Bernie Madoff : Scamming of America - The $50 Billion Ponzi Scheme

Forbes:"If indeed, $50 billion was lost, as apparently Madoff claims, it is the largest such fraud in history, and one that might even shame the conman whose name is attached to this brand of deception. In 1920, Charles Ponzi, an Italian immigrant, began advertising that he could make a 50% return for investors in only 45 days. Incredibly, Ponzi began taking in money from all over New England and New Jersey. By July of 1920, he was making millions as people mortgaged their homes and invested their life savings. As with all frauds, he was discovered to have a jail record and was indicted on 86 counts of fraud. Some tens of millions of dollars were invested with him."
In the streamlined (if somewhat simplified) opening of Ripped Off: Madoff and the Scamming of America, it is noted that "he puts a face on what we've all been feeling." It's a succinct and accurate characterization of the man who ran an elaborate, decades-long Ponzi scheme, bilking countless private investors and charities out of an estimated $65 billion dollars. The disclosure of his fraud, in the midst of the worst economic landscape since the Great Depression, grafted the face of a real-life villain onto the greed and excess of the Bush years--it's hard to personify (or even understand) a credit default swap or a NINA loan, but this was a guy that we could point at and say, "Him! Get him!"
The History Channel's short documentary examination of the Madoff scandal utilizes interviews with journalists, historians, and victims, in addition to some excellent archival footage (particularly those chilling tapes of Madoff holding court in the late 1990s as a wise elder statesman of the financial world). The special contains some valuable biographical information, not only of Madoff's humble beginnings as a Queens-born stock broker, but of Carlo Ponzi (the namesake of the Ponzi scheme) and other con artists who operated in Madoff's style, though perhaps not to his excess.
There's plenty of solid information to be found here--how the lure of the Madoff investment was its exclusivity (he didn't let just anyone throw away their money with him) and it's slow steady performance (one victim notes, quite convincingly, "this was not a get-rich-quick scheme"); the tale of Harry Markopolis, the financial analyst who attempted, for the better part of a decade, to alert the SEC that Madoff was a crook; and the tragic story of Rene-Thierry Magon de la Villehuchet, the hedge fund operator who responded to the news that his fund's $1.4 billion investment with Madoff wasn't worth the paper it was printed on by slashing his wrists in his Manhattan office.
The documentary moves a breakneck pace, a flurry of images and definitions and images and soundbites, though for all of the information it contains, it occasionally sacrifices nuance for the sake of a quick pulse. The misfortune of Ripped Off is that it follows Frontline's superior examination of the scandal, The Madoff Affair, into the marketplace; that program was simply stronger, with better access to more people on the inside and a more in-depth analysis of the Madoff story. Taken on its own terms, however, Ripped Off is a solid, if less than spectacular, television documentary program.

[@caldynphillip]

With a name like "made off" , he madoff with every one's money.

[@goldboyjr]

+Praise and Worship \ LOL good one m8 gr8 I'll r8 it 8/8 without a debate

[@detroitmetro101]

+Praise and Worship the only reason why this case got so much attention is because he scammed some of the rich and famous, which is why he went to jail...what about the others who scammed the country...

[@jaimeeclair8999]

+Praise and Worship Hahahahaha. That was good.

[@johnmalcstan]

+detroitmetro101 You are right there, trouble is, many of the rich that invested millions, also received millions, but claim their original investment as a loss.

[@luzfigueroa1550]

Lol!!!! Was thinking the same thing!!!

[@jeffreyriley8742]

I think it's funny that this only became a national issue when the greedy fat cats got burned.

[@stevepoint64]

Jeffrey Riley I don't get how the companies didn't at some point ask themselves why is Madoff reporting he's buying our stock when he hadn't bought a dime??????

[@majhoool100]

Jeffrey Riley nothing funny

[@khunopie9159]

Not funny as in haha, more like funny as in peculiar

[@tellurye]

I think he meant funny as in odd, or bittersweet revenge for those assholes who were in on it (madoff isnt the only crook ). Certainly he is not laughing at the folks who were scammed swindled and lied too.

[@centrist9222]

Jeffrey Riley pretty much.

[@psychicopus]

the biggest scam is the Federal Reserve and the Treasury Department. They have been printing money for years without backing it with any asset. All this boom and burst and unrecoverable economy is caused by illogical and illicit currency creation to please the masses. WTF. America will hit an unimaginable amount of economic failure which will cause to the death of thousands or even hundreds of thousands of people. Not now but maybe in a decade or so, unless they correct it while they still have a chance.

[@americansisis493]

+psychicopus why all banker are jews

[@omegarussell4017]

Their bankers, lawyers, they own the media, and the music company's ,Hollywood, CA. and keep crying about what someone has done something bad to them.

[@abdullahk9606]

Omega Russell you forgot stolen land !!! hint hint

[@dennisn1672]

Never bought a single stock. That's amazing.

[@mesube22]

+dennis n I swear that blows my mind every time I've watch this. "at least once a week" I know, crazy.

[@JA2NJ]

+mesube22 he knows that a whole other scheme, might as well focus on his...

[@RolnOrangeClvrs]

+dennis n Facepalm/ was wondering what you were talking about until i saw the part.

[@texasray5237]

+dennis n I never bought a single share of stock either. Wonder why I'm not rich?

[@aldiggs19]

+Texas Ray Based on your answer I know why you're not rich. If you listened to the video he stole all this money for so long and evaded the SEC without even investing any of that money. Hence the statement dennis n made by saying he stole all this money without even investing one stock. That's why this is the biggest Ponzi-Scheme in history he just stole money from the elite and deposited into his personal accounts. To pull that off for so long you need to be a genius.

[@Larkinchance]

He fleeced wealthy people.. Where's the outrage when HSBC and Bank of America launder drug cartel money? more than once! Where's the outrage when banks write the laws that approve toxic loans and derivatives? Where's the outrage when they charge veterans unlawful mortgage fees? What they can't do, they pay legislators to pass bills that the banks have crafted. If it is still illegal, they do it anyway and if caught, pay a nominal fine. Before the decade is out, cash and coin will be replaced by debit cards and banks will receive a tiny % of both sides of every transaction from both parties of every transaction on the fucking planet..

[@GetToDaChoppa-k5r]

The Government is the biggest Ponzi of all!

[@texasray5237]

+no hassle It's not illegal when the government does it.

[@wizardballx14]

Remember....When the rich steal from the poor its Capitalism...but when the poor steal from the rich its theft.....Woe is this world.

[@pattic.5611]

+wizzy baller Time to stand up and speak out by presenting a united front with non violent protest(s), oceans of emails faxes, phone calls and signed petitions sent to your elected representative(s), without any form(s) of threat(s), intimidation(s) and/or offensive language usage. Get your point(s) of need(s)/neglect(s)/request(s) of correction(s) effectively communicated in various positive ways.

[@pattic.5611]

+Patti C. Do not just sit in a coffee shop, on a bar stool or around the kitchen/coffee table complaining about how the government doesn't care about the hardships which have befallen unto the everyday American or Canadian citizen(s); do something more positively effective, such as is described above. One person may not be heard but a group of 100, 200, 300, 500 or 1 000 persons united as one, will get the attention of the government in positive and effective ways to benefit the life(ves) of the individual American(s)/Canadian(s) in the ways expressed, in numerous voice(s) or amount(s) of various correspondence(s). Believe once again in the power of the people; a government for the people by the people. Stand up and speak out for the TRUE MEANING of DEMOCRACY and EQUALITY of ALL.

[@pattic.5611]

+no hassle Those who come first in this life will come last in the eternal life; such as the ones filled with a hunger for greed, who are self loving yet forsake all others, who do not extend a helpful hand to those who are in need of kindness, compassion, mercy and guidance needed to benefit each one's life. This applies to the government, rich, upper middle class and all churches.

[@zcrib3]

You can blame the country and everyone else but at the end of the day the investor made the choice to invest without looking into it too hard.

[@ibstah92]

zcribe People's greed often exceeds their intellect.

[@SonjaViolette]

NO: BOTH are dancing the horrible dance. Don't give the scammer a halo while spitting on the victim.

[@globalintenseresearch4675]

Exactly right, investing in Stockmarket it's a very personal Risk. Scheming goes with that Risk!

[@centrist9222]

zcribe exactly. Shitty decisions on their part.

[@ShinyStarOfDeath]

What Bernard Madoff did is nothing compared to Goldman Sach

[@nikunjmajithia1113]

then why the fuck is their company still in the internet is america this fucked up

[@lupemerrit]

Bernie made one mistake… he didn’t get into politics first… where greed is the only currency. Re GoldmanSachs… you notice they quickly switched from “investment bank to Commercial Bank… lol. So they could get under the taxpayer “save the banks” umbrella.

[@holddaroot8631]

The entire U.S. economy is a ponzi scheme.

[@mdj5775]

HoldDaRoot and a big fucking mall

[@smith077906]

He "Madoff" with the cash?

[@taffysaur]

Haha, I laughed at that idea while watching too. (Not at the situation, just at how perfect a thief name he had).

[@ThisHandleFeatureIsStupid]

lmfao! God DAMN I love puns! :D

[@smith077906]

Hey lol My name is Robin Banks. I don't have the balls to do what my name tells me to do,

[@westcoastnative2523]

Lol

[@Treebard]

420Kasper420 "I love puns" -- or as my Dad used to call them, "the lowest form of humor" -- but he made them all the time! :)

[@DIVISIONINCISION]

What is the difference between Madoff and the Wall Street investment firms? Madoff is an individual and had the ultimate accountability. Investment firms could always pass the back and absolve blame because there were so many people involved.

[@AlwaysHalloween000]

+DIVISIONINCISION absolutely

[@stevenking2980]

You obviously listen to too much tv and didn't take Econ 101. Clueless fuck.

[@lpr5269]

+DIVISIONINCISION Yeah, it's basically Organized Crime opposed to Individual Crime. You put one of the guys who works for the Corporation in jail and the organization continues committing more crimes.

[@lymarie1974]

greed is greed is greed, so sad. I jus don't understand. but then again I am a preschool teacher that doesn't really make any money. just enough to pay bills. and food what else is needed? what do I know?

[@aldiggs19]

Why all the negative comments about Bernie Madoff? This guy was a genius to pull this off! He stole for years and years and stole from the elite 1%. Everyone here should be praising this guy he stole from the people who stole from the 99%. Bernie is my hero, too bad those greedy 1% are getting most of their money back. All those 99% who bought homes through bank scams lost all their life savings but the government gave more money to the banks ( the 1%) and gave nothing to the 99% .

[@Sir_BoazMutatayi]

The more he stole from the 1% the more the 1% stole from 99% to get back what their lost.

[@aldiggs19]

Probably, which goes to show that they didn't really get hurt by the Madoff scam. It's the middle class that gets hurt the most. Why didn't the middle class get their money back from the real estate scam?

[@michaelkuykendall789]

There is a special place in hell for people like Bernie. Bernie is a piece of shit. And the SEC is useless. The SEC is government oversight at its worst.

[@derrickforeal]

Pure Diamond solid gold baller status chamber Mansion

[@derrickforeal]

Yes fuck the SEC

[@stuna91]

Oh it turned out to be a fraud? Wallstreet is run by scam artists. Remember the bailouts? Yeah thats the biggest con job of the centuary. Whats the difference between madoff and them? All the big firms went to the casino to gamble and when they financially lost they got the people to pay. Yeah that's a god damn ponzi scheme.

[@andylester4634]

Lol. Awesome.

[@MiamiPush2theLimit]

Agree 100%

[@ummagumma00]

This century is off to a good start: Worst terrorist attack 9/11, a bunch of school massacres, global financial meltdown & worst Ponzi Scheme ever........anyone want to move to Mars? I've got a boat!

[@blackoakk6431]

They might have beat you there and fucked it up .. Pick another spot

[@ummagumma00]

Yes....yes of course I see that now, thank you Great Oak. It is time for my backup plan: the ocean bottom.

[@blackoakk6431]

The Ocean Sounds good Hurry up before Donald Trump puts a tower down there.

[@ummagumma00]

Too late....

[@giveyou69]

Matthew Conti Youre an idiot a boat will never make to Mars. duh

[@TOC359]

If Madoff can pull this off (the high amount and for so long), one must wonder how many more of these ponzi schemes are out there just waiting to be exposed??

[@leblanccnabell2223]

The stock Market is a ponzi scheme..

[@TOC359]

Yes,.....Yes it is. It is completely MANAGED by the Plunge Protection Team AND The Exchange Stabilization Fund !!

[@mergingbutterfly]

please one man could not have done all that he had help

[@TOC359]

mergingbutterfly Whether he had help or not, he still did it. There are many people (who are now poor) that are really pissed off, regardless of how he did it.

[@janeDoe-ru2xy]

TOC359 No they are not look up the victim impact statements, so pathetic are their claims of poverty. One couple was stealing from his mothers accounts meaning he was also stealing from his siblings. Did he care? No. He felt entitled, claims Madoff stole over 3 million but actually he paid 2-300k and got back from the settlement 75% cause the rest had to go back into his mothers account from which he stole. Have no pity for their loss (most did not lose much) but for their idea they should have free money at middle classes expense by paying their tax deductions from all this "free" money they thought they'd get.

[@danielkelegian5306]

Bernie Madoff did not create the largest ponzi scheme in history. The largest ponzi scheme in history is the US Treasury Bond system.

[@PlasmaBurns]

What about the Trillions that vanished the day before 9/11? We were sold too big to fail, I suppose Too big to Prosecute is one of those unspoken truths.

[@FRANKTHRING1]

Ponzi schemes, hedge funds and all these money-making schemes operate on the basis that participators are all greedy to make quick and big returns. I am surprised that the greed of the investors is not mentioned once in the whole documentary. Of course Madoff was a wicked sociopath but every single person and institution he ripped off connected with him to make them tons of money. Their greed - and his - was the undoing of all.

[@HiMyNameIsJonathan]

william wright some investors put funds into madoff as their moderate or even conservative portions of their portfolio. So no, not all of his investors were greedy. A family with 15mm managed might of had 3mm with Bernie, 7mm self directed, and the rest at a institutional firm that manages private funds. He really did fuck over people that were hardworking people that were successful. You're way of thinking is of the welfare mindset.

[@LB-bh3hk]

No fuckface, any investor who expects that he/she can receive a return in the profit of an output generated off the back of hard work by the working people simply because they have a 'share' in the company is greedy. That is the epitome of laziness and privilege and strips the economy of all it's true value.

[@gordonquigg3756]

+Lachlan Byrne yes, very well stated!

[@SpaghettiKillah]

william wright So true. Most of his investors were people putting in a couple of million $ so they can live off the 10% yearly gain. They thought hey i'll put 4 mil bucks in it and i'll get 400k $ per year WITHOUT WORKING or lifting a fucking finger! I can live off of that!

[@moefar6300]

Are you seriously trying to tell me Bank of America didn't know he had 65 billion in his personal account? BULLSHIT, THEY ARE AS GUILTY AS MADOFF, on 65billion they could loan out $650,000,000,000 or $0.65 Trillion, and they didn't know this was fraud?

[@MoodyMcDougal]

Truly amazing that so many journalists are so "expert" on this situation, when Harry Markopolous couldn't even get the Wall Street Journal's best investigative reporter at the time to publish a fact-laden report. Doesn't it make you ask yourself just "high" this went? Who silenced that reporter at the Wall Street Journal? Who silenced Elliot Spitzer? Why did Elliot Spitzer not take action on the report that was handed him? Far too few heads have been chopped. Far too few have been investigated. Where does the corruption end?

[@scarletbegonias2359]

The rich being ripped off and I am supposed to feel bad for these people?

[@Vedioviswritingservice]

People paint Madoff as the Devil Incarnate, however if the market had not crashed, no one would have been the wiser, and he could have carried on indefinitely. Modern Banking particularly private central banking is not dissimilar to what Madoff did, except it is much more parasitical. Doesn't just bring down individual's but entire nations.

[@jmadero11]

IThinkWithMy Liver Yes its true

[@igspal]

J London He, like all the rest of the D E M O N I C SC#MBAGS OF THIS BANKING SYSTEM, W I L L (YOU CAN BE SURE) SUFFER BEYOND THEIR OWN VICTIMS, BEYOND THEIR OWN WILD IMAGINATIONS, once THIS life (this TEST) is over...

[@JadaKingdom971]

J London And that's where the problem is. The regulation services cannot even detect people like him when everytime is going well. Or, problably they refused to since everything was going well.

[@dkupke]

J London Madoff became the face of it all because of sheer timing. But he's still a scumbag who should have gone to the gallows instead of sitting in jail.

[@VISTASofALDEBARAN]

J London Two wrongs, or multiple wrongs don't make a right, or lesson what Madoff did.

[@Chance57]

they wanted to get richer? the greedy fucks wanted to be in the 1% but without the brains to be there. idiot fucks. lol. they deserved it.

[@TheVaughan5]

+Corey Kinard Agreed! Don't have any sympathy with them. Quote: "It's not the money" - oh yes it fucking well is!!

[@aldiggs19]

+Corey Kinard I agree with you 100% but they are getting most of their money back while the 99% suffer and lose their money from any type of scam.

[@tannerrobertson9658]

+Corey Kinard Exactly, 15 years old and doing investments myself. Already seeing returns over 200%. Best way to go about things is to simply do things yourself and at most get advice.

[@asifmetal666]

ha ha ha ha ha ha ha ha

[@scootergreen3]

Bernie Made-off with the goods

[@E.Humperdinck]

Now a guy's making-off with Madoff's anal virginity.

[@bugsy1028]

Most of these victims were just freaking greedy

[@bugsy1028]

10-15% return - constant is an unrealistic amount. They were just being greedy and did not heed the signs of fraud all they cared about is making money

[@notaclue143]

+The Black Bloggress ................... or such as Kickstarter - at least if yuour going to loose - which is 90% certain - something happens What those are really crying about is that they are so gullible

[@JustinLHopkins]

The anti-semetic comments are a bit much. These types of schemes have been going on for a vey long time and many of the masterminds aren't Jewish. Some of you are just using Madoff as a way to justify your ignorance. This isn't Nazi Germany.

[@TaelurAlexis]

I know. The comments were very unnecessary. I hate it

[@JA2NJ]

+TaelurAlexis stop acting like a bed wench

[@Sovereign_Citizen_LEO]

+Justin Hopkins - Wrong. It's not about Anti-Semitism. That is irrelevant and the term anti-Semitism means basically nothing. Most of the financial crime, war, and criminal wrong doing which has affected the entire world for the last 250 years, is the result of Zionist Jews. They are not really Jewish by religion or by blood/ethnicity. They are a sociopathic bunch that will sacrifice anything and anyone, indeed entire populations to get what they want. What they want is to control everyone and everything. They are war mongers, and power mongers.

[@texasray5237]

+Justin Hopkins No you're right. This isn't Nazi Germany. This is pre-Nazi Germany. This is the sort of evil that led to the rise of Nazi Germany. The German people were robbed of everything they had by a worldwide scam set up by the Jewish controlled international banking community . This included the deal between Britain and the bankers who used their influence to draw the US into WW1 and which led to the total emptying of the German economy. There is no such thing as antisemitism. But there certainly exists indignation resulting from fraud and treason. Zionism is not a race, nor a religion. It's a sort of conspiratorial Jewish sect of deceit that seeks the well being of its own members at the expense of everybody else. And when people react against being robbed they are justified;

[@texasray5237]

+Justin Hopkins You're right. The Zionists don't fly planes into towers. Instead they spend years preparing elaborate hoaxes to convince the naive masses that Arabs flew planes into the towers. '_Make war through deception'_ is their motto. Like with the Lavon affair. And the USS Liberty. And the Mossad trick to blame Gadaffi for the bombing of a club in Germany. Or the other Mossad hoax to blame Muslims for the mini-nuke they set off in Bali.

[@DeeWeext]

I can't give a shit about that lady with the emblem talking about having lost millions, look at her, with a title and whatnot, the rich loses some spare millions, oh cry more. If you have spare millions to invest, then shut up.

[@hurpDurp1000]

This ended with a point that always stuck with me about the economic collapse- the 99% claim the 1% got off easy in the recession, but Madoff alone took $50 billion from that 1%. Multiply that number by 99 and you have nearly 5 trillion dollars, the same approximate predicted loss for the 99%.

[@lackadaisicale492]

Awesome to see all these rich pigs crying.

[@derrickforeal]

But the moral of the story is there still rich

[@TheMabes69]

funny to see jews indignant about being ripped off by other jews

[@toddlavigne6441]

Never give full control of your money ...always have your own account in your name not the company thats working your money. Nobody deserves to be ripped off but these victims made it easy for Madoff.

[@tellurye]

Actually a better rule of thumb whether its investing or simply gambling in Vegas - only do so with money you can afford to lose.

[@toddlavigne6441]

tellurye very true

[@TheMoni700]

hilarious.......

[@WinSchutten]

What I keep wondering is... why did he continue to 65 billion... wasnt 30 billion enough? He was never going to be able to spend it all. Why keep going and nto shut it down, just take the money and vanish. One billion ought to make you vanish into thin air while you live in luxury.

[@getgoing581]

Win Schutten He wasn't the only one in on this and they wanted more mabye? Idk I'm no expert at this

[@dkupke]

I have a feeling there was more than just money-there was also a lot of ego. Sort of like with the Enron crew, Madoff probably thought he really was that smart and that he'd never be caught, or at the very least he figured he'd be long dead by the time it all came to light. By the time he realized it was all coming to an end it was too late, which is probably why he actually confessed.

[@JuicyCharon]

Every Ponzi scheme is not sustainable. The scheme requires new investors constantly and in a world of finite riches, he just couldn't keep it up. He must have known it was going to end.

[@tellurye]

Its all about greed and ego. Bernie had too much of it, and literally did think he'd get away with it forever. Some folks are much, much brighter. One that sticks out is Lou Lung Pai from the Enron scam. When he learned what Enron was doing he went along with it... for a little while. Then, he sold his shares to the tune of $300 mil and took off. He had left so early on (unlike Madoff), and had very little paper trail, he was never charged with the Enron scandal because it was as if he never existed.

[@BGfootballfan]

because the moment he stops so does the money going to his previous investors and would be immediately discovered

[@community1949]

The difference between Madoff and a real investment person is that Madoff never bought or sold any stocks. He just took in money from sappy people and gave some of that money back to others pretending these were dividends. Problem with this is you have to constantly take on new "investors" to keep the Ponzi scheme going. I still don't understand what was on his computers in that office because no money was ever really invested.

[@Partytime60]

Just checked his profile and guess what he is a Jewish. How ironic that when he was arrested never I heard the media mentioning that he belong to a Jewish family. I wonder what if he was a Muslim, would the media still hind his religious back ground.

[@Partytime60]

44:00 Yap Jewish made a history and damned Media is hiding the credit of the Jewish nation, such antisemitic the Medias are.

[@Partytime60]

Im flagging your shit. JewoooO

[@BotonBangBoyz]

Hey man stop making Muslims look bad not all Jews are like this he just happened to have connections who were jewish leading him to his position of power. God man come on!

[@mtm00]

Best LOL quote "... the SEC continues to roar like a mouse, and bite like a flee!"

[@bryanm6079]

by definition, Social Security is the biggest Ponzi Scheme of them all

[@christopherbradley5575]

What I dont see is how Madoff can be called a fraud while the US Government can call itself legitimate. The US is the greatest Ponzi scheme in history. Billions collected in tax revenue, minimal value in returns for those taxes and an artificially inflated dollar to make the investment look like a success.

[@mikoda92]

LMAO I don't care about those rich fucks who lost money by giving their investments to Madoff. You guys are crying just because you won't be able to live in overly lavish mansions, with Mercedes-Benz's, taking expensive trips to the islands and such because of all the money you lost. You got people out here starving, without a roof over their heads, and that bitch Joyce Greenberg had the nerve to mention the step daughters losing their college fund. Let them pay off their college by working shitty jobs like the rest of us.

[@freemanmike47]

It's still disrespectful It's just like those teens who stole from the celebrities No one has the right to be stolen from unless they stole themselves This is the reason i hate democrats They are jealous assholes who mooch off the government and want to take other tax payers hardworking money

[@Moonninja420]

+mikoda it wasn't just rich fucks. It was charities, hospitals, old people retirement funds, and pensions. Working class peoples savings were lost.

[@mikoda92]

DJ Fermi Did you read my comment? I'm clearly referring to the rich people.

[@mikoda92]

mike freeman What's wrong with them "mooching off the government" when rich people sit on billions of dollars without helping those who are less fortunate?

[@freemanmike47]

mikoda​ Imagine having working class friends that make a decent living and being the friend that sits home all day and collects Rich celebrities, business men and pastors across the world have charities and donate to red cross, susan g koman, salvation army Just because you don't hear them donating it doesn't mean they aren't helping out the poor Plus the working class and people in charge of the donations steal the money Liberals are a curse to the us

[@kidfromnyc2353]

Work at McDonald's, save up just enough to buy your own and you'll be good.

[@starlight7830]

Madoff,,,,,, the King of the Jews

[@VISTASofALDEBARAN]

Star Light Yes, king of the Ponzi Jews maybe. There are however even more powerful and destructive ones in the highest levels of government, business, fiance, media, secret societies, etc... that are far more dangerous...and are speeding up their endgame for total global domination - NWO.

[@MatthewWalker_93_]

***** I thought we already dominated the globe. I'll have to talk to my friends, the Rothschilds, etc, to make sure we're still in charge of everything.

[@TiagoNYC]

Star Light I'd put Jesus, Einstein, Salk, Haber, Mahler, Elvis, Spielberg, etc, as Kings of Jews before Madoff. In fact, if you take out just one of those Jews (Haber) from the list, your Mom would've never fucked that loser you call dad.

[@starlight7830]

t g Jews have this lust for money that ordinary people can't understand. Wall Street, Doctors, Lawyers are all professions that you will find a lot of jews who don't care about serving the community and only care abut how much money they can make.

[@TiagoNYC]

Star Light Everybody loves money. Jews are simply smarter. Jesus, John the Baptist and the Virgin Mary were ethnic Jews, btw.

[@MarkRVillano]

I haven't read all the comments so I don't know if it's already been addressed, but the question I have to ask is, "How were these mopes at the SEC, who were repeatedly alerted about this scheme, able to keep their jobs?" I understand that they're Civil Service employees, but, c'mon! Everyone who was in any way informed about this scam should have been brought before Congress, and then summarily fired.

[@CrunchyBall5]

I think he is a Don! Well done Bernie for sucking these assholes dry. Most people who lost money were cunts anyway

[@christineames3811]

Who invests life savings with anyone named "BERN"-IE "Mad (e) off. Think about it....

[@cakestalker]

A greedy jew swindling other greedy jews. If they weren't greedy they would have put their fortune into a SAFE place. Like a normal savings account or something, instead of being greedy and having to invest it to get MORE. If you are greedy, you get what you deserve. People with more than enough always want more! Then they lose it all! I have no sympathy for these losers!

[@mikoda92]

+Ingen Ting Totally agree. I laugh at their pain. I have no sympathy for the rich ;)

[@cakestalker]

IThinkWithMy Dick I was simpy pointing out that in every single of these cases it seems like both the con artist as well as the investors are jewish. Just watch the show "American Greed". It was not my intention to offend.

[@breeve12]

The story of your enslavement... aristocrats using the plebs for profit, physically enforced by the police and psychologically enforced by the media.

[@toddlavigne6441]

People who invested with Madoff should be ashamed of themselves. A statement show stocks purchased don't meant anything. They should have had a brokerage statement in addition to Madoff's statement. Greedy lazy fools

[@LeoBioSoul]

Not to mention that no one seemed to care that a small accounting firm was auditing billion dollar financial statements.

[@toddlavigne6441]

+Leopold Martinez That one retired stockbroker woman, fucking too lazy to handle her own money, even with a license and expertise. What a fool.

[@JazzKeyboardist1]

Todd Lavigne,, yes... my mother lazy too your mother is proud

[@toddlavigne6441]

a stockbroker should have known better...I wouldn't dare say anything bad about your mother.

[@toddlavigne6441]

you never give control of money ie; hedge fund.... any more than you can afford to lose sorry if your mother got burned

[@MrRobster1234]

Bernie's mistake was that he fucked with what Americans care most about; their money. He was a convenient Jew to go to jail in place of all the others who should be with him. Dick Fuld and so on...

[@fdseoulsandiego6514]

90% of his victims were Jews just like Madoff is, Hollywood is making a movie about him called "Jewing the Jew."

[@nikunjmajithia1113]

don't mock Religion

[@Chris-ci8vs]

Why? It is fucking nonsense.

[@nikunjmajithia1113]

Christopher Weir no its not loser. All Religion Lives in Unity all Holy books shout out the one word in Common Unity u will find out how wrong u r soon I Pray and Read the scriptures my day gets better

[@nikunjmajithia1113]

FDSeoul San Diego your parents never gave u a childhood no wonder u r messed up in the head. Mother Mary is Kind and Divine

[@nikunjmajithia1113]

FDSeoul San Diego wish i could punch your dad for not giving u a childhood

[@basstrip73]

Madoff scammed rich Jews and that can't be allowed. Please rip off the people who go to work every day and earn just enough to get by and we will leave you alone. Thank you.

[@n2ecosystems]

The whole banking system itself was started by Jews (Rothschilds) and it's a ponzi scheme, you can never pay off debt when each dollar created is created with debt attached, there's never enough money in existence to settle the debt.

[@jjek7872]

Looks like he Made off with the cash.

[@andylester4634]

Ha

[@marcussleek2183]

Oh jeez, a bunch of millionaires got ripped off for a change. I feel so bad for them.

[@gilormsplay]

Soon as this video started, I said to myself "Gee, I dunno, hmm, there's something about this Madoff character that makes me uneasy". How right I was!

[@permavag1207]

All those poor Jews 😂😂😁😂😀😎👏👏👏👏

[@gabrielluisbianchi]

come on ! all wiping greedy bastards...well deserved...the Lord has spoken through BM...

[@aviavi4717]

If you want to know where the money is hidden, think Telaviv. Bernie Madoff, an Israeli citizen, has billions of dollars hidden in Israeli banks. If you know anyone that lost money, get in touch with the Israeli Embassy.

[@esquiretaylor3022]

Adam David take that tinfoil hat off buddy. Lol how many extra chromosomes do you have

[@MakeSushi1]

so he "made off" with billions of dollars, how did no one see this coming!

Greed.

[@acajudi100]

You cannot cheat an honest person. Greed can make you lose your money!😡😂 Thank you.❤️💯 PSA: Google: Judi Grace StoryCorps.❤️💯🇺🇸😊📚💐✈️⏳🌈📓 Google: Murders in Chicago. 😡😡😡🔫🔫🔫💔💔💔💐🇺🇸😂😂🔫😡😡

[@rogerdiogo6893]

Global Warming is a 1 trillion dollar ponzi scheme, how America is Nazi Germany... The Nazis (Catholics) can run ponzi schemes, however the Jews can´t.

[@1290001]

Madoof wasn't the only 1 why the FUCK aren't the rest of these ENTITLED pieces of SHIT IN PRISON AS WELL!!! My theory is that Madoff stole from the rich & he wouldn't have gone to prison if he only stole from hourly workers like the rest of the bankers!

[@limaroro3609]

This documentary is a poor move to miss direct and guide the public from all of the crooks on wall street and in our government, and to solely focus the blame on Madoff the fall guy, when we all know that this entire U.S. economy is a giant ponzi scheme existing since the early 1900's with the Federal Reserve Act, nice try though guys better luck next time lol......

[@danielalmeida7126]

these comments are deplorable. So what if some of the people were rich. Practically none of you know how emotionally charged and painful investing actually is. If these people got rich through legitimate means, why the fuck should we wish this shit on them. This type of shit has made people commit suicide you pricks.

[@sadiebleu5786]

I have no sympathy for greed. A person making a lot of money and getting rich is a completely different thing.

[@koreyjeffries9504]

Financial Fraud Examination class brought me here.

[@Jingogunner]

Madoff's work is as nothing compared top the scam, operated by America's leaders against the American people.

[@radkonpsygami7634]

While the public was looking at Madoff, banks "made-off" with trillions.

[@earthwizz]

Small fry scapegoat. Nowhere near the thievery top table. The banksters weren't jailed they were paid off. Rob everybody and then blackmail. Pay up or we bankrupt your economy. Now that's a scam.

[@REDTEAM22003]

funny how the cops aren't there but busy aiming for crooks stealing a few hundred dollars at 7/11

[@christinerenee]

Its just money...doesn't make him evil. It makes him greedy. At the end, he wanted to give some people back some money. I am sure most of them are his family. But perhaps some of them were the poorest of his clients. I am not making him out to be a good guy, but his family paid so much for him. Its all just sad for everyone.

[@PropaneTreeFiddy]

Hell, if the government wants to look better, they should just tie these types of people up in a specific "violent-crimes-allowed" zone and let citizens release their anger.

[@hobbit5242]

Madoff went to jail for "stealing" from other Jews...Period!

[@pissed7off]

Why isn't this cunt practice made illegal? Clearly nobody can be trusted trading

[@MeneTekelUpharsin]

"The evil deeds of a wicked man ensnare him; the cords of his sin hold him fast. He will die for lack of discipline, led astray by his own great folly." (Proverbs 5:22)

[@chowmarina008]

a Jew screwing other Jews karma karma karma

[@nicolas1999444]

That man is my hero. Fk his victims.

[@mariefitzpatrick4508]

Myamar Salooki Everyone dies.... dont hate

[@chel3SEY]

Hear, hear! Madoff is great. Rich defrauding the rich. What's wrong with that? All were motivated by greed and that was their undoing. I'm glad for Madoff.

[@bobbydylan1424]

chel3SEY you do realise he got most his investments from charities .. so that means charities lost a lot of money because of him and I am pretty sure charities help the poor. Hear, hear to you getting your facts horribly wrong and admiring a person that ruined lives of rich and poor!

[@bobbydylan1424]

chel3SEY this just gets better and better, your now blaming charities for investing in a fraudster, so your protecting mad off over the charities! Do you actually know how fucked up that is. what you just said has fuck all to do with madoff fucking over charities, trying to change the subject! So now you are blaming the poor! What are you on about 'continue his good work helping the poor' he targeted charities because he knew that they don't take out their money for lengthy amounts of time, so didn't have to worry about paying them back! Do me a favour and watch the video instead of taking bullshit out of your arsehole.Let me just help you with a quote "Madoff admitted in court that he never invested the money invested' so he stole it from the charities with no intention of paying it back. You are clueless. Have fun idolising a tyrant, you never know you might just end up like your hero ... in prison for the rest of your life :)

[@chel3SEY]

giggi4455 If it is in Wikipedia it must be true. Smart.

[@YogiBearTruthbetold]

Mankind has been finally progressed enough to know the fundamental truth of life. This is the truth the evidence suggests, Google *_Truth contest_* and check out the top entry, only the truth of life can turn this world right side up.

[@kennyjames8268]

Thanks man, great stuff

[@commonsensedatcom]

+GregSchool lmao

[@lyndahallock3954]

Greed..pure greed by Madoff AND his investors....I have no sympathy for any of them....

[@geckoo9190]

The biggest fraud in history (who was caught).

[@wwefigurefights5438]

He did exactly what his name is...made off with peoples money!

[@mrgq181able]

Greed over commonsense

[@xYouthAttackx]

it's only a crime when rich people get scammed.

[@tess1822]

cant wait for the shitty generations to remove themselves from power so some progressive thought can take reigns

[@nunocasanova5745]

much respect mr maddoff, you are a great person and i'm here to pay my admiration to you sir. people use to disrespect you these days which i think it's absolutely unfair and painful. but you are not alone, sir. best regards! FREEDOM TO BERNARD MADDOFF NOW!! A great man, a great mission, however not understood... far from a fraudster, you are a visionary, sir If you think like me, please make yourself known commenting and leaving your thoughts here. Let's make the difference and leave a mark! Cheers.

[@JohnSmith-sf5oj]

I admire his hustle the man was hustling billions you've got to hand it to the jew bastard.

[@MisterRandom2]

I don't think he WANTS to be freed. He's probably afraid someone will kill him if he ever leaves prison. lol

[@SuperHamid93]

you american can not do against your boss jews.

[@AgentSmith911]

Why did they need a financial crisis to discover this?!

[@beatleneil]

you gotta admit he's brilliant

[@javamann1000]

Made off with the money! But what happened to it?

[@Tsnore]

Bernie used to save lives at Rockaway Beach and then he indirectly took lives in his 45-year Ponzi scheme. What's most intriguing is how a substantial chunk of that $50 billion could virtually evaporate through meager phantom payouts, some donations, and a few visible remaining assets. Ah, perhaps the mysterious wonders of the hedge-fund economy.

[@cromerbeach]

Greed that's what this is all about

[@Poseidon99Jeus]

he's a jew who fucked many jews

[@spookyvangimp]

I don't feel any sympathy for any of them. it's just greed that brought them down. The French aristocrat, I bet he never went cold or hungry. Bah humbug to the lot.

[@spookyvangimp]

I'm sorry I was forgetting about those innocent people whose inept managers invested their pension with Maddoff.

[@lovebiannca]

So why don't people stop investing in wall street⁉ It will starve wall street of funds, disempoweing wall street, and put a $ dent in the usa government forcing the power of government to go back to the people‼ Or why don't usa people who I know are idiots at least support and vote for strong regulations/regulations to regulate what wall street does instead of always supporting/voting for deregulation⁉

[@TheNuharoo]

These whiners don't want to take responsibility for their finances. Anyone who takes responsibility for their finances would pay strict attention, do the investing themselves, and frankly, they stupidly wanted to make a quick buck instead of being smart enough to invest wisely and PAY ATTENTION to how their money is being handled. It's clear that the concept of acting on their beliefs is beyond them and I don't believe that these fucktards understand that they need to look after themselves and their money and not rely on someone else to babysit their savings.

[@pattic.5611]

The rich should not have been so greedy/money hungry by putting all their eggs in one basket. Maybe it is time for the rich to learn what it is like to be poor, to remember what it was like to be poor before each became financially wealthy and/or maybe the rich needed to experience what it was like to be poor by having lost the house on the hill which belonged to each and gain experience/knowledge of what the poor are faced to endure every day of life; maybe each needed to come down from the hill and stop looking down upon the poor. There could have been a very valuable life lesson to be learnt from the financial loss(es) suffered.

[@pattic.5611]

+Patti C. One more comment: Maybe this was also meant as a lesson of humility, so the rich learn to extend a helping, compassionate and assisting hand which can benefit the lives of the poor in beneficial ways needed, so the poor can live a more promising life and reach the hope(s), dream(s)/goal(s) each wants to achieve. Let the rich not forget the parable of the rich man and Lazarus, which can be found in the Bible, as well as the Golden Rule, do unto others as you would have others do unto you.

[@JA2NJ]

Was he a bad guy or fueled the greed of the wicked.

[@aldiggs19]

+Yikez89 He wasn't a bad guy at all, if you met him you would think he was the nicest billionaire you've ever met. He just stole from the people who stole from others. He could've been a modern day robin hood.

[@JA2NJ]

Al Evan Robin Hood gave back to the poor... He stole from everyone,poor and rich.

[@aldiggs19]

Yikez89 He actually gave 5 billion to charities which they are trying to get back but the charity groups are still fighting to keep the money. He never stole anything from poor people. Just to get into this fund you needed to invest millions.

[@JA2NJ]

Al Evan where is this documented, proof of all this 5 billion to charity?

[@aldiggs19]

Here's a link to one story about the charities. I'm not saying he's a good guy but I think it's ironic that the people who got scammed are all greedy bastards. Don't feel sorry for those people. The real people who got scammed are the real estate people who put their life savings into a scam loan and are not getting a penny back. dealbook.nytimes.com//2009/06/29/should-charities-repay-their-madoff-money/

[@francispetaluma]

What Madof scammed is chump change compared to the $3 trillion bailout ponzi the banksters and corporations pulled in 2008. On top of that, they used main stream media, which they own, to make people believe that it was someone else's fault.

[@davidrahfeldt]

and then the moron confesses ? billions in hand and he can not bother to disappear ... talk about a serious case of jewish guilt ...

[@jxsilicon9]

There was nowhere he could go. He scammed a lot of countries investors including crime organizations.

[@derrickforeal]

This was an Israeli terrorist attack against Americans wealthy.

[@derrickforeal]

The mossad agency at its finest.

[@cjmillsnun]

America thought the boom would last for ever. Funnily enough they thought the same in 1927...

[@SethMethCS]

Bernie Madoff doesn't belong in prison because there are much larger Ponzi's still running in America and the World. Ponzi Schemes like Social Security, US Treasury Bonds, Wall Street Derivitaves market make B. Madoffs look like a shoplifter.

[@SUGAR_XYLER]

~ His wife must feel cursed. Her husband jailed, both sons died tragically and her high life vanished. Forgive me if I smile.