BERNIE CASH STASH; OFFSHORE LOOT SOUGHT (tax evasion, money laundering suspected)

NY POST ^ | 12/29/08 | LAURA ITALIANO

[Liz]

.......the real scam of the century....... Let everyone believe all these rich people went belly up (not that some of them didn’t) then when the coast is clear; all the investors who counted go get their money and live happily ever after.

Yup---you nailed it, but good.

[GOPJ]

We should not believe these so-called "investors" sob stories for a nanosecond. Impossible to believe astute businessman who made fortunes in competitive businesses would allow themselves to be scammed.....unless......these privileged elites were in collusion with Madoff to engage in a massive tax evasion scheme. Tax evasion would explain why savvy, astute businessmen 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.

Good point.

[GOPJ]

Let everyone believe all these rich people went belly up (not that some of them didn’t) then when the coast is clear; all the investors who counted go get their money and live happily ever after.

He and his sons did seem rather relaxed considering the crime they had pulled off. The IRS needs to get on these "investors" like white on rice.

[Leisler]

"....are estimated to have lost about $2 billion"

Oy, I've taken a 'loss'. So, off it comes off my taxes.

(2 months later)Oh, look, I've found the money in Israel, Bahamas...(I'll tell the IRS next year)

Cha-ching, 2 billion becomes 4 billion.

[GOPJ]

What’s your take on all this?

[Tax-chick]

Not my speciality, tax-wise. As an observer, I’d guess that eventually, Madoff and his in-group will still be rich, as some others have said.

[GOPJ]

Madoff and his in-group will still be rich, as some others have said.

Wrong economy to try to pull this scam off - I think many of them are going down - many, many.

[Tax-chick]

I hope you’re right and I’m wrong!

[freekitty]

I am also wondering if these bank failures; etc. were not an elaborate plan to bring America down. Surely, there was at least one person in Congress, the government, the legal system, the accounting system knew this was happening.

You know as soon as all the corrupt politicians including Obambi were in place they could continue with the next step. It is really suspicious that Hillary and Bill Clinton are still very active in our government. Of course, everyone knows that Obambi and the Clintons work for the same people. Always have. It's just a little to coincidental.

[freekitty]

I think all this you know what was planned. Doesn’t it seem odd that the conservatives never had a conservative running for President and a person as questionable as Obambi wins.

[Liz]

I am also wondering if these bank failures; etc. were not an elaborate plan to bring America down.

We need to laws stipulating that financial fraud on the Madoff level is also prosecutable for endangering US national security.

[freekitty]

We need to get a backbone and get rid of all of these politicians.

We need a leader.

[ConservativeMind]

Orthodox “beggars” bump.

[Gatún(CraigIsaMangoTreeLawyer)]

Liz,

Thank you for your comments.

I am not disputing what you have said. I just found it a tad complicated. In no way am I saying I am right.

Living in Panama and had volunteered my time at a friend’s law firm translating non-consequential letters from Spanish into English (no gossip in others words), I learned a lot how offshore things work in Panama (and I am not talking about other countries that have different laws). It is all between the lawyer and client and nobody else. Period. Office staff is totally out of it. Good!!!

Further, the lawyer has no legal obligations asking from where the money is coming. The lawyer’s job is to create an offshore account for the customer. Period.

[Gatún(CraigIsaMangoTreeLawyer)]

Liz,

Thank you for your comments.

I am not disputing what you have said. I just found it a tad complicated. In no way am I saying I am right.

Living in Panama and had volunteered my time at a friend’s law firm translating non-consequential letters from Spanish into English (no gossip in others words), I learned a lot how offshore things work in Panama (and I am not talking about other countries that have different laws) . It is all between the lawyer and client and nobody else. Period. Office staff is totally out of it. Good!!!

Further, the lawyer has no legal obligations asking from where the money is coming. The lawyer’s job is to create an offshore account for the customer. Period.

[Gatún(CraigIsaMangoTreeLawyer)]

Sorry for the double post. I don’t know what happened.

[Liz]

Yes, I know you were speaking from your personal experiences in Panana——that’s good to know—we need to have all perspectives.

[AZLiberty]

Orthodox Judaism was designated a "disadvantaged minority" under Lyndon Johnson's "Great Society."

Thanks. Now I understand why Jews lean Democrat so strongly.

[AZLiberty]

His sons couldn’t have been involved. It took them decades to figure out that their father should go to jail.

[Gatún(CraigIsaMangoTreeLawyer)]

I appreciate your reply.

Thank you very mcuh.

My best regards.