Suit against Picower (Madoff fraud's largest profiteers)

madoff investors getting 40% of their money back plus 60% loss is tax deductbile.

in wall street most pump and dump investment fraud get less than 10% back or worse nothing for individual stocks if the company goe bankrupt.. bagholders of worthless stocks get 0 back. at least madoff investors get back 40%.

wall street crooks are worse than a ponzi scheme. selling worthles stocks and worthless bonds.

Quote from 1prometheus:

http://s3.amazonaws.com/propublica/assets/docs/picower/PicardvPicowerComplaint.pdf


It appears to me there is rock solid evidence Picower was in on the fraud (Back-dated trades in brand new accounts, for example).

Good insight on how the top level international financial criminals operate.
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