Do You Want to Laugh...Swindler Madoff wants out of jail

[Betallsports]

Here's a couple of Teachers....Those's POS's

Diane Peskin said she took “cold comfort” in Thursday’s proceedings. Peskin and her husband invested $3.2 million with Madoff from the proceeds of selling their business, which published a guide to gallery exhibitions around the country. Peskin’s husband has been severely depressed and not functioning well, which she said has been heart-wrenching for their 10- and 13-year-old children. “He’s just not the same person,” she said.

Two school teachers invested $100,000 of their life savings to Madoff’s scheme. “He seemed to be on the cutting edge of a lot of things,” said Louis Kelsch, a retired high school math teacher, explaining why he chose to invest with Madoff.

“On paper he seemed to have good ideas.... If he was a legitimate brokerage he would have done pretty good.” Kelsch speculated that Madoff needed accomplices to manufacture the false statements and transactions sent to his investors. “A lot of computer work goes into creation of the statements. I don’t think that is his specialty and he probably hired some savvy people. He would have had to give them instructions to carry them out.”

You Just got to Love Those POS Teachers hno:

 

[Betallsports]

Rail !! Found Another POS Investor..This one is a Couple from Long Island
Not even from the "Gold Coast" of Long Island.

Last December, after former Long Island residents Ronnie Sue and Dominic Ambrosino parked their RV for the winter in Surprise, Ariz., they got the shock of their lives.

The couple had just finished a trip of a lifetime up through British Columbia to the Arctic Circle in Alaska. They visited Denali National Park and Preserve. They hiked and they biked and they marveled at the wildlife.

And then their world fell apart.

Radio and TV stations began broadcasting the news of Bernard Madoff's massive Ponzi scheme. Ronnie Sue was passing time making jewelry in a kiln at the RV park when she first heard about it. She found it difficult to understand the breadth of the deception.

The couple, who had invested their savings with Madoff, had lost $1.66 million.

"I was hoping he just got arrested for a traffic infraction," Ronnie Sue Abrosino said of her initial reaction to the news. "I couldn't grasp the hugeness of it all."

The Ambrosinos -- like so many others tantalized by the idea of easy money during the mortgage refinancing boom -- had refinanced their Bay Shore home. By refinancing, they were able to pull out equity from their home and invest it with Madoff.

Later, in 2004, they decided to take time to enjoy themselves. So, they sold their home, invested 90 percent of the sale proceeds with Madoff and began roaming the country in their RV.

"We wanted to follow the wind, follow the sun," said Ronnie Sue, 56, a former computer analyst, who asked a federal judge in Manhattan on Thursday not to release Madoff on bail when the shamed financier admitted he ran a Ponzi scheme. Madoff went straight to jail and is now at the Metropolitan Correctional Center in Manhattan.

Now, Ronnie Sue, who grew up in Levittown, and Dominic, 48, a retired New York City corrections officer who hails from Brooklyn, Holtsville and Shirley, are trying to figure out how to make ends meet.

The couple learned about Madoff through Ronnie Sue's first husband and slowly put their money into the financier's account over the years.

"We saved our money because we knew we wanted to live a good life," Ronnie Sue said. "It was an easy investment because I felt safe and didn't have to worry about it."

The Ambrosinos said they intend to recover some of their investment. Meanwhile, Ronnie Sue tries not to use her cell phone because the service is too expensive now -- the couple is becoming adept at cutting corners.

Ronnie Sue said she and Madoff victims want to persuade Congress to pass legislation so that the Securities Investor Protection Corp., which maintains a reserve fund authorized by Congress to help investors at failed brokerage firms, gives victims more money to make up for their losses.

SIPC has a maximum payment of $500,000 per individual from any money the government recovers. But Ambrosino and others say the cap is based on 1970s financial figures and doesn't take inflation into account.

"We believe SIPC is misreading their statute," Ambrosino said.

And Ambrosino also wants the Internal Revenue Service to pay back some of the taxes that Madoff investors paid on investments.

She said investors should have been told about Madoff "the first day the SEC was warned."


WOW, What a POS Investors !!

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03-21-2009, 12:49 PM #16
Railbird
The Great Govenor of California




Join Date: Feb 2001
Posts: 14,433
Blog Entries: 6

--------------------------------------------------------------------------------

Quote:
Originally Posted by Railbird
Im tired of all these crybabys that lost money.


MY post was edited why? I will saying it again. The victims were GREEDY, GREEDY, GREEDY. GREEDY. The GOT WHAT THEY DERSERVED. GET OVER IT.

Please dont edit my posts.

IS Madoff a pos? ok he is. So were the "VICTIMS"

 

[Railbird]

Betallsports,

The first one ONLY invested 3.2 MILLION. I feel real sorry for him.

 

[Railbird]

2nd one only lost 1.6 Million.

Got anything else besides some whining crybaby bitches.

 

[Betallsports]

Betallsports,

The first one ONLY invested 3.2 MILLION. I feel real sorry for him.

You must have Missed the one in the Middle :think2: Do you Wear Glasses Rail ?

 

[Betallsports]

2nd one only lost 1.6 Million.

Got anything else besides some whining crybaby bitches.

SOOOOOO, Because They Worked For YEARS, One as a New York City corrections officer and the Other as a computer analyst...SAVED
Then Invested some......refinanced their Home.....then Invested
Sold their House.....Then Invested

These are Cry babies ????

You Sir are a Very Sick Man, Very Sick Man hno:

 

[Railbird]

Maybe the Vics should not have had a false sense of entitlement. 1.6 Million was not enough? These Senior Citisens went ALL IN. THats their fault.

Furthermore BAS.

MAdoff should be allowed bail. The law is not being followed here. Of course when is it ever in this pos country.

 

[Railbird]

Also a little due dilligence or homework would have helped these people. They were sheep with false sense of entitlement. Again I say fuk em.

 

[barman]

More Brave, Bold pronouncements from behind an anonymous internet ID.

Thank goodness your Hot Political Opinions never face a real, live human audience

 

[punter]

I agree sean. What I can't figure out is that his kids turned him in. Why would they do this if they were a part of it?

The only explanation I can come up with is that they knew they would get caught and this would look good for when they were sentenced.

I'm guessing that they throw enough doubt on it so that the kids and his wife stay outta jail and get to keep part of the fortune. I think that they all are involved up to their eyeballs.

Also wouldn't be surprised if Madoff wind up to be suffering from some ailment and spends little hard time. Could die aka Ken Lay.

 

[cutacrossshorty]

Also wouldn't be surprised if Madoff wind up to be suffering from some ailment and spends little hard time. Could die aka Ken Lay.

 

[Railbird]

More Brave, Bold pronouncements from behind an anonymous internet ID.

Thank goodness your Hot Political Opinions never face a real, live human audience

I share my political opinions daily and say the exact same thing. I tell potheads what they are which is cowards.