The other shoe is about to drop... And this guy, maybe, "madoff w/some ROLEX" too !

[STEELINOX]

Is this man the real
reason why Heiniger resigned?

Hmm...

[Bisquitlips]

[SLS]

Massive price increases.......and now you know "the rest of the story"!
~Scott

[toph]

possibly?
all the big shots wanted to invest with him and his amazing rates.

A financier complained against him and his Ponzi scheme practice years ago but nothing was done

[ArizonaHD]

Greedy people deserve to get burned.

[toph]

Originally Posted by ArizonaHD

Greedy people deserve to get burned.

Bingo

[Defiancekofb]

So he will get 5-7 years and a 5 million dollar fine. Once he gets out, he'll fly to Zurich and withdraw his billions. Unless his family already did. Another end result on the deregulation of wall street.

[toph]

Originally Posted by Defiancekofb

So he will get 5-7 years and a 5 million dollar fine. Once he gets out, he'll fly to Zurich and withdraw his billions. Unless his family already did. Another end result on the deregulation of wall street.

The guy owes billions and you are telling me thet they will not be able to freeze,and repatriite some of his funds to rightful owners even from Switzerland?

[ArizonaHD]

Hmm what about the shipments I recieved from Mr. Madoff, I think I'll make off with this, I am in the process of "laundering" it as illustrated in the bottom picture.

[Defiancekofb]

Originally Posted by toph

The guy owes billions and you are telling me thet they will not be able to freeze,and repatriite some of his funds to rightful owners even from Switzerland?

Sure they will be able to freeze assets and re distribute them, but you think the guy that stole $50 billion didn't have the foresight, to store and hide some of that money so that in case the $*t hit the fan, so that he would be financially prepared if he went away.

[toph]

Originally Posted by Defiancekofb

Sure they will be able to freeze assets and re distribute them, but you think the guy that stole $50 billion didn't have the foresight, to store and hide some of that money so that in case the $*t hit the fan, so that he would be financially prepared if he went away.

yeah for sure but this guy has affected massive companies all over the world. Sure he will have put stuff in his wife's name etc but if that was done in the last ten years then (in the UK, not sure about US or internationally) they can still take this back 'IF' he is held personally responsible.

[madrin]

This guy will do some time...probably less than 3 years when all is said and done. then he'll be let out to collect the hidden stashes, and out of all the billions in paper value he had most will have been liquidated at pennies on the dollar. That's happening right now in the markets.

...but at the end of the day, he'll live out his life with paltry millions....200 or so. And no one will ever be able to touch him.

was it worth is to him...

you bet your a$$ it was

[GradyPhilpott]

His wife is under investigation, too.

So far, Rolex has not shown up on any list of investors that I've seen.

I'm hoping that it stays that way.

More than anything, I'm glad I bought my Rolex when I did.

[Defiancekofb]

Originally Posted by madrin

This guy will do some time...probably less than 3 years when all is said and done. then he'll be let out to collect the hidden stashes, and out of all the billions in paper value he had most will have been liquidated at pennies on the dollar. That's happening right now in the markets.

...but at the end of the day, he'll live out his life with paltry millions....200 or so. And no one will ever be able to touch him.

was it worth is to him...

you bet your a$$ it was

I agree he could have just pulled a Marc Rich and fled to Switzerland, Cayman islands, Venezuela, Panama. Countries that have no extradition laws on white collar crimes. But I guess he got off on the fact that he wasn't caught, until now. He pushed his luck and finally lucked out.

[madrin]

Originally Posted by Defiancekofb

I agree he could have just pulled a Marc Rich and fled to Switzerland, Cayman islands, Venezuela, Panama. Countries that have no extradition laws on white collar crimes. But I guess he got off on the fact that he wasn't caught, until now. He pushed his luck and finally lucked out.

Rich was a little different in that basically he defrauded the G...which in the end IS the taxpayer (and I dunno about you but I pay a LOT of taxes), but isn't the killer of pensions and charitable trusts that Madoff will likely be.

Honestly I don't care even a little about the people who had millions and wanted more. There are ways to do that yourSELF if you take even a little bit of time to research, but greed knows no bounds. Guess you make your own bed....

....The rats are jumping of the ship now, which is good. I remember this from 72 and again in 88-89....and though it seems bad now, this is NOTHING. Aside from real estate, things just aren't that bad, and for those of us who see their house as primarily a place to live, there's nothing to sweat...unless you used it as an ATM...

...in which case you might be SOL, but that's no one elses fault,,,

[HYDROMAROC]

Originally Posted by SLS

Massive price increases.......and now you know "the rest of the story"!
~Scott

Paul Harvey..???

[SLS]

Originally Posted by HYDROMAROC

Paul Harvey..???

With a whistle in my teeth!
Scott

[Trurolexer]

Originally Posted by ArizonaHD

Hmm what about the shipments I recieved from Mr. Madoff, I think I'll make off with this, I am in the process of "laundering" it as illustrated in the bottom picture.

I Want Money...Lots of Lots Of Money...I Wann Be RICH!!!

[mickeydainish]

I havn't heard of the guy..... I will Google him and get edjumucated!!! :-)

[Defiancekofb]

Originally Posted by madrin

Aside from real estate, things just aren't that bad, and for those of us who see their house as primarily a place to live, there's nothing to sweat...unless you used it as an ATM...

...in which case you might be SOL, but that's no one elses fault,,,

AMEN, I saw this news report of this sheriff in Dallas, who is basically the undertaker, he kicks out owners of foreclosed homes who refuse to leave the residence, even though the bank owns it now. This woman was crying in front of her home, it was a new construction, 6,000+ SQ FT Mansion backyard overlooks a country club golf course, and it was gated. I felt no remorse, if you can't afford the house, why try and purchase it in the first place? to people who try to keep up with the Joneses.

[STEELINOX]

Originally Posted by GradyPhilpott

His wife is under investigation, too.

So far, Rolex has not shown up on any list of investors that I've seen.

I'm hoping that it stays that way.

More than anything, I'm glad I bought my Rolex when I did.

Will not "just" show up on any list as "ROLEX SA" there will be a cover name to conceal the true identity; we may never know...

[Hatchet]

Originally Posted by madrin

This guy will do some time...probably less than 3 years when all is said and done. then he'll be let out to collect the hidden stashes, and out of all the billions in paper value he had most will have been liquidated at pennies on the dollar. That's happening right now in the markets.

...but at the end of the day, he'll live out his life with paltry millions....200 or so. And no one will ever be able to touch him.

was it worth is to him...

you bet your a$$ it was

You are dreaming. He will get a lot more than 3 years--and he will scrape together some money when he gets out but it won't be 200 million.

[GinGinD]

Rolex has denied losing any money in the Madoff scheme. Whether that's true or not I can't say. Only that they've denied it.

Jeannie

[milspec]

Originally Posted by Defiancekofb

So he will get 5-7 years and a 5 million dollar fine. Once he gets out, he'll fly to Zurich and withdraw his billions. Unless his family already did. Another end result on the deregulation of wall street.

And this scumbag bastard will spend time in a luxurious prison and have visitor privileges and will be able to leave for the weekends ... and we pay