Showing posts with label ponzi scheme. Show all posts
Showing posts with label ponzi scheme. Show all posts

Monday, September 21, 2009

DAVID HASSELHOFF HOSPITALIZED!!

It is being reported that "America's Got Talent" star David Hasselhoff has been hospitalized on Sunday after his 17yr old daughter found him intoxicated. Hasselhoff is rumored to have a serious drinking problem.

Monday, June 29, 2009

MADOFF TO BE SENTENCED TO 150YRS IN PRISON

Bernard Madoff is scheduled to appear before Manhattan judge Denny chin to receive his sentence. Madoff could face up to 150 years in prison for conducting one of the most elaborate Ponzi schemes to date. In legal action last Friday he was stripped of his property. His lawyer Lee Sorkin asked the court for a 12 year sentence because Madoff's life expectancy is only 13 years. Currently Madoff is 71 years old.

Monday, March 16, 2009

NYC Businessman Tries To Make Up for Bernie Madoff's Customers A Free Dinner For Those Frauded

Businessman Nino Selimaj is announcing today he is trying to make up for the $50 billion dollars in losses of Bernard Madoff's over 2,000 customers by offering them free dinner. Patrons can bring their monthly client account statements from Bernard L. Madoff Investment Securities LLC and get a free entree at the popular 208 Restaurant located on East 58th street.

Although I cant give these unfortunate people back their money in cash, I can pay them back in pasta for their losses The restaurant has lost income from the Madoff scandal. Some of their dual customers that were affected by the Ponzi scheme have not returned. Hopefully offering them free food might bring them back. said Mr. Selimaj. Customers must call 212-750-7766 in advance to make a reservation and their identity will be concealed.

Thursday, February 12, 2009

Ruth Madoff: What Did Bernie's Wife Know?

On Dec. 10, according to a court filing by the Madoffs’ lawyer, Mr. Madoff admitted to his wife and their two sons that his multibillion-dollar hedge fund was an elaborate Ponzi scheme. If that is true, Ruth Madoff learned of her husband’s crimes as suddenly as the rest of the world. One day, she was married to a stock-market genius, the next she was married to one of history’s great con men.

That, anyway, is the official Madoff version of events. At this point, as a mess that Mr. Madoff himself is said to have estimated at $50 billion lands in litigation, the main characters aren’t talking. In the absence of direct answers, all that’s left is the sort of psychological puzzle that belongs in Act II of a David Mamet drama, right before we find out who are the players and who are the played.

Was Mrs. Madoff really blindsided? In the social circles where the couple once traveled, both possibilities are unnerving — that Ruth Madoff was in on this, or that she wasn’t. If she isn’t a confederate, after all, then she arguably should be counted among Bernard Madoff’s victims. Either way, wittingly or not, she was an essential asset to her husband, humanizing him and drawing people into his orbit.

“All I will say on the subject is that it’s hard to imagine that she could live with the guy for 50 years and have no inkling,” says Donald Rosenzweig, a childhood friend of Ruth’s and an investor in Madoff Investment Securities. “Could she attract people to him? Yes. Was she out there shilling for him? I doubt it. But maybe.”

Federal prosecutors have not charged Mrs. Madoff with any crimes, and though she is currently living with her husband, who is under house arrest in their Upper East Side penthouse, she can come and go as she pleases. She has surrendered her passport and agreed to a deal with the United States attorney’s office that freezes her assets and grants her an undisclosed monthly allowance for living expenses, the cost of security for the couple and legal fees. The conditions of bail for Mr. Madoff include a $10 million bond secured by homes in Mrs. Madoff’s name. (huffingtonpost)

Ruth Madoff: What Did Bernie's Wife Know?