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

To: TobagoJack who wrote (44255)	12/22/2008 9:47:29 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 217617

"I'm superfly TNT, I'm the guns of navarone"- Ezekiel 25:17 "The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know my name is the Lord when I lay my vengeance upon thee."

To: TobagoJack who wrote (44255)	12/22/2008 11:18:40 PM
From: Joe S Pack	2 Recommendations Read Replies (1) \| Respond to of 217617

Madoff fraud is as systemic and biblical as it gets!. Madoff probe uncovers fresh scams guardian.co.uk Investigators are unearthing more irregularities in the financial affairs of Bernard Madoff, the man who stunned America's wealthy elite when he allegedly admitted running the biggest investment scam in history. Initially, it was thought he was running a simple pyramid scheme. But Steve Harbeck, head of the Securities Investor Protection Corporation and the receiver of Madoff's broker-dealer business, said the investigation had uncovered a trove of records stretching back at least 20 years. "We do not seem to be dealing with a traditional Ponzi scheme alone," said Harbeck. "Ponzi" frauds occur when the money from new investors is used to pay existing ones. "This seems to be something of a hybrid," Harbeck said, adding that the potential losses could be far greater than anyone first thought. He was unable to elaborate on the types of fraud that were emerging. But sources close to the Madoff investigations suggested the trader may also have falsified tax documents and other records to show fake profits to his investors. Harbeck would only say: "It is just too early to say exactly what else was going on here." The new allegations are understood to revolve around two sets of books that Madoff kept for his investment advisory business. Investigators have discovered records on thousands of trades in shares and bonds and other securities in seven binders stored on the private 17th floor of the Lipstick Building on Manhattan's Third Avenue. The investigators believe the positions detailed in the binders may be fake, used only to compile fraudulent statements of account to clients. Harbeck said the case was unusual because of its scope. "The length of time we are dealing with - which by Madoff's own admission is at least a decade but probably more like two - is just incredible. A Ponzi scheme might usually last a year or so, but it is usually impossible to keep it going for long periods of time." So far dozens of high net worth individual investors and a long list of banks and investment firms have declared losses to Madoff of more than $27bn. Harbeck said that under a traditional Ponzi scheme it was common to find that just as much cash had been paid out in fake profits to earlier investors as had been declared lost to newer investors. "But with this case being, as I said, a hybrid fraud, it is impossible to say how much has been paid out at this stage." In the US, all those who have made profits from a fraudulent scheme must pay back their gains to the receiver seeking to compensate the victims who have lost money.

To: TobagoJack who wrote (44255)	12/23/2008 7:50:06 AM
From: re3	Read Replies (1) \| Respond to of 217617

what do you think will happen in CAlifornia with their reported financial woes?

To: TobagoJack who wrote (44255)	12/23/2008 2:03:53 PM
From: elmatador	Respond to of 217617

Salamat Pagi, Bapak TJ! "600 cars belonging to people who had left the UAE after losing their jobs were found at the airport. It was also alleged that the department had received a list of sacked people so officers could quiz them if they attempted to fly out." Sacked staff leaving UAE are not quizzed By Staff Writer on Wednesday, December 24, 2008 Rumours that the Dubai Naturalisation and Residency Department had set up a desk at the airport to question those suspected of fleeing the country because they were unable to repay debts were denied yesterday. It had been claimed that 600 cars belonging to people who had left the UAE after losing their jobs were found at the airport. It was also alleged that the department had received a list of sacked people so officers could quiz them if they attempted to fly out. But the Department's Director Major-General Mohammad Ahmad Al Marri said the claims were untrue. "We do not have a list of wanted or terminated people," he said. "This is a rumour."