The New Charles Ponzi of The 21 Century!
It seems true to say, Barnard Madoff is the new Charles Ponzi. Investors put much faith in Madoff and considering the current state of things in the fanancial markets, it is a real shame that this man could betray so many good investors! At this point Madoff Type Stock Scams have really impacted countless people around the globe.
What a insane lost of some 50 Billion Dollars! This from the same man who was the Chairman of the NASDAQ and a financier second none. Well he just admitted to mastering this Ponzi Stock Scam.
Wallstreet and Mainstreet have been ruined by this kind of corruption! So future stock investors be warned! Because this is a text book lesson and we must learn from these types of scams to avoid this terrible financial lost in our investing years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
Eventually Ponzi's entire edifice did collapse. This is precisely what happened when Bernard Madoff orchestrated this corrupt stock scheme. We can learn a few important lessons from this saga, and we had better do so if we want to avoid getting the wool pulled over our eyes again!
Diversification is the the one and only answer to these criminals because these Madoff Type Stock Scams only work with ignorant stock investors that do not diversify. It would seem to be a no-brainer for investors but the rule should be Don't Put Every Single Dollar of Your Assets in One Investment Just Because It Looks Really, Really Good! You may end up being very very sorry you did!
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
First off, if you need help right now because you are a Madoff Victim you can go to: madoff-help.com You should not feel too bad about this, remember Madoff suckerd the best banks savvy brokers and professionals who should have avoided this guy like the plague! Common Sense tells all of us That You Are Taking A Risk When You Invest and on top that The SEC was next to useless in The Madoff Affair?
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23221
What a insane lost of some 50 Billion Dollars! This from the same man who was the Chairman of the NASDAQ and a financier second none. Well he just admitted to mastering this Ponzi Stock Scam.
Wallstreet and Mainstreet have been ruined by this kind of corruption! So future stock investors be warned! Because this is a text book lesson and we must learn from these types of scams to avoid this terrible financial lost in our investing years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
Eventually Ponzi's entire edifice did collapse. This is precisely what happened when Bernard Madoff orchestrated this corrupt stock scheme. We can learn a few important lessons from this saga, and we had better do so if we want to avoid getting the wool pulled over our eyes again!
Diversification is the the one and only answer to these criminals because these Madoff Type Stock Scams only work with ignorant stock investors that do not diversify. It would seem to be a no-brainer for investors but the rule should be Don't Put Every Single Dollar of Your Assets in One Investment Just Because It Looks Really, Really Good! You may end up being very very sorry you did!
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
First off, if you need help right now because you are a Madoff Victim you can go to: madoff-help.com You should not feel too bad about this, remember Madoff suckerd the best banks savvy brokers and professionals who should have avoided this guy like the plague! Common Sense tells all of us That You Are Taking A Risk When You Invest and on top that The SEC was next to useless in The Madoff Affair?
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23221
About the Author:
William R. Wiedow Ph.D. Has had 25 years of experence as a Stock Broker Day Trader and Private Stock/Futures Newsletter Writer. Dr.Wiedow has had a life long passion for uncovering business and investing frauds using his contacts in over 34 countries. His insightfull articles on business and investing can be found at: madoff
posted by X - Men @ 2:12 AM
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