Madoff never bought one share of stock

Discussion in 'Current Events' started by Chris, Feb 20, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- Investors allegedly swindled in the largest Ponzi scheme in history reacted furiously when they learned Friday that Bernard Madoff didn't put any of their money into securities for at least 13 years.

    Several hundred of the 2,350 Madoff creditors gathered at the U.S. Bankruptcy Court in Manhattan to learn about the status of their claims and to revile the man accused of stealing their life savings.

    Irving Picard, the court-appointed trustee for the liquidation of Madoff's assets, told the crowd of angry investors that investigators, in their search of at least 7,000 boxes of financial documents, "found no evidence to suggest that securities were purchased for customer accounts."

    Burned investors sound off on Madoff, and the SEC - Feb. 20, 2009
     
  2. manu1959
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    manu1959 Left Coast Isolationist

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    and the best part ......if you made more than you invested you get to give it back......
     
  3. xsited1
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    xsited1 Agent P

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    I find it unbelievable that a governmental agency didn't do their job.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    Fry this SOB already. I'm tired of hearing about him.
     
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  5. manu1959
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    manu1959 Left Coast Isolationist

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    yes guilty.....no trial ...no jury....just take him out back ....hey wait...we can send him to gitmo.....
     
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  6. DiveCon
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    DiveCon gone

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    how liberal of you
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    For the last effing time, I'M NOT A FUCKING LIBERAL!
     
  8. DavidS
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    DavidS Anti-Tea Party Member

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    You know, Madoff DOES look a bit Afghani....
     
  9. DiveCon
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    yeah, uh huh, sure thing
     
  10. editec
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    editec Mr. Forgot-it-All

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    Astounding!

    Haven't we been informed that the SEC investigated Madoff in the early 90's? And were we not infomred that at that time the SEC didn't find any problems with his books?

    If that is true how could they POSSIBLY have failed to notice that he was NOT buying and selling stocks?

    This simply does NOT make sense.

    Either he was investigated, and if we was, he must have had at least SOME stocks, or he was not investigated.

    It cannot possibly be both.
     
    Last edited: Feb 21, 2009

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