There's nothing to sharpen the Schadenfreude like a good list of Made-off victims. Of course, we delight in seeing big (and preferably pompous) names on the ever-increasing list of Made-off victims lists. The snide aside "He was a Made-off investor, you know..." has quickly become the socialite jab of the month, usurping "That sweater is 100% acrylic" by a landslide in this week's survey. As a proxy telling us who didn't bother doing diligence (no-name accounting firms? C'mon people!) there are few better indicators. So, we bring you the best list we've found yet, hosted by FinAlternatives.
List Of Victims Of Madoff's Alleged Ponzi Scheme [FinAlternatives]
Posted by guest , Dec 15, 2008 1:32PM
Seriously I swear, I was following all of the banks rules, I just paid out a higher interest rate. Who knew we would have a bank run.
Posted by financialmarketjim , Dec 15, 2008 1:33PM
this video breaks down a Ponzi scheme.
http://www.youtube.com/watch?v=m54bAfxgYPw&feature=channel_page&fmt=22
Posted by american bandersnatch , Dec 15, 2008 1:35PM
Amen, sister. If they're kicking out above average returns and can't spring for a name brand CPA firm, ....
Posted by guest , Dec 15, 2008 1:39PM
Stealing from charities, families and schools. Class Act!
Posted by guest , Dec 15, 2008 1:42PM
They should have used Richmond-
Fairfield Associates to audit the books.
Posted by guest , Dec 15, 2008 1:42PM
cops come and try to snatch my crops
Posted by guest , Dec 15, 2008 1:50PM
Are these the "imaginary" inflated values from statements, or the paid in amounts?
Couldn't discern from the article.
Posted by guest , Dec 15, 2008 1:54PM
these pigs want to blow my house down
Posted by guest , Dec 15, 2008 1:55PM
I am naming my next child Ponzi Madoff Money.
-w
Posted by guest , Dec 15, 2008 2:07PM
I am getting my Madoff on and doing a Palm Beach.
-w
Posted by guest , Dec 15, 2008 2:11PM
Or conversely. getting my Palm Beach on and doing a Madoff.
-w
Posted by guest , Dec 15, 2008 2:21PM
heh heh heh, Merkin, heh heh heh
Posted by Suits , Dec 15, 2008 2:23PM
Do any of the B/D owned HFs clear/custody through the parent firm? Global Alpha, I'm looking at you here. I mean, the no-name auditor is one thing, but as has been pointed out a brand name auditor is not much better in preventing fraud. However, the self-custody thing should have raised all sorts of flags.
Posted by guest , Dec 15, 2008 3:08PM
Madoff Family Foundation / charity / $19 million. Man, that's a donkey punch.
Posted by guest , Dec 15, 2008 3:08PM
@13 Gahbelly?
Posted by guest , Dec 15, 2008 3:15PM
Jew
on Jew
on Jew on Jew
on Jew on Jew on Jew
on Jew on Jew on Jew on Jew
on Jew on Jew on Jew on Jew on Jew
Was trying to explain Madoff's ponzi scheme to my 7 year-old nephew last night - almost looks like a Christmas tree, where the angel rests on top and it's green & pretty - and the dead, withering branches below are just cut away and thrown in the bin
Posted by guest , Dec 15, 2008 3:34PM
Foundation for Humanity (Elie Wiesel's charity) = The Human Fund?
Are we sure this is a real organization?
Posted by american bandersnatch , Dec 15, 2008 3:50PM
#17 - Do I have some grievances to air at Mr Madoff.
Posted by guest , Dec 15, 2008 4:11PM
@6,
you are crazy.
Posted by guest , Dec 15, 2008 4:14PM
@17, it's money..for people
Posted by guest , Dec 15, 2008 5:02PM
Santander, $3.5 billion? OUCH!
Posted by guest , Dec 15, 2008 5:02PM
Santander, $3.5 billion? OUCH!
Posted by guest , Dec 15, 2008 5:05PM
22 That's customers / advisory clients of Santander, no? OUCH, plus messy situation.
Posted by guest , Dec 15, 2008 5:15PM
@17, very real philanthropy...
When they start reclaiming earlier redemptions on this thing it is goign to be the biggest nightmare in history. Think the Govt will refund the short-term capital gains you would have had to pay?
Posted by guest , Dec 15, 2008 5:56PM
@24, can they clawback redemptions from a failed fund?
Posted by guest , Dec 15, 2008 6:41PM
@25. Yes they can and will and 24 was correct. This will be a giant nightmare and takes years to unfold.
Posted by guest , Dec 16, 2008 12:40AM
The list looks like the who's who of the Jewish Underworld. The land is Islam is laughing at the irony where the traitor was among them.