spyguy Posted September 26, 2016 Share Posted September 26, 2016 That Duncan Ballantynes on telly, revisiting old houses. Now, hes a good example of someone who, when its all netted up, probably has a 0 value. Maybe even negative. Branson is another. Lucked out on the planes, sold for the cash, must e running out. Who else? Link to comment Share on other sites More sharing options...
The XYY Man Posted September 26, 2016 Share Posted September 26, 2016 Most of the Walter Mitty stock-market players on the main forum... XYY Link to comment Share on other sites More sharing options...
spyguy Posted September 26, 2016 Author Share Posted September 26, 2016 I barely notice that. I have the odd read of the IIIforum for hhe new Potash mine. Ive tried explaining that 99% of AIM companies are a con. Link to comment Share on other sites More sharing options...
Turned Out Nice Again Posted September 26, 2016 Share Posted September 26, 2016 Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 26, 2016 Share Posted September 26, 2016 I think the past 10 years has been a boom for lots of the 'entrepeneurs' - the clever ones have probably sold into the boom and made squillions. I think Branson is a prime example of this as is the BHS bloke. Both are now living in sunnier climes and very wealthy no doubt. As long as IRs remain ultra low any dubious 'rich' people will continue to be OK. We will only find out the fakers and charlatans when IRs rise. What is a charlatan though. I watched a Sky interview today where some young bloke in the US was having a go at being made bankrupt in the past. It was the sort of look down your nose kind of thing that public sector workers do in this country IMPO. In truth, many of the world's richest and best business people have gone bust several times. I recall watching a 'Wicker's World' many years ago where he visited the US and looked at Brits doing business in the US. He talked to a Brit who had opened a distrillery and the Brit said something like "They don't respect you here until you have gone bankrupt a few times.". When IRs rise a lot of business people hailed as gurus will go bankrupt, and no doubt they will be ridiculed as being crooks or dodgy, but I susppect that most of them will be people who simply took a risk and went out on a limb. I abhore the public sector mentality in the UK where public sector types think that every business person is dodgy. Wish I had come to this conclusion when I was 16 and not until my 40s. Link to comment Share on other sites More sharing options...
One-percent Posted September 26, 2016 Share Posted September 26, 2016 As they say tmt, when the tide goes out, we will be able to,see who,was swimming naked Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 26, 2016 Share Posted September 26, 2016 7 minutes ago, One-percent said: As they say tmt, when the tide goes out, we will be able to,see who,was swimming naked Yep. The low IR environment has saved vast numbers of people. If we are honest it probably would have saved Bernie Madoff and his kids if he had just had a bit more time. Link to comment Share on other sites More sharing options...
One-percent Posted September 26, 2016 Share Posted September 26, 2016 1 minute ago, The Masked Tulip said: Yep. The low IR environment has saved vast numbers of people. If we are honest it probably would have saved Bernie Madoff and his kids if he had just had a bit more time. Screwing the rest of us over Link to comment Share on other sites More sharing options...
knock out johnny Posted September 26, 2016 Share Posted September 26, 2016 4 minutes ago, The Masked Tulip said: Yep. The low IR environment has saved vast numbers of people. If we are honest it probably would have saved Bernie Madoff and his kids if he had just had a bit more time. Wasn't Madoff's crime that he robbed the banks as opposed to everyone else? and hence an example had to be made Link to comment Share on other sites More sharing options...
One-percent Posted September 26, 2016 Share Posted September 26, 2016 3 minutes ago, knock out johnny said: Wasn't Madoff's crime that he robbed the banks as opposed to everyone else? and hence an example had to be made If so, my hero! Link to comment Share on other sites More sharing options...
knock out johnny Posted September 26, 2016 Share Posted September 26, 2016 9 minutes ago, One-percent said: If so, my hero! Enjoy! https://en.wikipedia.org/wiki/List_of_investors_in_Bernard_L._Madoff_Investment_Securities Madoff investor investor type potential exposure source Fairfield Sentry (Fairfield Greenwich Group) US investment firm; Madoff feeder fund $7.5 billion firm statement/Wall Street Journal (WSJ)[8] Grupo Santander Spanish bank $3.5 billion El Pais Kingate Management Bermuda hedge fund; Madoff feeder fund $3.5 billion Bloomberg Rye Investment Management (Tremont Group) US hedge fund; Madoff feeder fund $3.1 billion WSJ[8] Bank Medici of Austria Austrian bank $2.8 billion Bloomberg Ascot Partners US hedge fund; Madoff feeder fund $1.8 billion WSJ[8] Access International Advisors US hedge fund; Madoff feeder fund $1.4 billion Bloomberg Fortis Bank Nederland Dutch bank $1.35 billion firm statement/WSJ[8] Thema Fund Irish hedge fund; Madoff feeder fund $1.1 billion[9][10] media reports HSBC British bank $1 billion firm statement/WSJ[8] Genevalor Benbassat & Cie Swiss bank; Madoff feeder fund $935 million Le Temps Aurelia Finance Swiss bank; Madoff feeder fund $800 million Le Temps Union Bancaire Privée Swiss bank $700 million WSJ[8] Natixis French bank $600 million Bloomberg Royal Bank of Scotland British bank $600 million published reports Sterling Equities investment firm $500 million New York Post BNP Paribas French bank $475.3 million Bloomberg BBVA Spanish bank $404 million Reuters Fix Asset Management US alternatives firm $400 million firm statement Ruth and Carl J. Shapiro US individuals $400 million WSJ RMF (Man Group) UK hedge fund $360 million firm statement/WSJ[8] Nomura Japanese broker $358.9 million WSJ[8] Reichmuth Matterhorn Swiss private bank $330 million Bloomberg Normal Holdings $302 million StreetInsider.com Pioneer Alternative Investments Irish alternatives firm $280 million Bloomberg Maxam Capital Management US fund of hedge funds; Madoff feeder fund $280 million WSJ[8] J.P. Jeanneret Associates investment adviser $250 million The Post Standard (www.syracuse.com) EIM Group European bank $230 million Le Temps/WSJ[8] Ira Rennert US individual $200 million FINalternatives Bank Austria Austrian bank $192.1 million Der Standard Tremont Capital Management (Tremont Group) US fund of hedge funds $190 million firm statement M&B Capital Advisers Spanish money manager $187.9 million El Mundo Jerome Fisher (Nine West founder) individual $150 million media reports Carl and Ruth Shapiro Family Foundation charity $145 million Boston Globe Yeshiva University US Jewish university endowment $140 million Bloomberg Aozora Bank Japanese bank $137 million WSJ[8] AXA French insurer less than $135 million Reuters Crédit Mutuel French bank $124 million Bloomberg Dexia Franco-Belgian bank $106.9 million firm statement UniCredit Italian financial firm $100 million Bloomberg Hadassah Jewish charity $90 million WSJ[8] Unione di Banche Italiane Italian bank $84.9 million Bloomberg Nordea Swedish bank $65 million Reuters Hyposwiss Private Bank Genève Swiss private bank $50 million Reuters/WSJ[8] Korea Life Insurance Co. Korean insurer $50 million Yonhap News Banque Benedict Hentsch (fr) Swiss private bank $47.5 million firm statement Royal Dutch Shell Anglo-Dutch pension $45 million Reuters Great Eastern Holdings Singapore bank $43.9 million Reuters Town of Fairfield, Connecticut US pension fund $42 million WSJ[8] Royal Bank of Canada Canadian bank $40.4 million Globe and Mail Wolosoff Foundation charity $38 million FINalternatives Bramdean Asset Management asset manager $31.2 million WSJ[8] family of Sarah Chew family office $30 million Time Mortimer B. Zuckerman Charitable Remainder Trust (New York Daily News owner's charity) US charity $30 million CNBC Arthur I. and Sydelle F. Meyer Charitable Foundation charity $29.2 million Palm Beach Post Sumitomo Life Insurance Co. Japanese insurer $22 million WSJ[8] Madoff Family Foundation charity $19 million WSJ Los Angeles Jewish Community Foundation Jewish charity $18 million WSJ[8] Foundation for Humanity (Elie Wiesel's charity) charity $15.2 million WSJ[8] America-Israel Cultural Foundation US-Israeli charity $15 million New York Times[11] KSM Capital Advisors investment firm $15 million Indianapolis Business Journal The Phoenix Holdings Israeli financial services company $15 million firm statement Harel Insurance Investments and Financial Services Israeli insurer $14.2 million WSJ[8] Alicia Koplowitz individual $13.7 million Europa Press Groupama French insurer $13.6 million firm statement Société Générale French bank less than $13.5 million Reuters Bâloise Swiss insurer $13 million WSJ[8] Lautenberg Family Foundation charity $12.8 million media reports Credit Agricole French bank less than $12.32 million WSJ[8] Kas Bank bank $12.3 million firm statement Marion and Elie Wiesel US individuals $12 million WSJ Massachusetts Pension Reserves Investment Management US pension $12 million Reuters Mitsubishi UFJ Financial Group Japanese financial institution $11 million Bloomberg Richard Spring individual $11 million WSJ[8] Hampshire County Council pension $10.7 million IPE RAB Capital hedge fund $10 million WSJ[8] Richard Roth individual $10 million FINalternatives United Jewish Endowment Fund Jewish charity less than $10 million JTA Banco Popolare Italian bank $9.86 million WSJ[8] Korea Teachers Pension Korean pension $9.1 million WSJ[8] Robert I. Lappin Charitable Foundation Jewish charity $8 million Washington Post Michael Roth individual $7.5 million FINalternatives Chais Family Foundation Jewish charity $7 million WSJ Jewish Federation of Greater Los Angeles Jewish charity $6.4 million media reports Technion-Israel Institute of Technology Israeli university $6.4 million Globes Vincent Tchenguiz British individual $6.3 million FINalternatives The Ramaz School Jewish school $6 million WSJ[8] Irwin Kellner (named plaintiff on first lawsuit against Madoff) individual $6 million lawsuit Julian J. Levitt Foundation Jewish charity $6 million WSJ North Shore-Long Island Jewish Health System US pension fund $5.7 million WSJ[8] Stony Brook University Foundation US university endowment $5.4 million Bloomberg David Berger individual $5 million FINalternatives Maimonides School (Boston) Jewish school $5 million Bloomberg Neue Privat Bank Swiss bank $5 million WSJ[8] Congregation Kehilath Jeshurun (New York) synagogue $3.5 million WSJ[8] Dorset County Pension Fund UK pension $3.5 million LocalGov.co.uk Caja Madrid bank $3.1 million Cinco Días Clal Insurance Israeli insurer $3.1 million WSJ[8] Merseyside Pension Fund pension $3 million media reports New York Law School US law school $3 million lawsuit Roger Peskin individual $3 million AP Swiss Reinsurance Co. Swiss reinsurer $3 million WSJ[8] Frank Black investor less than $3 million lawsuit Global Specialised Opportunities 1 Bermuda fund $2.8 million fund statement Banca March bank $2.7 million Cinco Días American Friends of Yad Sarah Jewish charity $1.5 million WSJ[8] Caisse des dépôts et consignations French bank $1.38 million Bloomberg Robert and Sarah Chew individual $1.2 million Time SAR Academy (New York) US school $1.2 million Bloomberg News Harold Roitenberg individual $1 million Minneapolis Star-Tribune Ira Roth US individual $1 million WSJ[8] Arnold and Joan Sinkin individuals $1 million The Guardian Steven Abbott individual less than $1 million WSJ Allegretto Fund hedge fund $790,000 firm statement Mediobanca Italian bank $671,000 WSJ[8] Stanford Financial Group International financial services firm that managed a Ponzi scheme separate from the Madoff Ponzi scheme $600,000 (£400,000) The Times Allianz Global Investors German investment firm n/a Citywire Austin Capital Management fund of hedge funds n/a Reuters AWD financial services provider n/a Citywire Kevin Bacon and Kyra Sedgwick (actors) US individuals n/a New York magazine Banesto Spanish bank n/a Reuters Ed Blumenfeld (Long Island real estate developer) US individual n/a Long Island Business News Norman Braman (former Philadelphia Eagles owner) US individual n/a WSJ Chair Family Foundation charity n/a FINalternatives Engelbardt family family office n/a Variety Erste Bank bank n/a Der Standard Fair Food Foundation charity n/a Crain's Detroit Business Leonard Feinstein (Bed Bath & Beyond co-founder) individual n/a Newark Star-Ledger Stephen Fine individual n/a Reuters Barbara Flood individual n/a National Public Radio Avram and Carol Goldberg (Stop n Shop founders) US individuals n/a Reuters Joyce Z. Greenberg individual n/a Houston Chronicle Bank Gutmann AG bank n/a Citywire members of the Hillcrest Country Club (St. Paul, Minn.) US individuals n/a Star-Tribune INTAC Global Preservation Hedge Portfolio (via Rye Investment Management) fund of hedge funds n/a fund documents JEHT Foundation US charity n/a statement Henry Kaufman (former chief economist at Salomon Brothers) US individual n/a WSJ KBC Bank Belgian bank n/a firm statement Sandy Koufax US individual n/a Associated Press Knowsley MBC pension n/a LocalGov.co.uk Rodger Krouse (co-founder of private equity firmSun Capital Partners, Inc) US individual n/a New York Times[12] Last Atlantis Capital Management fund of hedge funds n/a fund documents Kenneth and Jeanne Levy-Church (donors to Fair Food and JEHT foundations) individuals n/a Jewish Journal Leonard Litwin US individual n/a Bloomberg Liverpool City Council UK pension n/a LocalGov.co.uk LLBW bank n/a Citywire Loeb family family office n/a CNBC Mirabaud bank n/a Le Temps The Moriah Fund charity n/a FINalternatives MorseLife charity n/a Palm Beach Post Notz, Stucki & Cie bank n/a Le Temps members of the Oak Ridge Country Club (Hopkins, Minn.) US individuals n/a Star-Tribune Optimal Investment Services (Grupo Santander) alternatives firm n/a Bloomberg Palm Beach Country Club US country club n/a CNBC Eric Roth (screenwriter) US individual n/a Los Angeles Times St. Helens MBC UK pension n/a LocalGov.co.uk Sefton MBC UK pension n/a LocalGov.co.uk SNS Reaal Groep financial services firm n/a Bloomberg family of former New York Gov. Eliot Spitzer US individuals n/a Clusterstock.com Symphony Fund (via Pioneer Alternative Investments) fund of hedge funds n/a fund documents Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner) US individual n/a WNYT television Thyssen family family office n/a Clusterstock.com UBS Swiss bank n/a Reuters Lawrence Velvel (dean emeritus,[13] Massachusetts Law School) US individual n/a WSJ Wilpon family (New York Mets owner) family office n/a WSJ Wunderkinder Foundation (Steven Spielberg's charity) charity n/a WSJ Louis van Gaal (football manager) individual €6 million De Telegraaf If you're gonna go down, take 'em with you As I said - he fcked with the big boys Link to comment Share on other sites More sharing options...
One-percent Posted September 26, 2016 Share Posted September 26, 2016 2 minutes ago, knock out johnny said: Enjoy! https://en.wikipedia.org/wiki/List_of_investors_in_Bernard_L._Madoff_Investment_Securities If you're gonna go down, take 'em with ou As I said - he fcked with the big boys Feck! No wonder they took him down, there are a lot of banks on that list. Couldn't think of a more deserving lot lol. Next, soros? Link to comment Share on other sites More sharing options...
ARIMA Posted September 26, 2016 Share Posted September 26, 2016 LvG for EUR6m - must have been a lifetime's savings! Aside from that Madoff clearly worked his Jewish connections for investors. What a snake that bloke was... Link to comment Share on other sites More sharing options...
John The Pessimist Posted September 26, 2016 Share Posted September 26, 2016 Having skimmed the list, Golman Sachs are notable for their absence. Link to comment Share on other sites More sharing options...
Venger Posted September 29, 2016 Share Posted September 29, 2016 On 26/09/2016 at 9:16 PM, One-percent said: As they say tmt, when the tide goes out, we will be able to,see who,was swimming naked Where you watching them from at the moment? My position has been overwhelmed by floods of QE. Don't think I'll be able to see anything from treading water even further out. Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 29, 2016 Share Posted September 29, 2016 Hampshire County Council for $10m? What on earth were they doing putting money into a fund like Madoff's? Link to comment Share on other sites More sharing options...
crashmonitor Posted September 29, 2016 Share Posted September 29, 2016 8 hours ago, thecrashingisles said: Hampshire County Council for $10m? What on earth were they doing putting money into a fund like Madoff's? Does it matter they have the council tax payer as back up to fund the promised super duper gold plated pension packages of their officers. I guess knowing you are gambling with the council's residents money rather than your own is a enough good incentive to give Madoff a bash. Link to comment Share on other sites More sharing options...
knock out johnny Posted September 29, 2016 Share Posted September 29, 2016 57 minutes ago, crashmonitor said: Does it matter they have the council tax payer as back up to fund the promised super duper gold plated pension packages of their officers. I guess knowing you are gambling with the council's residents money rather than your own is a enough good incentive to give Madoff a bash. Didn't a uk local authority lose a shedload of money when the bank when t!ts up in Iceland? Link to comment Share on other sites More sharing options...
ccc Posted September 29, 2016 Share Posted September 29, 2016 Yep one definately did. Cant remember which one. Link to comment Share on other sites More sharing options...
Frank Hovis Posted September 29, 2016 Share Posted September 29, 2016 58 minutes ago, knock out johnny said: Didn't a uk local authority lose a shedload of money when the bank when t!ts up in Iceland? Loads did on the face of it but a preferential deal was agreed and they were getting it paid back over time with a decent return. I don't know whether this was confidential or just not publicised. Link to comment Share on other sites More sharing options...
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