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19 Jun 2009 09:33

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Biz, U.S.: Everybody’s favorite ponzi schemer, R. Allen Stanford, in custody

  • He surrendered to FBI agents while hanging at hs gf’s place. Stanford, who’s on the hook for $8 billion in freaking fraud, was arrested last night in the case. According to his attorney, Dick DeGuerin, here’s how it went down: “Federal agents in black SUVs surrounded his girlfriend’s house this afternoon, and just sat there. I told him to walk out and introduce himself. So he did, and he asked them, ‘If you’ve got a warrant, take me into custody. If you don’t, I’m going to Houston.’ And they did, so they arrested him.” He’ll be in court today. source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2009 21:40

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Biz: Bernard Madoff cleared out his bank accounts before his arrest

  • $12 billion mysteriously disappeared from his accounts in 2008
  • $6
    billion     said sayonara in the three months prior to his arrest source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2009 21:22

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Biz, Sports: One lucky Mets fan and Bernard Madoff hater got his eBay wish

  • $1040 the face value of two tickets for tomorrow’s season opener owned by jailed bad guy Bernard Madoff
  • $7,500 amount the tickets sold for on eBay; their value doubled in the final two hours of the auction 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

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

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.
  • $17 million amount Ruth has in cash. We imagine it’s probably organized in rolls of pennies in her lavish Manhattan apartment. 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

27 Feb 2009 15:42

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Biz: Reenactment of what happened to Stanford’s funds: *poof*

  • $8
    billion     amount R. Allen Stanford’s company sold in certificates of deposit over the years.
  • $90 million amount federal investigators have found so far. He lost the rest while playing cricket. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Feb 2009 21:13

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U.S.: R. Allen Stanford: He could run, couldn’t hide

  • Where they found him FBI agents found the Texas-residing Stanford hiding out in Virginia, evading authorities trying to serve him with civil suit papers. He vanished Tuesday and somehow made it to Fredricksburg, because every alleged Ponzi schemer with a mustache goes there. Clearly. It’s the place to be.
  • He’s kinda like Waldo When found, we imagine Stanford was wearing a striped red shirt, glasses and a wool cap, trying to hide from authorities with his billions of dollars and tarnished reputation. He hasn’t been charged with any crime, but neither was Waldo, and everyone was looking for him, too! source
Posted by Ernie Smith • 0 Comments • Permalink
 
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