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To: robert b furman who wrote (26790)11/22/2011 3:02:16 PM
From: GROUND ZERO™  Respond to of 218931
 
Yes, I fully agree, you're absolutely right... don't get me wrong, I'm not excusing madoff one bit, my point was that a public company was expected to be in full and honest compliance with the SEC and CFTC while an individual doesn't have to file the same kinds of papers...

GZ



To: robert b furman who wrote (26790)11/23/2011 1:49:26 PM
From: Kirk ©  Read Replies (2) | Respond to of 218931
 
"A fraud is a fraud and MF Global needs to be declared a fraud.
Bob
Comingling customers money is a ponzi by any other name NO?"

Sort of like saying bank robbery is the same as grand theft auto... both crimes but not the same

Ponzi is a way to gather funds that are never invested in a way to make the great returns claimed. Just like Social Security, you use new funds to make payments to the first investors so it appears their investments are making money...

MFG appears to have been theft. Sort of like someone gives you money for a car from your lot you are selling on consignment. You give them a fake pink slip and keep the money, perhaps hoping you can use the money to make more and buy the real pink slip before the buyer notices.