Comments on: Bernard Madoff Ponzi Scheme. All posts and comments are copyrighted.

By: John Shaw

John Shaw — Wed, 29 Apr 2009 23:59:02 +0000

Well I think it depends if ones personal investments would be affected by this unless you were someway associated with his investment company but I’m sure it had a domino effect on many things and people. I think he got away with it for so long for a few reasons. One the economy wasn’t in as bad of shape back then but as things declines investigations started. And depending on the type of investments others made it may have taken this long to show its true colors. I think we need to regulate and keep a closer eye on such firms. Another way we might prevent it is to make a huge example of Bernard Madoff. Such as .. uhh.. can we restart to the olden days where we hang people? People this greedy don’t deserve to be apart of this country. Send him to a third world country, show him how good he had it here and how he didn’t need to be so greedy.

By: Stephen Ikalainen

Stephen Ikalainen — Wed, 29 Apr 2009 23:49:47 +0000

I feel that the Ponzi scheme was a very misfortunate occurence but everyone has to realize that he is not the first nor last person to think of an extremely elaborate scheme to steal money from loans and cause billions of dollars to go missing. It did not affect me in any way but I know some people who were affected by this scheme and it means that we investors need to be careful and not get duped into investing in companies and stocks that arent real and they must keep an eye on where their money is going. Hopefully in the future this will not happen again because our financial market cannot take these hits anymore without giant repercussions.

By: Andrea Rovedo

Andrea Rovedo — Mon, 27 Apr 2009 23:51:56 +0000

I’m not 100 % sure of what really happened with the whole Madoff scheme, but i believe he got a way with it for so long because no one expected it and it wasn’t really an issue that needed to be looked in to because it wasn’t obvious that it was happening. I know he is in a lot of trouble already, but they should add on more for him sending all his assets out to family when they should have been frozen. I think that all investors should be reviewed so we can find out how many of them are really scamming people.

By: Jenny Frost

Jenny Frost — Thu, 23 Apr 2009 13:52:48 +0000

Ive seen this kind of thing happen someone stole from my dads reality company and invested this money in stocks and things and lost all the money. People that steal like that should really be locked up in a sense so that they get what they have done and show the people that its wrong for doing so.

By: Brandon Friend

Brandon Friend — Wed, 01 Apr 2009 21:49:29 +0000

I’m not too familiar with the whole scenario. I obviously saw pieces of it on the news but I didn’t look too far into the whole thing. As far as my investments being affected, I’m not worried at all because I have no investments. I’m sure he got away with it for so long because he had the key operation of how to beat the system and fool everyone blind. However, now that he got caught, I hope he loses everything he has and ends up on the street holding a “I’m hungry” sign and an empty dunkin donuts cup

By: Chris Marino

Chris Marino — Fri, 27 Feb 2009 05:58:43 +0000

I think he will get what he has comming to him, an 8×10 cell. He deserves to be thrown in jail for what he did. I dont think my investments will be affected by this, only because I dont invest money at this point in my life, But it does give me second thoughts. I think he got away with it after all this time because he was a well educated trustworthy man in the eyes of people. This could be avoided if people dont put all their eggs in one basket and seek advice from a professional.

By: ND

ND — Thu, 26 Feb 2009 16:45:03 +0000

i think Bernie Madoff is miz! He cheated alot of people and got alot of money from greed and fraud! Then he gets caught and gets the pent house of punishment?!! He needs to be thrown in a jail cell! He should not be treated like a diamond. He did alot of horrible things and he deserves to be thrown in a hole! ill never associate with anyone from that family or business. He went on for a long time because people working for him got what they wanted and everything was dandy…for them.

By: tella mes. soincul

tella mes. soincul — Tue, 10 Feb 2009 21:46:57 +0000

Conmen have always existed-they will always exist.This does not surprised me…I’m more interested in understanding the psychology of the “victim”, (I use the word loosely, though). People who put all there eggs in one basket-make no sense to me- by the age of 2 my parents taught me never, ever, ever, ever, put all your eggs in one basket, no matter what!!!!!!And what about the fund managers for charities, in some cases putting most or all the funds , again, in one basket. Seems as if we’re shorting all the circuits here.
The timing of this, coincidently or not, with the stock market decline, and the buy and hold mentality, instead of by low, sell high (yeah, I know, you can’t time the market, blah blah) should let everyone stand back a moment and take stock “sic” of what it means to save money for the future. STOCKS=GAMBLING. Financial Investment brokers=Someone selling you a casino betting system. In the long run, you can’t beat Vegas-only momentarily. If BY CHANCE, your using a BETTING SYSTEM, and you win, (as statistacally you will, short term), you say the betting system works. If by chance, your Financial advisor told you to sell stocks, coincidently, at a high point, he’s a genius! That can and will happen, but just as in Vegas, by chance theire will be winners and losers, the real winners in both situations are the ones that GET OUT WHILE THEIR AHEAD-but be honest, while gambling, even when you’re ahead, you keep going until you fall behind. Same thing w/ stocks, you think that they just keep going up and up and up, well- they went down, and you did not sell while they were up. So all you folks that lost money in the market will be looking for the next MADOFF, chasing you lost market gains- good luck!

By: Grace E. Poirier

Grace E. Poirier — Wed, 28 Jan 2009 14:36:12 +0000

One of the things that bugs me about this whole situation is how Madoff is being treated now. Is house arrest in a multi-million dollar Manhattan [sp?] penthouse punishment? It doesn’t sound too uncomfortable to me…

For someone who has jipped so many people of so much money for such a long time, he needs to be in jail NOW on bread and water rations, and paying his “rent” through hard labor. I know I am a hard-nose, but really, people like him disgust me!

I have no investments, and don’t think I will. Not just because of this particular situation, but because of the uncertainty of them. Peope can do really well with them, but they can lose them just as fast. I prefer the security of knowing where my money is, and having access to it whenever I want it.

By: kevin webber

kevin webber — Tue, 27 Jan 2009 16:01:37 +0000

Kevin Webber
January 26, 2009
Marketing

I think the Madoff ponzi scheme was a bad way to go about making money. It was clever however as he used investors against each other to cover their “lost money”. I don’t have any investments yet however I can imagine that it provides nothing but problems for those who lost millions of dollars to this man. Madoff was able to get away with the scheme for many years due to hush money for some employers. In addition he brought in new investors and used their money to pay off old investors while still making a profit. In the end the fraud is barely worth the trouble this man caused for him self and others, he even seems to be trying to cover his tracks in jail as he gives his close workers a raise. In order to prevent future ponzi schemes it is important to keep track of all investors and their clients and weather or not the people are satisfied or lose money mysteriously. If there seems to be a trend in those who have an issue with a leader in the industry then precautions must be taken to look into each problem and determine a cause. Fifty billion dollars does not seem like an amount to loose track of, never mind let that much money affect that many people.