Hopefully, some people will remember that the saying that if it looks too good to be true it probably is. Certainly, the people who were duped by Bernie Madoff made several mistakes and one of them was that it was too good to be true. How could Bernie Madoff be making those returns when no one else was? Another rule, do not put all your eggs in one basket. Always diversify where you keep your holdings.
Bernie Madoff who received a 150 year term which he obviously never serve out is on his way to a much different life style. When he arrives at his detention facility he will be issued a tiny bar of soap, a tooth brush, a comb and a razor.
"This bar of soap is like the size of a matchbook," said Larry Levine, the founder of Wall Street Prison Consultants, who spent 10 years in federal prison. (No that's an interesting concept- Levine is catering to people from Wall Street who face prison. )What kind of consulting does he do for these people? There are obviously enough persons in this situation that Levine has clientele who will keep him employed.
Madoff's wife feels betrayed by her husband. Ruth stated:"From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts,-first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for over 50 years was over.
"My husband was the one we (and I include myself) respected and trusted with our lives and our livelihoods ... who was respected in the securities industry as well. Then there is the other man who stunned us all with his confession and is responsible for this terrible situation.
A touching statement but she worked in Madooff's office for many years. How could she not know what was going on? http://www.canada.com/business/fp/Questions+linger+about+Ruth+Madoff+role+scheme/1744655/story.html
My goodness, these are interesting times!
Bernie Madoff who received a 150 year term which he obviously never serve out is on his way to a much different life style. When he arrives at his detention facility he will be issued a tiny bar of soap, a tooth brush, a comb and a razor.
"This bar of soap is like the size of a matchbook," said Larry Levine, the founder of Wall Street Prison Consultants, who spent 10 years in federal prison. (No that's an interesting concept- Levine is catering to people from Wall Street who face prison. )What kind of consulting does he do for these people? There are obviously enough persons in this situation that Levine has clientele who will keep him employed.
Madoff's wife feels betrayed by her husband. Ruth stated:"From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts,-first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for over 50 years was over.
"My husband was the one we (and I include myself) respected and trusted with our lives and our livelihoods ... who was respected in the securities industry as well. Then there is the other man who stunned us all with his confession and is responsible for this terrible situation.
A touching statement but she worked in Madooff's office for many years. How could she not know what was going on? http://www.canada.com/business/fp/Questions+linger+about+Ruth+Madoff+role+scheme/1744655/story.html
My goodness, these are interesting times!