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Bernie Madoff swimming swindling naked
NakedShorts — ... Madoff charged with secruities fraud by Amir Efrati, Tom Lauricella And Dionne Searcey The Wall Street Journal Dec. 11 2008 Bernard Madoff Charged by U.S. Prosecutors With Fraud by David Glovin Bloomberg Dec. 11 2008   ...

A $50 Billion Fraud? So Where is the Money?
naked capitalism — ... in years that appeared to be good, but if the profits had been risk adjusted, were not so hot. But a Ponzi scheme is all about fraud, all about taking as much out for yourself as possible (well, that is also the name of the game on Wall Street generally, but the rent-seeking is presumed to be on the back of an underlying legitimate activity) So where did the dough go? And Madoff had to know this would blow up. Wonder why he didn't flee to Panama. From the Wall Street Journal: Bernard L. Madoff, a former chairman of the Nasdaq Stock Market ...

$50B? Congratulations!
Phil’s Stock World — ... Madoff charged with secruities fraud by Amir Efrati, Tom Lauricella And Dionne Searcey The Wall Street Journal Dec. 11 2008 Bernard Madoff Charged by US Prosecutors With Fraud by David Glovin Bloomberg Dec. 11 2008   ...

How Did Bernie Madoff Do It -- And For How Long?
gary-weiss.com — ... , in which he listed stocks that were supposedly in his portfolio? Did he actually own those stocks? I have no idea. But I can say that if the hedge fund industry had any hope of fending off regulation--well, that has just about vanished. It also may be a nail in the coffin of the SEC, whose incompetence in just about every area under its purview is growing more apparent with every passing day. The Wall Street Journal reports today: An executive in the securities industry, Harry Markopolos, contacted the SEC's Boston office in May 1999, urging regulators to investigate Mr. ...

Mission Statement
The Epicurean Dealmaker — In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner's name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm's hallmark. — Bernard L. Madoff Investment Securities LLC website * * * Only two things are infinite, the universe ...

Friday links: hidden tech fortune
Abnormal Returns — ... Post-auto bailout failure, what next?  (DealBook, The Stalwart, Real Time Economics) A truly stunning “giant Ponzi scheme.”  (WSJ.com) Some have questioned Madoff’s performance for quite some time.  (Clusterstock, NakedShorts, TheStreet.com, Barrons.com via Woodrow, Dealbreaker, Market Movers ...

3 Thoughts on the Madoff Fraud
Business Pundit — Here’s a recap of the Madoff case, from the Wall Street Journal: Bernard L. Madoff, a former chairman of the Nasdaq Stock Market and a force in Wall Street trading for nearly 50 years, was arrested by federal agents Thursday, a day after his sons turned him in for running what they said their father called “a giant Ponzi scheme.” The Securities and Exchange Commission, in a civil complaint, said it was an ongoing $50 billion swindle, and asked a judge to seize the firm and its assets. “Our ...