Stock Scams That Madoff With Your Money!
Investors put their faith in the likes of Bernard Madoff, and this faith was betrayed! Barnard Madoff (Charles Ponzi 2) has become a real shame considering the current state of things in the financial markets. Today Madoff Type Stock Scams have hurt many people all over the globe.
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the 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!
The striking resemblance of Barnard Madoff to Charles Ponzi is shocking. Both orchestrated a massive fraud that would put them in the history books and in prison for years, no small thing to do even in the world of crime. So at this point some of us are left poorer because of them, but as the saying goes "Experience Is What You Get When You Didn't Get What You Wanted" and we must learn from this experience because we don't want to go from Stock Investors to Apple Stand Sales Jobs.
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 all get taken for a ride sometimes. However, you can keep this from happening by making smarter financial decisions. Hedge Funds have a lot of risks associated with them. It is almost always better for individual investors to put their money in low-cost Mutual Funds, Bank CD's or Gold. It is less risky and easier to keep public information track of when it goes up or down. Of course in 2009 you may just want to leave your money in the bank! (c) 2009 William R. Wiedow Ph.D. - 23229
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the 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!
The striking resemblance of Barnard Madoff to Charles Ponzi is shocking. Both orchestrated a massive fraud that would put them in the history books and in prison for years, no small thing to do even in the world of crime. So at this point some of us are left poorer because of them, but as the saying goes "Experience Is What You Get When You Didn't Get What You Wanted" and we must learn from this experience because we don't want to go from Stock Investors to Apple Stand Sales Jobs.
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 all get taken for a ride sometimes. However, you can keep this from happening by making smarter financial decisions. Hedge Funds have a lot of risks associated with them. It is almost always better for individual investors to put their money in low-cost Mutual Funds, Bank CD's or Gold. It is less risky and easier to keep public information track of when it goes up or down. Of course in 2009 you may just want to leave your money in the bank! (c) 2009 William R. Wiedow Ph.D. - 23229
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 scams using his contacts in over 34 countries. His insightfull articles on business and investing can be found at: madoffwiththemoney
posted by X - Men @ 3:44 AM
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