The Madoff Syndrome: stock market Ponzi schemes

[Nobar King]

The outrage over the 50 billion dollar Ponzi scheme led by Bernie Madoff to rip off his fellow Jews is still sending ripple effects thru Wall St. and the rest of the world's markets. This was not an isolated incident!! It turns out that these schemes have been uncovered in a number of different investment markets:

• In Italy (borsa Italiana), a group of seven brokers are under indictment for pushing stock and keeping the investments for themselves.
• In Brasil (BOVESPA), a major scandal involved hundreds of wealthy investors who lost their assets to corrupt broker Paolo Finiestini.
• In Hong Kong (HangSeng), 17 different brokerage offices were closed when they were unable to cover the assets of their investors. This was another scheme where stocks were not bought with investments; investor's money was used to pretend to pay out dividends to other investors.
• In Russia (RTS), an oil investment scheme defrauded 12,000 investors out of 4.4 billion dollars US by selling oil that was never delivered. They tricked their marks by offering outrageous profits to the initial investors, then skipped out when they had collected enough assets.
• In India (BSE), a Ponzi scheme was uncovered that wiped out 20 billion dollars in Indian investments. The age of the computers and software that is used in the Bombay Stock Exchange allowed traders to hide their scheme under the watchful eyes of the Indian version of the SEC.

There is a common theme in these stories. Investors everywhere put their trust in their advisors, but are never really sure about the status of their assets. More of these Ponzi schemes are under investigation worldwide, and I'm sure more will be uncovered. When the truth finally comes out, it will be difficult to know whether any stocks have any value at all.

Is the world stock market just a giant Ponzi scheme?

[Pastor Ezekiel]

Re: The Madoff Syndrome: stock market Ponzi schemes

Well all they care about is money. The fact is, big jewery controls these money schemes and they're all rigged.

I thank Jesus each and every day for making me a True Christian Pastor(tm), penniless but well provided for by my flock.

[William Snodgrass]

Re: The Madoff Syndrome: stock market Ponzi schemes

I think it's funny that them jews stickin together was their undoing. They all stuck their money in with their jew buddy madoff and when he came crashing down, so did a bunch of jewish charities and businesses. What did they expect, trusting a jew with their money? They should've tithed it all instead of giving it to another man. That's what happens when you spend Jesus's money instead of giving it back to him like he said to. But when have them jews ever done what Jesus wanted em to?

[Jimmy-Roy Stewart]

Re: The Madoff Syndrome: stock market Ponzi schemes

Its just more affirmative action no one wants to give us hard working God fearing Americans anything but oh no lets give the jews 50 billion dollars and lets give the faggots a lot of money so they can buy big houses and decorate them all the time mean while what i have left after my tithe just bearly gets me and debbie and the kids thru.

[Eugene Hackwith]

Re: The Madoff Syndrome: stock market Ponzi schemes

Is the world stock market just a giant Ponzi scheme?

Personally, I think the stock market is the ultimate high-risk game for degenerate gamblers. Investors put their money into the machine (the market), push the button, and hold their breath as they wait and see if they come out as millionaires or as paupers. However, as with all gambling, the house (the Jew who controls the market) always wins.

[Bobby-Joe]

Re: The Madoff Syndrome: stock market Ponzi schemes

The fact that these advisers are not Christians is the warning sign. Only Jesus can guarantee a 20% return every quarter like the Landover Heavenly Eagle Fund can. None of those brokers get their salvation products anywhere else but a good and TRUE Christian church.

[Nobar King]

Re: The Madoff Syndrome: stock market Ponzi schemes

More disturbing market news:

Reykjavik:
Feb 5 2009 by Alby Afford, Western Mall

A currency trading ring with ties to Italy and Russia has been uncovered in Iceland. Their scheme, paired with the lure of false profits, led to the BANKRUPTCY of the entire government of Iceland and the devaluation of the Krona. This shadowy group has ties with the yet-unnamed group of European investors who helped Bernard Madoff disguise his own massive Ponzi scheme.

Iceland's new prime minister has asked the country's three central bank governors to resign in hopes of restoring faith in the country's battered financial system.

[Nobar King]

Re: The Madoff Syndrome: stock market Ponzi schemes

The stories are starting to roll in about new stock market fraud schemes. This time it's Robert Stanford:

SEC Charges Robert Stanford With Multi-Billion Dollar Fraud




February 17, 2009 12:50 PM EST


The SEC confirms it has charged Robert Allen Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an $8 billion CD program. The SEC's complaint alleges that Stanford sold approximately $8 billion of so-called "certificates of deposit" to investors by promising improbable and unsubstantiated high interest rates. According to the SEC's complaint, the defendants have misrepresented to CD purchasers that their deposits are safe, falsely claiming that the bank re-invests client funds primarily in "liquid" financial instruments (the portfolio); monitors the portfolio through a team of 20-plus analysts; and is subject to yearly audits by Antiguan regulators. Recently, as the market absorbed the news of Bernard Madoff's massive Ponzi scheme, SIB attempted to calm its own investors by falsely claiming the bank has no "direct or indirect" exposure to the Madoff scheme.

The Director of the SEC's Division of Enforcement, Linda Chatman Thomsen, said, "As we allege in our complaint, Stanford and the close circle of family and friends with whom he runs his businesses perpetrated a massive fraud based on false promises and fabricated historical return data to prey on investors. We are moving quickly and decisively in this enforcement action to stop this fraudulent conduct and preserve assets for investors."

Stanford's companies include Antiguan-based Stanford International Bank, Houston-based broker-dealer and investment adviser Stanford Group Company, and investment adviser Stanford Capital Management. The SEC also charged SIB chief financial officer James Davis as well as Laura Pendergest-Holt, chief investment officer of Stanford Financial Group, in the enforcement action. Rose Romero, Regional Director of the SEC's Fort Worth Regional Office, added, "We are alleging a fraud of shocking magnitude that has spread its tentacles throughout the world."

[Pastor Ezekiel]

Re: The Madoff Syndrome: stock market Ponzi schemes

I saw that on CNN. What do you expect from an (alleged) American who loves cricket?

[Pastor Al E Pistle]

Re: The Madoff Syndrome: stock market Ponzi schemes

The FCC is going to release this to the public soon. Members of Landover are always a few days ahead of the riff-raff.