Page 8 - Ponzi Schemer News Today

Original depositors. this is the best investment in history. >> no, you cant see. i have both been on the buy side -- i ran a hedge fund, and the sell side. i worked as a broker at goldman. it would be almost impossible to detect the in-out like that. and theres always an excuse for it. and theres the confidentiality issue of it. these are very sensitive things. you know, you call bernie madoff and say i dont understand the money in-out, he pulls the wire. or he says the sec was just in here, wh...

Average of nearly $1.5 million each. miami vice, his lifestyle seemed to steal a page from it. $400,000 for courtside tickets at miami heat basketball games. wonder if shapiro has a toilet seat made of gold? scott rothstein did. the convicted ponzi schemer from ft. lauderdale. he pleaded guilty to a $1 billion swindle. mr. minimadoff will find out how much time he will spend in the slammer. they were trying to take over his cars and bank accounts. a run on the run, not for health but for orpha...

He scammed people out of something like $8 billion. >> to be exact. >> exactly right. this is so damning because what this particular report shows, courtney and brian, is that the sec back in the 1990s, they had people inside the organization that said, you know, that guy is a ponzi schemer. back in the 1990s and there were four more times when people said, you know what? hes running the ponzi scheme, they could have stopped it, they did not. >> does the sec not care as much about individuals? >...

Subprime mortgage. subprime mortgages back before the market collapsed. they set up a fund, meanwhile, of subprime mortgages and told everyone, go ahead and buy it. especially two huge banks so they said this is fraud. were going to -- were going to go -- go ahead with charges. meantime, people say what about the timing? how great was it that goldman-sachs comes up and turns out that they have corruption charges on them? at the same time, the president says here is my idea for reform. theres tru...

They were texting or running to catch a train. later in february there will be more exercises with simulated gunfire and explosions and you can bet commute letters in the those. david, back to you. >> indeed, kim letterby suitors a scene this morning at union station on capitol. thanks for the report. big crime stories unfolding at this hour a key lieutenant to convicted ponzi schemer bernie madoff given up his posh new jersey home and everything in it so it be given to those cheated by his fo...

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Obama administration gave stens of millions of dollars to goes bankrupt. the wife of ponzi schemer bernie madoff breaks her silence on "60 minutes." nothing would make me suspect anything. >> do you believe her? well tell you what we think. "the five" starts right now. ♪ ♪ >> kimberly: right now to our top story. herman cain answering harsh allegations. reports say the g.o.p. presidential candidate was inappropriate with two unnamed female employees. this is back in the 90s when head of the ...

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To participate in their end of the deal. for that, innocent people continued to pay the price, and talk about adding insult to injury, those same banks and hedge funds are now jumping into the claims process, hoping to get a piece of the settlement pie. you cant make it up. there is no question bernie madoff should pay the price for his ponzi scheme, but shouldnt we all be asking why anyone else in this entire situation, let alone the mortgage fraud, the lists, the whole problem, shouldnt somebo...