Page 5 - Ponzi Schemer News Today

Crude moves up and down. the oil industry does get tax breaks as many companies in the other industries. its not clear that its anything more than short-term health. we want the know are the higher gas prices changing the summer driving plans? what do you want washington to do? log on to foxnews.com/americashq. we love to hear from the viewers. >> shannon: well check back with you. thank you. >> thanks. >> the victims of ponzi schemer bernie madoff have a little something to toast to. his eclect...

Catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, lets drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that bernie madoff was a ponzi schemer? >> he says he should have known. >> based on what? >> based on a variety of factors starting with the fact that madoff paid steady, very steady, suspiciously steady returns for year after year after year. 10% to 12%. >> my bank pays me stea...

Back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they dont have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, lets drill down to the one fac...

Have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they dont have to give back their profits. they have to give back their principal, which would be a catastrophe ...

>> shes back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans, youre winning. >> is she the king maker or the queen? and baseball and ponzi schemes. >> i got it, i got it, i got it! >> jeff toobin say the new york mets and bernie madoff used to be on the same team. can the mets survive and win again, or will they strike out? >> youre out of here! then, the financial meltdown. whos th...

let me ask you, dont you love your freedom? >> shes back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans, youre winning. >> is she the king maker or the queen? and baseball and ponzi schemes. >> i got it, i got it, i got it! >> jeff toobin say the new york mets and bernie madoff used to be on the same team. can the mets survive and win again, or will they strike out? >> youre out of h...

it is so good to be here. let me ask you, dont you love your freedom? >> shes back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans, youre winning. >> is she the king maker or the queen? and baseball and ponzi schemes. >> i got it, i got it, i got it! >> jeff toobin say the new york mets and bernie madoff used to be on the same team. can the mets survive and win again, or will they str...

stories were digging into tonight. it is so good to be here. let me ask you, dont you love your freedom? >> shes back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans, youre winning. >> is she the king maker or the queen? and baseball and ponzi schemes. >> i got it, i got it, i got it! >> jeff toobin say the new york mets and bernie madoff used to be on the same team. can the mets su...

matter how painful they might be. after some initial frustration voiced by those families, officials are in overdrive trying to provide answers. we will talk with one official trying to help. but first, here are the other stories were digging into tonight. it is so good to be here. let me ask you, dont you love your freedom? >> shes back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans...

Newspaper interview where he said the only reason he continued the ponzi scheme was because he wanted his clients to keep benefiting. >> hes continuing to lie -- he seems incapable of telling the truth. i think at some point people live a lie constantly the burden of that begins to fuse into their own reality. i have looked in great detail about why people do what they do. you see short-term gain and, of course, as one character in the book says, once you start to lie, you have to keep on lying ...