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New angle to 'Swindlers List'!


glutes
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  • 2 weeks later...
Posted

Swindelers List 'victims' investigated

 

Mazel tov! מזל טוב‎

 

By AMIR EFRATI / Wall St. Journal

 

The criminal investigation into who knew about Bernard L. Madoff's massive fraud has expanded to include some of his highest-profile investors, according to people familiar with the matter.

 

Jeffry Picower and Stanley Chais, two philanthropists who invested heavily with Mr. Madoff, and Carl Shapiro, one of the money manager's oldest friends, are among at least eight Madoff investors and associates being scrutinized by the U.S. attorney's office in Manhattan, these people said.

 

Federal investigators have gathered evidence they think will show that Messrs. Picower and Chais told Mr. Madoff how much in returns they wanted. Their accounts soon would reflect those amounts, people familiar with the investigation said.

[xxxxx] Lucien Capehart Photography

 

Carl Shapiro, a Madoff friend, is among at least eight individual investors being scrutinized by the U.S. attorney's office in Manhattan.

 

Prosecutors are continuing to probe Madoff family members and employees, but the investigation now includes investors who have claimed to be among the hardest-hit victims of the fraud, both directly and through their foundations. Mr. Madoff pleaded guilty in March and is set to be sentenced in June.

Posted

This could turn out to be a massive conspiracy. Maddoff would take the money from investors and then give other "investors" that money and never really give any returns to the original investors unless they cashed in. I am not sure they are going to be able to prove this. If you saw the Frontline investigation about the whole scandal you could tell that many of the huge investors had to know something about what was going on. As well as the government. But because some high-powered people were getting their cut, no one did anything. The guy is old and may not mind spending the small rest of his life in prison to protect some high profile 'clients'. Unbelievable.

Posted

Maddoff Alone!

 

This could turn out to be a massive conspiracy. Maddoff would take the money from investors and then give other "investors" that money and never really give any returns to the original investors unless they cashed in. I am not sure they are going to be able to prove this. If you saw the Frontline investigation about the whole scandal you could tell that many of the huge investors had to know something about what was going on. As well as the government. But because some high-powered people were getting their cut, no one did anything. The guy is old and may not mind spending the small rest of his life in prison to protect some high profile 'clients'. Unbelievable.
Anyone who from Day One that believed "Bernie Baby" Pulled this off ALONE..I have a "Beautiful Bridge" you can buy!

 

It needs a little work, so I have Priced it to Sell! :D

  • 1 year later...
Posted

How sad?

 

I thought the sons were the ones who convinced Bernie to turn himself in.

 

Bernard Madoff’s son Mark was found dead in the living room of his SoHo apartment this morning — hanging from a black dog leash on the two-year anniversary of his father’s stunning downfall, officials said.

 

Officers were called to 158 Mercer St. at 7:28 a.m. after Mark’s father-in-law reported the grisly find — the 46-year-old Madoff hanging fully clothed from a pipe in the apartment ceiling, police said.

 

Read more: http://www.nypost.com/p/news/local/manhattan/bernie_madoff_son_andrew_found_dead_41QZ5xHZ2Ifq2IBmRtZgLK#ixzz17um7iiVw

 

http://www.seattlepi.com/dayart/20090224/cartoon20090224.jpg

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