Joan Juliet Buck | 04/03/2009 11:00 am
Joan Juliet Buck: Who Does Bernard Madoff Remind You Of?

© AP
I have been wondering who Bernard Madoff reminds me of. Because, for all his evil deeds, there was something weirdly attractive and reassuring about his demeanor.
I wondered what it was. The flyaway gray hair, the tight line of the mouth — who did he look like? What was this strange, almost historic elegance? Why did his face — dear God! — reassure me? Why did the face of this criminal stranger look so intensely familiar, as if I had seen it every single day?
Oh my God …

Madoff/Dollar Bill © AP/Wikipedia
























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I’m afraid you are right…. :-(
We were given the opportunity to invest with Madoff in the mid 1990’s. The person (a public figure so I won’t mention his name) who suggested our names to Madoff has lost far, far more than we lost, as have many members of his family and other people (and their families) who are much closer friends of this person than we are. We invested, fortunately, only a portion of our savings and, every month, we received a very detailed six-page statement that listed, with numbers and prices (bought and sold), all the shares that we "owned" in Fortune 500 companies. During the course of each month, we received other paperwork, which indicated the sale of various stocks. Our nest egg increased by 8 to 10% per year, which, at the time, was not very different from the increase in the value of our other investments. We paid capital gains taxes on our "earnings," we never took a penny out, and we had no reason to believe anything other than the fact that we had invested in a small mutual fund that served private investors who, for the most part, were very much richer than we are. We had hoped to leave a substantial sum to our children - that’s all. Would you have known it was a scam? Only if you were Harry Markopolos!
Sam, in no way am I putting you down, But for someone to be recommend so highly, you have too think, what is really going on. Is it too presumtuous too say he was reading the same statements, from the same Fortune 500 companies as you. Only getting his statement a little earlier than you? Or did he also invest in a Fortune 500 company.
I feel for all who has lost money! I’m sitting here broke myself wondering, just how many persons trusted this man? I have always been told " Do not trust a person that SMILE so much!" and I’m 60, and still believe, you can not trust those who smile all the time, they are hiding something.
phyllis
I gotta hand it to you, nobody can say it like you can:
"demonic dunce with the hide of an ox and the sensitivity of an embalmer."
"ruthless meathead"
Eloquent down to earth zingers. LOL
Sam
Geesh - that must leave you feeling so powerless. Sorry.