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 ...

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 ...

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 ...

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 ...