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Posts Tagged ‘Bernie Madoff’

You know that Bernie Madoff has plead his guilt to the court in the securities fraud case against him, as well as  perjury; however, the investigators who are delving into this long -term Ponzi scam are allegedly, having to investigate his business associates, some of his family members, and his tax accountant too.  There is so much missing money…that many observers automatically assume that the money has been hidden among those that he has personal relationships with; whether that is true or not, remains to be seen.

It leaves the impression of guilt by association, though this is unfortunate, because many of them may not have had any idea about the fraud that was taking place.   I personally doubt whether he advertised the fact of what he was doing, to his friends and family; it isn’t something most people would be proud of.    I am thinking about his wife in particular; did she know where the money in their lives came from?  She is also allegedly, being investigated; and, unless she had direct involvement in the day-to-day business operations…how would she know what he did while he was at work?

Still, if the money in their accounts is  found to be accumulated from the fraud; the government could confiscate it couldn’t they?  His own family members could end up being “victims” of his actions, just as well as, those who lost so much financially!  Bernie will be sentenced for his crimes in June.   What the additional investigation finds, will also determine what happens to the others that are being investigated by their association with Bernie Madoff.  Bernie may have plead guilty, but, if this investigation negatively impacts his friends and family…you have to wonder if he will actually feel any guilt!

In this kind of a case, the cloud of suspicion could literally destroy many more lives than those that have already been destroyed.  If Bernie Madoff could admit his guilt in court…why can’t he just be honest and tell the investigators where the money is?   Maybe if some of the money could be found…maybe some of the people who were ripped off could get some of their money back.  If he is keeping that missing money information to himself…it could destroy those that he supposedly cares about, such as his wife, children, business associates and such.  Let the guilty be found out…and the innocent be proven so; still, what if the money is found  in their accounts without their having knowledge of the scam?

So many lives have been destroyed by this security fraud…this Ponzi scam this abuse of trust, it is sickening.  People have lost so much of their money that they counted on to survive.  It makes a person intensely frustrated and angry that Mr. Madoff will be sitting in a prison cell…getting three meals a day and all of his basic needs will be met; while his “victims” future is still up in the air.  The levels of trust and responsibility that we put in our leaders is immense and needs honored by meeting those levels of trust and responsibility and exceeding it!  This damages everyone’s ability to trust those in authority, who’s decisions affect our lives…has it affected how you trust people?

I have moved my site to a new Url:  WriteWhereYouAre if you are interested in more blog posts!

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      Breaking news today at the hearing for Bernie Madoff, financial investor; Bernie has plead guilty to all of the charges against him in one of the largest investigations ever into a Ponzi scheme which ripped off both celebrities and everyday people alike.  Madoff has admitted that he knowingly took money and mis-handled it and lied about it under oath; while actively hiding his activities.

       Bernie Madoff made statements to the court that he is sorry, ashamed and acknowledges that he has hurt many people; he admitted his guilt.  Those statements are some of the biggest understatements ever made.  There are those who have lost their life savings, some who have allegedly committed suicide over their financial situations, others who have need of medical interventions that could save their lives…but now, cannot afford to have done, people who can’t afford to pay their rent/mortgages because of the deliberate actions of Mr. Madoff.  (more…)

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