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If ever there was a person that should be water boarded, Bernie Madoff takes the cake. Atl east here, you get to express your “warm feelings” for this fallen Wall Street whore and give water boarding a whole new meaning. We beg you to place these all over Wall Street [...] J. Ezra Merkin, the New York financier who lost more than $2.4 billion of his clients’ money in Bernard L. Madoff’s Ponzi scheme, has agreed to place his three hedge funds into receivership and turn them over to a liquidator. Merkin has also been charged with lying by New York Attorney General Andrew Cuomo and [...] Walter and Monica Noel of FGG Madoff trustee Irving Picard continues to sue beneficiaries of Madoff’s fraud for ill-gotten gains, and he’s now trained his guns on the biggest beneficiary of all: Fairfield Greenwich Group. He wants $3.2 billion back–or all the money FGG took off the table on behalf of clients from 2002 [...] Investigators are turning their focus to some of Bernie Madoff’s largest “victims”, as evidence piles up that they must’ve known fraud was at hand. The damning part: Some would specifically request a certain level of returns in advance. That’s right. They requested gains, and Madoff gave them those gains by booking fictitious trades. Something really [...] The trustee has previously filed $10.1 billion in claims against hedge funds and others to return fictitious profits. IMO, Madoff’s wife and sons should be left penniless, unless they can somehow show that some of their money was not ill-gotten. Bernard Madoff’s longtime secretary said Wednesday that she believes the disgraced financier is not cooperating with authorities in order to protect others She’s writing a 9,000 word article about this for Vanity Fair Gary Weiss It’s perfectly credible that Madoff is protecting somebody. What isn’t especially credible is that Ms. Squillari would not [...] One of Madoff’s feeder funds was Fairfield Greenwich who say they did enormous due diligence. The State of Massachusetts says otherwise in their lawsuit against them citing, among other things, a 2005 phone call between Madoff and Fairfield execs about how to manage regulators. Madoff: “Obviously, first of all, this conversation never took place, [...] Pond scum Madoff’s 74-year-old sister is “is watering plants and driving people to the airport to make ends meet” because Bernie stole her money too. Meanwhile, his wife, it is thought, has “caches of laundered funds hidden around the world in her name.” Meanwhile, feeder feed honcho Ezra Merkin has been charged with [...] Blagojevich indicted on federal corruption charges. They gonna put him so far back in prison they’ll have to pipe in sunlight. Madoff’s victims seek to force him into bankruptcy. Funds tied to Madoff in legal vise including the poster child for it all, Fairfield Greenwich Group, who are simply shocked that their lack of due [...] The court order from a Connecticut judge includes Fairfield Greenwich Group, a big hedge fund who said they did due diligence on Madoff but apparently did little but pass money on to him, collecting steep fees for doing so. This is big. When they say frozen, they mean frozen. No withdrawals, no credit cards, no [...] |  | ||||
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