No, I will not be watching the Madoff TV Movies

Monday, February 1st, 2016

sipc-logo-member
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 ...


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.


Irving Picard’s Perversion – #OWS and Madoff Victims

Friday, October 14th, 2011

I posted a story early in the #OccupyWallStreet protest talking about an unlikely alliance between Madoff investors and OWS. In that post, I talked about the Securities Investor Protection Corporation (SIPC), a not-for-profit organization ostensibly created to assist investors who lose their hard earned money, but whose real job, we have ...


Madoff Investors and #OccupyWallStreet – An Unlikely Alliance

Tuesday, October 4th, 2011

Cong. Scott Garrett has shown yet again his deep understanding of the Madoff affair by asserting that the embattled Securities and Exchange Commission (SEC) is more interested in protecting Wall Street than Main Street, and that the Madoff victims have been the canaries in the coal mine.    Nearly three years ...


Madoff Trustee’s Bad Day in Court is Not a Good Day for Investors

Sunday, July 31st, 2011

Judge Jed Rakoff made a groundbreaking decision in one of the many court filings related to Madoff debacle on Friday, ruling that the Trustee assigned to oversee the liquidation of this SEC-approved, SIPC member broker-dealer liquidation, had overstepped his authority by suing banks on behalf of the victims of the ...


Madoff Clawbacks – What is Fair

Wednesday, March 9th, 2011

The Trustee for the Madoff bankruptcy  has a very smart and professional PR team. During a conference call yesterday for media only, he again tried to create a wedge between different classes of investors and attempted to convince whoever was listening that he is only doing "what is fair."  In ...


Dear Frank Rich: Irving Picard is no Pecora. (Madoff)

Tuesday, February 15th, 2011

Perhaps you read Frank Rich's column in the New York Times on Sunday, February 13, 2011, where he likened Irving Picard, the Trustee overseeing the bankruptcy of Bernard L. Madoff  Investment Securities (BLMIS) to Ferdinand Pecora, a true Wall Street reformer.   I am a huge fan of Frank Rich, but he ...