"2" Things Always Rise to the Top: "CREAM" and "SCUM" ......
Cover "Minnesota Mustelids": May-June 2003
THE SWINDLER'S HALL OF SHAME and Ill - Gotten Gains
Weasel #1: Bernie Madoff
BECAUSE PLUTO IS IN CAPRICORN ... OR ... "WHAT YOU DON'T KNOW" ..... ETC.
Bernard Madoff was arrested on Dec 11th, 2008; because Government Agents seem to be "cleaning house" .
Madoff was running a multi-billion dollar fraud scheme which could turn out to be the largest in Wall Street's History. Madoff founded "Bernard L. Madoff Investment securities" in 1960. He was a HUGE success story.
With money he made as a lifeguard on Long Island, he became (at one point) the largest market maker on the Nasdaq, employing hundreds of traders.
His clients were all extremely wealth and it ws always wondered how his investment firm was able to deliver such unusual high rates of returns to investors.
For Madoff, it was simple.... he was running a Ponzi scheme.
Below is one of the Solar Eclipse Charts which describes just such an event during this time period:
Madoff, now 70 was turned by his 2 sons who worked for their father for 20 years.
For 40 years, Madoff, a former Nasdaq stock Chairman ran a Ponzi Scheme that paid early investors out of the money of later investors with no actual profits being generated by his business. Said Mr Madoff:
"There is no innocent explanation"
Madoff swindled his clients out of $50 Billion+ in investments and now:
Dozens of clients who had been living in luxury over the decades of investing with Madoff are now DESTITUTE. The only assets they have left are the home or apartment they are living in.
The 2 most prominent Hedge funds invested with Madoff were Fairfield Sentry & Kingate Global. There were Europeon & British investors as well. Bramdean Alternatives and UniCredit's Pioneer Alternative Investments. One private Swiss bank had 56 million Swiss francs (47 million dollars) invested with Madoff.
It was "all just one big lie" and "basically, a giant Ponzi scheme."
For years, he had been paying returns to certain investors out of the cash flow he received from other investors. Then.... his sons found out and turned him in. [Carlo Ponzi - Born March 3, 1882 in Lugo Italy]
NOTE - There have been reports of some investors committing suicide after discovering they had been swindled.
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"Mr. Madoff" (Bernard Lawrence Madoff: 4/29/1938 - NYC)
Weasel #2: Former President Bill Clinton
Former President Bill Clinton has been amassing quite a fortune since being in office. Ever wonder how?
Apparently Speeches were not Enough
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The Clinton Foundation has received at least $46 Million for foreign governments as well as additional millions from Foreign Nationals.... people like:
Canadian Mining Executive Frank Giustra; who personally & thru his company gave $30 Million. In 2005, Giustra flew Clinton on his private jet to Karakhstan where they Kazakhstan dinner with the President. Then, shortly thereafter; Giustra had a big uranium contract from Kazakhstan and Clinton had a fat "donation".
Viktor Pinchuk (son-in-law) of Ukraine's deposed President Leonid Kuchma (ousted in Orange Revolution in 2004). He gave Clinton between $1 & $5 Million. What for?
Clinton also got the same amount from Laksmi Mittal (on Forbes List of billionaires & a member of the Foreign Investment Council in Kazakhstan.
SO: Give Clinton between $1-$5 Million and you get ... what? The contracts of your choice?
SO: Now that's Hillary is Secretary of State and wants to be reimbursed from her failed Presidential Run .... What .... now is it her turn to "make the deals"?
SO: "Bill" has raked in at least 1/2 a BILLION ... he ought to have lots of "tips" for Hillary.
How Politicians "strike it rich"
CAN YOU SAY "CONFLICT OF INTEREST?"
UNITAID (controlled by France) donated more than 25 million
AIG, LEHMAN, MERRILL LYNCH, Citi Foundation, General Motors: all needed bail-outs and all paid Clinton.
Stephen Bing (Real Estate) gave Clinton between $10 - $25 Million and so did New York power broker Thomas Golisano and Chicago media honcho Fred Eychaner.
Indian politician Amar Singh who was in on the discussion of an Indian-US Deal to share civilian nuke tech donated the apparently "going rate" of between $1 - $5 million.
OTHERS? TV producer Haim Saban, American Israel Pubic Affairs Committee Board member and "Slim-Fast" founder S. Daniel Abraham. Saudi Billionaire Sheik Mohammed H. al-Amoudi and Nasser al-Rashid kicked in the "going rate". So did the Persian Gulf governments of Kuwait, Qatar, Oman, and Brunei.
One final Note: It has been suggested that "book deals" are another way of surreptitiously funneling money ... "ill gotten gains" ... to politicians or other individuals. Apparently they aren't all making "alll that money" from the actual popularity of their books.
Weasel #3: Sir Allen Stanford
Sir Robert Allen Stanford - DOB: 24 March 1950 in Mexia, Texas
New & Rising Star
The Swindler's "Hall of Shame"
This is "Billionaire Banker" R. Allen Stanford. He was known as a man of charm, wealth, prestige & influence.
He is accused of defrauding 50,000 customers through lying about the rate of return on the Certificates of Deposit he offered through his firm, Stanford Financial...a $50 Billion a Year Business.
He owned the Stanford International Bank (SIB) with branches across the Caribbean and Latin America . His Headquarters was in Houston, Texas. He had regional offices all over the world.
He got away with $8 Billion dollars worth of his Investors' "Certificates of Deposits".
"Meanwhile", Sanford was investing his client's money in high-risk property and private equity ventures.
Sanford got caught through the unwitting efforts of one Alex Dalmady; a Venezuelan financial analyst doing a favor for a friend. His friend asked Mr. Dalmady to check out Stanford International Bank as he was thinking of doing business there. It only took Mr. Dalmady 48 hours to discover the whole thing was a massive fraud & actually published his findings in a Venezuelan magazine where regulators apparently read the article.
Stanford was using the Island of Antigua as a regional banking centre. When news broke that Stanford was a fraud, there was a "run" on the Bank of Antigua.
He was caught on 02-19-2009 in Fredericksburg, Virginia and was served with a SEC complaint .
He was reported to be "very depressed".
Stanford is also under investigation for "allegedly" laundering drug money for Mexico's Gulf Cartel.
Stanford had a fleet of 6 private jets, a 120 foot yacht docked at St. Croix, and a huge mansion in Christiansted, St. Croix.
Since 1989 he had given $2.4 Million in known dollars to political action committees or "pacs". On his website, Mr. Stanford displays a video of himself addressing:
Nancy Pelosi - Democratic Speaker of the House of Congress
Madeleine Albright - Clinton Sec. of State
Howard Dean - Democratic Party Chairman
A Big Sports Fan ... he hung out with golfer Vijay Singh and English footballer Michael Owen. He galvanized West Indies Cricket and brought England to the Caribbean with his offer of a million-dollar-a-player/winners-take-all game against his team of All Stars (Stanford's Superstars). He arrived at Lords by helicopter and then proceeded to "hit" on the pregnant wife of the English Cricketer, Matt Prior and Cricketer teammate Alastair Cook's girfriend.
The Island ofAntigua gave him a Knighthood for his contributions to local business.