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By: Brendon Bruce

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Tuesday, 30-Jul-2013 08:51 Email | Share | Bookmark
Madoff 150 Year Sentence Poses Questions

The Securities and Exchange Commission investigated Madoff's business dealings on a few occasions, but always came up empty handed. The next sign is that the broker or advisor makes extraordinary or unusual claims about the "investment. The technique was not new, but it was the first time that it took such a scale and became big news. People want to believe in fairy tales;stories. The first and biggest sign of a scam is that a broker or financial advisor tries to steer you away from regular or traditional investments. Apparently, during questioning, DiPascali claimed that he modified investment statements for some clients to reflect losses to reduced their tax blow. And it also indirectly confirmed the probable veracity of the incredible returns he could provide.There was no sense of remorse on Madoff's part, as he stripped many of their life savings, leaving a trail of betrayal and shattered lives. Question Number Three: Certainly not money backed by Gold Bars! If I were to tell you I am a well-known and respectable hedge fund manager, and I am achieving exceptional results by using autistic mathematical geniuses to chart the market, would you believe it possible?After puffing itself with billions of troubled assets that couldn't easily be sold, Lehman camouflaged its debt and financial condition by using the accounting gimmick, the examiner appointed by the bankruptcy court revealed in a 2,200-page report on a yearlong investigation. Securities America and its former parent Ameriprise settled a lawsuit for $80 million filed over allegations that Securities America brokers had invested retirees' People should know better, shouldn't they?Marc Dreier Family\nwhat do you think


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