Madoff's investors will get at least half their $$ back! - GoFuckYourself.com

DateDoc · 12-18-2010, 12:09 AM

Many of Bernard Madoff's victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme.

Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion in October 2009. Picower was the single biggest beneficiary of Madoff's fraud.

U.S. Attorney Preet Bharara called the forfeiture the largest in Justice Department history and a "game changer" for those swindled by Madoff. He commended Picower's widow, Barbara, "for agreeing to turn over this truly staggering sum, which really was always other people's money."

http://finance.yahoo.com/news/72B-is...73026.html?x=0

$tandaman · 12-18-2010, 03:19 AM

congrats to all the winners

JFK · 12-18-2010, 03:52 AM

lets see what they actually get back

scubadiver626 · 12-18-2010, 04:36 AM

Who the hell needs and hoards 7 billion!? People with anymore than a billion are retardedly rich and it should philanthropised... or given to me for safe keeping.

kristin · 12-18-2010, 05:00 AM

Good for her, lets hope they get some back.

GetSCORECash · 12-18-2010, 06:55 AM

How is 10 billion half of 65 or. 75 billion?

DateDoc · 12-18-2010, 07:36 AM

Quote:

Originally Posted by GetSCORECash

How is 10 billion half of 65 or. 75 billion?

From the article, "The settlement means roughly half of the $20 billion that investors entrusted to Madoff has now been recovered, authorities said."

wehateporn · 12-18-2010, 03:12 PM

Quote:

Originally Posted by scubadiver626

Who the hell needs and hoards 7 billion!? People with anymore than a billion are retardedly rich and it should philanthropised... or given to me for safe keeping.

It definitely messes up the system when people sit on that kind of money rather than letting it flow through the channels

VikingMan · 12-18-2010, 03:28 PM

By the time the victims actually see that money in their bank accounts the USD will be devalued greatly from where it is today.

Barefootsies · 12-18-2010, 03:33 PM

Good to hear. Now they can come in off the ledge.

CybermedAndy · 12-18-2010, 03:36 PM

GREAT news

Never woulda guessed in a million years they would have seen cent 1

wehateporn · 12-18-2010, 04:14 PM

Madoff made his money by manipulating investors, whereas Soros manipulates the market, which is a lot harder to prove. Both just as bad

JustDaveXxx · 12-18-2010, 04:17 PM

Congrats to the losers.

tiger · 12-18-2010, 04:46 PM

It will be years before they get their hands on anything and watch how many hands get to that money first.

Coup · 12-18-2010, 08:14 PM

Quote:

Originally Posted by wehateporn

Madoff made his money by manipulating investors, whereas Soros manipulates the market, which is a lot harder to prove. Both just as bad

All this soros hate is kinda funny. he's literally no different than any other wall street douche bag except he uses his money to fund the left wing, instead of right.

SmokeyTheBear · 12-18-2010, 08:39 PM

after lawyers fees they will each get a free cone at mcdonalds ( extra $ if you want it dipped )

woj · 12-18-2010, 08:45 PM

that's more than anyone will get back from epass

strobi · 12-19-2010, 03:52 AM

Quote:

Originally Posted by scubadiver626

Who the hell needs and hoards 7 billion!? People with anymore than a billion are retardedly rich and it should philanthropised... or given to me for safe keeping.

Boat run expensive you know :-)

SGS · 12-19-2010, 04:48 AM

It's very hard to hide money now.

Paul Markham · 12-19-2010, 05:32 AM

Correct me if I'm wrong. If you're caught growing Pot in your back garden and selling to your neighbor you risk losing everything.

If you're caught swindling billions from innocent people you risk losing what? Beside your liberty.

Madoff and his wife should be penniless and anyone else who got their hands on the money swindled.

wehateporn · 12-19-2010, 06:02 AM

Quote:

Originally Posted by Coup

All this soros hate is kinda funny. he's literally no different than any other wall street douche bag except he uses his money to fund the left wing, instead of right.

It is very strange to see the mainstream media turning on him like they have. He's someone who's been in the shadows for so many years. The only reason I use him as an example is as most of you will now have heard of him, but of course there are far worse people. (Rockefeller etc)

For me left and right doesn't mean much these days, it's the bankers who rule and they'll get their way one way or the other. The President is little more a Burger King manager, whereas the Bankers control the Franchise; they make the Real Decisions

12-18-2010, 12:09 AM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Madoff's investors will get at least half their $$ back! Many of Bernard Madoff's victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme. Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion in October 2009. Picower was the single biggest beneficiary of Madoff's fraud. U.S. Attorney Preet Bharara called the forfeiture the largest in Justice Department history and a "game changer" for those swindled by Madoff. He commended Picower's widow, Barbara, "for agreeing to turn over this truly staggering sum, which really was always other people's money." http://finance.yahoo.com/news/72B-is...73026.html?x=0 __________________

12-18-2010, 03:19 AM	#2
$tandaman Pimping 8EZ Industry Role: Join Date: Jun 2001 Location: New Jersey Posts: 3,529	congrats to all the winners __________________ CentroProfits.com - Make money with 3000+ Models! ModelCentro.com - Multiple award winning hosted CMS designed to run solo model sites, with affiliate program built in. Launch your model site in 24 hrs or less! FanCentro.com - Premium social network for SWs & Fans!

12-18-2010, 03:52 AM	#3
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	lets see what they actually get back __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

12-18-2010, 04:36 AM	#4
scubadiver626 Confirmed User Join Date: Oct 2006 Posts: 1,034	Who the hell needs and hoards 7 billion!? People with anymore than a billion are retardedly rich and it should philanthropised... or given to me for safe keeping. __________________ AsiaMoviePass My Best Rebilling Site

12-18-2010, 05:00 AM	#5
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	Good for her, lets hope they get some back. __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

12-18-2010, 06:55 AM	#6
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	How is 10 billion half of 65 or. 75 billion? __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

12-18-2010, 03:28 PM	#9
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,528	By the time the victims actually see that money in their bank accounts the USD will be devalued greatly from where it is today.

12-18-2010, 03:33 PM	#10
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Good to hear. Now they can come in off the ledge. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

12-18-2010, 03:36 PM	#11
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12-18-2010, 04:14 PM	#12
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12-18-2010, 04:17 PM	#13
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12-18-2010, 04:46 PM	#14
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	It will be years before they get their hands on anything and watch how many hands get to that money first. __________________

12-18-2010, 08:39 PM	#16
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	after lawyers fees they will each get a free cone at mcdonalds ( extra $ if you want it dipped ) __________________ hatisblack at yahoo.com

12-18-2010, 08:45 PM	#17
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12-19-2010, 04:48 AM	#19
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12-19-2010, 05:32 AM	#20
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Correct me if I'm wrong. If you're caught growing Pot in your back garden and selling to your neighbor you risk losing everything. If you're caught swindling billions from innocent people you risk losing what? Beside your liberty. Madoff and his wife should be penniless and anyone else who got their hands on the money swindled. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70