Notice: Meant the case against Madoff, nothing involving me.

I called back the 516-640-xxxx number which appeared on my phone and it turns out there was a name attached which I couldn't tell was a real or computer generated voice.

Name sounded to me like Jenning Romano, not a single name I recognized. Was definitely due to what I said about Madoff. I also realize that the representative from my area in the House was by Madoff so I feel positive that the house committee will investigate this thoroughly.

Government when told about fraud, constantly time and time again looks the other way and not only that they harrass or intimidate.

That is exactly what happened to the Whistleblower in 2005, Henry Markopolous who said he was afraid for his life.

Markopolous couldn't do anything against a corrupt SEC because Madoff had ties back to the agency as we know. So for Cox to say oh we knew in 1999 and dropped the ball doesn't fly.

Don't tell me that McCain who said Cox should be fired was the only person who knew about what was going in within the SEC itself as it was before this scandal made the media headlines since most people wouldn't even had known who Madoff was.

Muriel Siebert ironically was on the same floor of the Lipstick building and I knew who she was because of what she did although we never met since she had a discount broker that was well known back when the internet was really in infancy so when I read the news article and her name came up, it just shows how small this world really is.

If they are going to intimidate the whistleblowers and the good folks time and time again, we must not let freedom from fear intimidate us time and time again.

They looked the other way after Ken Lay was found dead mysteriously with a PLC failure on Amtrak right before it happened. I still don't know what the failure rates are on a PLC, but my speculation still today was that the system was intentionally shut down forcing a command to fail to execute which brought down the system. I realize accidents do happen but the timing and the fact that it was a PLC which generally can execute commands without issue such seems unlikely there was no intervention from elsewhere. I think Madoff is just the tip of the iceberg and we need to get back on track and get off the failed ways of the corporate scandals from Healthsouth to Tyco, to cable providers, to Enron to Worldcom to Madoff, to Broadcom and the like. Too many scandals to mention.

What irks me is this: This guy was directly tied to the Nasdaq, the stock market itself as a market maker as well as had SEC ties due to neice's marriage.

Complaints were made against Madoff and were looked the other way on, just like Enron and other fradulent cases.

Such should warrant congressional investigation but at the same time it was not Madoff who acted alone. You needed complicity of multiple parties and players to pull this off including corrupt players at the SEC and there needs to be criminal charges placed against the person's within governmental circles who directly helped Madoff, such as those at the SEC.

This case is like unwrapping an onion. Madoff is probably the lowest level player here in all honesty.

Shocker!

Is there a mail order or online location where I can get a bankruptcy lawyer degree overnight?

Is there some mail order or online location where I can earn a bankruptcy lawyer degree overnight?

Great quote, Spitzer!

Dirk (comment #2) said it best.

The guy didn't steal $50B. He may have some stashed on the side but he lost it being a bad investor and committed fraud to cover up the losses. This whole case is really about his ego. He wanted to be the hot shit Wall Street honcho everyone admired, the guy who won in the market even when everyone else lost.

It's truly incredible that he's still walking around a semi-free man. The judge even let his wife -- who's also under investigation -- sign for his bail. It's ridiculous.

Like I wrote a few days ago, the best thing that can happen for him would be a nice, long sentence in maximum security. He may even need solitary confinement. It wouldn't take much to bribe an inmate to put a shiv in him.

^ Well the SEC (your tax dollars at work) did investigate Madoff's operations and didn't find anything substantive.

http://www.nytimes.com/2008/12/17/business/17madoff.html?em

It looks like everybody takes a hit. It's been reported that New York City will lose a ton of tax revenue as part of the fallout of this debacle.

@ thelexiphane: "his clients were super-rich people too lazy to even send a competent auditor to see where their money was."

I know many clients that were far from super-rich that lost everything. know your facts before you make a claim like that.

50 Billion Dollars, thats enough for the auto-industry to survive until next year. This man stole money from my family. He is a monster and I hope he gets whats coming

sooner the better, i say. as number 1 said, it's unfortunate that any tax dollars will be spent on his case or on protecting him.

there's just no justification for this guy to be breathing.

It's practically impossible to steal $50 billion. There's nowhere one could hide that much money. Madoff is, frankly, a loser. His impression of himself got ahead of his actual talents. His clients' money went to more talented traders.

I think Madoff should get the guillotine; he's a crook of epic proportions. In the end, however, his clients were super-rich people too lazy to even send a competent auditor to see where their money was.

If I gave $50 million or a billion bucks to some a-hole, I'd proble spend a few grand for a CPA to peruse the books. Caveat emptor mofos. Don't cry me a river now because you got fleeced.

Maybe his cell phone will blow up massad style.

I thought he could always flee to Israel, but if malin (#5) is righ, Madoff has no place to hide. Iran maybe? He screwed a lot of Jews & thn only make mullahs smile.

His family has a lot of that money. Sr. is taking a fall so his wife & sons will try to keep their stash.

@#6, I can totally understand where you're coming from. So many undeserving victims of this cruel scheme. And yet the best reason to keep him alive is to learn as much as we can about what happened. We have to know and I doubt he'll tell the truth but it's possible. This can't ever happen again: all those people who lived in one world one day and in a different world the next. They have to know.

Why is this man not in jail? Bond?? Give me a break - he admitted to doing it!