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24 Mar 2009 10:34

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Biz, U.S.: Bankers falling off the wagon in high numbers, rehab clinics say

  • We absolutely do see more people coming in naming either a job loss or huge financial reversals or big investments with Bernie Madoff.
  • Sigurd Ackerman • The medical director at New Canaan, Connecticut’s Silver Hill Hospital rehabilitation facility, on the high number of former bankers coming in with alcoholism problems. Many (well, former) bankers live in New Canaan. • source
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2009 19:53

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Biz: Bernie Madoff is worth a lot of money, but not enough

  • $823 million Madoff’s approximate net worth, according to court papers source
Posted by Ernie Smith • 0 Comments • Permalink

13 Mar 2009 13:53

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Biz, U.S.: Weekend at Bernie’s: How bad is Madoff’s cell, anyway?

Let’s put it this way. The culture shock is really, really high. And few will give him any remorse. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Mar 2009 13:45

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Biz, U.S.: This probably isn’t going to work, Bernie Madoff’s lawyer

  • Can we put Bernie back in his penthouse? Ira Sorkin, Bernard Madoff’s lawyer, is appealing the decision to put his client, who pled guilty yesterday to charges related to his ponzi scheme, back under house arrest. The Manhattan jail cell he was put in is a far cry from the penthouse he once lived, as you might guess. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:12

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Biz, U.S.: When is Bernie Madoff going to jail?

  • NOW. bond revoked, biznitch. See ya! :) source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:07

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Biz, U.S.: Bernie Madoff: A man compelled to have killer returns. (Huh?)

  • While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
  • Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 10:37

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Biz, U.S.: Ponzi schemer Bernie Madoff finally pleaded guilty

  • 11 number of counts Bernard Madoff pleaded guilty to this morning source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 Mar 2009 21:33

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Biz: What was Bernie Madoff trying to do when he stole all that money?

  • There’s a good question to ask. Dude stole $50 billion in a fraudulent ponzi scheme and apparently hired people to make fake accounting documents for some stupid reason. As Madoff faces up to 150 years in jail on 11 federal charges, which he’ll likely plead guilty to on Thursday, his investors hope that the guy finally explains what his motive was. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Mar 2009 12:38

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Biz: Ruth Madoff has a buttload of money separate from Bernard’s. Really?

  • $45 million amount Ruth has in bonds, which are “unrelated” to her husband’s massive alleged Ponzi scheme. Oh boy. source
Posted by Ernie Smith • 2 Comments • Permalink

28 Feb 2009 10:21

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Biz: Elie Wiesel: Not a big Bernard Madoff fan

  • ‘Sociopath,’ ‘psychopath,’ it means there is a sickness, a pathology. This man knew what he was doing. I would simply call him thief, scoundrel, criminal.
  • Elie Wiesel • Talking about Bernard Madoff, who made off with $15 million from Wiesel’s charity organization as part of the $50 billion he stole from investors. Wiesel, a Holocaust survivor and Nobel Prize-winning writer, says Madoff should be held in solitary confinement with pictures of his victims constantly showing on a screen. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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