Re: BERNIE MADOFF DIES IN PRISON

Pearlee · ‎06-11-2011

@suzyQ3 wrote:
@Love my grandkids wrote:
@Porcelain Just FYI, no one poster can "instruct' the mods to delete anything.

A post can be reported but that doesn't mean it will be deleted. It's up to the mods.

And I don't feel one bit bad for that evil crook. He was a waste of oxygen.

@Love my grandkids, I think that @Porcelain's use of "instruct" meant the same as "report" in in this context.

@suzyQ3 They have quite different meanings.

gertrudecloset · ‎02-13-2021

@BornToShop wrote:
His life ended, but...what about the lives he ruined???

I read somewhere that up to 65-70% of people he scammed were recompensed for what he stole from them. I don't know if that means these people got all their money back or just some of it.

A Negative Mind ~ Will give you a Negative Life

Grand Happy · ‎06-10-2014

I just watched the news and totally forgot about one of his son's hung himself two yrs after his Dad was arrested. The other son died a few yrs ago from cancer.
His trail of evil touched so many in many ways.

GoneButNotForgotten · ‎03-29-2020

Good...that's where he belonged.

He asked for early release on "compassionate" grounds. Where was his compassion for all the people he ruined and all the lives he destroyed?

agb80 · ‎10-16-2020

If people had really watched the news while this was happening or seen any of the documentaries, then they would know that there was way more to the story.

Bernie Madoff had been reported numerous times of having a ponzi scheme starting in 1992.

Search:

The investigation of failure of the SEC to uncover Bernie Madoff's Ponzi Scheme

Also, besides the fact that no one could replicate his double digit rate of returns he was giving mostly to the cream of the crop of his wealthy clients; his supposed stock trades never made a dent in the stock market to indicate large movements of transactions had occurred. Nevertheless, his clients continued to employ him though most were extremely bright and college educated and KNEW darn well, something had to be up; that it was too good to be true. And it was but they didn't care as long as THEY got paid...remember they were the cream of the crop according to Madoff.

teganslaw · ‎03-11-2010

I don't understand how that many people could have been scammed. They should have been aware that something wasn't right from the beginning. The SEC failed to uncover the ponzi scheme when it started, so Madoff got away with it for awhile.

I don't feel sorry to hear about Madoff's death, but I can't feel much sympathy for some of his clients, either. It shows how gullible some people can be when money is involved.

"The more I learn about people, the more I like my dog."

Mark Twain

novamc1 · ‎07-02-2015

Madoff was able to attract so many trusting investors because he had a stellar reputation and position on Wall Street for many years.

I guess the larger and larger amounts of money people were willing to place under his management eventually led him down a fraudulent path of temptation--or he simply didn't know what to do with it all and began running the Ponzi scheme.

I'm an investor myself, but being a control freak, I like to know where every penny of my money is. Never could I allow any so-called "money manager" to take control over so much of my funds. Too many people have been bilked by money managers and money management firms---news reports abound of how investors have been robbed by these people. Sometimes they lapse into mental illness and become a little crazy and reckless.

There's almost no way to guess which ones are eventually going to turn bad.

suzyQ3 · ‎03-09-2010

I think it is monday-night-quarterbacking to say with uncertainty that you would not have been duped. This wasn't some fly-by-night guy hawking miracles; he was probably one of the most prominent money man around at the time.

~Who in the world am I? Ah, that's the great puzzle~ Lewis Carroll, Alice in Wonderland

Porcelain · ‎02-19-2014

@suzyQ3 wrote:
I think it is monday-night-quarterbacking to say with uncertainty that you would not have been duped. This wasn't some fly-by-night guy hawking miracles; he was probably one of the most prominent money man around at the time.

I agree.

People are falling for bitcoin right now. It never stops. There will always be cons and there will always be marks. And the easiest way to be vulnerable to a con is to be perfectly certain you cannot ever be conned.

When you’re accustomed to privilege, equality feels like oppression.
"Power without love is reckless and abusive, and love without power is sentimental and anemic." - Dr. Martin Luther King Jr

Mindy D · ‎05-23-2010

@NicksmomESQ wrote:

@SeaMaiden wrote:
@NicksmomESQ He was very popular and well liked in prison...the other inmates admired him. Sadly, in prison he probably was happy.
@SeaMaiden I heard that too but somehow I don't believe it. He went from the high life to a jail cell. He was an emotionless S O B .I don't think he wanted to give the public the satisfaction of knowing that he was a broken man.
Both his sons are dead.His wife & grandchildren wanted nothing to do with him.The government refused his request for a compassionate release from prison.If a few prison mates admired him I doubt that made him happy. Early on a fellow prisoner also beat the c r a p out of him. Some mobsters apparently took a liking to him & protected him.
By the way IMO his wife jumped ship to save her own skin. I believe she knew exactly what he was doing.She got off easy compared to him.She got to keep $2 1/2 million & slither away,to live a quiet life.

@NicksmomESQ @Madoff stole the only money his wife's sister had. I don't believe for a moment that his wife knew what Madoff was doing. Everything appeared very legit. Madoff made off with the money. He didn't care who he hurt. Everyone was just a pawn in his game, including his family. Madoff felt no remorse. He had no conscience.