Thursday, January 29, 2009

WOW....A WHOLE Warehouse of Maddoff Documents....imagine that..


I am shocked..I tell ya...just shocked...Hey has anyone thought to talk to Rudy about this dude, or maybe Chertoff, or hmmm, Mukasey ? gee Bernie Kerick.....boy I bet NO ONE knew a thing.....Even the Big Legal Cheeses ? really???
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( gee , my first thought when I saw this article is WOW the Warehouse will have The Missing Billions ?)

Has anyone noticed the MSM barely covered or covers this Swindler ? He deserves much more airtime....

6 comments:

D.K. Raed said...

(blogger just ate my comment, so this is just a stub) .... Madoff had no reason to keep really old records (records beyond tax or sec requirements) unless they are some sort of duplicate set of books that might implicate others involved in the scam. You notice these are paper records, not computer data?

Also I question the audit procedure. The missing billions are only part of the story. Where are the missing assets bought with those billions? Those assets could be seized & used to pay back part of losses incurred by Madoff's "clients". Afterall, there's only so many "services" & "entertainments" a guy can blow that kind of cash on.

enigma4ever said...

exactly...thank you DK...
yeah...there is MUCH more to this story that is NOT being covered...WHY isn't the media digging at this ???

Annette said...

I agree... there has to be more... and why aren't we hearing about all the stuff he mailed off.. he has a lot of it stuffed off shore somewhere I would bet... someone should be looking into his past travel .. but no one will.. they are too busy kissing up.

That was interesting the other day, Bernstein was on Morning Joke and he yelled at all of them.. they were going off about John Thane...he said it was very easy for them all to sit in judgement now, yet it was just a few months ago they were all courting him and kissing up to him and all the rest of the fat cats on Wall Street, because they wanted to be in the circle and on those $87,000 rugs..

Lady Rose said...

It was reported that so far they can not find any records of assests that were actually bought by Maddow - the companies he supposedly did business trades with don't have any records either. My guess is the money is unfortunately most spent and gone -except for items like the jewelry and homes he owns. Luckily they stopped him from shipping off the jewels to friends and family - but who knows what else he shipped off that no one knows about.

Was reading on Huffington Post the other - they are finding a lot of Mini-Maddows - now that folks have heared of Maddow more and more they are starting to ask questions about their own investments and finding there are many more scams out there just on a smaller level.

It's all just sad beyond words - I have NO sympathy for those who invested out of greed and put all their money in one basket with Maddow or another scammer - but I do feel sorry for those who unknowingly invested money with someone they knew and trusted and that person then took the money and invested in Maddow.

I truly do NOT understand why that man is not behind bars and is allowed to live in his apartment that is worth millions (and who knows how much it costs to maintain each month).

The news media definitely needs to educate the public more - Maddow doesn't need any publicity, but the story of what happened needs to be aired and tips on how to avoid situations like this. The greedy will always go after something too good to be true, that is their problem - but the the gullible who just don't know any better need support and more education on finances.

Distributorcap said...

how he is not in jail amazes me -- guess it is the same reason wall st got $18 billion in bonuses

this is the tip of the iceberg

enigma4ever said...

Dcap::
well, really big Iceberg....

sigh...

Lady::
yeah...amazing...you are so right the MSM should be educating more- even Bloomberg and CNBC has not been covering this or educatiing..and WHY not explaining HOW he did it- there are more scumbugs out there...people need to know esp, many of these older folks and retired folks...Not all of them were greedy- like Kevin Bacon- he had others that were taking care of his money- he trusted money managers...I think this was a slick operation- and it does need to be exposed....

But WHY he is not in Jail- the Big House- is beyond me....he even swindled his OWN sister...shithead...

Annette:::
hmmm, Bernstein eh? that is really odd...and Morning Joke- what a great term...I can't watch him...send my BP toooo high....