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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (43899)12/14/2008 7:07:14 PM
From: Snowshoe  Read Replies (1) | Respond to of 219333
 
Madoff also reeled in some folks at the Oak Ridge Country Club in Hopkins Minnesota, right next to St. Louis Park (aka St. Jewish Park). He knew where the money was.



To: TobagoJack who wrote (43899)12/14/2008 7:56:46 PM
From: zebra4o11 Recommendation  Read Replies (1) | Respond to of 219333
 
The Madoff scheme was really kind of retro - quaint and unsophisticated. Post modern scamsters like Moody's, Ambac, (and the investment banks) operated at a much higher level, running their rackets right out in the open, staying within the letter of the law. So far, they have not faced any serious legal repercussions.

You wonder if someday soon GitMo will be used to house investment bankers and other financial terrorists. Could the assets of all former employees of Lehmans and Bear Stearns be seized under the RICO statute?



To: TobagoJack who wrote (43899)12/14/2008 8:39:35 PM
From: carranza2  Read Replies (1) | Respond to of 219333
 
I doubt that Madoff acted alone. It seems unlikely that a long-running fraud of that magnitude could possibly have been the work of one man.