Bernie Madoff
MyWikiBizBernie Madoff - Lately the news is swarming with stories about a crook named Bernie Madoff who supposedly ran the largest Ponzi Scheme in recent history. But who is Bernie Madoff, what exactly did he do, and what in the world is a "Ponzi Scheme"? .
A Bernie Madoff book or guide would have gone a long way toward preventing the greatest fraud of all time, don't you agree? Bernie is arguably the most successful white collar criminal in history, but what if someone had written a book... a Bernie Madoff book let's say that would have clued us all in to the kind of scheming fraud he was? Would you have read it before investing with him? It's a little late now but I'm betting you would have read it if such a book existed. .
After details of the Bernie Madoff Ponzi scheme came to light, many observers questioned why someone who had donated so much money to worthy causes would concurrently destroy many charities through his fraudulent actions. Rather than being a rare occurrence, this odd partnership of corporate wrongdoing and philanthropy has been quite common. .
June 29, 2010 will mark the first anniversary of Bernie Madoff's 150-year jail sentence for defrauding investors of billions of dollars. While much has been written about how Madoff succeeded in perpetrating one of the largest scams in history, few have properly assessed his motivation for doing so. .
What are some of the key astrological forces at work in Bernie Madoff's horoscope that lead to his success and failure on Wall Street. He created a 50 billion dollar black hole; can this potential be seen in his horoscope? Can we learn from his horoscope what to watch out for and and what to check? .
Boy am I glad that Bernie Madoff wouldn't let me join his club. As someone who has always wanted to have access to the "Old Boy Network" I can honestly say that I feel lucky that I didn't have a few million in Bernie's pockets. .
The grandmaster of all Ponzi schemes was sentenced to 150 years and the court did not go easy on him; no leniency was given. The judge stated that these were such "evil acts" that no mercy could be given by the court. The newspapers and news media said that; "This sentence sent a message to Wall Street to shaping up. .
I saw Bernie Madoff in a bookstore this weekend. Okay, I didn't see the real Madoff, but what I saw on book cover after book cover, filling aisle after aisle, reminded me of him. . In all the articles about the Bernie Madoff fiasco one struck me in particular. In case you haven't heard about it, Bernie Madoff bilked investors out of $64.8 billion, yes that's billion with a 'B.' .
Criminal law is an interesting philosophical study if you step away from all the laws, rules, and regulations that are written within all the pages of all the law books, codes, and regs. You see there is a limit to criminal justice, and a limit to criminal law. For instance, if someone kills 30 people in an explosion or terrorist act, you can sentence them to death, but then in the end, is their punishment really fair to all the damage they have caused? .
This article provides a brief overview of the how Bernie Madoff and his 50 billion dollar Ponzi scheme affects every day Americans. It shows some examples of how some of the people in need in the community are affected even when they did not make a personal investment. .
It is said that for the "right price", many people might compromise their values. Fortunately, the vast majority of us have high moral and ethical standards so fraud is not even a consideration. For those very few who have a feeling of entitlement, how do we protect ourselves from them? .
Bernie Madoff and his 50 billion dollar Ponzi scheme affects each person in an individual way. There is a need for people to begin/continue to recover. In this article, there are a few ideas provided to help individuals coping with such a loss. .
Our legal authorities need to show Bernard Madoff no mercy unless and until he fully cooperates with them and answers all the requisite questions. Until that time, his incarceration should be as unpleasant as legally possible and should allow each and every one of his victims an opportunity to torment him each and every day until he comes clean or dies. .
Madoff taking the sentence and keeping his head low during rushes to court buildings isn't enough to stem the tide of Palm Beach Jews once again the outcasts because Madoff mismanaged their wealth. Madoff's victims were committing suicide and openly broke yet the contempt Madoff demonstrated for his financial swindle victims is jaw-dropping. Madoff's wife Ruth is sitting on some $60 million investors really, really, want to take a crack at. But Madoff insists "nobody else was involved". .
How many of you felt your heart break as you heard the news that Bernie Madoff's son had committed suicide? What this one single man has wrought upon a slew of Americans is abhorrent, but what he has done to his own family is much more than criminal. It's immoral and unconscionable. If Bernie Madoff does not die of a broken heart, he is truly heartless. .
Years after the world learned of Bernie Madoff's $50 billion Ponzi scheme, his name still makes the headlines - and continues to unsettle investors. Mr. Madoff was well-respected in financial and regulatory circles and drew money from sophisticated investors around the world. Yet, amid the respect, he was allegedly operating a scheme that no one detected. .
"When I used to rent my property out, we had tenants in it paying $1,495/month. You have it listed for $1,195/month. What's wrong with you?" First of all, if things were so rosy in $1,495/month self-management land, I don't think you would be talking to a property manager. But I already digress... .
Bernie Madoff was once considered one of the top money managers of all time, of course, the whole thing turned out to be a giant Ponzi Scheme. Today, this gentleman sits in prison as he has left nothing but broken dreams, promises, and 1,000s of personal bankruptcies in his wake. It doesn't get much worse than that, as the once prominent and stellar brand name of Madoff is now dirt - and has become the proverbial joke on Wall Street. .
Now this is a path to prosperity that is near and dear to my heart. Since the blogosphere first exploded a decade ago, many people have used this path to generate tremendous wealth. The true beauty of blogging as an income stream is that your blogs can be about any subject that you please. No more boring assignments from your boss, the freedom to create is completely up to you. .
The home has a subtle elegance, with an understated decor designed to take advantage of the panoramic Long Island views available in most rooms of the house. The large covered deck and pool also allow for stunning ocean vistas and quick access to the beach, only steps away. . If you or someone you know was scammed by Bernie Madoff's Ponzi scheme, you might have some recourse for your losses via your income tax return filings. The IRS has provided two avenues that might provide some relief. .
Much has been written about how and why Bernie Madoff was so successful in fooling so many people for so long. Although the number of individuals that have been victimized by Ponzi schemes is a fraction of all investors, it pays to take precautions against financial predators. .
In my opinion, due diligence isn't just about checking some one's past. The best way to decide whether to consider a financial or investment adviser is to look at whether they are being held to the fiduciary standard. When an adviser has a fiduciary duty to his or her client, he or she must act in the best interests of the client even above his or her own self interests. The final determination in choosing a financial or investment adviser should be his or her credentials, experience and rapport that the client has with the adviser right from the start.
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