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To: chowder who wrote (70738)	1/5/2009 2:14:19 PM
From: tom pope	Read Replies (1) \| Respond to of 118717

This is one time I sympathize with the rich folks for being duped Except for committing the sin of non diversification. Have to give Cramer his due - he does preach diversification.

To: chowder who wrote (70738)	1/5/2009 4:26:54 PM
From: Skywatcher	Respond to of 118717

US govt to NY judge: Jail Madoff without bail US prosecutor to NY judge: Revoke bail, jail disgraced financier Bernard Madoff * Larry Neumeister, Associated Press Writer * Monday January 5, 2009, 4:05 pm EST * Yahoo! Buzz * Print NEW YORK (AP) -- Prosecutors on Monday said disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives and should be jailed without bail. "The defendant's recent actions amount to obstruction of justice," Assistant U.S. Attorney Marc Litt told a judge at a hearing in federal court in Manhattan. U.S. District Magistrate Ronald Ellis asked the lawyers to submit written arguments and said he would rule later. Madoff's lawyer, Ira Sorkin, described the items as heirlooms that included cufflinks and antique watches. He said they were not significant assets. The items were sent to Madoff's children and to unidentified friends vacationing in Florida. "We maintain it happened innocently," Sorkin said. "He's not a threat to the community and there's no danger he's going to flee." The 70-year-old former Nasdaq stock market chairman was arrested Dec. 11 on securities fraud charges alleging he duped investors out of as much as $50 billion in a giant Ponzi scheme. The prosecutor told the judge the case against Madoff "is strong and getting stronger." Madoff, who owns yachts and mansions in New York's Hamptons and Palm Beach, Fla., has been confined to his Manhattan apartment under house arrest.

To: chowder who wrote (70738)	1/5/2009 4:29:49 PM
From: Skywatcher	Respond to of 118717

when the rich are getting returns of over 10% every year and they don't WANT TO know how it's being done....then TOUGH COOKIES...many more innocents were hurt, but mostly people feeding at the greed trough....I want to know which stocks and bonds and whatever I own...then it's my problem, but the blind eye crap of do whatever it takes to make me money is behind the entire debacle....my friend lost FIVE MILLION with the guy in Beverly Hills (Chias).....who was putting all the money through MADDOG...without the knowledge of the investors, but in the end, I'd love to see the statements of where the money actually was