Archive for the ‘Madoff’ Category

No, I will not be watching the Madoff TV Movies

Monday, February 1st, 2016

Find your  investment statement ... I'll wait -- now look at that nice little SIPC logo at the bottom of the statement... it should look like this: You feel comforted, right? that SIPC's "got your back."  Those invested with Madoff thought the  very same thing In the days and weeks following the ...

Seven Years and Counting – Madoff Victims still wait

Friday, December 11th, 2015

  No, it is NOT a Merry Christmas - not for thousands of Madoff Investors. Today is December 11.  The date doesn't mean much to most people.  On this date 7 years ago, the lives of tens of thousands of people were disrupted as that creep Bernard L. Madoff confessed to the FBI ...

A Lost Opportunity – How Andrew Madoff Disappointed, Even in Death

Friday, September 12th, 2014

I never rejoice someone's death and was sorry to hear about the passing of Andrew Madoff just as I am sorry when anyone dies. Now that both of the Madoff boys are gone we will never really know what they really knew and when they knew it.  I believe that Mark ...

Five years on – Madoff Investors still in the Cold

Wednesday, December 11th, 2013

Five years ago today, the world became aware of the fraudster of the century, Bernard L. Madoff. It's been 5 years and thousands of Madoff investors are still waiting for the organization sworn to protect investors - the Securities Investor Protection Corporation - to live up to its promise to ...

Madoff and Stanford Investors Push for SIPC Reform

Tuesday, November 19th, 2013

Could the third time be the charm?  Victims of Allen Stanford and Bernie Madoff have been waiting literally years for Congress to act on the insufficient protection given to investors in SIPC protected securities firms.  The first hearings were held in early 2009 at which time the organization's President, Stephen ...

Andrew Madoff and his Stage 4 Cancer

Monday, August 12th, 2013

Do I feel badly for Andrew Madoff? Sure? Who wouldn't feel for someone with Stage 4 cancer. But let me tell you why this really should be a nonstory and that the media really should get its priorities straight.  Earlier this year, Andrew told People magazine that he felt "horrible for the ...

Bernie Madoff’s Lips Move – He’s Lying

Thursday, May 23rd, 2013

It's a regular occurrence.  Bernie Madoff - conman extraordinaire - must have felt left out lately -- what with the bombings in Boston, the explosion in TX, the crazyman in North Korea, and our elected representatives creating non-existent crises.  He contacted Aaron Smith, a correspondent at CNN Money. Aaron's a ...

Irving Picard

Friday, October 28th, 2011

I thought I misread it. I was reading a story on noting that the Madoff family would be allowed to keep over $80 million thanks to a ruling by Judge Jed Rakoff  several weeks back. According to this ruling, the Bankruptcy Trustee Irving Picard can only go back two years ...

Madoff Media Whores

Friday, October 28th, 2011

Here we are nearly three years out from the worst financial crime in history, and the media remain singularly focused on the musings of the criminal himself - Bernie Madoff - and his family.  Been a bad week for Madoff victims as we've had to watch Stephanie Madoff Mack make ...

This is Compassion? Madoff Trustee Demands Millions from Agency that aids Seniors

Tuesday, October 18th, 2011

The Trustee handling the Madoff liquidation will tell any reporter who will listen that he has unique "discretion" and "compassion."  Under what definition is it compassionate to demand over $5 million from an organization that benefits the elderly?  Read it for yourself.  This is beyond cruel.