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12-12-2008, 09:49 AM
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Senior Member
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Join Date: Oct 2007
Location: Ocean County
1,916 posts, read 1,446,523 times
Reputation: 621
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Ex Nasdaq exec charged with stealing 50 BILLION
This is one reason why JM doesn't like to invest in stocks and 401Ks and 457Ks. This thief might get a couple of days in jail for 50 BILL. Where do I sign up. Hey Hoboken Guy sounds like a good job assignment.
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12-12-2008, 10:52 AM
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Member
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Join Date: Jun 2008
63 posts, read 43,212 times
Reputation: 30
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This story is unbelievable. How this went on under the radar is amazing. Where are the auditors on this? Glad they get paid to audit this and not catch anything. This guy was able to raise billions of dollars and was not satisfied with the 2% management fee he could collect (which is millions) so he stole most of it.
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12-12-2008, 11:19 AM
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Senior Member
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Join Date: Jun 2006
Location: Weehawken, NJ
1,942 posts, read 1,777,120 times
Reputation: 735
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Quote:
Originally Posted by JERSEY MAN
This is one reason why JM doesn't like to invest in stocks and 401Ks and 457Ks. This thief might get a couple of days in jail for 50 BILL. Where do I sign up. Hey Hoboken Guy sounds like a good job assignment.
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I was just reading this. I hope this guy becomes some bad man's girlfriend in prison.
50 BILLION dollars. How greedy can you get? He would run out of money in 10 years, after the Earth crashes into the sun. |
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12-12-2008, 11:20 AM
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Senior Member
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Join Date: Jun 2006
Location: Weehawken, NJ
1,942 posts, read 1,777,120 times
Reputation: 735
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Quote:
Originally Posted by imoapie
This story is unbelievable. How this went on under the radar is amazing. Where are the auditors on this? Glad they get paid to audit this and not catch anything. This guy was able to raise billions of dollars and was not satisfied with the 2% management fee he could collect (which is millions) so he stole most of it.
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Once again, I vote ScranBarre to audit these firms. He will have no problem finding work auditing the crooks on Wall Street and down in Trenton. |
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12-12-2008, 11:52 AM
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LETS GO YANKEES
Status:
"Those who mind don't matter. Those who matter don't mind."
(set 14 days ago)
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Join Date: Jul 2008
5,292 posts, read 3,068,353 times
Reputation: 854
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Did I mention we are witnessing the end of Capitalism?
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12-12-2008, 04:08 PM
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Senior Member
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Join Date: Oct 2007
Location: Ocean County
1,916 posts, read 1,446,523 times
Reputation: 621
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I'm surprised that the governors appointed people on the pension fund didn't invest 10 or 20 billion with this thief.  |
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12-14-2008, 02:52 PM
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Senior Member
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Join Date: Jul 2007
Location: High Bridge
2,739 posts, read 2,312,189 times
Reputation: 513
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Quote:
Originally Posted by EEEPNJ
Did I mention we are witnessing the end of Capitalism?
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Meh.
The end of corrupt capitalism with corrupt oversight committees maybe. But not the end of capitalism. |
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12-14-2008, 07:32 PM
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Senior Member
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Join Date: Oct 2007
Location: Ocean County
1,916 posts, read 1,446,523 times
Reputation: 621
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Can you actually believe dummies trusted this thief with ALL their money, unbelieveable. Stupidity is widespread in this country.  |
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12-15-2008, 11:47 AM
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Senior Member
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Join Date: Apr 2008
Location: Bergen co.
305 posts, read 143,326 times
Reputation: 96
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insane, there are these few individuals, who are almost singlehandedly bankrupting ours and other countries. Larry Silverstein is another one of those lousy rotten leeches. check this out:
NYC ruling limits airlines' liability for 9/11 |
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12-17-2008, 11:46 AM
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LETS GO YANKEES
Status:
"Those who mind don't matter. Those who matter don't mind."
(set 14 days ago)
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Join Date: Jul 2008
5,292 posts, read 3,068,353 times
Reputation: 854
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Quote:
Originally Posted by CuCullin
Meh.
The end of corrupt capitalism with corrupt oversight committees maybe. But not the end of capitalism.
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Well, the end of Capitalism as we know it. The only way I've know it in my life time is as you describe it here. |
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