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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (16781)1/27/2009 3:07:15 PM
From: Real Man1 Recommendation  Respond to of 71452
 
A lot more Bernies out there. Here is one, and there are others, according to the article.
This one lost 99.7% and ran. -g-

finance.yahoo.com

"The purported fraud is one of several that authorities have
announced across the United States following the sharp decline
in the fortunes of the financial industry."

Nadel fled after a partner in his firm told him that following
the arrest of accused swindler Bernard Madoff in December, the
funds should hire an independent accountant to audit the
books, an FBI agent said in a court filing.

Nadel, head of Scoop Management overseeing six hedge funds he
had valued at more than $300 million but may have less than $1
million according to authorities, is expected to make an
initial appearance in a federal court in Tampa, Florida, later
on Tuesday.



To: LTK007 who wrote (16781)1/27/2009 3:37:08 PM
From: Real Man7 Recommendations  Read Replies (3) | Respond to of 71452
 
Now this is called retention. Where would they go? <g>

AIG Said to Pay $450 Million to Retain Derivatives Employees

bloomberg.com

“I was extremely disappointed -- but not surprised -- to learn
that AIG will be awarding bonuses to the very division that
drove the company into the ground,” said Cummings, a member of
the House Committee on Oversight and Government Reform, in an
e-mail.