Category Archives: NASDAQ

Former NASDAQ boss busted for Ponzi scheme.

Ya know…sometimes I just want to take a baseball bat to these guys. Normally, I am not a violent person….loud and crass yes, but violent…no.

From the FindLaw link above:

A Wall Street powerbroker for nearly 50 years who built an influential firm has confessed to a massive fraud scheme that will cost investors at least $50 billion, federal authorities say.

Bernard L. Madoff, 70, facing a single count of securities fraud, declined to speak with reporters after a federal magistrate judge in U.S. District Court in Manhattan ordered him released Thursday night on $10 million bail.

You know what really jerks my chain in the article? That this bastardo had 10 Million for his bail.

Yet, he didn’t have enough money to make him happy, so he created his little ponzi scheme. Fuck me running, that is downright pathetic.

Greed does some strange shit to some folks don’t it?