Former Nasdaq Chairman and Nice Guy Bernard “Bernie” Madoff has been Charged with Securities Fraud by the SEC – Securities & Exchange Commission for Running a Ponzi Scheme.
The Confidence Man Madoff Convinced Clients to Invest $17 Billion with Him – Leveraged it to $50 Billion – and somehow was able to Blow it All. The Devil doesn’t come Dressed All in Red with Horns – Nice Guys like Bernie Madoff are Crooks too. Madoff MADE OFF with Billions.
This is Bigger than Ivan Boesky – Potentially Bigger than Enron ! Some very big investor names are involved in this. Some investors in Madoff’s funds face 100% write-downs on the money they invested. Some of the world’s biggest Hedge Funds have been Hit like a Hammer by this. Every single investor in Fairfield Sentry may have had their investment wiped out by the Madoff Scheme.
Several Wealthy Investors and High Net Worth Individuals could be facing Big Losses thanks to the Actions of One Greedy Man. Anything is Possible in this Market and the Size of Bailouts are Limitless. I’m Expecting Mondays Markets to Be Down Big. This is the Last Thing Wall St & The Stock Market Needed – Yet Another Terrific Scandal.