"I resemble that remark."
Posted on 11/21/2016 8:59:38 AM PST by Cecily
President-elect Trump isn't the only one thinking about splitting his time between two cities.
When President Obama leaves the White House this January, his family is expected to become bi-coastal, with homes in both DC and California.
Sources told the New York Post that the Obamas have purchased a home in Rancho Mirage, California.
(Excerpt) Read more at dailymail.co.uk ...
"I resemble that remark."
ping
Well, he had an ultra successful year or two as a community organizer.
where he go for his secret male bonding sessions?
He has pardons coming up! Have you forgotten?
He gave that to charity ?
Thanks for showing us how the elite liberals, like the Obozos whine and moan about helping the poor, while stuffing their off shore accounts with millions and maybe billions of our $’s and pay to play $’s
Was a thousandaire when he got into politics not terribly long ago, and now he’s a multi-millionaire.
Lots of money in taking the people to the cleaners.
Ridiculous. Listed where?
You can bet these practiced Chicago criminals used the Madoff MO.
When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore-----into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
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WIKI.COM NAILS THE MADOFF OPERATION (emphasis added) Stanley Chais, a "philanthropist" who invested heavily with Mr. Madoff, and Carl J. Shapiro, one of the money manager's oldest friends, are among at least eight Madoff investors and associates being scrutinized by the U.S. attorney's office in Manhattan. Prosecutors are continuing to probe Madoff family members and employees.
Others include: Frank Avellino, a Florida accountant who ran an investment fund that invested client money; Noel Levine, a real-estate investor who works out of a two-room office on the 17th floor, next door to Madoff's fraudulent investment operation, and Palm Beach investor Robert Jaffe, a son-in-law of Mr. Shapiro who referred potential investors to Madoff.
Entity called Madoff Securities International Ltd.----In 2008, about $1 billion was transferred between Madoff’s U.S. firm and Madoff Securities International Ltd. in London. On March 24, 2009 Judge Louis L. Stanton granted power of attorney to Irving Picard, trustee, over Madoff's controlling stake in London.
Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office.
He allegedly sent more than $250 million beginning as early as 2002, from his New York-based firm, Bernard L. Madoff Investment Securities LLC, to the U.K. office and then back to accounts in the U.S.
In 2000, Madoff began to add staff and expand the operation, and loaned the business $62.5 million. He had a staff of 25, including traders, managers and support. Instructions to staff was that they communicate with Madoff Securities through personal e-mail accounts, not through company e-mail.
There were nine directors. Family members with shares included Mark and Andrew Madoff, Peter Madoff, and Bernard himself. Ruth Madoff, Bernard Madoff's wife, also held shares. [8] Non-family members with shares included Maurice J. "Sonny" Cohn. Madoff and Cohn were shareholders in Cohmad Securities, which steered investors to Mr. Madoff's advisory business.
In 1987, Mr. Cohn had shares of Madoff Holdings Ltd., a predecessor to the current London firm. In 1998, Mr. Cohn held 35,624 non-voting shares, some of which he transferred to "BL Madoff" in 1998, and the rest that he "disposed of" in 2004.
Paul Konigsberg, a New York City accountant and a longtime friend for more than 25 years, prepared two Madoff Family Foundation tax returns, and received the non- voting shares, valued at $35,000. He did work for the London office when it was first opened. [8]
A general ledger of Madoff accounts listed Konigsberg, of the reputable accounting firm of Konigsberg, Wolf & Co., as receiving $30,000 a month to advise the MSIL operations, and funnel client checks to the London office for Madoff's own use.[9]
Clients were often directed to Mr. Konigsberg by Mr. Madoff and his family. Mr. Konigsberg prepared the tax returns of foundations of six other families, many of which have lost millions, even hundreds of millions, of dollars. He also represented scores of individual Madoff investors.
Mr. Konigsberg's firm has received a civil subpoena from the SEC. His Madoff-related clients included Carl and Ruth Shapiro, Boston philanthropists whose foundation lost $145 million, and whose son-in-law, Robert M. Jaffe, under investigation, is a Madoff business partner.[9][10]
Konigsberg held Madoff accounts under his name including two in the name of the Westlake Foundation. Paul J. and Judith Konigsberg are officers and directors of the foundation. He owns homes in his wife, Judith's name in Greenwich, Connecticut and Palm Beach Gardens, Florida.[11]
On April 20, 2009, Steven Leber filed a $4 million lawsuit against Konigsberg and his accounting firm for negligence, and breach of fiduciary duty.[12] Konigsberg answered the charges with affirmative defenses.[13]
Evidence is being gathered by investigators on a U.S.-U.K. task force that Konigsberg and Levy, a real-estate mogul and philanthropist are believed to be involved in an international transfer of money. Levy is believed to have helped Paul Konigsberg funnel checks to London. And investigators in New York say there were billions of dollars worth of checks going back and forth between Madoff and Levy.
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One Levy entity---a "do-good tax-exempt foundation" "says" it "lost" $224 million "investing" with Madoff. Supposedly the foundation helped the "less fortunate," especially ex-convicts. NOTE "losing investment money" is a tax-write-off.
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Looks like Madoff helped himself to his "investors'" money. The suckers
thought Madoff was just doing them a favor---money-laundering, and tax evasion.
Right Valerie?
Not realizing the Clintons would be found out, Obama probably has something roughly equivalent to the Clinton Foundation.
That is just how it works. Lobbyists, foundations, speaking, boards of directors, etc.
Many elected and appointed officials benefit thusly too, on smaller scales.
State Dept web site.
They asked how the Obama’s could afford a house, thats how. He makes millions as President. He probably signed away movie rights too. Also, more millions.
Or maybe he made a lot off of golfing bets
He followed the Clinton method
So....how did he get rich?
"
1.5 percent African American. I see what he did there.
By percentage of Population Palm Springs is the most Homosexusl Community in America with an estimation of up to 33% of the population being homosexual.
Obama will fit right in.
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