Comments on: The Man Who Figured Out Madoff's Scheme
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- mymimi @2014, You wrote, "I have sent to governmanet officials regarding the greed and misspending of "taxpayers money" by the Native American tribe that I belong to. It seems like the government doesn't want to take responsibility."
Look, government isn't the solution, it's the problem. It engages in extraordinary rendition, it murders and tortures the innocent, it distributes drugs/guns to the vulnerable, it creates slumm communities, it spies on and harrasses its citizens and for greed, it invents a war (fear/terror), which is totally anti-Biblical instructions. It, my friend, as the beast of Daniel 7, is standing on feet of clay.
I bid you, peace! - Reply to this comment
- Look, only four observations, Steve:
1) During the eight year ruined tyrannous Bush Administration, every self-serving agency was greedy, criminally and materialistically driven, therefore intellectually and morally failed to serve and carry out its designated duties to the US public.
2) Even the Enron/Price Waterhouse scandal, the SEC sat on its hands. These people might have never been brought to justice had it not been for an inside whistle blower.
3) The old guard of the SEC must be brought to justice, as well. Mr. Markopolos gave them the case; for six years they failed to investigate and for three years they failed to act. The majority of its employees are lawyers and lawyers can?t recognize a case, when it?s put on their desks? Appalling! This is a complete duplicate of 05 FEMA failures. What colossal ineptness!
4) Your line of questioning made you appear empathetic toward the SEC, At times; you implied this sweet Grecian had an ulterior motive for exposing this gangster, Maddoff.
The report is good, the information is priceless. Thank you. - Reply to this comment
- I cannot feel any sorrow for those who lost their money with Mr. Madoff. I feel sorry for Mr. Markopolos. And my heart goes out to Mr. Markopolos.
My business partner and I tried for over seven years to get the US Attorney General?s office to file a RICO case. They did agreed to file the case for us.
Our case eventually was brought to the attention of Mr. Viet Dhin, who was a member of then US Attorney General John Ashcroft?s office.
After talking with Mr. Dhin, we were contacted by the FBI agent we had been dealing with. He asked us very pointed questions about one of the accused in our RICO case.
After that, our case died.
Seems the accused was up for a Federal appointment.
We were given every government employee excuse one could imagine. The crimes ranged from: Insurance Fraud, Mail Crimes, violation of a Federal Court Injunction and Civil Rights violations, to name a few.
So the lesson is this: You can lead the Department of Justice to crime, but you can?t make them prosecute.
Sorry for my earlier post with the mistakes, but I still get angry when I write about this. - Reply to this comment
- I cannot feel any sorrow for those who lost their money with Mr. Madoff. I feel sorry for Mr. Markopolos. And my heart goes out to Mr. Markopolos.
My business partner and I tried for over seven years to get the US Attorney General?s office to files a RICO case. They agreed to file the case for us. Our case eventually was brought to the attention of Mr. Viet Dhin, who was a member of then US Attorney General John Ashcroft.
After talking with Mr. Dhin, we were contacted by the FBI agent were had been dealing with. He asked us very pointed questions about one of the accused in our RICO case.
After that, our case died.
We were given every government employee excuse one could imagine. The crimes ranged from: Insurance Fraud, Mail Crimes, violation of a Federal Court Injunction and Civil Rights violations, to name a few.
So the lesson is this: You can lead the Department of Justice to crime, but you can?t make them prosecute. - Reply to this comment
- Thank you 60 minutes for putting the episodes on here!!! In fact, I was watching tonight and got interrupted in the middle of the show. I was pleased to find that the episode was on here same day! CBS is great. Thank You CBS, and thank you to the advertisers for supporting CBS.
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- I certainly hope (and think) the new Administration will revamp the SEC to preclude any further instances of Madoff-ism, though, of course, simple and grandiose greed always will be around. Also, why shouldn't Madoff investers since Harry Markopolos first blew his whistle be eleigible for a government bailout? If the overal aim is to re-invigorate investing in America, these were some of the largest investors, and they need their money back. If AIG's customers are protected, why not Madoff's?
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- This story reminds me of the many, many letters that I have sent to governmanet officials regarding the greed and misspending of "taxpayers money" by the Native American tribe that I belong to. It seems like the government doesn't want to take responsibility. I feel that I'm not going to give up, just like the person in this story, and maybe SOME DAY my story might get attention. I fear retaliation and disenrollment for speaking up but this is what the greedy people in control would like. I pray that some day someone will truly audit and pay attention to what is going on!!
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- This guy should be given the Congressional Medal of Honor!!......To hell with Bernie Madoff, Rick Santelli and the excessive greed on Wall St!! I've seen my retirement savings DESTROYED by traders on Wall St. "shorting" stocks and driving them into the ground because regulations such as the "uptick" rule were removed by Republican controlled Congress........Good for you Harry!
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- Can't feel too much empathy with those folks who irresponsibly gambled and lost their money with Madoff. At least they actually got to sell their multiple houses, not have their one and only home foreclosed. As thousands of other folks of moderate income, I (and my employer) played by the rules and still lost nearly a third of my 401k investment in the last 2 quarters. These investments were for my retirement and certainly not 8 figures. And because those Wall St. masters of the universe played fast and loose causing the economy to tank, I did not get a year-end bonus or pay raise even after having the best work year performance of my career. Guess it could be worse, I still have a job. Where is the story of the average person's near financial ruin because of the criminality of the nearly unregulated market engineered by Phil Gramm?
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Try as I may, I cannot feel sorry for these people.
To me they appear all of an ilk; cunning to be the insiders,
on a scheme that one day see the true light of day..
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