Will Platinum’s Partners Make Claims that They Tried to Come Clean Too?

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http://nypost.com/2017/02/02/madoff-no-one-believed-me-when-i-tried-to-come-clean/

Madoff: No one believed me when I tried to come clean

Bernie Madoff claims he tried to tell people as early as 2005 — three years before he was arrested — that his empire was nothing more than an elaborate pyramid scheme, according to a new documentary.

Makers of the audio documentary “Ponzi Supernova” obtained a 2012 tape recording of Madoff answering questions in a lawsuit filed by plaintiffs suing Banco Santander’s Optimal Investment Services, which had invested with him.

Madoff said investors came to him with suspicions that he wasn’t really making any profitable trades.
But when he told them the truth, they laughed it off — and didn’t go to authorities, the imprisoned cheat said.

“Well they [suspicious investors in 2005] would, they would ask me that, you know, with a smile, ‘You’re not — are you really doing these trades?’ or ‘You know, and so on and so forth?’ ” Madoff testified in a 2012 deposition.

“And sometimes, I would say, ‘No, I’m not [making any trades].’ They would laugh, and then that would be the end of it. They didn’t want to believe it.”

Madoff’s claim that he was trying to come clean years ago is featured in the sixth and final part of “Ponzi Supernova,” which is being posted Thursday on Amazon’s spoken-word platform, Audible.

Madoff also claimed hedge-fund managers who invested with him should have known the returns they were seeing were mathematically impossible.

“Something Fishy” is the title of Thursday’s installment of “Ponzi Supernova.”

“I thought they didn’t want to understand. I thought that was . . . willful blindness,” said Madoff, who is now 78.

As long as he kept reporting profits, hedge-fund managers didn’t care to ask questions, Madoff said, “because they never, they never really objected.”

“Supernova” documentarian Steve Fishman said he agreed with Madoff that the con man’s biggest investors likely knew something was up — but stopped short of acting as long as paper profits kept piling up.

“They ignored all the warning signs. And those warning signs were really explicit and big,” Fishman said Wednesday.

To read the article in its entirety click here.

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Madoff and Twists – A Platinum Example

 

 Bernard Madoff, founder of Bernard L. Madoff Investment Secu

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors

‎January‎ ‎03‎, ‎2017‎ ‎5‎:‎00‎ ‎AM ‎January‎ ‎03‎, ‎2017‎ ‎11‎:‎22‎ ‎AM
  • Courts say investing from offshore keeps the trustee away
  • Rulings make it easier for ‘people to benefit from cheating’

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors – Bloomberg

https://www.bloomberg.com/news/articles/2017-01-03/another-madoff-legacy-ways-for-investors-to-keep-ponzi-profits

The legal fallout from Bernard Madoff’s epic fraud includes an ironic twist: a road map for investors wanting to hold on to profits that seem too good to be true.

In the eight years since Madoff’s arrest, a series of court decisions have favored investors who profited from the scam, damping the hopes of trustee Irving Picard to return more to Madoff’s victims who lost $17.5 billion in principal, legal experts say. At the core of the disputes is how far Picard can go to make the Ponzi scheme’s investors whole.

“The rulings all lower the risk associated with investing in something that might be a Ponzi scheme,” said Anthony Casey, a University of Chicago law school professor. “Some of these were inevitable conclusions of law. The courts weren’t necessarily being lenient to the big institutions. It just happens to help the wealthier investors.”

Picard and his team of New York-based lawyers have recovered about 65 cents on the dollar — more than anticipated after the collapse of the biggest Ponzi scheme in U.S. history. And while the trustee’s recovery efforts continue on multiple fronts, including suits against some of Madoff’s biggest investors, the rulings took billions of dollars off the table and make a 100 percent return seem impossible.

 

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The Platinum Serial – Look Back to Bernie Madoff – Don’t Ignore the Pictures

“THE TRAIL OF PEOPLE WHO CALLED HIM THEIR BROTHER, THEIR BEST FRIEND”…

We have read dozens of comments about Huberfeld, Nordlicht and Landesman, amongst others, many of which accuse us of attacking their friends. We have one particular commenter who thinks we should leave this story alone, particularly where Huberfeld is concerned. He is a good person, she says. He has family. He did not go in intending to defraud his investors.

Yes. He did. As did the others.

She then said that if people lost their children’s college funds they were, in sum, foolish to have invested it all. Well, the same has been said of Madoff. In fact, in some interview somewhere Madoff is quoted as saying something like: If they were stupid enough to trust me with all of their money, they deserved to lose it.

We beg to differ.

Platinum’s partners are serial manipulators, preying on the greed of some, the weakness of others and the trust of their friends and families. You, the investors were taken for a ride. The same can be said of Madoff’s investors.

See the video below.

http://video.vanityfair.com/watch/vintage-vf-bernie-madoff-s-victims-speak-out

 

For further information:

Madoff Victims’ Payout Nears $7.2 Billion, Trustee Says

U.S. charges Platinum Partners execs with $1 billion fraud

 

Madoff and Platinum – Comparisons to be had – Pyramid Games

LETTER TO THE EDITOR:

Hi,
I noticed that you are posting quite a lot about the Madoff scandal at the moment. Please can I direct your attention to Sonja Kohn (pronounced Sonya)
This is detailed in full in the book called Pyramid games. https://www.amazon.co.uk/dp/0957619146/ref=cm_sw_r_cp_apa_oWInybEDJP0SJ
Sonja Kohn was totally vindicated by a London court despite the exposé book. 
There is already a lot of material online that you can find through Google to help find out more about her.
Wishing you every success.
Anonymous

SONJA KOHN

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The Madoff Chronicles: One of Many Lawsuits and the “investment strategy intended to safeguard assets”…

madoff

The Savvy Versus the Non-so-Savvy…

And the Littany of Jewish Defendants who were able to Maneuver a Complicated Investment Strategy.

 

The attached document is one of a litany of lawsuits associated with the Madoff Ponzi Scheme. The defendants are a veritable treasure trove of hedge funds, feeder funds, associated banks, individuals and so-on and so-on. All have one thing in common – savvy. They are all “big-boys” in Securities parlance.  

We are providing a copy of this lawsuit simply because it illustrates the ease with which Madoff was able to bilk billions of dollars from investors, some of whom are reaping the benefits of Madoff’s savvy, and their own. The Koch brothers are not alone in that category of multi-billionaire beneficiaries.

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Bernie Madoff and the Koch Brothers – Irving Picard’s Efforts at Recovery Thwarted – Money Held Abroad…

The Madoff Judge’s Ruling Setting a Reprehensible Legal Precedent: Invest if you are savvy because the courts will protect you. If you are not, you are S.O.L.

The Koch Brothers and other investors who hold millions, if not billions abroad are being permitted to keep money that in our view should be available for all of the people who were defrauded by Madoff. Irving Picard, the attorney acting as Trustee for the Bankrutpcy estate and a strong advocate for recovery for those most affected by Madoff’s scheme, argued that the money should be disgorged (returned to the bankruptcy estate). The judge, contrary to Picard’s argument disagreed. We believe that this judge set a very toxic precedent by ruling as he did. The message: “If you invested through “feeder funds” or other similar entities which hold money abroad, that money cannot be brought back.”

In other words, the most savvy investors can manipulate the law (if not the court system) to the detriment of the ordinary “non-savvy” investors. Are the less savvy investors not the people the US Securities Laws are designed to protect?

Kochs and Other Madoff Investors Are Winners in Fight Over Profits Held Abroad

http://www.nytimes.com/2016/11/22/business/dealbook/kochs-and-other-madoff-investors-are-winners-in-fight-over-profits-held-abroad.html?_r=0

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