JJ Gold,did you know or have anything to do with your peep's Madoff's ponzi scheme?

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  • BrentCrude
    SBR MVP
    • 11-16-05
    • 4665

    #1
    JJ Gold,did you know or have anything to do with your peep's Madoff's ponzi scheme?
    Anybody following the Madoff ponzi scheme?My sister lives right next to a historically Jewish country club called Hillcrest in the twin cities and he showed up there ripping off the patrons not long ago.Funny no one here mentioned this?JJ seems to be in the inner circle on these matters.

    How the hell does this stuff go on with no checks and balances?He was inlaws with the SEC regulators even.The whole friggin system is completely rigged.Now you have people with famous last names ''Kennedy''being appointed as senators where she gets part of the 7 cents a bottle foreign wiskey dividend her mafiated grandpa got for the family.What a witch that is the devils advocate that the Catholic church welcomes with open arms and the media calls a princess. She goes to lunch with friggin racist Al Sharpton.Who's supposed to be more ashamed of who they had lunch with on that one?Hell,as bad as David Duke is,he's better than those two and if you had lunch with him,you would be blackballed for life.

    Is anything on the level here anymore and is anything or anyone worth fighting for?
  • Boner_18
    SBR Hall of Famer
    • 08-24-08
    • 8301

    #2
    I have been following it closely as it has effected my life directly.

    The SEC needs to take some blame but given their limited pro-active powers, limited man power and limited resources they cannot be held to be the sole party responsible. Investors must be diligent and should share the blame. We are talking about people who can afford to exercise due diligence when throwing their money around and when their adequate checks fail further questions should be asked. However, I don't believe this is a situation where "adequate" check were made.
    Comment
    • wtf
      SBR Posting Legend
      • 08-22-08
      • 12983

      #3
      i have been following the story closely.

      the shocking twist is the government is going to be on the hook in the neighborhood of 17b if the irs classifies as theft. i hope they dont but i smell a conspiracy, just like protecting his ass all this time.

      sec was tipped off in '99 on this one. they suck royal donkey dick. look at the names of the players from both sides, see any common demoninator? i do, or you can pretend you dont.
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388179

        #4
        I want to know where all the money is

        THis is going to get very deep, tons of people had to make huge money off this.
        Comment
        • wtf
          SBR Posting Legend
          • 08-22-08
          • 12983

          #5
          where all the money is?

          very simple.

          he sucked at investing, so lost money on shares and options from the outset. easier for him to bluff his way into investors funds.

          decided easier to take new money and pay out to previous investors as dividends. thus pulling in more suckers.

          he made some token investments for show.

          the hilarious part is was head of the watchdog community, proves it is not what you know, its who you blow.

          they did not even check this piece of garbage out at all.
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