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Thursday, February 5, 2009

Staggering--and a question

We've all heard so much about Bernard Madoff and what a horrific thief, scam artist and charlatan he's turned out to be.

A ponzi scheme is one thing, that's bad enough.

But a 51 billion dollar ponzi scheme?

What cajone's this guy has.

Apparently there's no question, either, but that he did this--took millions and millions of dollars of people's money.

Have you seen some of the data on this scam?

Here's just some of what he did--whom he took from and how much:

--a 76 year old retiree and his wife who are now broke and have to sell their home;

--His own sister, for pity's sake, who's 74 years old. Reportedly, her house is now up for sale because of this, in Palm Beach;

--Eliot Spitzer. Okay, that may be karma;

--Zsa Zsa Gabor, who is 91 years old, for pity's sake. He literally stole from little old ladies. She apparently lost at least $7 million;

--Marc Rich, the fugitive financier President Clinton took money from and then pardoned. He apparently lost 10 to 15 million big ones. Again, possibly bad karma, come back 'round--though don't get me wrong, that doesn't make anyone's losing money like this okay;

--both Jeffrey Katzenberg and Steven Spielberg;

--The Elie Wiesel Foundation for Humanity, for pity's sake for a reported $15,200,000. Man, what nerve;

--Hadassah, the U.S. women's zionist organization for $90,000,000;

--One of the worst is when he took $250 million dollars, for pity's sake, from "a 95-year-old Florida man who helped him get his start on Wall Street." That's some gratitude, huh? "Overall, the man and his charity lost more than $500 million."

Unbelievable.

And did you know the SEC has confirmed that he never once invested one dollar he ever got, all this time, over all these years and all these many millions he took from people, ostensibly to invest.

So, I know Madoff's under house arrest but I just have to ask, why is he not yet in jail?



For a more complete list of all the people Mr. Madoff scammed, go to this link:
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html

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