Results 1 to 10 of 18
Thread: 60 Mins - Madoff money tracking
-
September 27th, 2009, 07:46 PM #1
60 Mins - Madoff money tracking
Not sure if anyone watched this or not but wow... they clearly said they are going to track down anyone who benefited and get it back, even if it means that the people will be bankrupted.
"More then half of the people that dealt with Madoff made money". Anyone that has been over payed may be "claw backed". Any "big winners" clearly knew of the fraud and are going to get in trouble
Over 350 people have already been notified of claw back. Many more can expect to have this happen.
I wonder if the IRS is going to refund all tax money that was paid on earning from the Madoff scheme....
somehow I doubt itLast edited by Dredly; September 27th, 2009 at 07:49 PM.
The first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.
Be prepared, because someone else already is and no one knows their intent except them.
-
September 27th, 2009, 08:27 PM #2Banned
- Join Date
- Dec 2007
- Location
-
Behind You, Watching, Always Watching
- Age
- 66
- Posts
- 5,410
- Rep Power
- 0
Re: 60 Mins - Madoff money tracking
Actually it's not up to the IRS, these people will need to send in amended returns and if they are due a refund on what they paid they will get it.
Trust me, the investors of Madoff have accountants that know how to do this stuff and do it well.
-
September 27th, 2009, 09:46 PM #3
Re: 60 Mins - Madoff money tracking
The first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.
Be prepared, because someone else already is and no one knows their intent except them.
-
September 27th, 2009, 10:19 PM #4
Re: 60 Mins - Madoff money tracking
I get kind of a weird feeling about Madoff, because yeah, he's a POS scam artist, but the same media that love wringing their hands about him scamming people for millions adding up to billions are either ignorant about, or unwilling to ask questions about where the trillions of dollars in bailouts are going/ have gone. Too bad we can't 'clawback' those funds...
Steve762
-
September 27th, 2009, 11:21 PM #5
Re: 60 Mins - Madoff money tracking
The first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.
Be prepared, because someone else already is and no one knows their intent except them.
-
September 28th, 2009, 09:50 AM #6
Re: 60 Mins - Madoff money tracking
BTW, I was a little tired when I wrote this, but I was specifically referring to the Federal Reserve's loans of $2 Trillion dollars to unidentified banks. Even when Bernanke was reappointed, for the average Joe watching network news, there's no mention of any controversy about the fed, how they operate, what they do, or that their secrecy.
Steve762
-
September 28th, 2009, 10:47 AM #7Banned
- Join Date
- Dec 2007
- Location
-
Behind You, Watching, Always Watching
- Age
- 66
- Posts
- 5,410
- Rep Power
- 0
Re: 60 Mins - Madoff money tracking
-
September 28th, 2009, 11:10 AM #8
Re: 60 Mins - Madoff money tracking
I forget who said it or where I heard it, but it was one of the financial guys being interviewed about Madoff. It was something to the effect of "Well the problem with regulators is that those who are doing the regulating are never as sharp and clever as those they regulate. If you are sharp you work in the private sector. If you can't hack it there you work for the Federal Government. Regulators will always be a step behind even if they have the best of intentions. Unfortunately many times they may even be on the take."
-
September 28th, 2009, 11:34 AM #9Banned
- Join Date
- Dec 2007
- Location
-
Behind You, Watching, Always Watching
- Age
- 66
- Posts
- 5,410
- Rep Power
- 0
Re: 60 Mins - Madoff money tracking
-
September 28th, 2009, 11:56 AM #10
Similar Threads
-
Not enough money to fund Asteroid tracking
By Dredly in forum GeneralReplies: 1Last Post: August 14th, 2009, 10:03 AM -
Bernard Madoff gets maximum 150 years in prison
By tlgpa in forum GeneralReplies: 27Last Post: July 1st, 2009, 06:48 PM -
Gun Tracking
By JohnIRS in forum GeneralReplies: 11Last Post: March 13th, 2009, 02:53 PM -
tracking your gun
By chrs.mayer in forum GeneralReplies: 11Last Post: June 13th, 2008, 10:57 PM -
Para PXT 1911 SSP does a heat test - 1000 rounds in 10 mins
By thirtyonebravo in forum GeneralReplies: 2Last Post: January 21st, 2008, 07:28 AM
Bookmarks