Forget throwing down seven or eight figures to give to the silver haired guy who promised returns of 10-15% annually; the real opportunists found South African Barry Tannenbaum. BT used his family’s presence in the pharmaceutical industry as a launchpad to lure investors by promising returns of at least 15% every 12 weeks through the purchase of raw materials to be sold to drugmakers. Those lucky enough to partner with Tannenbaum when he was “making” 3%/wk through his opportunistic investing in AIDS drugs are now wondering where their collective 2 billion rand wound up going. As the roughly 400 investors look for payback, the pharma fraud takes issue with any comparison to King Ponz.
“Your attempt to compare me with Madoff isn’t only odious, but is blatantly and patently incorrect without any factual foundation and sensationalist,” Tannenbaum said in a July 8 e- mail.
He is right; not even Bernie played the ‘helping children with AIDS in Africa’ card.
His head looks like a potato.
Now I’m tungry again.
Was “2 billion rand” kin to Ayn Rand? Anyone?
~AIG Quant
@1- That’s a photo of Greg.
Do you have a sweatpants/junk picture of this guy, or just the headshot?
@2
possibly the worst joke ever made
Do you have a sweatpants/junk picture of this guy, or just the headshot?
BLANUS is a potato head?
@5…..Not necessarily. The joke was perfect in its set up: A Dealbreaker article on an alleged Ponzier, Mr. Tannenbaum, mentions the currency of South Africa -the Rand- and the jokester easily constructed a bon mot by associating:
a. The similarity between the “Rand” and author Ayn Rand.
b. Subliminal inference is then thought out by Ayn Rand’s influence on Greenspan who authored much of the current financial debacle which has caused the “reveal” of numerous Ponziers, and,
c. The jokester capitalizes on the lame intellectual capital of AIG by posing the question under such a moniker.
So, we see several moment of ironic humor which spilled over into guffaw territory when put into such a structured bundle.
Well played, #2, well played…!
~The Joke Briefer
I realized who Greg looks like, sounds like and acts like last night: Butters from South Park
International Ponzi schemes = new use for online currency converters. 1 ZAR = 0.130329 USD
@9 FTW!
Here we go again – another greedy Jew.
Here we go again – another greedy Jew.
With all apologies to Tannenbaum, this is a perfectly pedestrian Ponzi scheme; claims of 3% weekly returns based on vaguely-described “commodities” trades are routine in the Ponzi business.
What made Madoff unique was that he promised unusually *low* returns; 10-15% annually is about the lowest a Ponzi artist has ever offered, which is why he evaded detection for so long.
@9 haha
@8
just let it go
Who does B. Tanns look like? I can’t quite put my finger on it…
[the Blaster has reduced Bartertown's power supply]
Auntie Entity: For God’s sake, what now?
The Master: Who run Bartertown?
Auntie Entity: Dammit, I told you, no more embargos.
The Master: More, Blaster.
[the Blaster puts all power out]
The Master: Who run Bartertown? Who… run… Bartertown?
Auntie Entity: …You know who.
The Master: Say.
Auntie Entity: Master Blaster.
The Master: Say loud!
[the Master turns on the town loudspeakers]
Auntie Entity: Master Blaster.
The Master: Master Blaster… what?
Auntie Entity: Master Blaster runs Bartertown.
The Master: Louder!
Auntie Entity: Master Blaster runs Bartertown!
The Master: Lift embargo.
[the Blaster turns power back on]
Butters: I don’t play world of warcraft…
Cartman: Butters, you said that you’re on your computer all the time.
Butters: Yeah, but I’m playing hello kitty island adventure!
Cartman: Ugh… Butters, go buy world of warcraft, install it on your computer, and join the online sensation before we all murder you!
Butters: O-oh… Al-alright then!
SAC?
@2 & 8 – shut the fuck up
Does anyone else want to punch Renee Bonorchis right in the face for using the word “quinquagenarian” in her article on Bloomberg? Really?
-2StopShop
Nice going Bess, you have to publish the pic of this guy at temple holding the Torah scroll.
@8 I concur, 2′s post was quite humorous and I chuckled after reading it.
@5 Your just spitefull towards 2 because your an ex AIG Quant. In fact why are you on Dealbreaker? Get back to scrubbing my toilet.