Where was Spitzer on Madoff. Surely he heard rumblings and accusations

cali

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 10:38 AM
Original message

Where was Spitzer on Madoff. Surely he heard rumblings and accusations

It's clear that those rumblings were around for years. Did self-interest get in the way of Spitzer investigating Madoff? Looks like it may have. The ultra wealthy Spitzer family had beaucoup de bucks invested with Madoff.

Printer Friendly | Permalink | | Top

MannyGoldstein

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 10:54 AM
Response to Original message

1. If He Knew Madoff Was A Scamster, Wouldn't He Pull The Spitzer Fortune Out?

I don't think that he suspected.

I suspect that at least a few more Madoff's will pop out of the woodwork.

Printer Friendly | Permalink | | Top

originalpckelly

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 11:05 AM
Response to Reply #1

3. I think the relationship between NY Democrats and Madoff...

may be troublesome. Just look through this database with the search query "Madoff, Bernard" and you'll find he only donated to Democrats, most of them in NY.

http://fec.gov/finance/disclosure/norindsea.shtml

He's donated over $150,000 to various Democrats, most in NY, according to that database.

Printer Friendly | Permalink | | Top

MannyGoldstein

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 11:22 AM
Response to Reply #3

4. But Would That Stop Spitzer From Pulling His Inherited Millions? nt

Printer Friendly | Permalink | | Top

originalpckelly

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 11:01 AM
Response to Original message

2. Madoff donated only to Democrats, and I suspect some kind of corruption.

The Federal Elections Commission has a database of campaign contributions, and if you look through it for Bernard Madoff, they're all to Democrats. Most of the NY Democrats. And large amounts too.

We know that Madoff admitted to the crimes he was accused of in custody, though that confession may not stand up in court. If he confessed to this, and he is eventually proved guilty, does that not tarnish these people?

I'm telling you, there's very little difference between our side and theirs, when it comes to the politicians at the top.

Printer Friendly | Permalink | | Top

NJCher

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 04:16 PM
Response to Original message

5. Spitzer lost money to Madoff

Can't give you a link but you can Google it. I've been reading extensively about Madoff and I ran across this fact. The article didn't say how much. It was just a short article.

Cher

Printer Friendly | Permalink | | Top

question everything

(1000+ posts) Send PM | Profile | Ignore

Sun Dec-21-08 04:20 PM
Response to Original message

6. There were several people who were suspicious of Madoff

and complained to the SEC, but they did not find anything. Now they speculate that he kept two sets of books.

His sons, who worked with him were not aware of the scheme until he confessed.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Thu May 02nd 2024, 06:25 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.