Made Off Wit Da' Money

 
Thread Tools Search this Thread Display Modes
Old 06-30-2009, 07:23 AM   #1
Pro
 
PGD's Avatar
 
Trade: Doorfitter
Join Date: May 2009
Location: Glendora California
Posts: 669
Red face

Made Off Wit Da' Money


I was reading an article about this Bernie Madoff guy and all the Money he stole from some 1,400 investors which for some reason mostly Jewish business people. What strikes me about this article (assuming I understood it correctly) is that their was some 165 Billion dollars swindled!

Nuts how much money just 1,400 investors had to invest in Madoff Money Manager, I know their were Big firms in their too but still, 165 BILLION! The other thing I read was that most of his investors knew something was up, it was by invitation only and some were told that Madoff was exploiting a loop hole in the system and generating these Guaranteed returns by manipulating the market.

I say If they Knew that the Money was being made from a loophole, they deserve to lose their money and not get it all back! These people thought they were getting a deal exclusively for Jews and Jewish friendly businesses. I'm sure their are many people that made some money from all this and knew when to pull out.

I hope the Madoff Wife (an accountant for some years) and their sons get some time behind bars too, regardless what Madoff said during his trial, theirs NO way he acted alone. this guy enjoyed several decades as a multi millionaire and now get the rest of his life (maybe 10 years) behind bars in a federal prison, and his family get to keep some money, kind of a sweet deal for him.... almost worth doing over again.

PGD is offline  
Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

Old 07-03-2009, 02:01 AM   #2
Pro
 
PGD's Avatar
 
Trade: Doorfitter
Join Date: May 2009
Location: Glendora California
Posts: 669

Re: Made Off Wit Da' Money


Feds seize Madoff penthouse wife has to pack up.
PGD is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Money Management.. CScalf Business 14 07-10-2009 08:29 AM
Don't Spend Money on your Marketing, Invest it J. Sullivan Marketing & Sales 4 04-04-2009 01:17 AM
Hand made safety gear Menzi Off Topic (Non Trade) 6 12-22-2008 11:45 PM
Economic facts made me think more positive MikeGC Business 1 12-22-2008 10:39 AM
American Made wallmaxx Tools & Equipment 13 11-24-2008 06:16 PM

Join Now... It's Fast and FREE!

Privacy Badge
I am a professional contractor
I am a DIY Homeowner
ContractorTalk.com is for
PROFESSIONAL CONTRACTORS ONLY!

At ContractorTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?