Former Nasdaq chairman charged with fraud

[Bindare_Dundat]

Former Nasdaq chairman Bernard Madoff was arrested Thursday and charged with a single count of securities fraud for allegedly operating a multibillion-dollar Ponzi scheme from his investment advisory business, federal authorities said.

Madoff, 70, operated the advisory business separately from his Bernard L. Madoff Investment Securities, a securities broker dealer with its principal office in New York City, the Department of Justice said.

A source with knowledge of the investigation told CNN that Madoff appeared in court Thursday and bail was set at $10 million bond. The bond was signed and Madoff was released.

According to the complaint filed with the U.S. District Court of Southern New York, two senior employees of the securities broker firm told investigators that Madoff ran the advisory business from a separate floor of the securities firm offices. One of the senior employees said that Madoff kept the advisory business' financial records under lock and key and was "cryptic" about its business.

A document filed by Madoff with the Securities and Exchange Commission early this year said the advisory business served between 11 and 25 clients and had about $17.1 billion in assets, the complaint said.

But on Wednesday, the complaint said, Madoff told senior employees that the advisory business was a fraud, that he was "finished," had "absolutely nothing," that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme."

[Slapper]

17.1 billion dollars up in smoke.

And then they say the enemy is the UAW!

Let's see... $ 43.00/hour vs 17.1 billion per year.

Yup, looks like we've got ourselves a fair and balanced case here.

Notice how "quiet" this story was kept by the mainstream/propagandist media? Yet some union schmuck sitting around playing cards for a day or two, while his bosses negotiate a life or death contract, is given primetime, extensive coverage.



Yu du da mat.

[Soul Crusher]

17.1 billion dollars up in smoke.

And then they say the enemy is the UAW!

Let's see... $ 43.00/hour vs 17.1 billion per year.

Yup, looks like we've got ourselves a fair and balanced case here.

Notice how "quiet" this story was kept by the mainstream/propagandist media? Yet some union schmuck sitting around playing cards for a day or two, while his bosses negotiate a life or death contract, is given primetime, extensive coverage.



Yu du da mat.

He is another liberal democrat thief like the rest of them.

http://www.newsmeat.com/fec/bystate_detail.php?last=Madoff&first=Bernard


Check out the link.

This was another billionaire liberal thief like Soros and Paulson.

[240 is Back]

He is another liberal democrat thief like the rest of them.

Would you place Bush & Cheney in this list of liberal dems who just want to print $ to give away?

[Soul Crusher]

Would you place Bush & Cheney in this list of liberal dems who just want to print $ to give away?

Bush - absolutely.  He is a socialist pro-lifer.  His second term has been a disaster.


Maddoff is a typical limousine liberal billionaire and should be shot on the spot.

He is no different than George Soros and the rest of the wall street bums, who, by an large give more money to dems than reps. 

   

[Slapper]

He is another liberal democrat thief like the rest of them.

http://www.newsmeat.com/fec/bystate_detail.php?last=Madoff&first=Bernard


Check out the link.

This was another billionaire liberal thief like Soros and Paulson.

Dude, dude, dude, I ain't saying only republicans are corrupt.

READ guy!!! READ!!!

[Soul Crusher]

Dude, dude, dude, I ain't saying only republicans are corrupt.

READ ####!!! READ!!!

They should all be shot. 

Corruption, greed, and theft is not political issue, its a moral one and both parties and their lackeys are guilty as sin.

Liberals are no less guilty of greed and theft and the GOP. 

We need the gallows to be brought back very soon.

[Slapper]

They should all be shot. 

Corruption, greed, and theft is not political issue, its a moral one and both parties and their lackeys are guilty as sin.

Liberals are no less guilty of greed and theft and the GOP.

And who the fuck is saying otherwise?!

Look, do me a favor, don't just grab something out of your arse and drop a bomb like that.

Get your compulsie typing under control bud!

[Soul Crusher]

And who the fuck is saying otherwise?!

Look, do me a favor, don't just grab something out of your arse and drop a bomb like that.

Get your compulsie typing under control bud!

All I read here over and over and over is how the GOP are thieves, the GOP are criminals, the liberals are great, the liberals are nobel.

Both stink!

This guy Maddoff needs to be put on public trial and have a public execution.

This mini-satan stole billions from charities, churches, temples, people, and everyone to fund his lavish lifestyle.

I am sick of this crap with these wall streeters.

 

[Slapper]

Allright, where's the friggin camera?!

[Soul Crusher]

Allright, where's the friggin camera?!

I'll provide the camera and shoot the pictures.  We may disagree on certain issues, but theft, greed, and corrpution is not on eof them. 

This garbage is destroying this nation and people need to be executed and shot.

I live in NYC area and have to see these disgusting uber-rich people drive around in their Bentleys, Rolls',  and live in mansions in Greenwich, Purchase, Scarsdale, and Great Neck the size you would never imagine!  I'm serious, i have seen the mansions these devils live in that would make the White House look small. 

These slobs and satanic beings are destroynig this country so they can live lavish lifestyles that the ceasars would envy.

I am not rich.  I am a small business owner and only strive to be comforatable, not filthy rich.  This type of thing disgusts me to no end. 

God only knows how many others there are like this guy.     

[Slapper]

Billions of our tax dollars are being given away wholesale to Big Business. Just during the past couple of days another case of a corrupt financier using a Ponzi scheme to steal billions of dollars from the public came to light... momentarily as usual. Logically speaking the media ought to be all over this story, knowing how harmfull these scandals are to the investor psyche. Instead, our media, showing their propagandist ways we've seen many times before, has decided not to run the story. The dropped it. Simple as that. A guy steals billions of dollars and they say nothing. Logically, and thankfully, the foreign media groups are all over it like white on rice, so we're getting some unadulterated news... at the very least.

So, you may ask, what is the media reporting?

CNN: "Judge gives courthouse killer life without parole". I shit you not!



ABC: "Obama Defense Pick's Warning: Don't Dare Test Us ".



MSNBC: "Frozen states struggle to restore power".


By the way, this is the very same group of people Bush wanted to manage YOUR retirement benefits.

Capisci?

[Soul Crusher]

The media is a joke in this country. 

This Maddoff thing really stinks even worse because he prayed on his own kind.

The enemy within is always worse than the enemy abroad.

[Slapper]

The media is a joke in this country. 

This Maddoff thing really stinks even worse because he prayed on his own kind.

The enemy within is always worse than the enemy abroad.

Dude, he was the chairman of Nasdaq!

He implemented and broke the rules.

I mean, this game of pseudo-capitalism/pseudo-free market rethoric has to stop.

The head fucking honcho is running a pyramid scheme!

HO-LY SHIT!