Bernard L. Madoff Arrested

The Zionist, and  Nasdaq stock market chairman, was arrested on a  $50 billion securities fraud charge Thursday. He was released on $10 million bail secured by his signature and that of his wife. 

Madoff, 70, the founder of Bernard L. Madoff Investment Securities LLC, maintained a separate and secretive investment-advising business that served between 11 and 25 clients and had a total of about $17.1 billion in assets under management, prosecutors said.

Andrew M. Calamari, associate director of enforcement in the SEC's New York office, said the SEC was alleging "a stunning fraud that appears to be of epic proportions."

A criminal complaint charged that the investment adviser business was a fraud and lost at least $50 billion.The employees understood Madoff's admission to mean that "he had for years been paying returns to certain investors out of the principal received from other, different, investors," said the complaint, which did not identify the investors impacted by the scheme.

Defense lawyer Dan Horwitz called Madoff "a person of integrity" and said he intends to fight the charge. 6

 

 

 

 

 

Madolff Just Made Bad Investments

When the FBI cuffed Madoff he claimed that he just made bad investments for his clients. 

"Madoff stated, he had personally traded and lost money for institutional clients, and that it was all his fault,"
 
   

 

 

 

 

 

It Was A Zio-Ponzi Scheme

Abe Madoff, and Bennie Shine, and a few others just cooked the books. They took $50 billion, sent if offshore, collected 12%, and paid the investors 16%. After a few yrs people flocked to them, and never even bothered taking the interest, because these boys were golden.

 
 

 

 

 

 

 

 

How Does It Work?

Abe starts a fund, and the initial investors are his pals. They report making 20% for a few years and the goyim start to flock in. Naturally there is a clause that there is a three year redemption clause on the principal, but they could get their interest. So Abe gets 10% in T-bill interest and gives the 'Mark' 15% (Abe now has 95% of the principal).  Abe will pay off a few low investment Goyim, and the word on the street is it's a solid fund.

The second group of investors are reassured and never touch the principal or interest. It's 15 years later and he claims when the stock market collapsed, and that's the reason his Hedge fund tanked.  

   

 

 

 

 

 

A Fellow Bloods-Man Will Be The Judge

Abe will get a Zionist judge and the case will take years, and the gold coins will never be seen again.

 
 
 

 

 

 

 

Will Abe Madoff Serve Time?

If things look dicey, he will be on a jet to Tel Aviv in a New York minute.
   

 

 

 

 

 

All Jewish Investors

In a total panic the Zionists now claim they were the only victims. The fool in charge of the FDIC has authorized billions to be paid to these Jewish investors despite no paperwork. 6
   

 

 

 

 

 

Judge Gabriel W. Gorenstein

 Judge Gabriel W. Gorenstein relaxed the the bail package. Madoff had to sign over his Upper East Side apartment and his homes in Palm Beach and the Hamptons, naturally they had 90% mortgages.

 
 

 

 

 

 

 

 

  

U.S. Attorney General Michael Mukasey

This Zionist removed himself from the probe because he, and his son, Marc Mukasey, were involved with Matoff.

   

 

 

 

 

The Money Is $100 Billion And It's In Israel

Madoff hide the money in Switzerland, but the IRS was closing in so he transferred it to Israel. He, and a number of his partners, had judgement claims from past frauds.  Most money was made subprime mortgages to unqualified borrowers and then tranching the mortgages into CDOs and circulating the CDOs among US pension funds including GM, GE, IBM and Califorina's State pension fund. Some of the wealth was also gotten through investments in Vegas housing sub divisions and Miami condo projects at the height of the real estate bubble.

With the money in Israel, they guarantee repaying Jewish Charities.

Finally, sources say that the wealth from Madeoff's has been fully transfered to Israel and that "most if not all of the clients have been made aware" that their money is available to them in Israel and that it was felt that this was a necessary measure in protecting certain high level clients in the face of a collapse of the USA.

 

 Sources say that Madeoff has a base in Israel and that he will offer all clients his services there as a continuem to his services in New York.

Speculation has it that he is advising transfer of client's funds into physical gold holdings in coded safety deposit boxes. This advice jives with the notion that the money needed to be taken out of the US on fear of collapsing US dollar and seizure of funds by IRS and courts for frauds committed during the sub prime bubble.

Madeoff's clients are not just in the US. He has moved funds to Israel for clients in Russia, France, England and Swiss in the scheme in which he is involved.

Some insiders are saying the amount involved may be closer to $100 Billion.  7

   

 

 

 

 

 

 

The SIPC Has A $3.6 Billion Bailout Fund

Reserves are available to satisfy the remaining claims of each customer up to a maximum of $500,000.

Ms. Wang indicated to us that the SIPC has a budget of just $1.6 billion and a few credit lines worth $2 billion total. While SIPC is a non-profit organization, they have indicated to us that they will try to make as many people as whole as possible. They claim to be free from any conflicts of interest, even if the amount needed would eclipse their budget. When asked if the Madoff claims came in at $5 billion what would be done, Ms. Wang indicated to us that they could look to Congress for the money. 6