Home |
Search |
Today's Posts |
#1
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
Bernard Madoff arrested over alleged $50 billion fraud
Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. - - - Yep..."investments...that's the ticket." |
#2
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
On Fri, 12 Dec 2008 08:38:03 -0500, HK wrote:
....nothing. Another cut'n'paste from the masterpaster. -- John |
#3
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
Government hates competition. "HK" wrote in message ... Bernard Madoff arrested over alleged $50 billion fraud Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. - - - Yep..."investments...that's the ticket." |
#4
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
HK wrote:
Bernard Madoff arrested over alleged $50 billion fraud Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. Isn't he a registered Democrat? |
#5
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
On Dec 12, 6:34*pm, BAR wrote:
HK wrote: Bernard Madoff arrested over alleged $50 billion fraud Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. Isn't he a registered Democrat?- Hide quoted text - - Show quoted text - Easiest way to find out is to check out the story in the New York Lies... If they say "REPUBLICAN" in the first line of the story he is a repub. If they don't note his party at all, he is a dem.. CNN and MSNBC too.. |
#6
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
On Dec 12, 6:51*pm, wrote:
On Dec 12, 6:34*pm, BAR wrote: HK wrote: Bernard Madoff arrested over alleged $50 billion fraud Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses.. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. Isn't he a registered Democrat?- Hide quoted text - - Show quoted text - Easiest way to find out is to check out the story in the New York Lies... If they say "REPUBLICAN" in the first line of the story he is a repub. If they don't note his party at all, he is a dem.. CNN and MSNBC too..- Hide quoted text - - Show quoted text - It's called "Drop D reporting".. |
#7
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
"BAR" wrote in message ... HK wrote: Bernard Madoff arrested over alleged $50 billion fraud Fri Dec 12, 2008 12:40am EST By Edith Honan and Dan Wilchins NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. Isn't he a registered Democrat? http://www.newsmeat.com/fec/bystate_...&first=Bernard |
#8
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
|
#9
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
|
#10
posted to rec.boats
|
|||
|
|||
Capitalism's finest hour
On Dec 12, 7:13*pm, Boater wrote:
Most of the big-time crooks in the political arena seem to be Republicans, from the "moneyed" class Complete bull****.. but we expect no less from you... |
Reply |
|
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
20 hour vs. 50 hour battery rating | Electronics | |||
Bush's finest hour! | ASA | |||
OT - Florida Keys Finest! | ASA | |||
Union Hypocrisy at its finest | General |