Filed under: Uncategorized
Much like a vile Santa Claus doppelganger(my computer doesn’t know how to attach the little german dots above the ‘a’), midtown hoaxer Bernie Madoff( yes, pronounced made.off ) has simply managed to make $50 billion of investor cash disappear. Even more unfathomable is how, according to authorities, Madoff was able to helm his ship of treacherous treasury without aid. This claim of autonomy amid one of the largest snake oil schemes of its time is certain to raise a lot of eyebrows and subsequently dislodge more than a few monocles, but what will the end result ultimately mean for the little guy? What will become of the absconded money and/or the complicit parties. In todays climate of enigmatic headlines it’s easy to imagine that the lost securities and accomplices will simply go the way of the solar eclipse or the STD of the mouth, relegated to shroud in the history books, never to be understood by common man.
Now short of doing a moderate amount of research this periodical has exhausted it’s resources and come up stymied on all fronts, save one culmination.
The Securities and Exchange Commission operates as a protector with the blind faith of less than savvy investors whose trust is comparative in stride with worshippers of Jesus, condoms or any number of metaphors used to pad an anemic publication. This monumental breakdown of Madoff regulations leaves many wide-eyed social care recipients and well intentioned stragglers calling for blood, but whose blue blood? A quick visit to the SEC or Madoff websites will result in utter confusion to the lay person.
Lay people like the boxers who trained at the Riverdale Academy in the Bronx. Their gym’s mortgage fund had been invested and they will now need a new punching bag. Not people like baseball team owning Fred Wilpon who lost an undisclosed amount, but people like baseball bat owning couple Roger and Diane Peskin, who lost their life savings. These people will likely see little satisfaction unless they were to go to Mr. Madoff’s residence in person in search of answers. His residence at 133 East 64th street in Manhattan, where he is confined every night under court order.
Perhaps some sort of grief closure might at least be found through a support group of victims. A possible meeting place would be the SEC New York Regional Office between the hours of 9-5.
This guy below might be of help.
Mark Schonfeld, Regional Director
3 World Financial Center, Suite 400
New York, NY 10281-1022
(212) 336-1100
e-mail: newyork@sec.gov …eh, I’m bored with this one now.
