The SEC's complaint, filed in federal court in Manhattan, alleges that Madoff yesterday informed two senior employees that his investment advisory business was a fraud. Madoff told these employees that he was "finished," that he had "absolutely nothing," that "it's all just one big lie," and that it was "basically, a giant Ponzi scheme." The senior employees understood him to be saying that he had for years been paying returns to certain investors out of the principal received from other, different investors. Madoff admitted in this conversation that the firm was insolvent and had been for years, and that he estimated the losses from this fraud were at least $50 billion. According to regulatory filings, the Madoff firm had more than $17 billion in assets under management as of the beginning of 2008. It appears that virtually all assets of the advisory business are missing.
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www.BackgroundNow.com was launched in August 2003 and provides a complete range background checks, custom research, related blogs and publishing of high-profile federal case files to customers. BackgroundNow.com serves hundreds of companies throughout the USA. Call Lee Hill directly, 1 (713) 784-3232 x3142, to discuss any of these services. And go to Amazon.com for "BackgroundNow.com Staff" publications.
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Extremely thorough background checks, very inexpensive.
www.BackgroundNow.com was launched in 2003 by Lee Hill and provides background checks, blogs court case files and publishes case files as soft cover books available at Amazon.com. To request background checks, case files in PDF format or soft cover book, call Lee directly, 1 (281) 506-2132 or office, 1 (713) 784-3232, x3. And go to Amazon.com for BackgroundNow.com Staff Publications.
Background Checks
Extremely thorough background checks, very inexpensive.
www.BackgroundNow.com was launched in 2003 by Lee Hill and provides background checks, blogs court case files and publishes case files as soft cover books available at Amazon.com. To request background checks, case files in PDF format or soft cover book, call Lee directly, 1 (281) 506-2132 or office, 1 (713) 784-3232, x3. And go to Amazon.com for BackgroundNow.com Staff Publications.
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Most Helpful Customer Reviews
1 of 3 people found the following review helpful:
1.0 out of 5 stars
Pay $50 for something publicly available?,
This review is from: Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme: Complaint Filed In Federal Court And Application For Emergency Relief (Paperback)
How very appropriate -- to try to sell for $50 some public Madoff documents that are easily available online. Well, at least the rip-off is only $50, not $50 billion.
1 of 4 people found the following review helpful:
1.0 out of 5 stars
It's public record, don't pay for it.,
By GangstaLawya (TimBuckToo) - See all my reviews
This review is from: Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme: Complaint Filed In Federal Court And Application For Emergency Relief (Paperback)
Why is there so much hatred of Bernard L. Madoff? What about the other folks? We're told it was a classic Ponzi scheme - robbing peter to pay paul? I think some of the investors are to be blamed for being greedy and tossing every nickel and dime in the hopes of obtaining a windfall. And what do charities have to do with making a profit? It certainly casts the motive behind these charities in a questionable light. I think the investors created Madoff's fiasco, not the other way around. I think anyone who invested in these charities should question the judgment of the executors of these charities: it may be proven that there was a breach of fiduciary obligation, the highest standard of care at common law. Instead of just investigating Madoff, let's investigate the investors.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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investment advisory business, investment adviser services, two senior employees, expedited discovery, asset freeze, antifraud provisions, certain investors, proprietary trading Key Phrases - Capitalized Phrases (CAPs): (learn more)
Senior Employees, New York, Madoff Investment Securities, Securities Act, Advisers Act, Exchange Act, World Financial Center, Final Judgments, Violations of Section, Federal Bureau of Investigation, Manor Nursing Centers, Theodore Cacioppi Browse Sample Pages:
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investment advisory business, investment adviser services, two senior employees, expedited discovery, asset freeze, antifraud provisions, certain investors, proprietary trading Key Phrases - Capitalized Phrases (CAPs): (learn more)
Senior Employees, New York, Madoff Investment Securities, Securities Act, Advisers Act, Exchange Act, World Financial Center, Final Judgments, Violations of Section, Federal Bureau of Investigation, Manor Nursing Centers, Theodore Cacioppi Browse Sample Pages:
Front Cover | First Pages | Back Cover | Surprise Me!
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