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Cannot believe what financial idiots are on FR. Not only idiots but full of jealousy, envy, backbiting, class envy etc. These people (and this woman in the article) are victims of a horrible and very deceptive crime. The folks here on FR sound like a bunch of rapid dogs chewing at the heals of someone who has suffered a fall and is wounded in the streets. They feel justified because they are financial “have nots” and cannot with their small minds imagine how someone could possibly have any money to invest since they and their circle don't have squat. They attack the IQ of investors who have lost as if their are no shysters, swindlers and snake oil salesman on the planet any more. They attack because it was money that she did not personally earn but instead a parent. These freeper dogs and their frothing with envy at the mouth are playing right into the hands of the commies. Commies drooling at the sight of the people all chewing at each other when the stuff hits the fan. Divide and conquer.

Esther, I'm no CPA, but a long time ago I learned to read financial statements backwards -- starting at the accountant's statement and reading footnotes first. Anybody that did that is very unlikely to have invested with Madoff.

The woman's dad left her nothing! He might as well have thrown his money in a river for the absolute lack of caution and due diligence his investment with Madoff shows.

He put all the eggs in one basket. Then he threw that basket over the cliff.

Given that a person, a daughter especially, has to respect her Dad, I can't help but feel terrible for her, what a sad situation! But she never had anything == the saddest part of this is what her Dad DID leave to her. Aggravation, a false sense of security, a bitter, devastating surprise.

“Cannot believe what financial idiots are on FR. Not only idiots but full of jealousy, envy, backbiting, class envy etc. These people (and this woman in the article) are victims of a horrible and very deceptive crime.”

That is true, but she is also a whiner. She did not earn the money, and she did not lose everything. She also benefited for years on the Ponzi scheme by taking the profits.

“The folks here on FR sound like a bunch of rapid dogs chewing at the heals of someone who has suffered a fall and is wounded in the streets. They feel justified because they are financial “have nots” and cannot with their small minds imagine how someone could possibly have any money to invest since they and their circle don't have squat.”
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I would bet that you are wrong. Many of those commenting here show considerable investing sense.

“They attack the IQ of investors who have lost as if their are no shysters, swindlers and snake oil salesman on the planet any more.”

A valid point.

“They attack because it was money that she did not personally earn but instead a parent. These freeper dogs and their frothing with envy at the mouth are playing right into the hands of the commies. Commies drooling at the sight of the people all chewing at each other when the stuff hits the fan. Divide and conquer.”

There is some sense here, but I get rather tired of people who have lots of money, make foolish decisions, then complain as if they are surprised that the world has risk in it. Certainly there are lots of bad people out there. I feel some sympathy for this woman, but the obvious (and possibly misquoted line) that “we lost everything” when in fact they did not lose “everything” tends to grate.

I think that a lot of Freepers have lost quite a bit in the current market crash, but we are not whining about it.