Bernard Madoff

From behind bars, Bernard Madoff offers Wall Street commentary

27 December 2012 | 5:58 pm NEW YORK — He may be stuck in a federal prison for the rest of his life, but Bernard Madoff is nonetheless taking the time to muse on Wall Street topics of the day. http://sunsentinel.feedsportal.com/c/34258/f/623244/s/26fbb953/l/0L0Ssun0Esentinel0N0Cbusiness0Cla0Efi0Emo0Ebernard0Emadoff0Ewall0Estreet0Ecommentary0E20A1212260H0A0H694550A20Bstory0Dtrack0Frss/story01.htm

Bernard Madoff's brother gets 10-year sentence

21 December 2012 | 3:26 am The brother of imprisoned financier Bernard Madoff was sentenced Thursday to 10 years in prison for crimes committed in the shadow of his notorious sibling by a judge who said she disbelieved his claims that he did not know about the epic fraud. http://www.kpic.com/news/national/184364901.html

Madoff's younger brother sentenced to 10 years for role in fraud

21 December 2012 | 12:37 am The younger brother of Bernard Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors, a U.S. judge said on Thursday. Peter Madoff, … http://finance.yahoo.com/news/madoffs-younger-brother-sentenced-10-003729043.html

Betrayal: The Life and Lies of Bernie Madoff (Hardcover) tagged "bernard madoff" 5 times

24 January 2011 | 5:00 pm Betrayal: The Life and Lies of Bernie Madoff Betrayal: The Life and Lies of Bernie Madoff (Hardcover)By Andrew Kirtzman 70 used and new from $0.01 Customer Rating: 3.0 Customer tags: bernard madoff(5), madoff(4), ponzi scheme(3), wall street(3), greed(2), palm beach(2), kirtzman, sec, palm beach confidential, crook, ponzi http://www.amazon.com/Betrayal-Life-Lies-Bernie-Madoff/dp/0061870765

The Club No One Wanted To Join-Madoff Victims In Their Own Words (Paperback) tagged "bernard madoff" 7 times

21 December 2010 | 8:38 pm The Club No One Wanted To Join-Madoff Victims In Their Own Words The Club No One Wanted To Join-Madoff Victims In Their Own Words (Paperback)By Alexandra Roth Buy new: $12.7629 used and new from $10.85 Customer Rating: 3.0 Customer tags: madoff(15), investing(11), sec(8), bernard madoff(7), ponzi(7), survivors(6), financial planning(6), sipc(5), finra(4), financial fraud(4), ponzi scheme(4), wall street(4) http://www.amazon.com/Wanted-Join-Madoff-Victims-Their-Words/dp/0982250932

Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World (Paperback) tagged "bernard madoff" 12 times

24 May 2010 | 2:25 pm Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World (Paperback)By Gerald S. Strober Buy new: $14.9565 used and new from $0.01 Customer Rating: 3.0 Customer tags: bernard madoff(12), ponzi scheme(10), greed(8), hedge funds(8), crime drama(8), wall street(5), theft(3), swindlers(2), business(2), bernard l madoff, chain letter, bookpleasures http://www.amazon.com/Catastrophe-Story-Bernard-Madoff-Swindled/dp/1597776408

Too Good to Be True: The Rise and Fall of Bernie Madoff (Hardcover) tagged "bernard madoff" 4 times

14 May 2010 | 7:54 pm Too Good to Be True: The Rise and Fall of Bernie Madoff Too Good to Be True: The Rise and Fall of Bernie Madoff (Hardcover)By Erin Arvedlund 146 used and new from $0.01 Customer Rating: 3.0 Customer tags: madoff(7), bernard madoff(4), hedge fund(4), ponzi scheme(4), economic history(3), greed(2), interesting(2), bio(2), but just spectacular, deutsche bank, even the smartest can trust the wrong people, greedy greedy greedy http://www.amazon.com/Too-Good-Be-True-Bernie/dp/1591842875

Madoff with the Money (Hardcover) tagged "bernard madoff" 4 times

1 February 2010 | 1:20 am Madoff with the Money Madoff with the Money (Hardcover)By Jerry Oppenheimer Buy new: $4.00109 used and new from $0.01 Customer Rating: 3.0 Customer tags: bernard madoff(4), greed(2), ponzi scheme(2), crime drama(2), his ponzi scheme, hedge funds http://www.amazon.com/Madoff-Money-Jerry-Oppenheimer/dp/0470504986

Bernie Madoff's Christmas Eve Letter – Business Insider

26 December 2012 | 2:08 am The recent rash of insider trading cases may be a shock to some on Wall Street, but not to one long-time market player: Bernie Madoff. In a Christmas Eve letter from the medium security federal prison in North Carolina where http://www.businessinsider.com/bernie-madoffs-christmas-eve-letter-2012-12

Madoff: Insider Trading Has Gone on 'Forever ' – CNBC.com

25 December 2012 | 8:11 pm The recent rash of insider trading cases may be a shock to some on Wall St., but not to one long-time market player: Bernie Madoff. (Watch Now: American Greed Special: Bernie Madoff Behind Bars). Madoff built his fraud http://www.cnbc.com/id/100338795/Madoff_in_Christmas_Eve_Letter_Says_Insider_Trading_Has_Gone_on_039Forever_039

Brother of Bernie Madoff Gets 10 Years in Prison | National News …

21 December 2012 | 2:50 am The brother of jailed Ponzi schemer Bernard Madoff was sentenced to 10 years in prison for crimes he committed in connection with his brother's case. http://www.theepochtimes.com/n2/united-states/brother-of-bernie-madoff-gets-10-years-in-prison-327223.html

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5 Responses to Bernard Madoff

  • Texas Mike says:

    The Huffington Post Says Bill Clinton Was Not An Economic Savior. Now What Liberals? “It is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that President Clinton’s policies sent the economy seriously off course.

    The Clinton economy was driven by a stock bubble. This is not a debatable point.

    In Washington it is common to tout the budget surpluses of the Clinton years as some momentous achievement, as though the point of economic policy is to run budget surpluses. Of course, the point of economic policy is to produce an economy that improves the lives of the people in a sustainable way.

    Clinton badly flunked this test.

    The economy President Clinton handed to President Bush in January of 2001 was an economy that was being carried by an unsustainable bubble that, in fact, already was in the process of deflating at the time Bush took office. The S&P 500 was more than 10 percent below its 2000 peak and the NASDAQ was down by more than 40 percent on the day that Bush took office.

    This pretty much guaranteed the recession that began in March of 2001.

    The truth is often painful but nonetheless it is important that we live in the real world and President Clinton’s policies sent the economy seriously off course.”

    My comments …

    Obama is doing the same thing. “Those who ignore history are doomed to repeat it”.

    Read:http://www.huffingtonpost.com/dean-baker/there-is-no-santa-claus-a_b_2362845.html
    @Alecks … who cares? Obama is doing the same thing and taking us down again. So I care.
    @Sophia .. it is important to know that Clinton benefited from Reagan’s policies that created the jobs.
    Plus the Republican Congress. Clinton did nothing. Believe me. I lived under him for 12 years in Arkansas and 8 years as President. He is just a good talking playboy who does nothing. Like Obama [minus the Playboy thing].
    @warrior_peasant .. agreed .. but my point is .. Clinton had nothing to do with it .. except tear it down. Look what Bush did with a recession.

    Average annual unemployment rate for George W. Bush

    Year…………..Average
    2001………….. 4.8
    2002………….. 5.8
    2003………….. 6.0
    2004………….. 5.5
    2005………….. 5.1
    2006………….. 4.6
    2007………….. 4.6
    2008………….. 5.8

    • Curator says:

      http://video.pbs.org/video/1302794657
      Frontline: The Warning – the story of Brooksley Born, the Clinton appointee who was shunned by the Clinton admin for advocating regulation of derivatives.

      http://www.youtube.com/watch?v=ebWJ892h5dA
      Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

      http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related
      Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown

      http://www.youtube.com/watch?v=lFwv0FgtebI
      Bill Clinton “democrats at fault for Fannie & Freddie

      The Glass-Steagall Act was repealed by the 1999 Gramm-Leach-Bliley banking deregulation act, which passed with overwhelming majorities of both parties in both houses of Congress, then it was eagerly signed into law by Bill Clinton. The 2008 meltdown was attributed directly to this law.

      Arthur Levitt, Jr. was the longest serving head of the SEC. Do a Google search on him, see what pops up.

      He was appointed by Clinton in 1993 and again in 1998. He left in 2001, so he covered the entire Clinton administration.

      Levitt gave Madoff a free pass because they were both members of the Harmonie Club, a social club for the ultra wealthy in NYC.

      Madoff was first reported to the SEC in 1992:
      http://www.guardian.co.uk/business/2009/sep/02/bernard-madoff-sec-report
      Report: Regulator was tipped off about Madoff fraud as early as 1992
      “a suspicion of trouble at Madoff Investment Securities arose as early as 1992 when customers of Avellino & Bienes, a fund that invested all its money with Madoff, complained about documents making a seemingly impossible promise of “100%” safe investments. Although the SEC shut down Avellino & Bienes, the agency only made a “brief and very limited” examination of Madoff.”

      Avellino & Bienes was shut down by the SEC in 1993, the year Levitt took charge.

      Levitt also gave a special exemption to Enron, exempting it from accounting rules. This special exemption led directly to the Enron scam and the subsequent meltdown of the company, which took down a major chunk of the economy with it. It also led to the discovery of similar fraud at many other companies, fraud that got its start in the Clinton years.

      If I was going to pick one individual who was most responsible for the rampant fraud of the Clinton years, it would have to be Art Levitt.

  • Manhole says:

    Question For Jewish People, And Anyone.? I have an interesting legal question for Jewish people, using these words for in case anyone uses the search questions approach.

    Anyways I hope you don’t perceive me as anti-Semitic.

    My question is about 2 Jews, Julius and Ethel Rosenberg, whom were sentenced the death penalty in 1953 for U.S. espionage.

    So my question is, if that situation had happened today, how do you think the outcome would have come out differently?

    Okay so they leaked out info for the Russian government. But did anything happen as a result of that?

    Look at Bernard Madoff, whom probably did greater harm, and he wasn’t sentenced the death penalty.

    Generally, anyone who believes the death pentalty should be imposed for violent crimes, then they should of course be against executing the Rosenbergs.

    For example, just imagine if they had Alan Dershowitz as their lawyer…

    Even though the judge that wanted and sentenced the death penalty and 2 of the U.S. attorneys were Jewish, I still feel something would be different if happened today (like life in prison instead or less).

    Also if you feel the Bernard Madoff case would have been differently had it happened in 1953, feel free to post that too.

    Thanks.

    Keywords: Jews, anti-Semitic, anti-Semitism, lawyers.
    Update: re: “I would suggest you learn about the Cold War so you can get a better grasp of how the Rosenbergs betrayed this country.”

    Well, I’m betraying this country if I pee on or burn an American flag, so I think the issue here really should be the magnitude, not the charge, but meh.
    DudleySharp: Ethel’s brother testified against her during the trial but decades later said he did it to protect his wife and kids (being pressured by U.S. attorney). Now he says he has no idea who wrote that note, but at trial, said she wrote it.

    I looked into their 2 sons, whom to this day, they agreed their father was a spy, but still no evidence (even from the Russian government) that he passed info about the atomic bomb, which is what the Rosenbergs were executed for. Nikita Kruschev just said they got some information from Julius about electronic systems.

    So for today, I don’t think the “he said she said” is enough to warrant a death penalty, so my sympathy does go to the 2 sons, at age 6 and 10, whom visited their parents at the Sing Sing prison facility.

    I think it’s wrong to have to be in a position to choose between your wife and sister, and therefore he had to testify against his sister.

    • Curator says:

      http://www.investorwords.com/7826/Depository_Institutions_Deregulation_and_Monetary_Control_Act.html
      Depository Institutions Deregulation and Monetary Control Act
      “Federal act passed in 1980 leading to the deregulation of deposit interest rates, while also allowing financial institutions to have easier access to the Federal Reserve’s discount window. ”

      http://video.pbs.org/video/1302794657
      Frontline: The Warning – the story of Brooksley Born, the Clinton appointee who was shunned by the Clinton admin for advocating regulation of derivatives.

      http://www.youtube.com/watch?v=ebWJ892h5dA
      Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

      http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related
      Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown

      http://www.youtube.com/watch?v=lFwv0FgtebI
      Bill Clinton “democrats at fault for Fannie & Freddie

      The Glass-Steagall Act was repealed by the 1999 Gramm-Leach-Bliley banking deregulation act, which passed with overwhelming majorities of both parties in both houses of Congress, then it was eagerly signed into law by Bill Clinton. The 2008 meltdown was attributed directly to this law.

      Arthur Levitt, Jr. was the longest serving head of the SEC. Do a Google search on him, see what pops up.

      He was appointed by Clinton in 1993 and again in 1998. He left in 2001, so he covered the entire Clinton administration.

      Levitt gave Madoff a free pass because they were both members of the Harmonie Club, a social club for the ultra wealthy in NYC.

      Madoff was first reported to the SEC in 1992:
      http://www.guardian.co.uk/business/2009/sep/02/bernard-madoff-sec-report
      Report: Regulator was tipped off about Madoff fraud as early as 1992
      “a suspicion of trouble at Madoff Investment Securities arose as early as 1992 when customers of Avellino & Bienes, a fund that invested all its money with Madoff, complained about documents making a seemingly impossible promise of “100%” safe investments. Although the SEC shut down Avellino & Bienes, the agency only made a “brief and very limited” examination of Madoff.”

      Avellino & Bienes was shut down by the SEC in 1993, the year Levitt took charge.

      Levitt also gave a special exemption to Enron, exempting it from accounting rules. This special exemption led directly to the Enron scam and the subsequent meltdown of the company, which took down a major chunk of the economy with it. It also led to the discovery of similar fraud at many other companies, fraud that got its start in the Clinton years.

      If I was going to pick one individual who was most responsible for the rampant fraud of the Clinton years, it would have to be Art Levitt.

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