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To: Elroy Jetson who wrote (174367)	12/29/2008 10:30:15 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

thanks very interesting post. No I am not against the SEC investigating, and prosecuting fraud. My issue is that there are many grey areas in business and the DOJ, without a business background went out and tried to prosecute Dell and other companies for business practices that were advised by accountants. Thats BS. Then when the DOJ realized they were prosecuting for business practices advised by accountants, they didn't have the integrity to stand up and say "hey we overreached". thats my issue. Criminal activity requires criminal intent and if you are just doing what Price Waterhouse says to do, where is the intent? Fine people if you want, but to prosecute companies like Dell for cookie jar accounting when accounting firms were advocating this is way over the top. These are the best executives in the world and the idiots at the DOJ are, what exactly? My other favorite DOJ tactic is prosecuting people like Martha Stewart for "lying under oath". But the DOJ lies under oath routinely. These business prosecutors lie in that they present something as deliberate fraud when people like Steve Jobs were advised by accounting firms to structure the books in a certain manner. On Madoff, you have legitimate fraud there. I was just speculating that I thought at one time this had to start off as legitimate. But anyway, this issue keeps coming up of how to police these complex hedge funds and other instruments.... easy, just verify assets periodically, why can't the SEC do that? Its simple and easy. Madoff would have failed that test years ago or whenever he started the Ponzi scheme.

To: Elroy Jetson who wrote (174367)	12/30/2008 4:01:47 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Now i see where you got it... Statue stolen from Madoff home in Palm Beach news.yahoo.com PALM BEACH, Fla. – Authorities say he took billions from investors, and now someone has taken a statue from him. Palm Beach police are investigating the disappearance of a $10,000 copper sculpture of two seated lifeguards from the multimillion-dollar home of disgraced investment guru Bernard Madoff (MAY'-dawf). Police spokeswoman Janet Kinsella said Tuesday a housekeeper reported the statue missing Dec. 22. The Wall Street money manager was arrested several weeks ago on securities fraud charges. Authorities say Madoff claims he lost more than $50 billion belonging to investors, including major banks, charities, schools and retirees. Many lost their entire life savings. Madoff met many investors in Palm Beach, where he was a part-time resident. He remains under house arrest in Manhattan.