"F*ck my victims" - Bernie Madoff

[Quantum]

Link to Article (http://blogs.telegraph.co.uk/news/melissawhitworth/100042457/%E2%80%9Cf-my-victims-i-carried-them-for-twenty-years%E2%80%9D-new-york-magazine-profiles-bernie-madoffs-life-inside/)


'F� my victims. I carried them for 20 years': New York magazine profiles Bernie Madoff's life inside

By Melissa Whitworth World Last updated: June 7th, 2010

That’s right. That charming quote comes from New York magazine, whose reporter Steve Fishman has just written about life inside prison for the world’s most infamous Ponzi scheme investor:

In prison, he crafted his own version of events… Madoff explained the trap he was in. ‘People just kept throwing money at me,’ Madoff related to a prison consultant who advised him on how to endure prison life. ‘Some guy wanted to invest, and if I said no, the guy said, ‘What, I’m not good enough?’ ’ One day, Shannon Hay, a drug dealer who lived in the same unit in Butner as Madoff, asked about his crimes. ‘He told me his side. He took money off of people who were rich and greedy and wanted more,’ says Hay, who was released in December. People, in other words, who deserved it.

Another prisoner who’d spent time with Madoff had seen a 60 Minutes devoted to his crimes. Admiringly, the prisoner commented that he’d cheated his clients out millions of dollars. “No, billions,� Madoff corrected him.

Fishman’s piece is fascinating because it details Madoff’s unguarded moments, talking to other prisoners. He has nothing to lose now he’s inside, serving 150 years. As the headline says: Bernie Madoff is free at last.



EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo

[Ash_Williams]

Hahah 150 years for running a pension ponzi scheme while we let murderers out after a decade.

[Twisted Titan]

That is text book mental profile on a socipath

absolute zero remorse

The only victim in the hustle was him.

He fits right in with " those people"

[osoab]

I wonder why Bernie hasn't "died" yet.

The _-_-'em attitude appears to me to prevalent in the world of high finance.

Nothing new. Just a headline grabber.

[MAGNES]

Wayne Madsen covered in detail how Madoff
moved money out of the country to Israel.

Madoff was also Nasdaq key player and Chief .

Nasdaq the swindlers market where you can
go to jail for doing in NY what they do on the
Nasdaq. Who remembers the huge scandals
of the late 90's about the Nasdaq, their
$1.7 B fine, notice the MSM is never talking
about the Nasdaq, they are all in on your
fleecing. Nasdaq has ripped me of personally
on their stops stealing. They do it to everyone.
They do not follow the rules, imagine now
how corrupt it is compared to past, the past
was bad.

And the number is not $65 Billion but DOUBLE THAT according to
the whistle blower and he gave that testimony to Congress that
did nothing with the information. Just as much was stolen from
Europeans according to the main whistle blower and investigator.

[StreetsOfGold]

The reason he has this attitude is really quite simple (and it implies to ANYONE for similar reasons) His conscience.
It bothers him, SO to "deal" with it he can only do one of two things.
Get right with God
OR
Convice himself it doesn't matter or what the Bible calls SEARING your conscience. This results in some very nasty attitudes and/or remarks.

[osoab]

The reason he has this attitude is really quite simple (and it implies to ANYONE for similar reasons) His conscience.
It bothers him, SO to "deal" with it he can only do one of two things.
Get right with God
OR
Convice himself it doesn't matter or what the Bible calls SEARING your conscience. This results in some very nasty attitudes and/or remarks.


He seared his conscience long ago. I don't think men such as Bernie put much thought into getting right with God.

I feel there are far too many people of this personality type to brush it off on conscience alone. To me, it just feels like this is hard wired into the brain.
We are not keeping them in check.

[gunDriller]

there is a HUUUUGE detail that needs to be mentioned.

the scam was not that Bernie Madoff ran a Ponzi scheme.

the scam was that Bernie Madoff ran a conventional investment business, and experienced huge losses, and his customers were not happy.

Bernie, as a former head of the SEC, knew the laws inside and out, and he pointed out that there was one solution.

If he confessed to fraud, the US government would reimburse his shareholders (to the tune of $65 billion).

And no proof of the fraud would be required, other than his confession.

It is covered in more detail in a March 27 webcast with Mohammed Rafeeq
http://iamthewitness.com/audio/Muhammad.Rafeeq/TFC.SMITH.RAFEEQ.27-03-2010.mp3


If you remain convinced that Madoff ran a Ponzi scheme ... where is the proof ? - other than his confession.

So - if you were 70 years old - would you confess to a crime that would get you a slap on the hand if it would get the US government to give your friends & family & very angry customers $65 billion ?

Madoff's victims were not his customers that were alleged to lose money via his investments.

Madoff's victims were the people who ended up bailing out his investment customers.

the US taxpayer.


the "Ponzi scheme" is the story they made up so that Madoff's shareholders could be re-imbursed at US taxpayer expense.

[zap]

I don't have any use for Madoff and sorry for the people who lost their life savings, He was a crook plain and simple, But I wouldn't expect him to be sorry for what he did.

No regrets.

[osoab]

If he confessed to fraud, the US government would reimburse his shareholders (to the tune of $65 billion).

And no proof of the fraud would be required, other than his confession.

If you remain convinced that Madoff ran a Ponzi scheme ... where is the proof ? - other than his confession.

So - if you were 70 years old - would you confess to a crime that would get you a slap on the hand if it would get the US government to give your friends & family & very angry customers $65 billion ?

Madoff's victims were not his customers that were alleged to lose money via his investments.

Madoff's victims were the people who ended up bailing out his investment customers.

the US taxpayer.

the "Ponzi scheme" is the story they made up so that Madoff's shareholders could be re-imbursed at US taxpayer expense.


I thought Barfarsky (sp?) had the proof.

Where is it shown that his investors where paid out @ 100 cents on the dollar? Especially by Fed Gov.

I am sure his higher dollar clients got a good chunk back, but the lower eschelon probably gets squat.

[undgrd]

I believe I read his victims settled for 15B

[MNeagle]

I believe I read his victims settled for 15B


$15.5 Link to GS-US Thread (http://gold-silver.us/forum/finance-and-economics/madoff-investors-banks-settle-for-$15-5-billion-lawyers-say/)


EDIT: Fixed link. -Gaillo

[Quantum]

I don't think men such as Bernie put much thought into getting right with God.


On the contrary, the "god" of the Talmud instructs Jews to do exactly what Bernie-Boy did. Only he wasn't supposed to do it to fellow chosenites.

[osoab]

I don't think men such as Bernie put much thought into getting right with God.


On the contrary, the "god" of the Talmud instructs Jews to do exactly what Bernie-Boy did. Only he wasn't supposed to do it to fellow chosenites.


Can you point me in the right direction to look this up? I had never heard that Bernie was hardcore. I thought most money men had no countries or god to answer to.

[KumbayaMan]

there is a HUUUUGE detail that needs to be mentioned.

the scam was not that Bernie Madoff ran a Ponzi scheme.

the scam was that Bernie Madoff ran a conventional investment business, and experienced huge losses, and his customers were not happy.

Bernie, as a former head of the SEC, knew the laws inside and out, and he pointed out that there was one solution.

If he confessed to fraud, the US government would reimburse his shareholders (to the tune of $65 billion).

And no proof of the fraud would be required, other than his confession.

It is covered in more detail in a March 27 webcast with Mohammed Rafeeq
http://iamthewitness.com/audio/Muhammad.Rafeeq/TFC.SMITH.RAFEEQ.27-03-2010.mp3


If you remain convinced that Madoff ran a Ponzi scheme ... where is the proof ? - other than his confession.

So - if you were 70 years old - would you confess to a crime that would get you a slap on the hand if it would get the US government to give your friends & family & very angry customers $65 billion ?

Madoff's victims were not his customers that were alleged to lose money via his investments.

Madoff's victims were the people who ended up bailing out his investment customers.

the US taxpayer.


the "Ponzi scheme" is the story they made up so that Madoff's shareholders could be re-imbursed at US taxpayer expense.


BINGO!!!! and not only do they get bailed out for their initial "investment" but the non-existant "profits"....

All the while the original money is GONE.... POOF..... like Kaiser Sose....

So where'd it go??? The usual suspects.....

Sounds like a win - win for all involved

[Quantum]

I don't think men such as Bernie put much thought into getting right with God.


On the contrary, the "god" of the Talmud instructs Jews to do exactly what Bernie-Boy did. Only he wasn't supposed to do it to fellow chosenites.


Can you point me in the right direction to look this up? I had never heard that Bernie was hardcore. I thought most money men had no countries or god to answer to.


http://www.come-and-hear.com/dilling/dcontents.html

All moneymen have "gods" - themselves and/or Satan.

[willie pete]

there is a HUUUUGE detail that needs to be mentioned.

the scam was not that Bernie Madoff ran a Ponzi scheme.

the scam was that Bernie Madoff ran a conventional investment business, and experienced huge losses, and his customers were not happy.

Bernie, as a former head of the SEC, knew the laws inside and out, and he pointed out that there was one solution.

If he confessed to fraud, the US government would reimburse his shareholders (to the tune of $65 billion).

And no proof of the fraud would be required, other than his confession.

It is covered in more detail in a March 27 webcast with Mohammed Rafeeq
http://iamthewitness.com/audio/Muhammad.Rafeeq/TFC.SMITH.RAFEEQ.27-03-2010.mp3


If you remain convinced that Madoff ran a Ponzi scheme ... where is the proof ? - other than his confession.

So - if you were 70 years old - would you confess to a crime that would get you a slap on the hand if it would get the US government to give your friends & family & very angry customers $65 billion ?

Madoff's victims were not his customers that were alleged to lose money via his investments.

Madoff's victims were the people who ended up bailing out his investment customers.

the US taxpayer.


the "Ponzi scheme" is the story they made up so that Madoff's shareholders could be re-imbursed at US taxpayer expense.


BINGO!!!! and not only do they get bailed out for their initial "investment" but the non-existant "profits"....

All the while the original money is GONE.... POOF..... like Kaiser Sose....

So where'd it go??? The usual suspects.....

Sounds like a win - win for all involved



So where did it go? I'd say start looking in jerusalem :D

[Neuro]

I doubt any of Maddoff's investors were victims. They got it back. The European banks together with the US government got hit hardest. Probably some of his closer investors got double reimbursement, from Maddoff and from the US government. They got payed well for shedding those crocodile tears when this was unravelled a couple of years ago.

Madoffs greatest scam was to get caught!

[Bigjon]

Is Bernie still being held in solitary confinement?

Last I heard they were keeping Bernie is solitary... Hint, hint no one sees him. Did he walk out the back door to a waiting limo, a Jewish hero?

[Ash_Williams]

there is a HUUUUGE detail that needs to be mentioned.

the scam was not that Bernie Madoff ran a Ponzi scheme.

the scam was that Bernie Madoff ran a conventional investment business, and experienced huge losses, and his customers were not happy.

That's an interesting angle that I had not heard before.

Either way I object to the term "victims". They weren't victims, they were gamblers and some of them lost. You're not a victim if you put a quarter in a slot machine and nothing comes out.

As for where the money went... well if it was bad investments then it went there. If it was a ponzi/pension scheme, it went to the the less-recent investors as profits.

[Ares]

So what? People fall for Ponzi schemes all the time. Just look at social slavery err I mean social security.

When that ponzi scheme collapses no one will go to jail. But they'll still tell the recipients of said benefits "F*ck my victims" without ever spending a day behind bars.

[sirgonzo420]

So what? People fall for Ponzi schemes all the time. Just look at social slavery err I mean social security.

When that ponzi scheme collapses no one will go to jail. But they'll still tell the recipients of said benefits "F*ck my victims" without ever spending a day behind bars.


That's because they run shit.

[Ash_Williams]

So what? People fall for Ponzi schemes all the time. Just look at social slavery err I mean social security.

When that ponzi scheme collapses no one will go to jail. But they'll still tell the recipients of said benefits "F*ck my victims" without ever spending a day behind bars.

It seems far worse to me because at least Bernie wasn't forcing anyone to buy into his pension scheme.

[Ares]

It seems far worse to me because at least Bernie wasn't forcing anyone to buy into his pension scheme.

I agree 110%

[JDRock]

I don't think men such as Bernie put much thought into getting right with God.


On the contrary, the "god" of the Talmud instructs Jews to do exactly what Bernie-Boy did. Only he wasn't supposed to do it to fellow chosenites.


this is a factual statement.

[Neuro]

It seems far worse to me because at least Bernie wasn't forcing anyone to buy into his pension scheme.

I agree 110%

Actually he did force the taxpayers to foot the bill, or rather the holders of dollars and US debt. Anyway his 'little' Ponzi scheme, got swallowed up by a bigger one.

[Down1]

Bernie says he is dying and wants out now.

Bernie Madoff has ‘less than 18 months to live,’ seeks release from prison
https://nypost.com/2020/02/05/bernie-madoff-has-less-than-18-months-to-live-seeks-release-from-prison/

[woodman]

Bernie says he is dying and wants out now.

https://nypost.com/2020/02/05/bernie-madoff-has-less-than-18-months-to-live-seeks-release-from-prison/
Well, it seems to me he can hang out with Jonathan Pollard on a beach in Israel.. It's ok though, it's not like they are violent or anything. Just boys who got carried away and since they are chosen, why should they have to serve the sentence that was handed so unjustly to them.

[Dachsie]

https://nypost.com/2022/02/20/bernie-madoff-sister-her-husband-dead-in-suspected-murder-suicide/

News

Facebook
Twitter
Flipboard
WhatsApp
Email
Copy

Bernie Madoff’s sister and her husband dead in suspected murder-suicide: cops (https://nypost.com/2022/02/20/bernie-madoff-sister-her-husband-dead-in-suspected-murder-suicide/)

By Jackie Salo
February 20, 2022 10:05am Updated

https://nypost.com/wp-content/uploads/sites/2/2022/02/bernie-madoff-ap.jpg?quality=90&strip=all&w=744

The sister of late fraudster Bernie Madoff and her husband were found dead in Florida in an apparent murder-suicide, authorities said Sunday.

Sondra Wiener, 87, and her spouse Marvin, 90 — whose lives were among those destroyed by Madoff’s $65 billion Ponzi scheme — were discovered dead from gunshot wounds in their home Thursday afternoon in Boynton Beach, the Palm Beach County Sheriff’s Office said.

Deputies received a call at 12:55 p.m. about the couple being unresponsive in their residence, authorities said.

“Upon arrival, deputies located an elderly female and male deceased from a gunshot wound,” the sheriff’s office said.