Already Burned, Madoff Victims Now Face "Clawbacks"

My wife and i were scamed back in 2004 by Brian Winters and Global Trading in New Jersey. We did not get 1 penny from the assets that were recovered. All we got were notices from the BK attorney for fees that were billled to him for services by third parties. I hope that I may recieve money back if the IRS allows this!

More like 6,500 within the next month.

johnny get real, i like your attitude, but your opinions are not realistic. The first thing they should do is get all that money from Maddoff's wife, and then his sons.

Read the SEC Filings on a daily basis. My advisor states Fraud is an accepted way of doing business in the Stock Market, it is a matter of when you make money don't complain, only, if not! See SEC Litigations #21101, 21105, 21108, 21114, 20861, 20902, 21042, 21044, 21065-66, 21090-92, 21097-98, 20949. All 2009, read and make your decision? Pay the fine, business as usual! Many/all are selling stock as we read!

Dont ever use an investment advisor who doesnt use a third party custodian...."exempt and non exempt assets" also apply to getting Medicaid benefits for Long Term Care and Veterans Benefits for up to 23k per year for LTC"....google veterans benefits, aid and attendance, askcolby.net

When you lack substance..rely on form...Too many think that correcting grammar or spelling on a post lessens the impact of the message...Remember all Twits disguise their insipid vapid thoughts by correcting others...probably a second rate teacher..

Added note: Should have added earlier, if we Deduct the companies from the DOW, NASDAQ, etc, based on false filings, what happens to the Market, when a high % (51%+minus) are eliminated? See: Sarbanes Oxley Act? Why do you think this Act was passed?

The greatest scammer is our government that takes our money and gives it to Acorn, foreign aid ( consider how many billions we've given in foreign aid to countries that hate us and these countries are still poor because the money ends up in some corrupt politician's bank account!) and all sorts of non-profits that are fronts for activists destroying our nation. I wish I could get some of the money back that has been stolen from my paycheck for all sort of frivolus crap!!!

And they should now charge the attorney suggesting that people hide their money should be charged as an accessory. He's aiding and abetting a criminal and there's laws against that.

Mr Madoff will become a Role-Model for the Harvard School of Business "Case Program", on: "How to do it, Manuals"! He scored the American Dream based on Education, both Freudian (anal manifestations), and Financial aspirations. It is there in the College texts?

fulfords - Friday July 10, 2009 11:38AM EDT I don't understand. If these people thought it was a scam but could not get the SEC to investigate, what were they supposed to do? This really seems like the people who were smart and figured out the scam are being punished for doing their due diligence. If they knew it was a scam, and seemed sure enough to withdraw their money, then they also knew of ill gotten gains, and not reporting it to the SEC.

Dick: Don't let these folks make you feel bad. The joooo 's are screwing the USA over and over

dlryan63 - Friday July 10, 2009 11:12AM EDT What happened to FAZ yesterday? Is it a mistake or did it go up approx. 50.00 per share in one day? ====================================== FAZ had a reverse split of 1 to 10, and FAS had a reverse split of 1 to 7. Both seemed to shoot through the roof, but it was just a good, old reverse split.

Oops, got that backwards: FAZ had a 10 to 1 reverse split and FAS had a 7 to 1 reverse split.

It is interesting how stolen investment money can never be found. They can find every key stroke on the internet.

The act of being generous means that we are geared toward giving.... We're willing to let go of things...our time, money, and so forth...

Who wins in the end? As always, the blood sucker attorneys.

For everyones information. Companies like Goldman Sachs, Vanguard & Merrill Lynch self clear. What that means is, they are just like Madoff, no 3rd party custodian to watch over them. P.S. Khin Leen. what the heck are you talking about?? I guess lottery winners are all SOBS too huh. To Len T. unrealistic gains? during the late 90's the average Madoff investor earned 15% per year. The S&P and NASDAQ popped off 25% ++ during that time. Not all people were greedy. We had the SEC and NASD ( FINRA now) watching over the former Chairman of the NASDAQ. We had the IRS taking tax money from all of us including Madoff. We had the whole Wall Street community watching. No one said peep. The Goverment was seriously negligant.sp? And yet offers no apologies. Victims are losing there homes while the SIPC slowly pays out claims. After the Titanic accident the Carpathia didnt float around thinking about who to pick up 1st. They helped the people then sorted out everything else. Add insult to injury when people who dont have the facts start blaming the victims for this crime. the US Goverment will not save you. Social Security will be bankrupt. Obviously it is up us to save for our retirement and our future. The Goverment is useless.

Congress passed special laws to help WEALTHY Madoff "victims". Which is one the biggest pieces of BS ever: the so-called "victims" were very well off/wealthy already,and got GREEDY.NO one forced them to invest with Madoff.They were propelled by unmitigated,vile,GREEDINESS. They KNEW exactly what they were doing and the risks they were taking.They shouldn't be given special treatment.And they get to take some losses per the IRS. More BS from the special interests. The Obama administration NEEDS to give the SAME exact special treatment to ALL US tax payers!

So much hype over things which most of us will never understand. The fact is that their investments in his funds were PRIVATE placements and never guaranteed; the investors, as defined by the hedge funds are "sophisticated" investors so they should know what they are doing (some semblance of sarcasm inserted.) I totally agree on the earlier point of ALWAYS using a third-party administrator. If anything, Madoff helped the economy pre-Sept 2009 by spending money. Sure this whole fraud thing does not help anything post-Sept 2009, but to suggest that the world should change because another useless US governement agency proved their incompetence is ludicrous. Do not forget the Golden Rule: He who owns the gold rules.