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Last Visit 2014-06-09 12:43:33 |Start Date 2004-06-30 03:38:49 |Comments 122 |Entries 149 |Images 236 |Mobl 8 |

Category: story

03/12/09 11:38 - ID#48038

madoff

I think the fact that Madoff's bail was revoked and that he will be spending the rest of his life in jail is great. The unfortunate thing is that many more are getting away with robbing the American people and driving this country into this current recession.

I was getting new front tires about a month ago when I ended up speaking with the gentleman in the waiting area of Mavis. A few of his good friends had lost all of their savings with Madoff. We started talking about it because it happened to be on the little tv sitting on the table in the corner. The gentleman explained how the friends of his got involved. It happened at an exclusive private country club in Florida. Apparently Madoff had "two guys" who would carefully screen propsective investors who would only be accepted if they were in a certain income bracket. He also explained that there was a "referral" system through other members to Madoffs guys. After all of these "formalities" the prospective investors would begin investing with Madoffs firm.

While listening to this, I was watching the cars being serviced in the garage area through the large glass window. My silver jetta, another guys blue gti, and then this gentleman's jaguar. My mind was spinning trying to imagine the lifestyle one must have had before being swindled by Bernie Madoff. Meanwhile the guy with the jaguar looks at us and says "wow am I happy I didn't get referred by anyone, and I wasn't considered special enough to invest with that firm." He then began to ramble on about how he was leaving for florida in the morning.

It was all kind of bizzare in a way. Everyone has been touched in one way or another by this recession. Some more than others. Nothing profound here, just wanted to share that story
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