'Avoid Another Bernard Madoff'

Avoid Another Bernard Madoff

01/04/09 20:23

No ordinary investor ever suspected Bernard Madoff to be a fraud. This legendary Wall Street financial manager has earned a good reputation throughout the years and nobody would have expected him to turn out to be just managing a large Ponzi scheme instead of making real good investment decisions.

Avoid being tricked by another Bernard Madoff. There are measures that you can do to verify your fund manager's worth.

Link: How to Avoid Getting Burned by the Next Bernard Madoff - washingtonpost.com

Ponzo Scheme made a very wealthy businessman named, Bernard Lawrence Madoff to plead guilty and convicted. He made a fortune of his wealth which led him to own so many properties but now all of it seems to be nothing anymore.A 1969 Rybovich would be a nice addition to the family toys. A 1969 Rybovich is not a classic car, it's a boat, and they retail for about $2 million, a classic luxury yacht. Well, the one that was owned by Bernie Madoff was just seized in order to get some cash advances to the people he ripped off. The bulk of his holdings and property are going to be sold in order to raise funds to make some sort of reparations for the $40 billion he ripped off from clients. Still, a lot of people would need some serious cash advances to afford a 1969 Rybovich .

Name:     (required)
Email:    (required, not published)
Comment: