Gothamist: Madoff's Victims Range from Big Firms to Individuals

matty

Mon, 15 Dec 2008 14:51:47 -0500

oh defrauded them by giving them false information. gotcha.

Brooklynbobby

Mon, 15 Dec 2008 14:26:55 -0500

"What's interesting to note is that Madoff's dealings affected the super-wealthy to the just plain-old mom-and-pop savers." That's what you call equal opportunity greed. What a bastard!

Buck Owens

Mon, 15 Dec 2008 12:57:10 -0500

I see a government bailout brewing in the works for this one.

Politburo

Mon, 15 Dec 2008 12:04:47 -0500

"Norman Braman, owner of the Philadelphia Eagles" The owner of the iggles is Jeffrey Lurie.. for over 10 years now.

matty

Mon, 15 Dec 2008 11:29:01 -0500

I'm not sure what happened to the money other than he lost it. Did he embezzle the money? I mean, what was illegal here?

JacqueMehoff

Mon, 15 Dec 2008 10:27:55 -0500

how is this not a hedge fund? people give him money to invest, rich people, very rich people. isn't that a hedge fund. it's a money club for the rich. (that's what the lawyer said at opening)

r1b2

Mon, 15 Dec 2008 10:15:19 -0500

This was not a hedge fund. Have any of the commenters herein bothered to read any of the news items about this?

r1b2

Mon, 15 Dec 2008 10:14:19 -0500

Kids, we haven't seen the half of the impact of this yet. And to those blaming the victims, this was a reputable firm with a client base built over decades. Typical ponzi schemes promise quick, high returns. Madoff ran a reasonable business over years. People slowly increased their holdings with him over time. He proved himself to be trustworthy. I feel terrible for those whose trust was so deeply betrayed.

Jerky

Mon, 15 Dec 2008 01:51:26 -0500

Duh! Even in a total scam, every single one of those investors signed a form stating that they knew they could lose 100% of their investment. So please, don't complain if you were dumb enough to put "85% of your life savings" into a hedge fund.

Steven

Mon, 15 Dec 2008 00:43:56 -0500

At least we know how some people are able to live the luxury lifestyle.

Snoopy

Mon, 15 Dec 2008 00:36:07 -0500

Moishe how could you have done this to us? 50 large ones Moishe. I need a face lift and you blow it on some hedge fund? Moishe how could you? My mother's condo in Miami you mortgaged? My nails are cracking I'm so distressed. How could you do that Moishe? I'm calling Bernie.

west side Michael

Sun, 14 Dec 2008 23:16:16 -0500

Rush is OK, he makes 20 million+ (a year?) I would wish he were a loser though. This should make him even more happy about how things are done in liberal NU YourK.

NannyState

Sun, 14 Dec 2008 23:00:35 -0500

...Saul Katz, co-owner of the Mets...Norman Braman, owner of the Philadelphia Eagles...Mort Zuckerman...Senator Frank Lautenberg...increasing chatter about Rush Limbaugh...

dooWOP

Sun, 14 Dec 2008 22:11:16 -0500

Hey, if you're dumb enough to put all your eggs in one basket...

kapusta

Sun, 14 Dec 2008 21:48:03 -0500

.....ahhh, the Stock Market....where the big sharks eat the small fish....

west side Michael

Sun, 14 Dec 2008 21:15:28 -0500

Watch how many other hedge funds are gonna blame Madoff & Co. jez u watch. I'ts too easy and they need to cover up their own questionable mistakes and openings due to non-regulation. King Bloomie any comments on this theft? A lot more serious than Plaxio's gunshot,Nah! these are probably your friends and with friends like these you don't need enemies. Oy Vey!

NannyState

Sun, 14 Dec 2008 20:38:34 -0500

"Springtime for Hitler and Germany..." ...or was it babyhitler?

babyhitler

Sun, 14 Dec 2008 19:44:42 -0500

this dude was the nasdaq chief!!!! This just goes to show you that Ibanks and investing is all just a big con. It's like billon dollar musical chairs.

jaycjay

Sun, 14 Dec 2008 18:52:21 -0500

Anyone who invested with him and thought that he was front-running got what they deserved. They thought they were profiting through cheating (without legal risk, which would really only be his), but got burned themselves.