Suit against Picower (Madoff fraud's largest profiteers)

Discussion in 'Wall St. News' started by 1prometheus, Dec 23, 2010.

  1. madoff investors getting 40% of their money back plus 60% loss is tax deductbile.

    in wall street most pump and dump investment fraud get less than 10% back or worse nothing for individual stocks if the company goe bankrupt.. bagholders of worthless stocks get 0 back. at least madoff investors get back 40%.

    wall street crooks are worse than a ponzi scheme. selling worthles stocks and worthless bonds.

  2. I read abt Picower on wiki, Its all very vague. How did he make so much money as an accountant? seems all a bit shady to me