Bernard L. Madoff Arrested
The Zionist, and Nasdaq stock market chairman, was arrested on a
$50 billion securities fraud charge Thursday. He was released on $10
million bail secured by his signature and that of his wife.
Madoff, 70, the founder of Bernard L. Madoff Investment Securities
LLC, maintained a separate and secretive investment-advising business
that served between 11 and 25 clients and had a total of about $17.1
billion in assets under management, prosecutors said.
Andrew M. Calamari, associate director of enforcement in the SEC's New
York office, said the SEC was alleging "a stunning fraud that appears
to be of epic proportions."
A criminal complaint charged that the investment adviser business was
a fraud and lost at least $50 billion.The employees understood
Madoff's admission to mean that "he had for years been paying returns
to certain investors out of the principal received from other,
different, investors," said the complaint, which did not identify the
investors impacted by the scheme.
Defense lawyer Dan Horwitz called Madoff "a person of integrity" and
said he intends to fight the charge.
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Madolff Just Made Bad Investments
When the FBI cuffed Madoff he claimed that he just made bad
investments for his clients.
"Madoff stated, he had personally traded and lost money for
institutional clients, and that it was all his fault,"
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It Was A Zio-Ponzi Scheme
Abe Madoff, and Bennie Shine, and a few others just cooked the
books. They took $50 billion, sent if offshore, collected 12%, and
paid the investors 16%. After a few yrs people flocked to them, and
never even bothered taking the interest, because these boys were
golden.
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How Does It Work?
Abe starts a fund, and the initial investors are his pals. They
report making 20% for a few years and the goyim start to flock in.
Naturally there is a clause that there is a three year redemption
clause on the principal, but they could get their interest. So Abe
gets 10% in T-bill interest and gives the 'Mark' 15% (Abe now has
95% of the principal). Abe will pay off a few low investment
Goyim, and the word on the street is it's a solid fund.
The second group of investors are reassured and never touch the
principal or interest. It's 15 years later and he claims when the
stock market collapsed, and that's the reason his Hedge fund
tanked.
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A Fellow Bloods-Man Will Be The Judge
Abe will get a Zionist judge and the case will take years,
and the gold coins will never be seen again.
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Will Abe Madoff Serve Time?
If things look dicey, he will be on a jet to Tel Aviv
in a New York minute.
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All Jewish Investors
In a total panic the Zionists now claim they were
the only victims. The fool in charge of the FDIC has
authorized billions to be paid to these Jewish
investors despite no paperwork. 6
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Judge Gabriel W. Gorenstein
Judge Gabriel W. Gorenstein relaxed the the
bail package. Madoff had to sign over his
Upper
East Side apartment and his homes in Palm Beach
and the Hamptons, naturally they had 90% mortgages.
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U.S. Attorney General Michael Mukasey
This Zionist removed himself from the probe because
he, and his son, Marc Mukasey, were involved with
Matoff.
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The Money Is $100 Billion And
It's In Israel
Madoff hide the
money in Switzerland, but the IRS was closing in so
he transferred it to Israel. He, and a number of his
partners, had judgement claims from past frauds.
Most money was made subprime mortgages to
unqualified borrowers and then tranching the
mortgages into CDOs and circulating the CDOs among
US pension funds including GM, GE, IBM and
Califorina's State pension fund. Some of the wealth
was also gotten through investments in Vegas housing
sub divisions and Miami condo projects at the height
of the real estate bubble.
With the money in
Israel, they guarantee repaying Jewish Charities.
Finally, sources say that the wealth from Madeoff's
has been fully transfered to Israel and that "most
if not all of the clients have been made aware" that
their money is available to them in Israel and that
it was felt that this was a necessary measure in
protecting certain high level clients in the face of
a collapse of the USA.
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Sources say that
Madeoff has a base in Israel and that he will offer
all clients his services there as a continuem to his
services in New York.
Speculation has it that he is advising transfer of
client's funds into physical gold holdings in coded
safety deposit boxes. This advice jives with the
notion that the money needed to be taken out of the
US on fear of collapsing US dollar and seizure of
funds by IRS and courts for frauds committed during
the sub prime bubble.
Madeoff's clients are
not just in the US. He has moved funds to
Israel
for clients in Russia, France, England and Swiss in
the scheme in which he is involved.
Some insiders are saying the amount involved may be
closer to
$100
Billion.
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The SIPC Has A $3.6 Billion Bailout Fund
Reserves are available to satisfy the remaining
claims of each customer up to a maximum of
$500,000.
Ms. Wang indicated to us that the SIPC has a
budget of just $1.6 billion and a few credit lines
worth $2 billion total. While SIPC is a non-profit
organization, they have indicated to us that they
will try to make as many people as whole as
possible. They claim to be free from any conflicts
of interest, even if the amount needed would
eclipse their budget. When asked if the Madoff
claims came in at $5 billion what would be done,
Ms. Wang indicated to us that they could look to
Congress for the money.
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