Madoff gets 150 years

[Winehole23]

Buried in a report released yesterday by the Government Accountability Office (GAO) was a stunning piece of news. Customers of JPMorgan Chase, the bank that Wall Street analyst Mike Mayo has preposterously called the “Lebron James of banking,” were major victims of Bernie Madoff’s Ponzi scheme – to the tune of $5.4 billion – because of negligence on the part of the bank. The report states the following:


“In 2014, DOJ [Department of Justice] assessed a $1.7 billion forfeiture – the largest penalty related to a BSA [Bank Secrecy Act] violation – against JPMorgan Chase Bank. DOJ cited the bank for its failure to detect and report the su ious activities of Bernard Madoff. The bank failed to maintain an effective anti-money-laundering program and report su ious transactions in 2008, which contributed to their customers losing about $5.4 billion in Bernard Madoff’s Ponzi scheme.”

http://wallstreetonparade.com/2016/0...ion-to-madoff/

[TDMVPDPOY]

http://wallstreetonparade.com/2016/0...ion-to-madoff/

whats 5.4b compensation, but no...the illuminati wouldnt want to pay it back when they control 600t wealth

[Winehole23]

the fees alone would be massive. 1% to 2% yearly adds up to serious money for the appropriately credentialled pro, from the well-feathered client.

[coyotes_geek]

He dead. Didn't quite make it to 150 years served.

NEW YORK (AP) — Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.

https://news.yahoo.com/ap-source-pon...132840501.html

[Spurtacular]

It's only okay for the Jews to do Ponzi schemes under the guise of govt.

[RandomGuy]

He dead. Didn't quite make it to 150 years served.



https://news.yahoo.com/ap-source-pon...132840501.html

smell you later. too bad he didn't suffer more.

[RandomGuy]

It's only okay for the Jews to do Ponzi schemes under the guise of govt.

dajoos

you have gone full on whackadoodle, fake snow boi.

[baseline bum]

It's only okay for the Jews to do Ponzi schemes under the guise of govt.

Wow did nazi see that one coming

[spurraider21]

[boutons_deux]

Andy Borowitz

At Mar-a-Lago Flies At Half-mast For Bernie Madoff

[MultiTroll]

if accurate, pretty impressive how much the court appointed hound dog has been able to retrieve so far?
Investors actually seeing any of it?

[coyotes_geek]

if accurate, pretty impressive how much the court appointed hound dog has been able to retrieve so far?
Investors actually seeing any of it?

Sounds like it. Impressive indeed.

Bernie Madoff's victims to receive another $488million payout from recovered funds meaning they have now recovered 80% of their $17.5billion losses

https://www.dailymail.co.uk/news/art...80-losses.html