Madoff lite..Only 8 Billion this time.

Discussion in 'Free Speech Alley' started by DRC, Feb 19, 2009.

  1. DRC

    DRC TigerNator

    Joined:
    Oct 11, 2003
    Messages:
    4,745
    Likes Received:
    374
    Same ole shiit, another blood sucking scumbag.

    Is this stuff really the tip of the iceberg? I have a feeling it is.

     
    DRC, Feb 19, 2009
    #1
  2. LSUMASTERMIND

    LSUMASTERMIND Founding Member

    Joined:
    Nov 15, 2007
    Messages:
    12,992
    Likes Received:
    2,461
    Whats crazy about this is, they cant find the guy. Also they say he owes 200 million in taxes.
     
    LSUMASTERMIND, Feb 19, 2009
    #2
  3. CarolinaTiger61

    CarolinaTiger61 Recently Repatriated

    Joined:
    Oct 13, 2008
    Messages:
    250
    Likes Received:
    49
    Maybe Obama could appoint him to his Cabinet.

    Just kidding. Kinda.
     
    CarolinaTiger61, Feb 19, 2009
    #3
  4. tirk

    tirk im the lyrical jessie james

    Joined:
    Feb 4, 2004
    Messages:
    47,369
    Likes Received:
    21,536
    my parents have every cent of their lifetime savings wrapped up in this group.


    good luck to them.
     
    tirk, Feb 19, 2009
    #4
  5. Tigerbnd05

    Tigerbnd05 National Champs 2003 2007

    Joined:
    Aug 5, 2003
    Messages:
    1,231
    Likes Received:
    69
    so far its just certificates of deposits. I have family friends that had all their finacials going through Stanford as well. If they were diversified, they should be ok and only lose what they had in those CD's. While everything else is frozen from what I have heard, they should be able to get access to it eventually.
     
    Tigerbnd05, Feb 19, 2009
    #5
  6. CarolinaTiger61

    CarolinaTiger61 Recently Repatriated

    Joined:
    Oct 13, 2008
    Messages:
    250
    Likes Received:
    49
    CarolinaTiger61, Feb 19, 2009
    #6
  7. LSUMASTERMIND

    LSUMASTERMIND Founding Member

    Joined:
    Nov 15, 2007
    Messages:
    12,992
    Likes Received:
    2,461
    Im sorry to hear that, I hope everything goes ok with them.
    I love your avatar.
     
    LSUMASTERMIND, Feb 20, 2009
    #7
  8. red55

    red55 curmudgeon Staff Member

    Joined:
    Oct 21, 2002
    Messages:
    45,195
    Likes Received:
    8,736
    That could be rough, for sure. Diversification is basic to investing. Surely they have funds spread out and not just in Stanford CD's?
     
    red55, Feb 20, 2009
    #8

Share This Page