|
|
Thread Tools | Search this Thread | Display Modes |
|
|
#1 |
|
Pro
Trade: Doorfitter
Join Date: May 2009
Location: Glendora California
Posts: 669
|
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. |
|
|
|
![]() |
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
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 |
| Go to Page... |
