It wuz duh Joos.

Well,one anyway.
Greed knows no boundaries.I would not be surprised if somebody has him whacked before he seeks asylum in Israel with whatever millions he squirreled away in offshore accounts.

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There are laws but if the regulators don't have enough money to employ adequate staff there will be damn little regulating being done.

They have to pick and choose who to investigate. This guy had such a huge reputation they probably felt like....whoah, hes got to be honest.

This is what happens when you put folks who don't believe in government in charge of the government!

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Funny, I just used that on another thread. That one fits but there's another I can't recall.

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1986 300SDL, 362K
1984 300D, 138K

We need more cops, more prosecutor and more jails. That will solve the problem, right?

Not when they are looking in the wrong direction ...

We need more gas chambers and ovens.

You mean replicas or real ones? Honestly, I don't know where you want to go with this.

I have a friend who began monitoring Ponzi Schemes over 10 years ago, after discovering certain suspicious patterns.
He had a Beverly Hills attorney file the case with 2 Circuit Courts, US attoney general, FBI, SEC etc. Nothing. The racketeering goes on.

This was long before the media and the internet even bothered with that kind of thing.

There is hardly anybody of the 'big ones' who is not involved.

Now, the whole pile up got so huge, it can't be ignored anymore.

I'm happy to hook you up with him and several thousand files of circumstantial evidence.

How about Robert Rubin?

A new Citigroup scandal is engulfing Robert Rubin and his former disciple Chuck Prince for their roles in an alleged Ponzi-style scheme that's now choking world banking.
Director Rubin and ousted CEO Prince - and their lieutenants over the past five years - are named in a federal lawsuit for an alleged complex cover-up of toxic securities that spread across the globe, wiping out trillions of dollars in their destructive paths.

Investor-plaintiffs in the suit accuse Citi management of overseeing the repackaging of unmarketable collateralized debt obligations (CDOs) that no one wanted - and then reselling them to Citi and hiding the poisonous exposure off the books in shell entities.

The lawsuit said that when the bottom fell out of the shaky assets in the past year, Citi's stock collapsed, wiping out more than $122 billion of shareholder value.

However, Rubin and other top insiders were able to keep Citi shares afloat until they could cash out more than $150 million for themselves in "suspicious" stock sales "calculated to maximize the personal benefits from undisclosed inside information," the lawsuit said.

The latest troubles for Rubin, Prince and others emerged in a 500-page investigation by Citigroup investors represented by law firm Kirby McInerney.

The probe was used to amend and add new details to a blanket investor lawsuit filed against Citigroup a year ago. The amended suit called the actions of Citi leaders "a quasi-Ponzi scheme" to hide troubles - and keep Citi stock afloat while insiders unloaded about 3 million shares between Jan. 1, 2004 and Feb. 22, 2008 for huge profits.

In addition to Citigroup, Rubin and Prince, the complaint names Vice Chairman Lewis Kaden, ex-CFO Sallie Krawcheck and her successor CFO Gary Crittenden.

Rubin cleared $30.6 million on his stock sales, while Prince got $26.5 million, former COO Robert Druskin got nearly $32 million and former Global Wealth Management unit chief Todd Thomson got $25.7 million, the suit said.

Citi denied the allegations and said it "will defend against it vigorously."

If I may parrot Bot...

"It was Bush's fault."

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M. G. Burg
'10 - Dakota SXT - Daily Ride / ≈ 172.5K
.'76 - 450SLC - 107.024.12 / < .89.20 K
..'77 - 280E - 123.033.12 / > 128.20 K
...'67 - El Camino - 283ci / > 207.00 K
....'75 - Yamaha - 650XS / < 21.00 K
.....'87 - G20 Sportvan / > 206.00 K
......'85 - 4WINNS 160 I.O. / 140hp
.......'74 - Honda CT70 / Real 125
.
“I didn’t really say everything I said.”
. . . . . . . . . . . . . . . . . . ~ Yogi Berra ~

I suggest a nice ice-cold shower for all the Nay-sayers.

cops do not regulate financial institutions.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Oh wow. Now there's another distinction without a difference.

What do you call a person who is sworn to enforce the law, "Tooth fairy"?

This just in, I was wondering when I would hear of someone I know or at least have met that got smacked by Madoff. A friend of mines mom lived in a condo complex in near Palm Beach, most of the tenants were well to do Jew's, most of them bragged about their investments with Madoff, many of them are now wiped out. I guess there is a high end pawn broker scouring the complex for jewelry, art, cars ect.


Don't get me into the irony of this.

He was the chairman of NASDAQ. I guess people were dazzled by his credentials and thus overlooked things they would have questioned had it been anybody else. I wonder if people will now drop the term "Ponzi scheme" in favor of "Madoff Scheme?" He has out-Ponzied even Ponzi.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles