Le fonds de Madoff aurait fait l’objet de 8 enquêtes en 16 ans

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• 1. Le fonds de Madoff aurait fait l’objet de 8 enquêtes en 16 ans, 5 janvier 2009, 11:33

  Voice of the White House December 31, 2008

  TBR News.org – January 2, 2009

  “The real story of the Bernie Madoff rip-off is being kept under official U.S. lock and key since it has become very evident that most of the stolen funds were sequestered in Israeli banks and with the active connivance of top Israeli government officials.

  Of the 50 billions, give or take, that this scumbag made off with, about 40 are still safe in Israel and will remain secret under current Israeli laws. Because of Madoff’s Jewish political and social connections in the United States, the two SEC “investigations” into allegations of improprieties in his business methodology, were deliberately sequestered.

  There is absolutely no way that even the most cursory audit of Bernie’s books would not have at once exposed the fraud so the lying SEC reports are a strong indication of the immunity this thief had in the highest Bush governmental circles, Bush, himself, had been told of some of this and indicated that the investigations should be squashed because of Bernie’s “close and significant” Israeli government connections.

  The problem with some of this information is that not one word of it will ever be seen in the American media and the swindled will stay that way. If, the Bush people reason, the public ever gets wind of this passive complicity in this immense swindle, an avalanche of lawsuits might well follow. And Bernie ?

  Bernie had accomplices, both in New York, Washington and Tel Aviv. When some of these realize that the 70 year old swindler might decide to plea bargain his way out of a long sentence, poor Bernie will be a dead man. He might fall out of his apartment while washing the windows, kill himself in a fit of remorse or, most likely, suffer the same kind of a very convenient heart attack that killed Ken Lay of Enron, another man with embarrassingly high level connections to the President.

  The hands-off attitude of our useless media in this reeking case of theft and political malfeasance should show the public why both the print media and the television industry in America is rapidly going the way of the SUV.”

  http://www.tbrnews.org/Archives/a2906.htm

  See our Inside the White House archive :

  www.thetruthseeker.co.uk/category.asp?id=41

  A Complete Copy of the Voice of the White House from TBR News April 18, 2004- December 29, 2005

  Last updated 05/01/2009

  http://www.thetruthseeker.co.uk/article.asp?ID=9952

• 2. Le fonds de Madoff aurait fait l’objet de 8 enquêtes en 16 ans, 5 janvier 2009, 16:46

  Wall Street ‘red light’ on Madoff

  By Henny Sender in New York

  Published : January 4 2009 23:31 | Last updated : January 4 2009 23:31

  Large Wall Street firms privately harboured suspicions about Bernard Madoff’s investment business, in some cases steering clients away from dealing with him, but were reluctant to share their concerns with regulators, according to US bankers.

  Banks were sceptical that Mr Madoff could deliver the consistently high returns that he reported, and they were also put off by a lack of transparency at his investment firm. For these reasons, big Wall Street firms are notably absent from the long list of victims of Mr Madoff’s alleged Ponzi scheme.

  Fabio Savoldelli, chief investment officer of Merrill Lynch Investment Management prior to its 2006 merger with BlackRock, sounded the warning internally years ago. One of Merrill’s financial advisers, who deals with clients worth tens of millions of dollars, recalled Mr Savoldelli’s suspicions of Mr Madoff’s returns eight years ago.

  Two years ago, an internal Merrill report drawn up in connection with Merrill’s European fund of funds group, concluded the group should not deal with Mr Madoff, the financial adviser said. “We had a red light on doing business with him. There was no transparency.”

  However, a fear of alienating clients who had invested with Mr Madoff prevented many Merrill executives from voicing their concerns too loudly. “You sell your product but you don’t bad-mouth others. You don’t say bad things about Bernie Madoff. That is where you cross the line,” one former Merrill staffer recalled being told by a senior executive.

  The large surviving investment banks did not put Mr Madoff’s funds on the recommended list of their investment arms and never dealt directly with him in their prime brokerage arms.

  Goldman Sachs Asset Management said it “never felt comfortable with Madoff”, because it “never understood the investment process or the returns ... if clients wanted to invest with him, they did not do it through us”.

  Goldman’s scepticism extended to Tremont Group Holdings, a fund of hedge funds based in Rye, New York, that gave more than $3bn to Mr Madoff through several channels. In 2001, when Tremont was sold to Oppenheimer, the brokerage, Goldman was representing another potential buyer. But Tremont did not let Goldman’s team have a close look at the firm’s operation, so Goldman’s client backed out.

  Goldman never sounded the alarm with regulators. However, investment banks have no obligation to report suspected wrongdoing, lawyers say.

  http://www.ft.com/cms/s/0/135ae9f2-da92-11dd-8c28-000077b07658.html