A little info from James Dowling about Rolex & their association with Maddoff

[SLS]

http://online.wsj.com/public/resourc...list020409.pdf

I hope I am not breaking forum rules, check out the sticky on TZ MRF.

Hope this clears some things up!

~Scott

[bodybump]

scott..what are those?? its too small to read...

[SLS]

Originally Posted by bodybump

scott..what are those?? its too small to read...

Clients associated with Maddoff.....P.H. and Rolex are not listed.
~Scott

[STEELINOX]

!

[SLS]

Originally Posted by STEELINOX

my names on there !

Sorry Randy, it was for the better good!
~Scott

[bodybump]

Originally Posted by SLS

Clients associated with Maddoff.....P.H. and Rolex are not listed.
~Scott

WOW!!! i was trying to see if Joe and JJ names are in there...

[SLS]

Originally Posted by bodybump

WOW!!! i was trying to see if Joe and JJ names are in there...

Oscar...can you tell me again the "proper" spelling of your last name!
~Scott

[chicagowatchman]

I am under the understanding that that list is US only and if rolex was hit it will come out later when overseas lists are unvailed

[SLS]

Well, there are addresses from Canada & Hong Kong....so I am not sure.
~Scott

[Andad]

I though alphabetical by first name was genius.

[onkyo]

Wow, very hard to look at all those people/companies that we taken by this pos. He should fry.

[MrCowboy99]

look at those that were greedy.

[diablojota]

Originally Posted by MrCowboy99

look at those that were greedy.

Seeking an investor who will make you money isn't being greedy. Especially when the idiot who is investing the money has the ability to make you feel like your investment is safe. The greedy one was Madoff, everyone else was diversifying their money.

[onkyo]

Originally Posted by MrCowboy99

look at those that were greedy.

Many older people invested their life saving into him. Money they earned working their entire lives.

Charities also invested in him.

So why do people invest money...... because they are greedy. No. To keep up with or exceed inflation.

THINK before you speak (type).

[BigHat]

For those that were inclined to read 163 pages of small type, can you tell me if all of those that invested through feeder funds, like Rolex would have, are listed too?

[BigHat]

Originally Posted by onkyo

Many older people invested their life saving into him. Money they earned working their entire lives.

Charities also invested in him.

So why do people invest money...... because they are greedy. No. To keep up with or exceed inflation.

THINK before you speak (type).

Maybe greedy is the wrong word, I think of them as naive.

From what I've read, many of the individuals / fund managers come across as though they thought themselves "special" for being selected by Maddoff to take their money and give them an unrealistic rates of return even during periods of overall market decline.
Did they think they were a cut above the "little people" that had to buy CDs and mutual friends because they were cronies of his? Were they happy to "keep up with or exceed inflation"? Nope they wanted much more than the prevailing rates of return clearly evident in the market. Come to think of it, greedy and stupid pretty well covers it.

[londonbagpuss]

Yes some were greedy, yes some were stupid and thought it was a great deal. BUT a massive amount of people thought that their money was safe, they had no idea it was invested with Madoff, a lot of the people held their money with "normal" high street type banks and invested their money in what they were told was "low risk" so I think you are wrong in blanket marking people as one and the same.

[bodybump]

Originally Posted by SLS

Oscar...can you tell me again the "proper" spelling of your last name!
~Scott

Irani scott my last name is Irani.....

[BigHat]

Originally Posted by londonbagpuss

Yes some were greedy, yes some were stupid and thought it was a great deal. BUT a massive amount of people thought that their money was safe, they had no idea it was invested with Madoff, .

Of course, this is the case. That's why my comments were directed toward "individuals / fund managers." Most of all, the fund managers should have known better. And by individuals I'm referring to the Hollywood elite, golf club cronies of Maddoff, and those with direct investing relationships.

I'm far from snickering that these people got robbed, it's just that I don't find them entirely free of responsibility. They should have sensed it was too good to be true or did they think rich people are entitled to defy the realities of the market? It's also quite interesting to see the the CPAs scurrying around examining 2005 and later tax returns to see if they file amendments to recoup money that the average taxpayer will now have to pay.