My Meeting with Bernie: "Reputational Risk" a Big Concern for Madoff, Says James Altucher

I hope his wife goes to jail too.

Of course reputation is the most valued commodity for Madoff, that's all they can sell!

WOW THEY SHOULD PRESS CHARGES, WHY HAVE THEY NOT, 15.5 MILL LOT OF BUCKS TO STEAL !!!!!!!!!!!!

Madoff stole from the Rich. Gee is he in trouble, an unforgivable act. The Bankers stole from the average American and brought our economy on its knees/ guess what...They are getting Bonuses.

Our entire system became a Ponzi Scheme, where many Made-Off with unearned profits, from R/E in particular.

Graphic appears to be wrong. It says 15B when it was story actually 15M. Still pretty crappy and certainly proves others were complicit. He tried to take the full blame himself. Watch how many others get taken down with him.

Happy Thursday Gang, Happy Thursday America!!! Wall street traders are doing a great job selling off useless junk and overpriced companies. Keep up the good work. Sell every useless asset on the board. Market movers are waiting for the super duper crash to make a move. Go ahead "make my day", and crash the market. Uncle Sam has little or no real value playing short term moves. Uncle Sam is doing the "monkey" while long term guidance remains intact. Every sell off spells future gains for market wise investors. BUY BUY BUY SELL SELL SELL. Buy/Sell psychology remains strong for real valuation and long term guidance. Eat beans and call your financial planners. ROCK n ROLL. Good luck today and God bless those who invest in America.

Lock up his wife, too.

FOOLS AND THEIR MONEY, ARE SOON PARTED!! WHEN A CROOK FOOLS EVERYONE, EVERYONE IS A FOOL!! Charities or anyone, with this amount of money invested, who does not request "AN INDEPENDENT CPA AUDITED FINANCIAL STATEMENT" is and was, asking for trouble "by looking the other way because of the guys track record". Any honest person would be happy to provide information for an independent CPA Audited Statement. The fact that all these "investors" allowed themselves to "see what was not there" is the Childrens Story: The Emperors New Clothes. Please read it you will get a great and simple picture and story of how "spin" fools not only the masses, but, the fool emperor himself. Everyone thought he had on a beautiful suit of clothes, when in fact he was stark naked for all the world to see"- "he was so fooled by his "tailor" that made him the most beautiful suit,when in fact there was no suit at all.......

james you are a complete jerk. your friend never has a down week, and you would have invested in "mad-of" if you would have gotten into the door. you would never see a cent of my dough. people like you.....how did you get people trusting you in the first place? one of the worst bla-bla i ever heard on ticker. flippen scam artist!

It is frightening to hear Mr. Altucher mention that there are other crooked funds on Wall Street that the public will likely never hear about. The more I hear about Wall Street lately the more it resembles a rigged casino. Can you imagine if we had allowed the neo-cons to privatize Social Security?

The biggest Ponzi scheme is Social Security. Did I miss the part where the perps of that one went to jail?

I worked with a company that brought their credit card business in house. As soon as I heard that Madoff said he did this all on his own I did not believe it. I saw how much was involved just to produce the statements and knew he had to have help. That people believed this for even a minute is beyond my comprehension. JL

his whole family was involved, OBVIOUSLY, to everyone but the judge and his lawyers.....lolol

I suspect Madeoff has some terminal disease and this is his way of getting famous before he dies. Had he not told on himself, he would not have been caught. He could have claimed a "black swan" event, with the global economic troubles, could have gated his investors and charged off losses. So just how many investment funds are really scams? More than you think.

If you stole a candybar where would you be??????

if you type in "cpa" to the search box at http://www.uslaw.com/madoff you not only get a list of over 200 cpa's that steered their clients to this felon, but also their address and picture of their house. why doesn't the fbi start knocking on these doors? what is WRONG with this country?

Someone should go Saudi on her and take one of her hands.

Madoff didn't want to be lumped into the "Strange Hair" category. Other than that, Madoff didn't/doesn't have any reputation except "Thief" so I don't know what he was thinking. Wonder how his wife will like it in jail.

The media cares more about Madoff than the average person. Most people could care less about one rich guy ripping off another. The real fraudsters are the banks, its disgraceful that congress is down on their knees pleading the CEOs to be nice boys after the verbal abuse doled out on the auto CEOs. I guess thats what you get if you're an industry that actually provides some benefit to the reviled middle class as opposed to taking us for all we're worth.