Madoffâs clients. Madoffâs clients include several Hedge Fund management companies, including Fairfield Greenwich Group (manager of Fairfield Sentry Fund), Kingate Management (manager of Kingate Global Fund), Pioneer Investments (manager of Primeo Select Hedge Fund), Bramdean Alternatives, Ltd., Fix Asset Management, Tremont Group, Man Group, Reichmuth & Co. (manager of Reichmuth Matterhorn Fund), and Optimal Multiadvisors Ireland Plc (manager of Optimal Strategic Fund). Many of these Hedge Fund management companies, including Fairfield Greenwich, Kingate Management and Tremont Group, hired Madoff as a âsub-advisorâ to manage the assets in the Hedge Funds without asking any questions as to how Madoff regularly generated such handsome returns. While these companies hired Madoff as a sub-advisor, they continued to receive a cut of the performance and management fees.
The SECâs complaint alleges that Madoff recently informed two senior employees that his investment advisory business was a fraud. Madoff told these employees that he was âfinished,â that he had âabsolutely nothing,â that âitâs all just one big lie,â and that it was âbasically, a giant Ponzi scheme.â The senior employees understood him to be saying that he had for years been paying returns to certain investors out of the principal received from other investors. Madoff admitted in this conversation that the firm was insolvent and had been for years, and that he estimated the losses from this fraud were at least $50 billion.
Your Hedge Fund Managerâs Duty to Perform Due Diligence
When you invest in a Hedge Fund, you rely on your Hedge Fund professional to perform intelligent due diligence before your money is invested. If you are an investor in a Hedge Fund that sustained losses as a result of the Ponzi scheme perpetrated by Bernard L. Madoff Investment Securities, LLC, then you may have a claim against your Hedge Fund manager as a result of its negligence in failing to perform the appropriate due diligence before investing your money with Madoff.
A Hedge Fund managerâs due diligence (prior to investing your money in another Hedge Fund) entails performing an in-detail review of the Hedge Fundâs activity in order to ensure ultimately that the Fund is in compliance with its prospectus. As part of its due diligence, a manager typically looks into: (a) a snapshot of the Fund (i.e, how the Fund performed at certain discrete time intervals), (b) the disclosed investment strategy, (c) the historical returns of the fund, (d) the assets under management by the fund (i.e., the funds portfolio), (e) audited financial statements of the Fund, (f) the Fundâs terms and details, (g) the Fundâs regulatory registration information, (h) the disclosed risk factors of the Fund, and (i) a valuation of the Fund.
If you believe youâve been the victim of your Hedge Fund managerâs failure to conduct due diligence prior to investing your money with Madoff, please contact Frier & Levitt, LLC for a free initial consultation.
Who Is Frier & Levitt And
What Can Frier & Levitt Do To Help Me?
Frier & Levitt, LLC is a law firm that successfully represents investors in individual and class action lawsuits and arbitrations before the Financial Industry Regulatory Authority (âFINRAâ).
At Frier & Levitt, LLC, it is our goal to provide you with superior legal representation and personal attention. Upon engaging us, we will immediately devise and begin to implement the most expeditious and cost-effective strategy to get back your hard-earned dollars. We will keep you informed every step of the way as we work together to achieve success.
While Frier & Levitt, LLC is based in Northern New Jersey and New York, our experienced attorneys are licensed to practice law in multiple jurisdictions throughout the United States. Our New York office is in proximity to the FINRA headquarters and many major New York Stock Exchange (âNYSEâ) member firms. Our success in litigating and arbitrating customer disputes against member firms has earned us their respect. This has proven very helpful in obtaining fast and successful results on behalf of our clients.
Frier & Levitt, LLC welcomes the opportunity to serve you.
For more information about Madoffâs Ponzi scheme, your Hedge Fund managerâs duty to conduct due diligence, and securities fraud, generally, or to discuss how Frier & Levitt, LLC can assist you in obtaining legal relief against Madoff and/or your Hedge Fund professional, please feel free to call us at (973) 535-1660, or toll-free at (888) LEVITT1 (i.e., 888-538-4881).:eek: