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Mad-Off course!

As if the current financial crisis was not good enough, a ponzi scheme run by a former NASDAQ chief has shaken the financial world by its sheer magnanimity... It's not everyday that someone fools' you off of $50 Billion!!

And even more bizzare is the fact that his own ilk turned him in!

According to Wall Street Journal:

"The 70-year-old Mr. Madoff is the founder and primary owner of Bernard L. Madoff Investment Securities LLC. The firm is primarily known for its business in market-making, or serving as the middleman between buyers and sellers of shares. But Mr. Madoff also oversaw an investment-advisory business that managed money for high-net-worth individuals, hedge funds and other institutions.

According to the complaints, Mr. Madoff ran the investment advisory as a secretive business, independent from the firm's proprietary trading and market-making operations. The SEC complaint said that the alleged fraud was run through this arm of Mr. Madoff's company."
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Comments

  1. Anonymous18 December, 2008 19:28

    RC, u turned lazy after getting married, lazier after becoming a 'father', and I dont knw wat xactly will take u to bcome d laziest.. no proper updates, only some 'cut-copy'...
    and "fools'"?? -- grammar man!!
    no hard feelings. ;)
    hope u guys r all fine...
    take care dude..

    ReplyDelete
  2. Anonymous08 January, 2009 19:35

    Ah! Common man, give him a break!

    The kid ain't gonna give the father the time nor the space for a few updates to the blog.

    Anyways, ya shoulda put something about the Satyan saga up on ya blog, old mate.

    See Ya!
    Just Another US User

    ReplyDelete
  3. Anonymous09 January, 2009 14:05

    Hope i am visiting ur blog after a long time..i can say a month.. i donno what is wrong with u with no frequent updates..
    but can say u will lose all the visitors soon. as i will be the first in the list.
    sorry if i have hurt u.
    take care.

    ReplyDelete
  4. Anonymous14 January, 2009 20:14

    RC,

    Ma Bro, Man;

    Ya gotta take life easy, just as it comes. No rush here dude, just let it come and then the sudden rush at the end.

    But ma instinct tell me tht ya ain't going to go down easily Bro.

    'nyways tell ma regards to da kidz and family will ya.

    See Ya!
    Just Another US User

    ReplyDelete

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