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]
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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.
this video breaks down a Ponzi scheme.
http://www.youtube.com/watch?v=m54bAfxgYPw&feature=channel_page&fmt=22
Amen, sister. If they’re kicking out above average returns and can’t spring for a name brand CPA firm, ….
Stealing from charities, families and schools. Class Act!
They should have used Richmond-
Fairfield Associates to audit the books.
cops come and try to snatch my crops
Are these the “imaginary” inflated values from statements, or the paid in amounts?
Couldn’t discern from the article.
these pigs want to blow my house down
I am naming my next child Ponzi Madoff Money.
-w
I am getting my Madoff on and doing a Palm Beach.
-w
Or conversely. getting my Palm Beach on and doing a Madoff.
-w
heh heh heh, Merkin, heh heh heh
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.
Madoff Family Foundation / charity / $19 million. Man, that’s a donkey punch.
@13 Gahbelly?
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
Foundation for Humanity (Elie Wiesel’s charity) = The Human Fund?
Are we sure this is a real organization?
#17 – Do I have some grievances to air at Mr Madoff.
@6,
you are crazy.
@17, it’s money..for people
Santander, $3.5 billion? OUCH!
Santander, $3.5 billion? OUCH!
22 That’s customers / advisory clients of Santander, no? OUCH, plus messy situation.
@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?
@24, can they clawback redemptions from a failed fund?
@25. Yes they can and will and 24 was correct. This will be a giant nightmare and takes years to unfold.
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.