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 Bernard Madoff arrested

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miyu
419Eater is my life


Joined: 17 Feb 2006
Posts: 356
Location: Cyberia


PostPosted: Sat Mar 14, 2009 12:37 pm Reply with quoteBack to top

And he pleads guilty. Maybe as many as 150 years in prison. And he feels sorry. That's nice.

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GomerPyle
Pervert Bastard


Joined: 04 Jan 2007
Posts: 8875
Location: Wherever I lay my hat


PostPosted: Sat Mar 14, 2009 1:41 pm Reply with quoteBack to top

If ever I get put in jail I'd like the cell he gets and all the perks and priveleges he'll be allowed, but I'd probably have trouble adapting to such a life of luxury.

Am I cynical ? Very Happy

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Pith Helmet - Shorty - Lagos to Cotonou - My Agro Base farming where i rearing chicken and other animals was set ablazed overnight and we do not know who is actual behinde all these evils! -
I and my crew was locked up for 3 good days….They wanted to charge us to court but later we are fined an huge amount of money…I asked them why did they arrest the men, they started laughing and saying all sorts mockering words! -
…because now, am left with nothing and remember i told you my Guy (Joe) gave up earlier this morning
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Slightlyoutofit
Baiting Guru


Joined: 13 Feb 2007
Posts: 14310
Location: Foraging for Nuts.


PostPosted: Sun Mar 15, 2009 1:35 am Reply with quoteBack to top

He'll go away for a long time because basically he's a scapegoat for a corrupt system.

I'd bet good money that there are hundreds of these bastards out there but they slip beneath the net because the regulating is so bad. Not only that but a blind eye is turned because they keep the money market liquid. Chances are that if things worked out the way they were meant to, this would just have been a minor ripple.
It's no coincidence that Madoff got caught at the same time that the economy went tits up.

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dr stephen williams
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Joined: 06 Aug 2007
Posts: 15398
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PostPosted: Sun Mar 15, 2009 4:56 am Reply with quoteBack to top

It is no coincidence: when no new income came in, the ponzi scheme collapsed.

Public beheading should come back, I think.

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GomerPyle
Pervert Bastard


Joined: 04 Jan 2007
Posts: 8875
Location: Wherever I lay my hat


PostPosted: Sun Mar 15, 2009 9:13 am Reply with quoteBack to top

It amazes me that the Chairman of one of the UK banks bailed out to the tune of billions has never paid any UK tax, and no one has thought this this is rather peculiar.

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Fake sites killed 1 x Australia 9 x United Kingdom 3 x 168 X Closed lad accounts Easter Egg 2011
Pith Helmet - the 'Asparagus Kid' - Accra to Lome - You Must surly Die in The Name Of Jesus Christ
Pith Helmet - Steve - Lagos to Accra
Pith Helmet - Frank - Lagos to Cotonou - co-bait with the vampire
Pith Helmet - Shorty - Lagos to Cotonou - My Agro Base farming where i rearing chicken and other animals was set ablazed overnight and we do not know who is actual behinde all these evils! -
I and my crew was locked up for 3 good days….They wanted to charge us to court but later we are fined an huge amount of money…I asked them why did they arrest the men, they started laughing and saying all sorts mockering words! -
…because now, am left with nothing and remember i told you my Guy (Joe) gave up earlier this morning
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Catcher In The Lie
Master of Master Baiters


Joined: 22 Sep 2008
Posts: 877
Location: 404 Yellow Brick Road


PostPosted: Tue Mar 17, 2009 4:22 am Reply with quoteBack to top

Hmm... Everyone wonders why the SEC hasn't scrutinized Madoff's affairs long before this. They have been well aware of 'irregularities' since at least 1999 and have now publicly admitted they had evidence of them.

Connections, connections..... An interesting note is that Madoff's niece, Shana Madoff Swanson was a compliance officer with the SEC. They are now conducting a rather private in-house investigation as to whether there were um, any improprities along the line. Kind of like the fox guarding the chicken house type of thing. Naturally, nothing will be found let alone revealed, as it can only lead back to them.

He'll spend his time in a cushy, comfortable Federal prison, reading books from a better library than a lot of towns in the US have, corresponding on his computer, and eating better and more than many. Because of his clout, he'll also probably have the run of the place. Other than his freedom, he'll lead a pretty comfortable exestance.

Too bad it's a Federal crime. He should be thrown into the general prison population of a state prison, locked up in an 8 X 8 cell with a bi-polar paranoid schizophrenic serial killer off his meds who'd just as soon kill him as look at him. Oh and I'd be willing to bribe a guard to spread the rumor about all those kids he molested years ago.

I feel so sorry for all of the people whose lives he has ruined.

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Yastreb
Demented Opportunist


Joined: 04 Apr 2006
Posts: 15026
Location: Leading my wolf pack


PostPosted: Tue Mar 17, 2009 4:38 am Reply with quoteBack to top

Quote:
The giant bailout of the American financial system earlier this year introduced the concept of the bank that is "too big to fail", in other words, is of such importance to the world's financial system that governments decide that propping it up with public money is better than allowing it to suffer the consequences of its own greed or incompetence.


Fine, OK, the banks have to be propped up (as with AIG) - but the CEOs and the like should be indicted for conspiracy to commit extortion. What else do you call it when the cry is. "Give me money or the economy will be ruined"?

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CowboyBuck
Elite Baiter


Joined: 04 Aug 2007
Posts: 1078
Location: Riding the Western Union Trail


PostPosted: Sat Mar 21, 2009 11:41 am Reply with quoteBack to top

Court releases victims' letters and e-mails in Madoff case

Letters and e-mails expressing the anger, sadness and disbelief felt by the
victims of convicted swindler Bernard Madoff were made public Friday in a
Manhattan court.

Bernard Madoff is believed to have bilked investors out of billions of dollars.

The letters were sent to the prosecution and the presiding judge before Madoff
pleaded guilty last week to 11 counts stemming from a Ponzi scheme estimated to
have bilked thousands of investors out of billions of dollars.

Among the sad and at times profane accounts from the convicted swindler's
victims, one ironic e-mail stood out:

Penned by an African scam artist whose name was withheld, the letter expressed
an urgent need for an American intermediary willing to give up details of his
bank account to the author so that he could move his funds from the Republic of
Congo to Dubai.

The author promised a return of 10 percent of his alleged $350 million funds,
and even offered an preemptive apology in case his proposal offended the
readers' moral values.

The only request he made was that the intermediary provide him with "absolute
assurance that the funds will be safe and you will not sit on [the money] when
it is transferred to your account".

CNN News:
http://www.cnn.com/2009/CRIME/03/20/madoff.emails/index.html

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Right now I am getting pissed with your responses
And still you later claimed there are snakes on the road to the Western Union
Please for the sake of humanity help Mr. Felix and I to get this money
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