Madoff should hang.....

[Michael Alexander]

A story I was following for the lat month or so..... but this bastard should hang, he walks to his court cases with a smile on his face, whilst his investors kill themselves..... f*&^ him

" London - A former British soldier killed himself after losing his life savings in an alleged $50bn fraud run by Wall Street financier Bernard Madoff, the dead man's son said.

William Foxton, 65, who had served in the British Army and more recently worked as a defence contractor in Afghanistan, died from a single bullet wound to the head in the southern English port city of Southampton on Tuesday, police said.

"A pistol was recovered at the scene. Police do not believe the death to be suspicious," a police statement said.

His son Willard said his father had returned from Afghanistan and revealed his life savings had been lost.

He did not say how much had gone, but news reports said it was close to £1m.

"He came back and we were all very glad he was back and retiring and we were looking forward to him spending a long and happy retirement with us, but unfortunately very recently ...

'I'm really sorry'

"I got in contact with him to ask him some ordinary family stuff and halfway through the conversation he said: 'Look, I'm really sorry, I can't concentrate, I'm afraid I've lost everything, I've lost all the money, I might have to declare myself bankrupt'," Willard Foxton told Sky news.

"He invested in hedge funds [and] without going into the names of the specific hedge funds, essentially these two hedge funds had taken the money, and as far as I can understand from news reports and the class action lawsuits being filed against them, they had taken all the money that was invested with them and then sunk that into Bernie Madoff's fund."

The BBC's website said Foxton had invested his life savings in two Austrian-based hedge funds, but he discovered both funds had been closed and their funds invested with Madoff.

"I want Madoff and others involved to know that they have my father's blood on their hands," Willard Foxton was quoted by The Daily Telegraph as saying.

"I'm very angry. My first thought was to show up at Madoff's trial in New York and throw my father's medals in his face."

Madoff was charged in a criminal complaint in December with fraud, after US federal authorities said he confessed to running a long-standing swindle that cost investors $50bn.

"

Pardon my taal.... maar dit maak my net befok......

[SandyB]

Yes  they should be  so  severely punished  as deterent  to  future fraudsters ..   sad thing  again  is this  is a case of  having the carrot dangled , and people following that carrot ,, The  words of warning remain ...  IF AN  INSTITUTION  OFFERS  A  RETURN FAR IN EXCESS  OF WHAT THE  MARKET IS OFFERING BE CAREFUL .. VERY CAREFUL ..  Sure there are some well timed deals  that  hit  luck but that just once  or twice ... never  forever .. and yes  if  one  goes in as an individual  and  plays stocks  ,, well then you take that  individual risk ..
But yes to  prey upon  peoples  wanting to  get the most  and sadly so   pensioners who just want  to have a more comfortable  retirement ..  thats criminal ...   I had a call  on friday from a company ...  I will  listen to them on monday and then have the pleasure of telling them to F.. off ...

[Clive Symes]

Your right Sandy,
Before I left OMD there was a particular investment person based in Windhoek that wanted me to invest with him ( guaranteed me a mininum or a 35% ROI ) I went through weeks and months of up's & downs paper /e-mails & phone calls etcwith this guy.
Wanted his fee paid up front, when I told him I was prepared to invest with him if he only took his fee at the end of the first year, you should have hear his comments.
Accused me of spinning him allong etc anyway like I said, " if you are so sure of your facts and rate of return surley it will not be a problem)

Needless to say, I never invested with him or any of the firms he suggested

[SandyB]

Mmm  ,, yes  the  " seller '  middleman  is pretty sure its dodgy but yes  taking the chance ,,,  works on peoples naivety .. he gets fee upfront .. when all collapses  he disapears ...  no damage to him ..  but yes the wheel is round .. if you dont have a working  conscious conscience   in this life  you will just ahve to  take the consequences and well ... so many theories ...  but yes it comes back to you ..

[SandyB]

Follow up on the investment  company that just wanted  to send an " advisor "  to do the obvious hard sell  as to how I  could get  25 % return ... I got  my follow up call on monday morning ..  so what  time  can our " advisor" come see you today ??  I explained gently that I am a busy person .. and that yes  I would like to  view their website  and get a bit more background  on the company and their affiliates  before I  had an " advisor " aka  hard sell   sign on the dotted line salesman  visit me .. sure   she said .. here is the address  .... " www . ??     blink " ... call suddenly ended ..  never bothered again .... Mmmm smells more fishy than  Luderitz  on a hot windless day ??   me not stupid .. sooner have slow steady  interest linked growth  than lose all for foolishness ...

[Clive Symes]

Good on you Sandy, complete agreement this side.

[SandyB]

See  mr Madoff did a no contest  admission ..  he now in jail and will be sentenced soon ,,, wish mr James w Brown  of the fidentia scandal .. 1.62 billion of miners widows and orphans fund  gone missing would  do the same ...

[John Creedy]

American jails are awful.  Many are contracted out and run on a shoestring.  California has a "three strikes and your out" policy.  Dick Chaney has one.  M will have many enemies inside since there will always be a relative of someone who was had on the inside....  Sometimes this is worse than .....  my tickey worth.

[Diana Rudd (Boehme)]

I read he could get 150yrs in jail....errr the man is 70 already. So maybe he he lasts 15years..that not justice. Take all his assests then hang him.Fine time to be sorry it aint going to make anything right.

[Cherry (Alcock)]

Considering only $1 bilion of $65 billion has been recovered from Madoff, I suspect he's going to be able to buy quite cushy prison deal a la Paris Hilton et al

[Clive Symes]

Let Mossad have him on the condition that they get to keep 10% of funds located.

[SandyB]

The comaprison made ... Both  James W Brown  and Madoff .. over a period of tiime  plundered funds  and both knew exactly what they  were doing .... peoples invertments ... pension funds .. that is unforgivable ...  But Mr Brown   is fighting tooth and nail  against his obvious guilt .... Madoff has   admitted no contest , whether he hopes that will lighten his sentence  which i do not see happening , but at least he will not be tying up the courts and valuable taxpayers money and not jamming the courts  with  technical timeplay and time wasting ...