Madoff Clawback Nightmare on Wall St,

Discussion in 'Wall St. News' started by stock777, Dec 23, 2008.

  1. Lots of the investors were foreigners. One must wonder how much of this is enforceable in other jurisdictions.
     
    #21     Jan 8, 2009
  2. achilles28

    achilles28

    There should have been clawbacks from Enron.

    Thats stolen property.

    Or would you prefer a thief to keep your stolen car, boat and jewelry after he walks away from a 5 year prison sentence??

    This is no different.

    People have to give back what was stolen from other people.

    And they lost 10 years worth of returns?? Thats their fucking problem for being complacent about a complacent SEC.

    Everyone expects everyone else to do the hard work. Sorry. Thats not how life works.
     
    #22     Jan 8, 2009