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Giordano Bruno

Bernard Madoff: 65 Billion Dollar Swindle

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Did we ever find out where the money went? Was it to Mossad and the State of Israel? O r the Russian oligarchs/mafia (6 of the 7 are Jewish).

Just what do you do with $65 billion to make it disappear? It is not actually possible to spend it, is it.

I'm no expert but I believe that when a ponzi scheme collapses it's because the people withdrawing are too many for the new 'feeders' joining to fund. So apart from the expenses and cream-offs that Madoff took himself and paid to staff, I think the rest would have gone into paying off withdrawers. So the punters who pulled out early got most of it. Just my take.

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I'm no expert but I believe that when a ponzi scheme collapses it's because the people withdrawing are too many for the new 'feeders' joining to fund. So apart from the expenses and cream-offs that Madoff took himself and paid to staff, I think the rest would have gone into paying off withdrawers. So the punters who pulled out early got most of it. Just my take.

Wasn't Madoff paying 10% per annum interest to his big 'early' investors for many, many years before the bust? They thought he was a genius, giving a market beating return year after year.

They thought he was a brilliant investor, while he wasn't investing funds at all. Just paying the first clients with later punters funds.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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