LOL
Bernie Madoff’s name is MADOFF, the mastermind behind the Ponzi scheme was CHARLES PONZI.
In the 1920s, Charles Ponzi carried out this scheme and became well-known throughout the United States because of the huge amount of money that he took in.[5] His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself.[6] Unlike earlier, similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.[7]
His ‘victims’ were also his willing accomplices. They lost their wealth because of their greed and lack of due diligence, and were conspirators. I’m not victim blaming, or excusing his behavior, but a life in prison, forced to reconcile your conscience with what you had done, is preferable justice to an execution in this case IMO.
Fauci however, with the number of lives he has taken...
Madoff had used his sterling reputation on Wall Street to gain the trust necessary to lure his victims into buying into his Ponzi scheme. He would have never been able to pull it off had he not had the reputation. I believe at the beginning of his career he just didn’t have the heart to book losses for his clients, and it probably would have ended his career early. So one lie just led to another, building on each other a massive structure that inevitably collapsed. Similar to Fauci in many ways.
Fred Wilpon and Saul Katz were in on it. In stead of following the markets to make bank, they were following and investing in the Ponzi schemes, as were many other jews on this jew on jew crime.
He was just the pawn...there were bigger people behind that grift
Bernie said EVERYBODY was doing what he was doing, including Goldman and JP Morgan.
Patsy for the ponzi.
Let this be a lesson to you children, NEVER steal money from rich people!
He only got 150 years in jail because he stole from a certain tribe
LOL Bernie Madoff’s name is MADOFF, the mastermind behind the Ponzi scheme was CHARLES PONZI.
In the 1920s, Charles Ponzi carried out this scheme and became well-known throughout the United States because of the huge amount of money that he took in.[5] His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself.[6] Unlike earlier, similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.[7]
Ahh, the devil welcomes one of his own.
Who knows? Maybe someday we will know the real story.
They never should have let him rot in prison and given him a speedy execution for his crime instead.
His ‘victims’ were also his willing accomplices. They lost their wealth because of their greed and lack of due diligence, and were conspirators. I’m not victim blaming, or excusing his behavior, but a life in prison, forced to reconcile your conscience with what you had done, is preferable justice to an execution in this case IMO.
Fauci however, with the number of lives he has taken...
Madoff had used his sterling reputation on Wall Street to gain the trust necessary to lure his victims into buying into his Ponzi scheme. He would have never been able to pull it off had he not had the reputation. I believe at the beginning of his career he just didn’t have the heart to book losses for his clients, and it probably would have ended his career early. So one lie just led to another, building on each other a massive structure that inevitably collapsed. Similar to Fauci in many ways.
Its a fascinating story.
Bernard Lawrence Madoff (BLM) ?
Too bad, they could have put him to work at the US Social Security Administration.
One more down, so many to go. Tick tock, tick tock
A lot of the D's posterboys dropping like flies all of a sudden.
Fred Wilpon and Saul Katz were in on it. In stead of following the markets to make bank, they were following and investing in the Ponzi schemes, as were many other jews on this jew on jew crime.