Worst Ponzi Scheme
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A Most Terrible Fraud of Cataclysmic Proportions
Thousands of the Very Rich May be Destitute after being
victimized in the Greatest Fraud ever perpetrated in corporate
history – losses May Exceed 50 Billion Dollars.
There is an extraordinary tragedy here… when you are very wealthy and lose everything to someone you trusted more than your own life, you may lose more than just your money…
For those who have accumulated a lifetime’s fortune, grown use to the security it affords, only to have it criminally torn away and lost forever leaving one virtually penniless, it may end up being the loss of all will to continue.
It is one thing to be poor and become poorer, it is another thing to be wealthy and become destitute. They are both equally horrific.
Mr. Madoff’s actions defy comprehension. Perhaps he thought he could perpetrate this diabolical scheme forever, that the stock market would rebound, that he could recover his clients’ funds without his activities ever being brought to light.
For whatever reasons, the question is this dear Reader:
Is Mr. Madoff a thief, or a murderer?
STORY:
Bernie Madoff, pillar in the rarefied New York and Palm Beach gentrified financial world, has evidently admitted to having “blown” over 50 Billion Dollars of investors’ monies in the largest and most horrific Ponzi scheme ever perpetrated in written history.
As of December 2008, liquid assets of more than 17 Billion dollars in his management portfolio in January completely and mysteriously disappeared. Again, total losses could exceed 50 Billion Dollars.
Bernie Madoff seemed to have unassailable references and experience. He was the Chairman of Nasdaq from 1990 to 1993, was on the board of the National Association of Securities Dealers and the School of Business at Yeshua University, founder and owner of Bernard L. Madoff Investment Securities. He was very involved with numerous charity organizations.
A huge number of individuals, businesses, funds and organizations may have completely loss their collective wealth, leaving many of them virtually destitute.
Some individuals may only have a home to sell to live off the proceeds. Others may be penniless within a few months. Businesses will be bankrupt and fold, funds will dry up leaving investors high and dry with absolutely nothing, charities will shut down within days. Victims will number in the thousands.
It may take decades to unravel the details, locate any of the missing monies and securities which may have been spirited away by Mr. Madoff in preparation for his cataclysmic fall.
It has been said that he may distributed 300 to 400 million dollars to various employees and family members before revealing his criminal activities to his two sons.
This may be more than financial theft – this may end us being a case of causing inconsolable heartbreak and devastation, and thus, ultimately, the untimely death of some of his victims… you decide…
“Please allow me to introduce myself
Im a man of wealth and taste
Ive been around for a long, long year
Stole many a man’s soul and faith …
… But whats puzzling you
Is the nature of my game …
… Just as every cop is a criminal
And all the sinners saints
As heads is tails
Just call me lucifer
cause I’m in need of some restraint …
… So if you meet me
Have some courtesy
Have some sympathy, and some taste
Use all your well-learned politesse
Or I’ll lay your soul to waste, um yeah …
… Pleased to meet you
Hope you guessed my name, um yeah
But whats puzzling you
Is the nature of my game, um mean it, get down …”
— From “Sympathy for the Devil” by The Rolling Stones
