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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (105841)	1/19/2009 3:29:19 PM
From: anniebonny	Read Replies (1) \| Respond to of 122089

Plea Bargain??? "Insiders said Mr Madoff was trying to arrange some form of plea bargain, whereby he would give evidence in order to shorten a potential prison sentence, which could be as long as 20 years." Ummm...the guy is 70 years old - does he have something he plans to do in his 80's or 90's? Enjoy his retirement - unlike most of his victims? If this guy doesn't die of a heart attack before this case is over - I will be SHOCKED! But then again - maybe he isn't even stressed out - it takes having a conscience to be stressed. and if the market hadn't collapsed - he'd still be doing it. Take it to the grave with him. Or Perhaps he did fall on the sword for his sons - knowing if he died - they would be in for some deep crap.

To: scion who wrote (105841)	1/19/2009 4:11:15 PM
From: scion	Respond to of 122089

Another focus has been the moneymen: those responsible for raising the funds from investors. Primary among them is Robert Jaffe, the 64-year-old Floridian philanthropist who was well known in the Palm Beach community which has been one of the hardest hit by the Madoff affair. At ease in the social circles within which he mixed, Mr Jaffe acted as the front-man for Mr Madoff, who, although attending occasional charity events in the wealthy Florida beachside community, preferred to remain somewhat reclusive. This was partly because, some have suggested, it built up an air of mystery about the funds he managed. In return for providing access to what was an exclusive "club'', Mr Jaffe earned 1pc-2pc of an investor's first profits which were paid to him by Cohmad Securities, a firm part owned by Mr Madoff which operated from the same building as his operations. Mr Jaffe, who worked for Cohmad since 1989, continues to attest that he knew nothing of how the money would be invested, and points out that he is as much a victim as anyone, given father-in-law Carl Shapiro, the textiles magnate, has lost an estimated $545m through personal and charitable losses. A subpoena was issued in December for Mr Jaffe to testify on Tuesday last week, but he failed to attend, providing a sick note from a local doctor. The Massachusetts regulator has now asked a court to force Mr Jaffe to testify, suing him after he failed to comply with the earlier subpoena.