[4Speed]

Ya know, I can’t relate to this. Never ever been in this League.
Trusting others with your Millions for investment ?

Even I know better than that.......Lazy rich people handing over Money to other Rich People. Again, I just can’t relate to this news.....sorry.

[Wil H]

Didn’t Chelsea Clinton have a job with one of the Hedge Funds?

[Lucius Cornelius Sulla]

Isn’t this the single largest financial crime in world history?

[tcrlaf]

Madoff is a BIG Schumer and DNC Donator. He’s one of NEw York’s TOP Democrats, and goes to all of the “right” parties.

You’ll notice how little play this is getting in the media??

[Liz]

"It appears that at least $15 billion of wealth, much of which was concentrated in southern Florida and New York City, has gone to 'money heaven,'"

Hah.

I do not believe the so-called "investors" sob stories for a nanosecond.

As the bard of Avon wrote: “tis better to be thought a hapless victim of a Ponzi scheme than to admit to tax evasion.”

The warning signs were there for all to see:

STEADY RETURNS UNDER EVERY MARKET CONDITION---whether up or down

ASSETS ESTIMATED AT $13B BUT Madoff's FILINGS SHOW HOLDINGS OF LESS THAN $1B IN SHARES.

Impossible to believe astute businessman who made fortunes in competitive businesses would allow themselves to be scammed……unless......these elites were in collusion with Madoff to engage in a massive tax evasion scheme.

That would explain why savvy, astute businessmen people were giving this guy huge sums ---$100-500 million--- to “invest.”

Keep in mind, at the end Madoff was left with some $300 million out of $50 billion. That much money does not just evaporate.

Apparently Madoff kept a cut of the “investment” and wire-transferred the bulk offshore to friendly money laundering havens.

The whole scam crashed b/c Madoff probably wanted a bigger cut but the "investors" refused.