Madoff story smells funny...

it is a big deal!

wall street insiders or mutual funds don't want it to be a big deal.

why do you think it's been under the radar for so long.

it hurts everybody's 'business' when there is a rotten apple in the bag



Quote from athlonmank8:

Didn't some of these institutions use these "assets" as a basis for margin?

I don't see why this hasn't become a bigger deal.
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the investors of madoff bogus fund were also potential investors of the stock market or cash on the sideline, well you know 50 billion of cash or liquidity just evaporated from the market in just three days.




Quote from athlonmank8:

Didn't some of these institutions use these "assets" as a basis for margin?

I don't see why this hasn't become a bigger deal.
More...
 
I really doubt that his family didn't know. I think hes taking the fall, since he is old, whats 20 years in jail he will probably die before that. He lived his life, and is 70. He's taking the fall, probably a lot of money disappeared into his familys holdings.
 
Eventually my plan for a death penalty for this sort of crime will be enacted.

But not before you idiots are wiped out.
 
Quote from Kalparker:

Hell it worked in China, steal and your executed. How many scams are coming from China close to none.
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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.
 
cant believe this asshole got bail

would be so easy for this guy to have assets stashed all over the place, with a very complex excape plan, full of alternatives 'ready to go' - 50 billion can pay for a lot of heads to be turned the other way at the right time

he shouldnt have screwed other jews though, there goes his asylem in Israel, where a lot of these guys escape to
 
Quote from swtrader:

cant believe this asshole got bail

would be so easy for this guy to have assets stashed all over the place, with a very complex excape plan, full of alternatives 'ready to go' - 50 billion can pay for a lot of heads to be turned the other way at the right time

he shouldnt have screwed other jews though, there goes his asylem in Israel, where a lot of these guys escape to
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Israel is a risky place to live.
 
i bet this guy has identities and maintained 'sleeper' homes all over the world 'Mr Kaplan' like in Hitchcock's 'North by Northwest', or 'Randall Stevens' like in 'shawshank redemption'

non existent people socked away all over the world, just waiting for him to assume their identity - it would be so easy to do, in areas with vacation homes where people dont stay year round

get a little plastic surgury for that beak of his, and he's set

i still say he really screwed himself screwing over other jews

it's going to be a lot more awkward encountering jews in his hiding places, those who would have looked the other way are now out to get him - he's 'on the outs' with the tribe, he should have thought about how protective/vindictive they are
 
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