Epic Fraud Uncovered-Schadenfreude Runs Wild

[del]

my heart bleeds.

"Some of America’s wealthiest socialites were facing ruin last night after the arrest of a Wall Street big hitter accused of the largest investor swindle perpetrated by one man.

Shock and panic spread through the country clubs of Palm Beach and Long Island after Bernard Madoff, a trading powerbroker for more than four decades, allegedly confessed to a fraud that will cost his wealthy investors at least $50 billion – perhaps the largest swindle in Wall Street history."

perhaps? damn.

$50 billion at stake after Wall St broker Bernard Madoff is arrested over ‘world’s biggest swindle’ - Times Online

 

[dilloduck]

my heart bleeds.

"Some of America’s wealthiest socialites were facing ruin last night after the arrest of a Wall Street big hitter accused of the largest investor swindle perpetrated by one man.

Shock and panic spread through the country clubs of Palm Beach and Long Island after Bernard Madoff, a trading powerbroker for more than four decades, allegedly confessed to a fraud that will cost his wealthy investors at least $50 billion – perhaps the largest swindle in Wall Street history."

perhaps? damn.

$50 billion at stake after Wall St broker Bernard Madoff is arrested over ‘world’s biggest swindle’ - Times Online

Pity--I wonder if there will be a domino effect and catch the whole lot of them.

 

[del]

Pity--I wonder if there will be a domino effect and catch the whole lot of them.

one never knows, do one?
will there be strings of polo ponies on ebay?

 

[dilloduck]

one never knows, do one?
will there be strings of polo ponies on ebay?

maybe cries for more bailouts ?

 

[catzmeow]

Karma is SUCH a bitch.

 

[Mad Scientist]

Ya know, some on the left are using this as a reason SS should never be privatized.
I'd still prefer to trust my retirement portfolio with the stock market than to the chuckleheads on Capitol Hill anyday.

 

[random3434]

my heart bleeds.

"Some of America’s wealthiest socialites were facing ruin last night after the arrest of a Wall Street big hitter accused of the largest investor swindle perpetrated by one man.

Shock and panic spread through the country clubs of Palm Beach and Long Island after Bernard Madoff, a trading powerbroker for more than four decades, allegedly confessed to a fraud that will cost his wealthy investors at least $50 billion – perhaps the largest swindle in Wall Street history."

perhaps? damn.

$50 billion at stake after Wall St broker Bernard Madoff is arrested over ‘world’s biggest swindle’ - Times Online

Uh, please tell me he's not going to get a bailout too!

 

[Chris]

Ya know, some on the left are using this as a reason SS should never be privatized.
I'd still prefer to trust my retirement portfolio with the stock market than to the chuckleheads on Capitol Hill anyday.

You are an idiot.

We can fire the chuckleheads on Capitol Hill anytime we want to.

 

[del]

Ya know, some on the left are using this as a reason SS should never be privatized.
I'd still prefer to trust my retirement portfolio with the stock market than to the chuckleheads on Capitol Hill anyday.

sure, they're just as honest as your average member of congress.

 

[del]

Uh, please tell me he's not going to get a bailout too!

he'll make bail i suspect. is that what you meant?

 

[editec]

A whole lot of innocent people and at least one non-profit are wiped out

People who didn't even KNOW that their money was being invested with him, got wiped out, in fact.

It's a damned shame.

Sounds to me like this swindler needs a good hanging.

 

[Chris]

What happened to the $50 billion dollars?

 

[RodISHI]

Cheney indicted for prison profiteering in Texas

GEO Group Accused of Falsifying Documents at NW Detention Center As Attacks Continue
Wednesday, October 01 2008 @ 05:47


The GEO Group, Inc. Q3 2008

Includes these companies and their subsidairies:

Scopia Capital
Cowen Asset Management
Cirius
North Star Partners
Inside Investments
Barclays Capital
First Analysis Securities Corporation
Banc of America Securities, LLC
Avondale Partners, LLC

 

[DavidS]

What happened to the $50 billion dollars?

It was paper money. Wiped out. Gone. If I had $100 million in stocks with this guy, it vanished. Can you imagine losing $100 million because of this?