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She isn't entitled to anything except a chair at the soup kitchen... I say take her money and have her feel the pain of what other people have lost at her benefit... an eye for an eye...
She isn't entitled to anything except a chair at the soup kitchen... I say take her money and have her feel the pain of what other people have lost at her benefit... an eye for an eye...
I just gave you a rep point for that. You are 100% right... they should take the house and all of her money and give it to the people they swindled.
Now, I don't feel sorry for some of the people they swindled. Like the guy who was 51 and "retired" and had 97% of his money with Madoff. Who is that dumb? I don't care what kind of returns you are getting, you never put all of your eggs in one basket like that... especially if you are retired.
Sooner than later it will be taken from her....and she might even end up in jail and she deserves it...sad image maybe but if I think of all the people and charities who lost so much I don't feel anything for these scumbags!
I just gave you a rep point for that. You are 100% right... they should take the house and all of her money and give it to the people they swindled.
Now, I don't feel sorry for some of the people they swindled. Like the guy who was 51 and "retired" and had 97% of his money with Madoff. Who is that dumb? I don't care what kind of returns you are getting, you never put all of your eggs in one basket like that... especially if you are retired.
All of my 401k 'eggs' are in Fidelity's basket. Granted the basket is split up between a bunch of different stocks and bonds but what if Fidelity turned out to be run by a bunch of swindlers? I mean it's highly unlikely.....but.....what if? I trust Fidelity with my money. They've got a neat user-friendly website and it's a name people know. Should I be suspicious of what they are doing with my money? Do you think it may really be a scam. They sure aren't too good to be true b/c my returns have been absolutely crappy.
These people trusted Madoff like I trust Fidelity. It's not like he was a street hustler playing three card monte. He put on a very believable facade. He was the head guy of the NASDAQ exchange (A credible employment history). So you see that he's well known. He had a real office with employees. You wouldn't have looked at his fancy office and said....."OH....that looks shady to me!" These people got scammed because the guy was good at making it look legit. Why wouldn't you trust him if everything appeared legit? Why wouldn't you trust him when his client list is so unbelievably huge with so many well-known people?
With people that are involved with drug dealing don't they sieze everything , since it's possible that it was all purchased with drug money ? I think they should do the same thing to these white collar criminals. She/they should not be left with ANYTHING !
All of my 401k 'eggs' are in Fidelity's basket. Granted the basket is split up between a bunch of different stocks and bonds but what if Fidelity turned out to be run by a bunch of swindlers? I mean it's highly unlikely.....but.....what if? I trust Fidelity with my money. They've got a neat user-friendly website and it's a name people know. Should I be suspicious of what they are doing with my money? Do you think it may really be a scam. They sure aren't too good to be true b/c my returns have been absolutely crappy.
These people trusted Madoff like I trust Fidelity. It's not like he was a street hustler playing three card monte. He put on a very believable facade. He was the head guy of the NASDAQ exchange (A credible employment history). So you see that he's well known. He had a real office with employees. You wouldn't have looked at his fancy office and said....."OH....that looks shady to me!" These people got scammed because the guy was good at making it look legit. Why wouldn't you trust him if everything appeared legit? Why wouldn't you trust him when his client list is so unbelievably huge with so many well-known people?
Ok, first off I wasn't talking about everyone who invested with Madoff. I was only talking about some people who invested with him. If you are 51, retired, and you have "97%" of your money sitting in fidelity, that would make you naive and you would deserve to have your head cracked. Sorry.
Greed is what burned some of these people. They were getting excellent returns, they would start out with 20% invested and then keep increasing it until they had almost everything in there (being greedy) and it cost them EVERYTHING. Do you understand what that means? It means you have to start ALL OVER again and you LOSE everything!
Some of these people were in their 70's and had 90% of their money invested with Madoff. You just can't do that.... for many different reasons. What happens if it is a scam and it unfolds a few years later? What happens if all the sudden it has major losses? How are you going to recoup that money? Your working days are over! Who is going to hire a 70 year old? They should have had a maximum of 30% of their money in there and thats it!
She is used to a certain lifestyle that must be maintained.
Says who? She's no more special than anybody else. She is living high on stolen money. I hope she ends up in a trailer park or the projects.
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