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PALM BEACH - To get accepted as a member at the Palm Beach Country Club - founded by Jews during the 1950s when the other clubs in this exclusive resort town were restricted - you have to be more than rich. You have to be a real mensch, a person of character.
And the way to prove that is to show that you contribute a fortune every year to charity.
Bernard Madoff passed that test long ago, something his fellow members have suddenly come to regret.
Prosecutors say Madoff preyed on club members, scamming them for millions dollars and betraying the trust that is so valued inside the walls of the exclusive club.
Ninety-five-year-old Carl J. Shapiro, who thought of Madoff as a son and vouched for him with many fellow club members, told the Palm Beach Daily News that the revelations of Madoff's trickery were like "a knife in the heart."
Oh god this is terrible. Where will they play tennis and drink mint juleps now? They'll have to be around...normal people....I feel dirty just thinking about it.
Well we can safely say that they were NOT good judges of character
Quote:
Originally Posted by bentlebee
PALM BEACH - To get accepted as a member at the Palm Beach Country Club - founded by Jews during the 1950s when the other clubs in this exclusive resort town were restricted - you have to be more than rich. You have to be a real mensch, a person of character.
hahah... for the people who lost everything.... I feel bad for them but at the same time why would you invest EVERYTHING in this guy? Even if he was giving you good returns its not wise at all to trust someone with ALL of your money. 50% I could understand.
I think we can more safely say that Madoff is, indeed, a sociopath.
I don't think so... I think the played the game and he played it well... the only difference between him and a politician... the politicians can do the same thing and it is legal...
I wonder how these people earned all that money in the first place if they have such poor investing skills.
Quote:
Originally Posted by ufcrules1
hahah... for the people who lost everything.... I feel bad for them but at the same time why would you invest EVERYTHING in this guy? Even if he was giving you good returns its not wise at all to trust someone with ALL of your money. 50% I could understand.
Oh god this is terrible. Where will they play tennis and drink mint juleps now? They'll have to be around...normal people....I feel dirty just thinking about it.
Its a bad thing when we have people like you around....I feel dirty just thinking about it.
The guy was a genious, yes smart people can be evil. He shouldn't be jailed at all.
I wonder how these people earned all that money in the first place if they have such poor investing skills.
Most of it was passed down. Plus the majority did not earn their money from the stock market.
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