Comments:Market maker Bernard L. Madoff arrested in $50B 'giant Ponzi scheme'
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$50B 'giant Ponzi scheme'? Former chairman of the Nasdaq Stock Market? Scary! The economy is a regular horror story these days. (And top points to Wikinews for timely reporting) --77.75.161.35 19:54, 12 December 2008 (UTC)
The funds were MISSING? How does $17.1 Billion disappear just like that? Further, how does a company filled with people hired to handle this money simply not know what's going on upstairs? Could he really be the only one responsible? —The preceding unsigned comment was added by 207.225.232.131 (talk • contribs)
- The money didn't disappear. Those who left the snowball-system, early enough got the money from those who missted to get out. This system broke after another investor asked for his $7B Dollar. -- 87.162.79.9 15:31, 13 December 2008 (UTC)
Madoff is a cub scout compared to the big boys!!!
[edit]We just gave Wall Street $350 BILLION with NO Strings. Nobody in congress even knows where it went or for what!
The plutocrats have been using our money to aquire smaller banks, for lavish executive rereats and multi million dollar bonuses! The folks in smalltown USA are still being forclosed on and kicked out of their homes by these same fat cats.
People are being layed off right and left because Bankers will not finance factories. Consumer confidence is at an all time low for the past 20 years and nobodys buying anything.
Big oil gouged folks up to $5 a gallon in my home town just a few weeks ago. Everybody is afraid they'll do it again anytime they feel like it, so nobody is still driving much.
Hey just peal off another $50 billion from Uncle Sam's Bank roll and throw it down this rabbit hole too! PerryO206.24.48.1 19:59, 13 December 2008 (UTC)
How can this man get bail??
[edit]The man is accused of stealing BILLIONS of dollars and a judge gives him bail of just 10 million dollars. He's surely paying bail with other people's money. My bank has 3 BILLION at stake in this investment outfit and the stupid judge lets him out on bail! Is that American justice??? I would have thought that for fraud on this scale (which on the face of it he seems to be admitting) bail should have been denied. He should be behind bars now.
Craig Gutowsky Illinois Ponzi Scheme
[edit]Craig Gutowsky Illinois Ponzi Scheme Info on the Arrest of Craig Gutowsky Cary, Illinois PEOPLE OF THE STATE OF ILLINOIS -VS- Craig Gutowsky Case Number 2010CF000225 Craig M Gutowsky was charged with 7 felonies involving THEFT BY DECEPTION WITH INTENT TO DEPRIVE – $100,000 -$500,000 and SECURITIES VIOLATION . Renee Gutowsky was not yet charged in this Illinois Ponzi .Craig Gutowskys is out on $150,000 bond and is working at Pre-owned Dealer Elite Motors Mundelein, Illinois.