Did Bernie Madoff Steal Your Money?

What on earth is all this fuzz about? Our entire value system is based on deceit and lies and you are going to use Madoff as a scapegoat while the dude around the corner and in the UN, has his church, mosque, synagogue, temple - and hell knows what other little boys and girls club they invent to sell an afterlife insurance they cannot pay out; on top of it all, these dudes are all tax exempt!.

You people need to check the foundations on which you build a society. Madoff is the least of the wickedness out there. He didn't kill anyone. Good Grief people get your values straight.

The first paragraph of the SEC???s Introduction states, ???The mission of the U.S. Securities and Exchange Commission is to protect investors ???..

Will someone, please, tell me what they have done to protect the people that invested with the likes of Bayou Group LLC and Bernard L. Madoff???s stuff?

The SEC regulators have access to, are supposed to avail themselves of and act on information that investors would be considered insiders and prosecuted for having such access and information and acting on it. These are very regulators that are supposed to be our insiders and protect our interests but do not seem to expose or regulate the crooks. The SEC has been absolutely negligent and likely implicated in the Madoff fraud. Apparently they have not bothered to monitor Madoff???s activities and have even resisted investigating the many complaints received. Now they want to further perpetuate the fraud by ducking out and have the Bankruptcy Court take over to clean up this mess.

The Bankruptcy Court, looking for money to firstly fund the exorbitant lawyer???s fees, then huge accountant???s fees and then possibly court costs that will occur, will now punish the easily targeted honest investors that have acted in good faith and have been forced to comply with edicts imposed by the SEC regulators.

In their zeal to bring monies into the Bankruptcy Court, I would hope the Court will look to the negligent SEC regulators as individuals and to the agency as a whole as being financially liable. I don???t really think the Court has the guts to do it but if they did it would be much more appropriate than trying to rob investors that had the good sense realize there might be something wrong and get out before the collapse.

The biggest Ponzi scheme in the history of the world is what ???Social Security??? has become. When it finally goes broke, will the trustee in bankruptcy try to recover our Social Security benefits?

People ask what happened to the money. Isn't it obvious? It was paid out as dividends to investors--that is the nature of a Ponzi scheme. In fact, I would bet that many investors took out most of their earnings, which I have heard were between 10-12% annually. Thus, these investors got their money back so long as they were in the fund for between 10 and 8-1/3 years.

Sunnyboy, you should go to school for once in your life. Maybe that will help you overcome your problems. Or get off the drugs. That'll help too.

Tercep . . . China communist? What age did you come from? China lets its unsuccessful firms fail. The US? . . . with its state-owned enterprises (AIG, Fannie, Freddie etc etc plus the soon to be nationalised auto firms) . . . putting the little red book into practice? Yeah!

Madoff lost or stole $50 billion, but the big 3 get $50 billion for their Bail out, what's going on there, and GM factory just open in CHINA.... USA is doing business in some Communist country and the INS ask you if you are or took part of any communist's activity (ies) while taking your citizenship. !!! Where in the HELL are we going...
I am so disgusted that I don't feel sorry for any tax payer who are not paying their taxes. or robber stealing a bank...

Why does he still have a smurk on his face ?

I'm mostly concerned about how extreme the level of obliteration of the life and means of real people and the poor oversight of the FEDS and SEC. Two points. (Who and why?) 1) Why did the investigation of madoff in 2001 not end the Rape his organization had been ensuing over the years.. 2) Who continually got payments over and over throughout the years..50 billion$ goes somewhere..
Why can't we treat those who kill entire family fortune and means to exsist the same as Murderers who use weapons. The ony thing I see different is white collar Criminals are using pens instead of guns. PORT these Corporations and TRUSTS. Place these murderers of means in prison for life without release. Strip all assets and means of participants and associates.

Oye Ve!!!!!!!!!!!! Ithis story keeps getting better???... this epic Ponzi scheme of Madoff (Made-Off) continues to fascinate the world. ???.A true financial holocaust??? He managed to lose or steal 50 billion dollars, which can't be easy to do no matter how hard you try???.. with a busy looking stock-trading operation occupying the 19th floor, of his building???. and the computers and paperwork of Bernard L. Madoff Investment Securities (his name is on the door remember!) filled the 18th floor and on the 17th floor was Bernie Madoff's fraud center, occupied by another two dozen staff members but who must have been blinded by some sort of quantitative trading wizardry in order produce that mind-numbing 10-12%??? lol ???.It was called the "hedge fund" floor, where the scam was conceived??????.. and nobody else knew?????????????? .not the other 2 dozen employees who worked there?????? I smell rotten lox..I actually feel bad for Charles Ponzi ..Ponzi scammers will have to change their name to ???Madoff schemers???.and Mr.Ponzi will disappear into the federal prison files???.... in researching more about hedge funds I came across a few books that were also fascinating... Hedge Fund Trading Secrets Revealed by Robert Dorfman... and Confessions of a Street Addict by Jim Cramer....both these books take you on a great ride about hedge funds how they make and lose millions and expose many other scam practices in this game and Dorfman actually teaches his strategies.

Kirk Wright got 700 years for his hedge fund fraud so Madoff should get at least that.

OFF WITH HIS HEAD.

Tan Boon Tee, do some research - no big auditing firm sign off on Madoff's financial statements. It was a two-person operation in a strip mall in the suburbs, which since 1993 has been filing written statements with the AICPA saying that they don't DO audits. New York state doesn't require peer reviews of professional auditors, and this false statement to the AICPA prevented them from getting a random review at the national level.

Madoff cheated lots of people lots of money.

Not that long ago, the mighty Enron fell, disgraced by mismanagement and immoral manipulation. Auditor Anderson was dragged down, paying a very dear price for doing a shoddy job, and ended up in business closure.

Now this shameful Madoff fraud robs thousands of innocent investors by the millions worldwide. For years, the big auditing institutions signed off clean bills for Madoff???s firm, only to end up with billions of dollars vaporizing in thin air.

Don???t point fingers at anyone? No, this cannot be. There had been collusions, some professionals and managers just did not do their jobs properly. Thus, cover-ups after cover-ups, until the paper box could not contain the blazing fire in it any more.

DECEPTION is the game of human beings. Just look around to find out how many are still playing with this explosive fire globally.
(Tan Boon Tee)

The American Enterprise Institute and the Zionist Pig's ,will try to stick the average American Gentile into paying for their Greedy losses, mark my word.

Isn't nice to know that while GM is asking for BILLIONS in aide that GM OPENED A FACTORY IN CHINA on Dec. 17, 08 !!
I'm sure the funds will supplement that operation as well. (it is a 50/50 partnership with another China Company).

WAKE UP FOLKS!!!!
We are in such deep do-do you have no idea!!!
Since King Bush and his boys have led us down the road to ruin!
1.SEC asleep at the switch
2. Houseing has tanked
3. Credit markets Frozen
4. Credit swaps are mounting in excess of 148 trillion
5. The dollar is almost worthless
6. Wholesale fraud
7 Auto Makers almost broke
8 The Central Bank can print so much money....and worthless soon.
9 Oil will rise in 3-6 months to 70-100 brl
10 We are not in a recession but a full blown DEPRESSION
Hang on cause it's gonna get real ugly soon!!!! Why?
Just think....starting this month in excess of 250,000 auto works and suppliers will join the unemployed....a disaster!!!

Sounds like more "trickle down economics", austin c. Unfortunately, you are probably correct. The good stuff does not trickle down, but bs always flows downhill.