Comments on: Ponzi Scheme Finally Sinks Madoff

Disgraced Money Manager Sent From Penthouse To "Big House" After Pleading Guilty To Multi-Billion-Dollar Fraud

[sndkzyaa]

There was no bribe.
Madoff's daughter married a higher up in the SEC, he even BRAGGED about it. Madof bragged about it.
Posted by anti-zionist007 at 2:22 PM : Mar 12, 2009

OK, OK, I made a spelling error.

It wasn't BRIBE, it was BRIDE.

same difference :-)

[sndkzyaa]

Madoff fits the consistent pattern that has emerged from the Clinton administration.

The FBI sent undercover agents to flying schools when the 9/11 pilots were engaging in suspicious behavior. They found nothing.

Enron, Worldcomm, Andersen Accounting, and the other Clinton era scams were going on right under Clinton?s nose. But the Clinton admin saw nothing.

One of the 9/11 pilots was turned in five times to the FAA. The FAA did nothing.

Madoff was turned in on a sliver platter to the SEC in 2000. The SEC did nothing.

The Clinton admin was characterized by ineptness, neglect, and inaction. But they only accuse Bush of inaction before 9/11.

Remind me again. Why did they call him Slick Willy?

[drivelphobe]

Well, Mr. Madoff certainly had a good run and now he has to pay. I bet he thinks it was all worth it. At his age, who really cares if he goes to jail. I find it remarkable that he was able to find so many suckers. I guess that old adage that if it's too good to be true, it probably isn't.

There are most likely a few innocent victims, but I think that most of the investors were schemers themselves and deserve what they got. Perhaps some of these individuals will score on the foreclosure bailout. What a story and how amazingly he pulled it off. The SEC must be run by imbeciles. This certainly inspires confidence to the masses.

[ramos1129]

Let's assign blame where blame is due and our symthathy for those who merit it.

The ones to blame are: (1) Madoff himself for obvious reasons, (2) The SEC - Madoff had connections there in the form of his niece, etc. Somehow, despite numerous notifications, the SEC never took steps to stop this madness; had it acted in a prudent manner, many folks would not have been harmed, (3) There is a saying, "if something sounds too good to be true, then it is no true". Many professional managers wanted to enrich themselves and their funds. They never thought to apply common sense analysis as the whistleblower did years ago. The innocents were the ones who depended on the professional money managers to manage their accounts.

I do not yet know about the family. Remember, it was the sons that turned Madoff in. Had they been participants in the scheme, they would not have done that.

[Vetzero]

Goodbye 'Bernie' boy.

Time to face the rage.

Yer not gonna like where yer goin next June. The jewelry isn't grade A either, it's all chains and bracelets...in stainless steel.

Club Fed isn't what it used to be...it's worse.

Corrections officers will be waiting on you now, hands and foots. Do try and not get them impatient.

Tell yuh what, if they take every dime yuh got...and they probably will...you'll need someone to keep yer commissary tab supplied with cash, don't depend on yer wife, she may be headed for Club Fed herself and I'm not sure yer boys will be any too happy to do that for yuh.

I'll send yuh, oh say, $5.00 a month for envelopes and stamps, ok ?

Now be a model prisoner for us and don't get 'Bubba' too riled up, you know how he gets.

[petesis]

You cannot cheat an honest man. Most of these investors with this guy thought they were gonna make money at a rate higher than other funds. They trusted Madoff because he was "one of them" and because their friends were already in and reporting great results.... He fleeced them like the sheep they apparently were. This guy should rot in prison. Should already have been there.

[jimsar4evr]

I am starting to believe that you are actually a monkey who has picked up on some human traits such as writting and a little bit of reasoning - oldtimer1941

Thank you for flattering me, and I do mean flatter. Monkeys don't have the ability to lie or swindle or embezzle; that is one of those wonderful human characteristics, and monkeys can and do have compassion for their fellow apes, unless they are as deranged as Rush Limbaugh!

[centauri1]

I would suggest that all the investors that Madoff defrauded were simply victims of their own greed to boot. If it was too good to be true, why did not any of them even bother to check just in case? Go figure.

[jimahc]

He'll soon be joining Ken Lay.... in Panama or wherever he is.

[rave_on3]

Don't blame Bush for Madoff.

Madoff had immunity because of Clinton.

Bush couldn't touch Madoff because of double jeopardy.

You can't be charged twice for the same crime. Even if you were acquitted the first time, you can't be charged again.

That's what happened to Madoff. He was turned in during the Clinton administration. But the Clinton admin decided not to take any action.

That gave Madoff immuniity from being charged again.

Thank Bill Clinton for giving Madoff a free pass for 8 years.
Posted by sndkzyaa at 12:58 PM : Mar 12, 2009

Are you making your best effort NOT to make sense?

Was he charged or was he prosecuted? Did he ever go to trial? If he went to trial prior to this, that's news to me. How many times did someone blow the whistle on this guy and when did the SEC finally get off their collective rears to finally do something about it?

Stop being a troll!