05 February 2009
Full Madoff Client List; Includes Sandy Koufax and Madoff’s Own Attorney Ira Sorkin, Peter, Mark and Andrew!
Among the thousands of others named were Madoff’s family members, including his sons, Mark and Andrew, and his brother, Peter. The Manhattan offices of Bernard L. Madoff Investment Securities LLC was declared a crime scene after the veteran inves...
16 December 2008
A full report on Bernard L. Madoff Investment Securities Ponzi scheme: GREED and STUPIDITY!
I agree and I call it GREED and STUPIDITY… who in the hell in their right imnd thinks that a money manager can return 8% to 12% per year…even when the market goes to hell in a handbasket…even in the era of 1974…come on!!! I reca...
15 December 2008
Reason behind $50B Bernard Madoff's Ponzi Scheme!
A Ponzi Scheme is fairly simple to understand. There are no underlying assets. Instead, the investment from new investors is used to pay off old investors. This could also be the final nail in the coffin in the hedge fund “industry” as anyo...
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