Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $79,845
98%  
Woo hoo!! And we're now over 98%!! Thank you all very much!! God bless.

Keyword: fraudponzischeme

Brevity: Headers | « Text »
  • Looting of America: Bernard Madoff- NASDAQ Chairman, Con Man

    12/12/2008 9:35:23 PM PST · by NorthShoreGibby · 16 replies · 2,743+ views
    The Policy Project ^ | 12 December 2008 | Patrick Gibson
    In another move sure to undermine already fragile investor sentiment in the markets, world-class scumbag hedge-fund manager and former chairman of NASDAQ admitted to investigators and key employees that the $50 Billion managed by the firm was "basically a Ponzi scheme." Madoff also told investigators that there "was no innocent explanation" for his actions. "Madoff's investors included captains of industry, corporations -- some of which are publicly traded -- that used Madoff almost as a high-yielding cash management account, endowments, universities, foundations and, importantly, many high-profile funds of funds," said Douglas Kass, who heads hedge fund Seabreeze Partners Management. "It...