Gothamist: Big Madoff Investor Commits Suicide in Office

r1b2

Thu, 25 Dec 2008 22:47:12 -0500

When trust is gone, we have nothing. The market today is operating with no connection to fundamentals. All we had was trust, and Madoff killed that.

Nyctini11

Wed, 24 Dec 2008 10:56:26 -0500

I'm sure will Bloomberg will make sure Bush throws in a last minute pardon to this guy.

JenChungsBra

Wed, 24 Dec 2008 09:41:55 -0500

He's better than Madoff only in that he didn't knowingly commit a criminal act. But he was a fraud, taking people's money for work he didn't do. I do agree though that he does deserve seppuku points. And fuck you Snoopy. Find any honorable person who works in the financial industry. Did you happen to catch the last names of the CEOs of Merrill Lynch, Lehman Brothers and Bear Stearns?

Jerky

Wed, 24 Dec 2008 04:47:28 -0500

I guess when the fund manager slits his wrists, its a pretty good sign investors aren't going to be getting anything back....

Steven

Wed, 24 Dec 2008 01:11:18 -0500

Smart way to do things. Just give all your money to one person and into one investment.

JacqueMehoff

Wed, 24 Dec 2008 00:52:26 -0500

I agree, why is suicide looked down upon in this society? (or assisted suicide) as lois in yesterday's repeat of family guy said who knew he had such demons? demons, I say.

Snoopy

Wed, 24 Dec 2008 00:41:26 -0500

An honorable Jew who works in the financial industry? Isn't that an oxymoron?

angry_pickle

Wed, 24 Dec 2008 00:00:39 -0500

This guy wasn't a whole lot better than Madoff himself. He is 100x better than Madoff. He took his client's money; he lost all their money; his suicide was to pay for his failure. Meanwhile Madoff is sipping coffee, talking to his rabbi, celebrating Hannakah and waiting to go to court so he can get his 5 years sentence in white-collar jail and $1 million fine which he will be able to pay off from his Swiss bank account. So you tell me, who is more honorable.

NannyState

Tue, 23 Dec 2008 23:57:23 -0500

^ Unfortunately, it's a job emptying wastebaskets.

Snoopy

Tue, 23 Dec 2008 22:27:54 -0500

Nanny, look at it this way. Due to this individual's choice, a job opening was created. And I'm sure you know how hard it is to find a high paying job in the financial industry is today.

NannyState

Tue, 23 Dec 2008 22:16:21 -0500

Boy, that was one draining day at the office.

gimme

Tue, 23 Dec 2008 22:08:31 -0500

frenchies, learn to grow some balls, damn, pathetic

mtauser

Tue, 23 Dec 2008 19:25:55 -0500

The suicidal guy was a hedge fund who handled assets on behalf of the Rothschilds and UBS from what I heard.

Snoopy

Tue, 23 Dec 2008 18:57:05 -0500

I still don't get it. I give someone money to invest and then he gives money to someone to invest and then he gives that same money to invest and then the whole thing falls apart and no one is to blame? And at the end they all get Christmas bonuses? HUH?

Amanda Harlech

Tue, 23 Dec 2008 18:45:08 -0500

the bankers are taking a huge hit out of their own arrogance. It is a man's world after all, and men do what they have to do...fraud and suicide included.

thelexiphane

Tue, 23 Dec 2008 18:38:39 -0500

Brokers from windows. We're actually seeing it happen in real time.

areacode212

Tue, 23 Dec 2008 17:49:46 -0500

DAMMIT! I really need to watch these last two seasons of The Shield before I read any more spoilers.

kinglearsjester

Tue, 23 Dec 2008 17:04:39 -0500

Too bad it wasn't Henry or Ben. and if he walks into Pastis, I'm sure the staff would still treat Madoff like a king.

Snoopy

Tue, 23 Dec 2008 16:41:51 -0500

Point well taken Lautaro, Now can we proceed with the hangings? The French guy was a good beginning. What we need to see is that other schmucks take that lead and build on it. Let them not lose the momentum.

Lautaro

Tue, 23 Dec 2008 16:19:29 -0500

From my scant understanding of this debacle, the 'duping' took place on 2 levels. It can't really be said that companies, charities, universities, etc. were duped by Madoff himself. These institutions gave their money to investers- I'm not sure if these are what are called hedge-fund investors- and these individuals were supposed to take that money and spread it around among various investments, thereby reducing their financial risk. But it's these investors who made a big mistake, because it seems that they saw the kind of returns Madoff 'said' were coming in, and thus thought they could provide the biggest return to their clients by sinking all their money with Madoff.

Rocknrope

Tue, 23 Dec 2008 16:01:37 -0500

This was inevitable, and I gather there will be more to come... "When you've had money and lost it, it can be much worse than never having had it at all."

JacqueMehoff

Tue, 23 Dec 2008 15:41:01 -0500

don't know bout cheap but Pb is still available for all. even the rich who needs it the most I can't fathom it, this guy's firm lost close to $1.5 billion from this fraud.

Snoopy

Tue, 23 Dec 2008 15:35:39 -0500

I said it before, I'll say it again. Madoff should be sent off to Feral prison, yes I spelled it correctly, I never meant it to be Federal. That way he will be subjected every day of his life, what's remaining of it, to pain, 24/7 365 pain. If he wants to play golf fine, except the club is going to be used in an NYPD fashion.

burgerdeluxe

Tue, 23 Dec 2008 15:32:33 -0500

JacqueMehoff, is Pb still cheap? I wonder if Bernie will join Key Lay wherever he's hiding.

JacqueMehoff

Tue, 23 Dec 2008 15:17:44 -0500

I hope Superman has enough guns to start giving away.

Splicer

Tue, 23 Dec 2008 15:14:06 -0500

There was an issue of Action Comics from probably around 1940 or 41 that had as its storyline, a rich industrialist that was profiting by selling to the enemy. In the end, Superman confronts him in his office and gives him a gun, telling him, "You know what to do". As he flies off, the sound effect "Bang" is seen in the frame. Not saying anything else about Madoff.

felixthecat

Tue, 23 Dec 2008 15:10:25 -0500

put madoff and his sons in jail and they will talk. otherwise I hope one of their duped investors kidnaps them and makes them talk

HowBoutDemCowboys

Tue, 23 Dec 2008 15:07:25 -0500

It's a shame that he's only received threats...

Papercutninja

Tue, 23 Dec 2008 15:03:00 -0500

And yet, Madoff will get nothing more than a couple of months at a white-collar prison. He and others like him have ruined countless lives and he'll get to walk free in a few years.

Wza

Tue, 23 Dec 2008 15:01:21 -0500

Puss

Pull My Finger

Tue, 23 Dec 2008 14:59:15 -0500

Look at that shit eatting smirk on his face.

JacqueMehoff

Tue, 23 Dec 2008 14:56:43 -0500

too bad none of them left any note of the evils they've done. like shane vendrell.

chuzzlewit

Tue, 23 Dec 2008 14:49:43 -0500

what an amazing human! his star's trajectory seems infinite and his sparkle gets more pronounced and delightful each moment! NOT!

JenChungsBra

Tue, 23 Dec 2008 14:49:31 -0500

Nice gig if you can get it -- take other people's money to "invest," skim a little off the top every year for yourself, and then hand the rest off to someone else. This guy wasn't a whole lot better than Madoff himself.

Armchair_warrior

Tue, 23 Dec 2008 14:44:53 -0500

too bad politicians and ceo's who stole billions in bailout money from tax payers aren't doing the honorable thing like this guy did.

CR

Tue, 23 Dec 2008 14:43:20 -0500

de la Villehuchet was the little guy on Fantasy Island right? Here are week folks...

CR

Tue, 23 Dec 2008 14:41:41 -0500

Funny, Rene-Thierry Magon de la Villehuchet doesn't *sound* like a Jewish name...

edEx

Tue, 23 Dec 2008 14:38:36 -0500

Bernard Madoff should be charged as an accessory to murder.