Wednesday, January 14, 2009

Madoff's Wide World of Swindles

Related: Madoff Case to be Dismissed

"A Madoff ally skips his hearing; Robert Jaffe is said to be ill; state power over him is limited" by Beth Healy, Globe Staff | January 14, 2009

Even if Robert Jaffe had shown up yesterday for his scheduled deposition before the Massachusetts Securities Division, he probably would not have answered any questions about alleged swindler Bernard L. Madoff, a securities lawyer said.

Jaffe, a registered broker who for years raised money for Madoff, was supposed to appear before state regulators yesterday morning, under subpoena. His spokesman said: "Bob is under doctor's care. The secretary of state had been informed of this and had agreed to an adjournment."

Are you effin' kidding? Is there NO LEVEL JEWS WON'T STOOP TO as an EXCUSE?!!!!

Related: Madoff a Marked Man

The spokesman, Elliot Sloane, said that Jaffe's condition was not serious, but that his lawyers had made Secretary of State William F. Galvin aware Jaffe would not appear....

Translation: the scum wanted to get out of the hearing -- and it worked (read on)!

Jaffe is under scrutiny for his role at Cohmad Securities Corp., a brokerage firm on the same floor of the same midtown Manhattan office building as Madoff's. Cohmad, which also had an office in Boston's Back Bay, counts Madoff among its officers.

People who know Jaffe say he was one of several gatekeepers to Madoff's sought-after investment fund. Jaffe, who has homes in Palm Beach, Fla., and in Weston, helped investors place money with Madoff. Jaffe is currently in Palm Beach.

Jaffe's spokesman maintains the 64-year-old bon vivant - who is more accustomed to Palm Beach charity galas and manicured golf courses than to regulators' hearing rooms - was as much a victim of Madoff as other investors.

Well, NOT NOW, huh? Now he's a mental wreck, huh? What HORSESHIT!!!

This guy should be executed on principles alone, the fucking scum shit liar!!!!!!!!!!!!

Madoff allegedly ran a $50 billion scheme that involved paying one set of investors with money from others. He apparently lost billions of dollars entrusted to him by foundations; by the rich and famous, particularly in the Jewish community; and by ordinary investors who had their life savings in his fund.

That's why Bernie gets the SPECIAL TREATMENT and the government and MSM want the story to disappear!!!

"Bob Jaffe is a victim of Madoff's Ponzi scheme, and his family lost substantial amounts of money," Sloane said.

Awww, Bobbie is a victim, too! Give me a fucking break!

Even so, a Boston securities lawyer, Pete S. Michaels, said Jaffe's attorney is almost certainly girding for a criminal investigation. The issue is not simply whether Jaffe had a hand in the scheme, but what he knew about Madoff's operation, and when.

Yeah, WHO HELPED the OLD FART because NO WAY could he do this alone!

At Madoff's request, Jaffe's father-in-law, Boston philanthropist Carl Shapiro, invested $250 million with Madoff about 10 days before Madoff was arrested. Had Jaffe appeared for the deposition, Michaels said, any lawyer advising him would have told him not to answer any questions. Typically is such cases, "Rather than show up and take the Fifth [Amendment] all day long, they're just not going to show up," Michaels said.

Yeah, it's O.K. for HIM to BLOW OFF a COURT or STATE HEARING!!

Of coure, if I did such a thing, there would be a warrant out.

A spokeswoman for the US attorney in New York handling the Madoff case declined to comment on whether Jaffe is under investigation. Massachusetts' secretary of state has limited power to force Jaffe to appear. Galvin could suspend his brokerage license, pending his appearance. McNiff, Galvin's spokesman, said there is no new date set for Jaffe to appear.

Case closed, 'eh?

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"Prosecutor again seeks to end bail for Madoff" by Associated Press | January 14, 2009

NEW YORK - Prosecutors again asked a federal judge to jail besieged financier Bernard Madoff, saying he tried to pick "winners and losers" in his $50 billion fraud when he and his wife shipped more than $1 million in jewelry to relatives and friends over the holidays.

He should be IN JAIL for VIOLATING his BAIL!!!

Assistant US Attorney Marc Litt said in a letter yesterday to US District Judge Lawrence M. McKenna there were no conditions of bail that will ensure the 70-year-old is not a danger to do financial harm to the community and a risk to flee.

"No matter the loss . . . determined by the sentencing court, it appears that defendant will not be able to come remotely close to having the resources necessary to make his victims whole," Litt wrote. "Accordingly, every possible penny of the defendant's assets must be protected from dissipation."

Madoff is scheduled to be at a hearing before the judge this afternoon, two days after a magistrate judge ruled he could remain in his $7 million penthouse despite government claims he was trying to disperse valuable jewelry and watches to close relatives and friends.

The Zionist control over AmeriKa's institutions could not be any more glaring!

"By doing so, the defendant showed that he would not be deterred in his efforts to pick the winners and losers of his fraudulent scheme," Litt said. Within hours of a ruling Monday by US Magistrate Judge Ronald L. Ellis, prosecutors notified the court they would appeal the decision to a federal judge. The hearing today will focus on the appeal.

The hearing comes as investigators continue to dig through Madoff's financial records. Prosecutors noted in court papers Monday that the defense and representatives of the government had been discussing a possible disposition of the case.

You saw the link at the top of the post, right?

"The only thing I will say now is we are cooperating with the government," defense lawyer Ira Sorkin said yesterday.

Translation: This will fade away just as the Israeli spy ring and AIPAC spy trial faded away!

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And the Madoff scandal is WORLDWIDE, folks (another reason the globalist/Zionist controllers want to bury it)

"Investor fraud probed in Spain" by Bloomberg News | January 14, 2009

MADRID - Spain's anticorruption prosecutor has opened an investigation into Bernard Madoff's alleged fraud, which may cost clients of Banco Santander, the nation's largest lender and the owner of US-based Sovereign Bancorp, $3.1 billion.

Nothing ALLEGED about it: HE CONFESSED!!!!

The probe began last month, said an official at the prosecutor's office who asked not to be identified. Santander said on Dec. 14 that customers were at risk from investments with Madoff through its Optimal Investment Services hedge fund unit.

Madoff's New York-based firm collapsed in December after he told his sons it was a $50 billion Ponzi scheme, according to a complaint filed by the Federal Bureau of Investigation.

Then it is NOT ALLEGED, is it? Besides, he also confessed to the FBI!

"Santander has been very transparent about its exposure to Madoff," said Luis Benguerel, a trader at Interbrokers Espanola SA in Barcelona. "Santander is a victim in this case."

The Wall Street Journal reported that Spanish prosecutors are investigating how Santander lost client money through Madoff's alleged fraud. A spokesman for the bank declined to comment. The official at the prosecutor's office said Santander wasn't a target of the probe.

The anticorruption prosecutor will be examining the relationship between Santander, the investment fund Fairfield Greenwich Group, and the Madoff funds, the Journal reported. Fairfield had $7.5 billion with Madoff. About two-thirds of losses incurred by Santander clients were borne by investors in Latin America, the Journal said.

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