I don't even like reading the MSM articles on that Jewish turd because they are just filled with cover-up omissions. This is the shit-slop served up by the Globe today.
Related: Madoff, Mossad and the AmeriKan MSM
Who’s behind Madoff?
"Madoff is likely to face a life term; Disgraced trader expected to plead guilty tomorrow" by Beth Healy, Globe Staff | March 11, 2009
Bernard L. Madoff will almost certainly be spending the rest of his life in prison.
He BETTER BE!!
Federal authorities yesterday charged the accused swindler with 11 felonies, including four counts of fraud and three counts of money laundering. Madoff, 70, faces up to 150 years in jail and plans to plead guilty tomorrow, his lawyers said in court.
How many times I gotta say HE CONFESSED! He's PLEADING GUILTY for crying out loud!
Madoff made no plea deal to improve his possible sentence - a move that indicates he will not be helping prosecutors determine who else may have been involved in the multibillion-dollar Ponzi scheme. Under the sentencing guidelines associated with his crimes, if he pleads guilty at his hearing in federal court in Manhattan he will face life in prison.
Prosecutors, in a court filing in New York yesterday, charged Madoff with defrauding clients since at least the 1980s, by "soliciting billions of dollars of funds under false pretenses, failing to invest investors' funds as promised, and for misappropriating and converting investors' funds to Madoff's own benefit" and to others.
No others have been charged with crimes in the scheme to date. But the government's charges against Madoff detail a vast deception that likely required numerous other people to conduct.
Like WHO?
Last November - just days before Madoff's arrest - the firm reported that it had 4,800 client accounts, containing assets of $64.8 billion. But in reality, prosecutors said, the firm had a fraction of those assets.
Over the years, Madoff lied not only to his clients in thousands of fictitious account statements, the government said, but to regulators at the Securities and Exchange Commission. Among other things, the court filing said, Madoff hired people to work in his "back office" who often had little or no experience in the securities industry, to send out account statements and false trade confirmations.
WHO?
Madoff, a former chairman of the Nasdaq stock market, also had to hire people to raise new money for him at a sometimes frantic pace.
HIRED WHO?
That's because he appeared to operate a classic Ponzi scheme - using the money new customers invested to pay those who wanted to withdraw funds over time. To some, he offered to produce returns as high as 46 percent, according to the government's charges, to entice new investors. All the while, customers say, Madoff managed to maintain a mystique that he didn't want new money, agreeing to let people in as a favor.
With a LOT of HELP!!!
Legal observers of the case doubt that Madoff could have run the scheme alone. Daniel Rabinovitz, a Boston securities lawyer, said, "There's no way he could have done it alone."
I'm WAITING for some NAMES! In fact, I DEMAND THEM!!!
Since Madoff was arrested on Dec. 11, speculation has been rampant about whether his sons, brother, wife, or others are involved. Rabinovitz said, "Madoff's decision to plead guilty and accept a life sentence means Bernie Madoff won't be assisting anyone in answering those questions."
Then SCREW LIFE in PRISON: Let's HANG HIM!!!
And the MSM is just SPECULATING on this one, huh?
In addition to prison time, the government is seeking fines and restitution from Madoff. Prosecutors said in a letter to Madoff's lawyer they would seek forfeiture of $170 billion, but did not explain how they arrived at that figure. They also will seek property worth $800 million relative to the money laundering charges....
Ira Sorkin, Madoff's attorney, declined to be interviewed yesterday....
Many Boston-area investors were ensnared in the Madoff scandal, most notably Carl Shapiro, a wealthy philanthropist who has invested with Madoff since the 1960s and lost about half a billion dollars. Shapiro's son-in-law, Robert Jaffe, is a broker who introduced many people to the Madoff funds. Jaffe, who has a home in Weston, maintains that he knew nothing of the fraud and was a victim as well....
Those are the names we get? Names we already know?
One investor who lost money with Madoff said what is on the minds of many: "The big question that people are seeking an answer to is, where is the money?" said Lawrence Velvel, dean of the Massachusetts School of Law.
SOME ISRAELI BANK!!!
The government alleged that Madoff took some client funds as commissions, which he used to support his stock-trading business, and from which "he and others received millions of dollars in benefits." Between 2002 and 2008, Madoff had more than $250 million of client funds moved to support his brokerage operation, according to the charges. He moved the funds between accounts in London and New York, to create the appearance he was making trades.
Last September, Madoff allegedly took $10 million in labor-union pension funds for himself and others.
First I've heard of THAT, too, and the Globe gives it the "in-passing" treatment.
And what exactly does a Jewish piece of crap look like, anyway?
Bernard Madoff has made no plea deal to improve his sentence. (Timothy A. Clary/AFP/Getty Images)
Yup, THERE it is! You KNOW IT when you SEE IT!!!
Update:
No names, readers.
"Madoff victims may recoup US taxes" by Bloomberg News | March 12, 2009
NEW YORK - Investors who paid taxes on "phantom" profits from Bernard Madoff's alleged Ponzi scheme since 1995 would be able to seek refunds from the Internal Revenue Service under congressional legislation proposed yesterday.
So a JEW CRIMINAL BILKS a bunch of JEWS and they will be getting a TAX REFUND? After all the TAXPAYER BAILOUTS? Where is OUR FUCKING REFUND???
The measure, submitted by Representative Gary Ackerman, would extend to 13 years the time for which investors may obtain refunds on taxes tied to the phony profits, the New York Democrat said in a statement. Current rules may limit investor refunds to the past three years, according to the statement.
SPECIAL RULES for CHOSEN PEOPLE.... submitted by a JEW!!
Madoff, 70, faces 11 charges for bilking investors, including charities and universities. The New York money manager told clients their accounts held $65 billion, though the true amount was a "small fraction" of that, federal prosecutors said Tuesday.
Madoff will plead guilty today, his lawyer Ira Sorkin said. The charges against him include mail fraud, wire fraud, investment adviser fraud, three counts of money laundering, false statements, perjury, false filings with the Securities and Exchange Commission, and theft from an employee-benefit plan. Madoff, free on $10 million bond, may be jailed after his plea.
He was! Judge ain't stoo-pid.
The Senate Finance Committee plans a hearing Tuesday on how to deal with victims of Madoff's scheme....
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Notice how the mafia media never really tells you anything?
NEW YORK -- .... Bernard Madoff pleaded guilty Thursday to pulling off what could be the biggest, most spectacular swindle Wall Street has even seen, and was sent off to jail in handcuffs to the applause of his furious victims....
In ordering him jailed, U.S. District Judge Denny Chin said Madoff had the means to flee and an incentive to do so because of his age.... The court appearance came as a disappointment to many of Madoff's investors, who hoped to hear him say who might have helped him pull off the scam, and where the money went....
There was a smattering of applause after the judge announced Madoff would go directly to jail -- the drab, windowless high-rise Metropolitan Correctional Center next door to the courthouse to await sentencing. But that did not lessen his victims' anger or satisfy their desire for retribution.
"So he spends the rest of his life in jail -- is that justice? People's lives are ruined," said Adriane Biondo of Los Angeles, one of five members of her family who lost money with Madoff. "He's sitting in jail? That's awesome," she said sarcastically. "Where's the money, Bernie?"
DeWitt Baker, an investor who attended the hearing and said he lost more than $1 million with Madoff, said: "I'd stone him to death."
I LIKE the IDEA!!!!
Some investors suspect their money ended up in the hands of Madoff's wife, Ruth. She was not in court. But the mere mention of her name drew jeers and laughter. In one instance, defense lawyer Ira Sorkin was describing how Madoff had, "at his wife's own expense," paid for security at his $7 million penthouse in Manhattan. Loud laughter erupted among some of the more than 100 spectators crammed into the courtroom on the 24th floor of the federal courthouse in lower Manhattan. There was more snickering when Sorkin mentioned Mrs. Madoff's "small residence in France."
Investors big and small were swindled, from Florida retirees to celebrities such as Steven Spielberg, actor Kevin Bacon and Hall of Fame pitcher Sandy Koufax. Many of Madoff's victims were Jews and Jewish charities, which trusted him because he is Jewish.
Well, THEY SURE LEARNED a HUGE LESSON, 'eh?
In court Thursday, Madoff -- a dapper figure, dressed in a charcoal-gray suit, with swept-back, wavy gray hair....
Sounds like sympathy for him, doesn't it?
Before the court hearing, helicopters circled above the courthouse, and federal officers with automatic weapons stood outside. Investors signed in before entering the courtroom.
Afterward, Burt Ross, a lawyer from Englewood, N.J., who lost $5 million in Madoff's swindle, said: "It's a little bit like seeing the devil."
I'll bet the courtroom still smells of sulfur, because HE is the EMBODIMENT of EVIL!!!
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