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Legal Trouble Spreads to Madoff Family Members

Posted on Oct 2, 2009
AP / Jason DeCrow

Fallen financier Bernard Madoff’s brother, sons and niece are now in legal hot water after a court-appointed trustee filed suit against them on Friday for allegedly pocketing “ill-gotten gains” they received from Madoff’s fraudulent business ventures, according to The Wall Street Journal.  —KA

The Wall Street Journal:

The trustee, Irving Picard, alleged in his suit that Mr. Madoff’s brother, Peter, his sons, Andrew and Mark, and his niece, Shana, all received preferential payments or fraudulent funds stemming from Mr. Madoff’s multibillion scheme. These funds enriched the family members, allowing them to fund personal business ventures and purchase homes, boats and cars, the lawsuit says.

Mr. Picard is seeking a return of at least $198,743,299, of which some $141 million was received by the family members in the six months leading up to Mr. Madoff’s arrest on Dec. 11, 2008, the lawsuit says.

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By ardee, October 9, 2009 at 3:12 am Link to this comment

Not for apolloguide, but for those with a more balanced and rational perspective, one not consumed with hatred for all who practice one specific religion.

Not a clue as to what this rambling, disjointed and semi-coherent response intends, other than a continuation of the distortions of history and truth that seem to typify its posts in general.

Israel was created , first by the Balfour Declaration of 1917 and then brought to fruition by a world sickened by the Holocaust.

The word “Zionism” itself is derived from the word Zion (Hebrew: ????, Tzi-yon?). This name originally referred to Mount Zion, a mountain near Jerusalem, and to the Fortress of Zion on it. Later, under King David, the term “Zion” became a synecdoche referring to the entire city of Jerusalem and the Land of Israel. In many Biblical verses, the Israelites were called the people, sons or daughters of Zion.

“Zionism” was coined as a term for Jewish nationalism by Austrian Jewish publisher Nathan Birnbaum, founder of the first nationalist Jewish students’ movement Kadimah, in his journal Selbstemanzipation (Self Emancipation) in 1890. (Birnbaum eventually turned against political Zionism and became the first secretary-general of the Haredi movement Agudat Israel.)[9]

Zionism can be distinguished from Territorialism, because it is the Jewish nationalist movement willing only to contemplate a Jewish homeland in Eretz Israel. During the early history of Zionism, a number of proposals were made for settling Jews outside Europe, but ultimately all of these were rejected or failed. The debate over these proposals helped to define the nature and focus of the Zionist movement.
wiki of course

The fact is that the Zionist movement is slowly and steadily disappearing as the goal has been reached, the creation of a Jewish Homeland. The actions of Israel should be viewed, criticized and discussed in the same manner as the actions of any nation on the planet.

One doesn’t find the Protestants blamed for the policies of the USA, nor the Church of England for that nations indiscretions either. Yet there remain, even sadly into the twenty first century, those like this sad little person who conflate a govt with a religion and condemn, through lies, distortions and slander all who practice said religion.

I stand firmly on the side of the rights of the Palestinians and have consistently condemned the policies of Israel as incorrigible and unworthy of a civilized nation. I also stand firmly against the bigotry and hatreds of those who display a diseased mind, one that willingly and purposely distorts history and puts forth blatant lies as fact in order to condemn an entire people and their religion.

Further it saddens me when so many good folks choose to ignore their duty to stand and condemn all forms of discrimination and bigotry whenever and wherever it may be found.

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By apolloguide, October 8, 2009 at 4:05 pm Link to this comment

Ardee: I thought all us Christians and Arabs were
goyim.  You mean a geographic line in the sand is all
that separates us from the ire of Avigdor Lieberman ?

You need to read some history and understand that we
lived together quite harmoniously until you started
importing outsiders to boost your numbers in
Palestine.  Israel is a creation of the mind of
conservative Zionists who started getting frisky as
recently as 1800.  Your place holders in Palestine
lived generally compatible coexistence.  The
antiSemite thing was a propagandistic bit of creative
genius.  You are all very good sales-persons. Peace
is not in your interest and never has been.  Trouble
has all sorts of benefits.  Just look at you in these
posts.  You would continue this to the end of the
earth rather than learn something by actually reading
the original works.  If I wasn’t convinced that you
were 13 years old I wouldn’t be taking all this
precious time to school you.

I agree with Avigdor Lieberman that this is a
blessing of riches to be reaped for Israeli’s when
one considers the expanded health insurance in the US
(to come soon) -which will further expand the market
for illegally obtained organs from wounded
Palestinian children shot by the IDF.

There must certainly be a program of increased
compensation for soldiers to provide further
incentive for those who wound for the purposes of
organ harvesting.  The prices will go up because the
schmear will involve more payoffs of airport
officials and customs inspectors.

The spin-off market will perhaps someday leave the
Middle East and concentrate solely in the US where
the spoilage problem is less severe.  There are
plenty of poor people who are in desperate financial
agony and will be easily seduced by the organ brokers
to part with anything they have two of.  Of course
when under the anesthetic, the operation for a kidney
could easily turn into a heart or liver and often was
the primary reason for getting a poor person to agree
to part with a kidney.  You can always say “operator

This is a great way for people who have no human
worth to live beyond their natural lives by stealing
the hearts of those without money.  This is the
darkest of ages and Avigdor Lieberman is brave enough
to face it with a smile. It’s not surprising that he
got his start in Moldova where rabbinical organ
trafficking is canonical.  You have to admire someone
like Avigdor Lieberman who has/is chosen to lead his
people away from compassion and into the jaws of
perennial historical criticism and thorough lasting
eternal disgust and damnation.

Even Hitler couldn’t do that.

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By ardee, October 8, 2009 at 2:59 pm Link to this comment

apolloguide, October 8 at 1:08 pm #

The citing by Stahl refers to the dead in Iraq. You are an incorrigible propagandist, and rather a clumsy one as well.

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By apolloguide, October 8, 2009 at 10:08 am Link to this comment

Leslie Stahl: “We have heard that half a million
children have died. I mean, that’s more children than
died in Hiroshima. And, you know, is the price worth
it?” Albright replied: “I think this is a very hard
choice, but the price — we think the price is worth

(And with two kidneys each at the price of
$160,000.00 that’s $160,000,000,000.00 which helps
defray the cost of the wars in Iraq and Afghanistan;
for us and our partners in Israel this is a win-win
scenario, and in may cases the eyes, hearts, and
livers bring in even greater income and the
possibility for eternal life for our countrymen who
have long since realized that God will not permit us
to live in spirit after death, as our transfer has
timed out and we have no option but to wander the
earth forever…)

Wouldn’t it be a greater benefit to all to try and
execute the organ traffickers and school the IDF
children in the ways of being human?

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By apolloguide, October 8, 2009 at 7:14 am Link to this comment

“Anyone who views the Catholic clergy being pilloried
for its sins, even when some of these sins are feebly
documented, while the Jewish clergy is granted
comparative impunity for its more egregious and
better documented sins — anyone who views this
differential treatment, I say — as a victory for Jews
is mistaken, for in fact it is a stunning Jewish
defeat because impunity is a cancer and a curse.  It
... serves to drag the Jewish people down.

From this point of view, the greatest service that
you or anybody can perform for the Jewish people is
to hold them not to a lower standard than the rest of
mankind, but to the same standard; is to give then
not the curse of immunity from criticism, but the
blessing of criticism as severe as that given to
others; is to give them not the disease of impunity
for their crimes, but the health of full punishment.

...  As this perspective is increasingly adopted,
history will come to ask who has injured Jews most,
and who has assisted them most, and according to this
criterion will mark your work as having served to
destroy Judaism, and will mark my work as having
served to redeem it.

As it is possible that in your reading of the present
letter, the accusation of anti-Semitism will have
intruded itself into your thoughts, I ask you to
remember that in an impartial evaluation of our
respective roles toward the Jewish people, it is
likely to be concluded that it is you — together with
the Born-to-Kill members of Jewish intelligence and
police and armed forces units that you defend — who
are playing the role of anti-Semites.”

—Lubomyr Prytulak

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By ardee, October 8, 2009 at 3:24 am Link to this comment

The ravings of this antiSemite ignore the fact that no facts are contained in his position or in that article. The author admits to having none, and the “witnesses” when interviewed independently , denied having said what they were cited as claiming.

When there is so much to criticize about the policies of Israel towards the Palestinian people it is a damn shame that we here are sidetracked by someones personal hatred and sick little mind.

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By apolloguide, October 7, 2009 at 7:38 am Link to this comment

There comes a time when this jejune credulity comes,
hopefully to an end. “You just steal my heart

The wikipedia article quoted by Ardee has been edited
500 times !! The link is here to view all the zealots

Perhaps Ardee needs to actually read the original
material in Alison Weir’s blockbuster article. 
Alison who is a righteous Jew whom stumbled
accidentally upon this information in 2000 while
writing and working in Israel.

I was in Europe in 1991 and got wind of it there when
people were afraid of going south of Rome because of
the large number of tourists being killed for body
parts.  In 1991 it was not realized by many that
Israeli law was changed to allow for the easy
monetary transactions involving body parts. 
Israeli’s have created clandestine organ brokerages
and are actively involved in every country where
there is violence and enough genetic similarity. 

After all this attempt to cover up atrocities I guess
the next claim will be that Rachel Corrie drove the
bulldozer over herself.

This Israel is under a brutal regime which does not
even allow the UN to come in and investigate the
latest Palestinian Holocaust where 1500 were killed
and over 12,000 were injured in Gaza.  Many of the
wounded were harvested for their organs.  Many of the
weapons used in the rape of Palestine were bought
with money that Bernie Madoff dropped off at the UBS
bank and at the Bank of Israel in Tel Aviv. 

If this was about priests and little boys it would
get big media coverage but since it is Israeli
Zionists and organ mining and harvesting the story
gets immediately buried.  There is a double standard
operating, fueled and supported by the outrageous
claims of anti-semitism by people truly fearful of
looking into their own closet of skeletons and with
the majority lacking basic courage and nerve to go
where the truth takes them.  It is cowardice. It is
understandable, but if allowed to continue by
refusing to ask the hard questions then it will
continue to pollute and undermine the influence of
good people everywhere.

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By ardee, October 6, 2009 at 4:32 pm Link to this commentöm

2009 article on organ trafficking
Main article: Aftonbladet-Israel controversy

On August 17, 2009, the tabloid Aftonbladet published an article by Boström, ”Våra söner plundras på sina organ” (“Our sons are plundered of their organs”)[2], claiming to expose a human organ trafficking ring involving soldiers in the Israel Defense Forces abducting Palestinians to harvest their organs. edited
The article prompted outrage in both Sweden and Israel, with accusations of anti-Semitism and Blood libel against Jews leveled against Boström and Aftonbladet.[4][5]

According to Yossi Klein Halevi, writing in the strongly pro-Israel The New Republic, Donald Boström would have readily admitted that he has no proof the accusations are true and the Palestinians he quoted in his article would have since denied making those accusations.[6]

Matthew Cassel wrote on his part in the pro-Palestinian Electronic Intifada that “Baseless organ theft accusations are a propaganda gift for Israel, and deflect attention from its well-documented war crimes in the West Bank and Gaza Strip”.[7]

Lena Posner-Korosi, leader of Sweden’s Jewish community, criticized Israel’s official response to this article, stating in an interview with the Israeli army radio that the Israeli reaction and media outrage had provided the claims with much more exposure than they would have had otherwise, and blown the story out of proportion [8]
[edit] Financing

Israeli daily Ma’ariv reported that Bostrom’s 2001 book Inshallah, which deals with the Israeli-Palestinian conflict and reportedly included the allegations of organ harvesting relating to the Abu Kabir Forensic Institute, was financed - among other bodies - by the Swedish Foreign Ministry
One of the bright spots in the story was the Swedish ambassador to Israel, Elisabet Borsiin Bonnier, who said that the article was

  …as shocking and appalling to us Swedes as it is to Israeli citizens. We share the dismay expressed by Israeli government representatives, media and the Israeli public. This embassy cannot but clearly distance itself from it… Freedom of the press and freedom of expression are freedoms which carry a certain responsibility. It falls on the editor-in-chief of any given newspaper.

Aftonbladet’s Donald Boström admits he does not have any evidence of how the IDF allegedly steals organs from people, yet insists that Israel must prove her innocence. Which is an interesting way of looking at things. Here is an unauthorized translation from journalist Martin Schori in Swedish Dagensmedia:

  As previously has covered, an article in Aftonbladet has led to a diplomatic crisis. A civil servant in the Israeli government has called the article “hate pornography” while the country’s ambassador has encouraged the government to take a stand in favor or against the article.

  A stand which is yet to be taken.
  To the question of whether he has any evidence of how Israeli soldiers are to have stolen organs from dead Palestinians he says:

  – No, and neither do I claim to. But I have proof of how Palestinians I have interviewed have made such claims.

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By apolloguide, October 6, 2009 at 10:37 am Link to this comment
Also published in Counterpunch the last week of
August 2009.

This link contains the latest extensive modern
information on the organ harvesting by Israeli’s to
gain prestige in the medical community and to do an
end run around their citizen’s refusal to sign organ
donation cards.  They are in the position now where
they go and injure Palestinian children for the
purpose of harvesting their organs.  They stuff
butcher paper into the body cavity and then sew them
up with butcher string and return them to their
families for burial with the eyes removed.
innocent victims of a most horrible crime.  The
suppression of this activity is intensely pursued by
Israeli’s just as their betting the stock markets
action based upon whether they attack political
targets (market goes down) or military targets
(market goes up).  This is all detailed in this Bank
of Israel investment market research report available

With this kind of craven greed documented as well as
it is today it increasingly surprising to find even
Zionists who will defend it.  I was surprised to find
so many here at Truthdig when I posted my original
comment.  But in a world gone mad with greed,  -not
to think that Bernie and Abramoff who were neck deep
in such radical Jewish actions such as these when 95%
of the people they stole from were American Jews
leads one to question the motives of those who refuse
to look over the edge at this madness.  A majority of
American and Israeli Jews refuse to look at what
their ethnic criminal element is doing including
creating laws which facilitate organ harvesting in
Israel. Visiting Jewish teenagers make extra money
for their flight home by taking a package to be
passed off to the rabbis at The Bensonhurst Jewish
Center on Avenue O in Brooklyn. 

It is all there, read the articles and then comment.

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PatrickHenry's avatar

By PatrickHenry, October 5, 2009 at 4:02 pm Link to this comment

By Fat Freddy, October 5 at 10:55 am #

Actually I am taken aback and somewhat flattered that such an eloquent post would denote the same nom de guerre which I choose to represent my posts by. 

Patrick Henry was instrumental in the creation of the Bill of Rights as he knew the U.S. Constitution by itself would allow the federal government to have too much power over the states and the citizens within those states.  We see today the continuing battle between the federal government attempting to strip the states citizens of basic free speech, assembly, habeaus corpus… and the new 10th amendment movement which is gaining ground around the nation.

Since April 07, I have been going toe to toe with zionists here at truthdig, both those who are flagrant and after Israels recent war crimes, those who are veiled.  It has become chic amongst many American jews to overtly condemn Israel’s government on one hand while lambasting those who criticise the apparatus which enables it on the other.

While I am an American and obviously foreign to the Israeli mindset, I find it hard to fathom that a people who withstood so much world condemnation over the centuries and lost so many in the Holocaust have become so cruel and vile towards their neighbors considering that Arab/Jew relations were much better before the “jewish homeland” was created. 

I would hope my nations leaders would have taken more of what the real Patrick Henry words meant to heart when dealing with Israel and those who support it such as Madoff.

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By Fat Freddy, October 5, 2009 at 5:50 am Link to this comment


Interesting article. It cited this article by Mary Barrett for the Washington Report on Middle East Affairs in 1990. Interesting that Chris Hedges is a contributor for them.

...the Washington Report has published articles belittling the magnitude of the Holocaust,...
...Each issue is filled with wild conspiracy theories about Israel and pro-Israel lobbying groups, accusing them of orchestrating everything from the Monica Lewinsky scandal to the assassination of John F. Kennedy.”

But even by her own conclusions:

The question of organ theft is of compelling concern to Palestinians. Whether it is a matter of perception or fact. if not quickly addressed its impact on future Israeli/Palestinian relations will be devastating.

Also cited was an article by Donald Bostrom:

Donald Boström would have readily admitted that he has no proof the accusations are true and the Palestinians he quoted in his article would have since denied making those accusations.[6]

Matthew Cassel wrote on his part in the pro-Palestinian Electronic Intifada that “Baseless organ theft accusations are a propaganda gift for Israel, and deflect attention from its well-documented war crimes in the West Bank and Gaza Strip”

The attempts to tie the Brooklyn case to the harvesting of Palestinian children organs is less than tenuous. It’s barely anecdotal. No doubt, the exploitation of impoverished people from Moldova and Brazil (among other places) to sell their organs is reprehensible, and is the act of an organized crime ring. However, equally reprehensible is using unsubstantiated claims that accuse the Israeli government of taking organs from captured Palestinian children.

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By ardee, October 5, 2009 at 4:58 am Link to this comment

PatrickHenry, October 5 at 6:44 am

I do not call you an anti-Semite, I recognize you as one. All your evasions, all your sick denials, all your unverifiable opinions about those who post here are nothing, as , ulitmately ,are you.

You lied about my lack of proof of my assertion and you lie to yourself, I imagine, about your self worth too.

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By PatrickHenry, October 5, 2009 at 3:44 am Link to this comment

By ardee, October 5 at 10:14 am #

What I do find significant is the silence from so many supposedly good folks here in the face of the excrement these two pour into these pages.

Perhaps the other good folk who post here are all too aquainted with your hate filled diatribe. 

If anyone has followed truthdig over the years they will know the most outrageous examples of hate, prejudice, racism and bigotry have been handed out by pro-semite posters such as yourself, Lilmamzer, Lefty and some other hit and run lunatics.  FT is the most sane, however his recent obsession with white supremacists fails to address jewish racism which is a close parallel. 

Your just another moron who feels that calling someone an anti-semite elevates yourself and your arguement, nothing can be further from the truth. 

Just keep wearing out the word, it means less and less every day.

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By ardee, October 5, 2009 at 3:14 am Link to this comment

Folktruther, October 4 at 9:51 pm #

Ardee, there is a huge new history of the White Nationalist movement in the US recently by Leanard Zeskind.  The movement is quite large, with 20 thousand full time activists and 200 thousand active supporters, ideologically like Opollo. It is being concealed by the media. It must be funded by the rich somewhere to allow the huge expenditure on their media.

There is a huge history of prejudice everywhere in the world. I believe the money spent on such groups is done with a purpose unrelated to bigotry, the safeguarding of power.

As long as cretins like Patrick Henry, who posted links to raving anti Semitic websites twice and now protests that I offered no proof of his being a slime bag, and the reeking apollo character, can hate someone or something they can accept their own personal failures as human beings. As long as that happens we can all be kept separate and apart insuring that those in power remain there.

I do not understand your references to AIPAC supporting such groups, but I do not waste a whole lot of time on them either. What I do find significant is the silence from so many supposedly good folks here in the face of the excrement these two pour into these pages.

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By PatrickHenry, October 4, 2009 at 7:05 pm Link to this comment

By Fat Freddy, October 4 at 9:35 pm #

I don’t think Madoff was involved in organ harvesting, theres too much money in ripping off little old ladies, less messy.—Israeli-Organ-Harvesting.php

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By PatrickHenry, October 4, 2009 at 6:53 pm Link to this comment

By ardee, October 4 at 7:03 pm #

Stark raving insulters as yourself continually accuse others of anti-semitism but offer little in the way of argument and mostly give insults, innuendo and slimey diatribe. 

Considering the source of these insults and knowing the collaborative nature of arrogant semitism, you only amuse me in your rantings.

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By Folktruther, October 4, 2009 at 6:51 pm Link to this comment

Ardee, there is a huge new history of the White Nationalist movement in the US recently by Leanard Zeskind.  The movement is quite large, with 20 thousand full time activists and 200 thousnad active supporters, ideologically like Opollo. It is being concealed by the media. It must be funded by the rich somewhere to allow the huge expenditure on their media. 

Liberty Lobby, now defunct, spent four million dollars year after year.  The National Alliance, a Hitler type movment was led by a physicist, Pierce,  and had scientists and scholars as supporters.  Quite serious.  this is a margianl movement but by no means a fringe movement.  It’s poblic face is Buchanan, raised with his brothers as a Franco fascist, who is quite smart.He is openly for devastating the left.

This movement, which emphasizes the White race, Christianity, and anti-Semitism has attracted a lot of money and talented people.  It is the White racism that counterbalances the neozionist racism of the Israeli supporters.  It turns out that my own concepts are being used there, like ‘ziofascist.’

the two forms of racism, White racism and neozionist racism, are now at loggerheads.  But if they should merge, they would create a hugely dangerous force.  This is not far fetched.  Aipac, etc, has an explicit view that anti-semitism is less bad and less important than anti-zionism, and they have supported right wing Christian anti-Semites so long as the anti-semites support Israel.  Since the populist right wingers are obvious dupes of the plutocracy, one could probably with enough money get them to believe anything.  The NYTImes gave Pierce a respectful obiturary.

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By Fat Freddy, October 4, 2009 at 6:35 pm Link to this comment


the myriad of sworn testimony of that which I speak

Would you care to provide links? I’d like to see this sworn testimony that links Madoff to the N.J. corruption probe and first organ trafficking case.

Perhaps it’s somewhere in here.

...or here

And this article says nothing of the taking of organs from Palestinian children. Nor could I find it anywhere in any of Nancy Scheper-Hughes articles and interviews.

If you don’t believe Nancy Scheper-Hughes is the foremost expert in organ trafficking, please tell me who is.

This is pretty extensive coverage, but if I am missing something, please let me know.

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By apolloguide, October 4, 2009 at 5:43 pm Link to this comment

Oh boy ! Now ardee is Chomsky and Folktruther may be
Feith? We are talking suckotash now! 

But you and I are to believe in the festival of their
tremendous light. ? ?

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By apolloguide, October 4, 2009 at 5:33 pm Link to this comment

So sad for you all who hold to unbridled Semitism in
the face of contrary facts.  Celebrate the organ
harvesting Folktruther.  Maybe you are to benefit by
the death of Palestinian children who just happen to be
genetically close enough to you for organ transplants
of eyes, liver, hearts, and kidneys and maybe your
families are benefiting from the deaths of young
Palestinians. You disgust me little boy.

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By ardee, October 4, 2009 at 4:03 pm Link to this comment

Folktruther, October 4 at 5:42 pm

Anti-Semitism, just like other forms of bigotry are always present, FT. Perhaps, as you suggest, vermin like Patrick Henry and this Apollo nutjob are more emboldened by the uncertainties created by our economic distress to express beliefs that might, in less threatening times, bring them a deal of criticism.

It isn’t just this particular form of insanity ( and I believe all bigotry to be such) alive in the world. It seems almost a part of the human condition that hatred for those who differ manifests itself.

That Jews like you and I, and many others in fact, oppose the actions of Israel means nothing to these particular scoundrels. Probably they bask in the hatred or use it to excuse their own personal failures.

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By Folktruther, October 4, 2009 at 2:42 pm Link to this comment

Apolllo, I wonder if anti-Semitic dingbats like you are increasing in the American population.  Anti-semitism did during the depression, Father Conqlin being a good example. I wonder if other forms of racism increased as well.

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By PatrickHenry, October 4, 2009 at 12:21 pm Link to this comment

apolloguide,  I concur with your point that Maddoff offshored the majority of the 65 billion and the Bank of Israel is were the majority of that money resides, hidden forever by the best bankers money can buy.  Who needs the paultry 3 billion per year USAID when you can steal 65 billion and teach Obama a lesson on who’s the boss.

Madoff was and still is a world class zionist and you can expect his friends to either suicide him or make the remainder of his life comfortable. 

Unsuprisingly, this world record robbery, theft or embezzlement or whatever you want to call it will fall off the headlines quickly as zionists control these information centers as well.

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By Folktruther, October 4, 2009 at 10:33 am Link to this comment

WHAT HAPPENED TO THE BILLIONS OF DOLLARS THAT WERE SUPPOSED TO BE INVESTED IN STOCKS?  Why is the Madoff family not being questioned, along with other Madoff exectuives?  It’s simply amazing that crimes of this magnitude are not being investigated in the US.  and it just goes to show that:


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By apolloguide, October 4, 2009 at 8:57 am Link to this comment


I can readily make allowances for your ignorance
since a cravenly ecclesiastical press has excluded
the myriad of sworn testimony of that which I speak

I am sorry that you do not get the news where you
live in Brooklyn Heights but why should you, since
you have lived day to day with the reality of what I
write about and yet choose (or are are ordered) to
deny it to those of us brazen enough to bring it up
in public.  It is just another of many dirty secrets
you are forbidden to talk honestly and seriously

Sadly for America and the world you are at the very
least silenced and at the very worst a willing

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By PatrickHenry, October 3, 2009 at 4:04 pm Link to this comment

I hope all who profited from Madoff have to pay it back and the Madoff family made destitude. 

I agree with the lines in the movie Trading Places that the best way to hurt rich people is to make them poor people.

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By ardee, October 3, 2009 at 11:38 am Link to this comment

apolloguide, October 3 at 12:45 pm

While the actions of those New Jersey residents engaged in organ trafficking was certainly reprehensible, I find your distortion of those crimes to be equally so….Those who were duped into donating organs were flown to this country and the organs removed and the donors lived, however shortened were their lives.

Your fairy tale is simply a made up piece of crap.

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By apolloguide, October 3, 2009 at 9:45 am Link to this comment

This is all a purposeful misdirection as everything
points to the money being in the Bank of Israel
having been conduited there in the “Jews Visit
Israel” scams and in the recently discovered organ
scam where the Brooklyn, Miami, and Chicago rabbis
dealt in the eyes, livers, kidneys, and hearts of
Palestinian children injured in the Christmas
Holocaust who were “mined” for their body parts and
then had their throats cut. They carried on this
illegal trafficking for 15 years all during Abramoff,
Feith, Pearle, Wolfowitz and Emmanuel’s circle of
faith. Madoff and Ezra Merkel along with Abramoff and
the little dancing chickenboy Tom Delay were the
principal enablers.  I imagine Emmanuel has taken
over completely for them now.

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By Rob, October 3, 2009 at 9:16 am Link to this comment
(Unregistered commenter)

The numbers are far to bizarre to allow them to say they didn’t know that something was wrong.  No jury will sit there and accept that any intelligent person could accept all that money and not know it didn’t add up.  It will be curious to watch how this worm turns but rest assured, this little den of thieves will be brought to justice, and the slower the better.

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By Jim Yell, October 3, 2009 at 7:46 am Link to this comment
(Unregistered commenter)

I knew a fairly well off lady who on the advice of a family member invested money in what turned out to be a ponzi scheme. Of course she was of the old school and knew not to put all her eggs in one basket, but she lost her money that she invested. A tribute to her is she stated “I knew this was too good to be true and it is my fault that I invested my money in this scheme”. So my sympathy is not with the investors who might have to pay back all but the amount they actually invested. I think it is fair and more than fair. My friend didn’t recover anything.

Let’s stop pretending that the investment industry is anything but a “shell game”. It is a device to steal the worth of another’s labor and unlike taxes it doesn’t produce even a pretense of doing socially necessary services.

Get rid of patents, copyrights and incorporations. Do not ignore the bribery that is represented by virtually all corporate campaign contributions, delayed bribes in the form of speaking fees and lush book deals. It is all criminal.

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By Fat Freddy, October 3, 2009 at 6:15 am Link to this comment

The funny thing is, had the stock market not collapsed, Madoff would still be in business.

The sons did run a legitimate investment firm. Whether or not they took money from Dad’s scheme remains to be seen. If it turns out that they did take money from Dad for their business, a case could be made that their entire company could be liable.

They are also investigating all of the investors. They are looking at how much they put in, and how much they took out. If they took out more than they put in, they could be compelled to pay back that money, even though they had no knowledge.

The problem I have with these investigators is that they are looking into, or taking into consideration, the amount of money that investors put into the scheme. There’s no consideration for the money that was lost had they put their money into a legitimate investment fund. To say that investors only lost what they put in, is not entirely accurate. OK, they didn’t actually lose that 12% or so interest Madoff said they made, but they did lose the 5-7% they would have made in a regular mutual fund, or even the 2% in a savings account. $10,000 ten years ago, is not the same as $10,000 today.

Either way, the investors are getting screwed. There is some money that is being recouped, and it will be interesting to see just how these investigators divvy it up amongst the losers.

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By ardee, October 3, 2009 at 4:57 am Link to this comment

I think it ludicrous to believe Bernie stole all that money all by himself, thus I applaud the continuing investigations into his firms machinations.

I think it ludicrous to believe that the top executives who invented and traded in those worthless and fraudulent derivatives, then were given hundreds of billions with little or no controls, are not being investigated.

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By dsmith, October 3, 2009 at 3:29 am Link to this comment
(Unregistered commenter)

I saw the trustee on television and got the distinct impression that “He don’t play!”

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