Page 12 - Ponzi Schemer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You know, but did they lose capital? i'm sure, i'm confident that when this thing is all finished, very few people, if any, will lose their principal. he went on to tell this reporter that sometime after 1987 when the market was going against him he put his investors' money in 2% earning treasuries but was giving them 15% and 20% returns and he kept having -- he just sort of got into this vicious cycle. but he -- >> is that how he justifies it? >> he sort of justifies it that -- he also says no one ever talks about the good things me and my family did. no one ever talks about the good business...

Than it probably is. valuable scoop, good for them for getting it but you have to take it with a serious grain of salt. this guy is a convicted felon. he is a known ponzi schemer, in jail for 150 year, what else does he have to do but sort of spin tales? >> here's the question, we know the s.e.c. failed. they had people investigating him and should have found what was obvious. one simple request for day-to-day trading records which he could not have jimmied up would have been evidence this was a paper scheme. put yourself in the place of the bank. what due diligence would a bank have done or s...

We reported on it last night. now it turned violent. they clashed with protesters and one person is dead according to reuters. after the tragic news of lara logan being sexually assaulted last week abc news is reporting one of its correspondents miguel marquez was beaten during the military crackdown. details of his status are unknown. turning now to bernie madoff, they had to know. that's what the convicted ponzi schemer said about the banks he dealt with that didn't seem to notice as he dumbed up phony profits totaling in the billions. in a jailhouse interview with "the new york times" he ...

It means getting everything you need to invest for yourself, not by yourself. it means choosing from stocks, bonds, mutual funds, and every etf sold. plus 5-star service and research designed to increase your intelligence, not insult it. so you can wave good riddance to some high-priced joker churning out cookie cutter portfolios. price is one thing. value is another. don't confuse the two. e-trade. investing unleashed. we're back with that man, bernie may dolphin. broke his silence, telling "new york times" the big banks and hedge funds out there that did business with him had no problem tu...

And there's always an excuse for it. and there's the confidentiality issue of it. these are very sensitive things. you know, you call bernie madoff and say i don't understand the money in-out, he pulls the wire. or he says the sec was just in here, which is what i understand he said constantly. you can question me, but the sec gave me a clean bill of health. >> well, a high-level risk management officer for jpmorgan chase sent an e-mail to colleagues that said, i am sitting at lunch with a bank executive who just told me there's a well-known cloud over the head of madoff and that his returns a...