I Am a Madoff Victim

[Hoopermazing]

@onecoolgreek I hope that you are right. If it ever happens, I will be buying gold like a mad man!

[Hoopermazing]

How did you not know it was a ponzy scheme? The returns Madoff promised were absurd. He knew his people's weakness--naked avarice--and he ass-fucked you without benefit of lubrication.

[ThEbAnDPeRrY01]

sounds bad but what do you meen?

[ranedae]

My heart goes out to you. I've never had so much to lose, but as a person working hard to build wealth now, it seems that if you've done it once, you can do it again! What a valuable lesson to be able to share with your children, too, about moving on and being strong in the face of adversity.

[imyourhustler]

Sucker. I would never give a joo my money. Ruth is living the high life with your retirement money right now. Every second of every day.

[agat0r]

Cry me a river. When you trust a man with your money, there are risks. You got taken because you are a sucker. BTW, if you need finacial help, I know someone in Africa who will give you millions. Their father was a prince or something and they need help cashing their inheritance. Just send them your bank info.

[u2berz]

@doomheart2001 don't be angry, kid. i'm sure you'll find a friend one day.. or maybe just kill yourself already, the world obviously hates you.. =D

[u2berz]

@doomheart2001 and your a little nerd that is going no where in life. ask your mommy to lick her cunt while you slit a razor in the veins in your wrist. die you piece of shit, your parents hate you! they wish they had an abortion.

[gymer15]

You could have used the help of Adolf Hittler...you got screwed by a jew

[u2berz]

haha sucks for you. Your baby is ugly as fuck. And your poor as fuck. I hope your baby gets fucked over by madoff's kids you fat, old skank!

[maureen1002]

Thanks for sharing... I can see this was very hard for you. Your baby is BEAUTIFUL... try to remind yourself for what you are lucky for instead of dwelling on that terrible tragedy. God knows good, and he will carry you through these hard times. You will begin to build a nest egg again, and you will be that much more careful with how you invest. You are a strong woman and a beautiful mother :) Keep your head up high and don't worry... everything will work out!! Thanks again for sharing!

[abonawas]

@maureen1002 yeah thats a sad thing when you lose money with a firm that invested thier money which is your money with madoff.......i invested with madoff 1500000 dollars and withdrew the money inafter one yr....thats in 2001 when i persistently asked them to tell me about where my money was invested and how....ignoring my questions and brushing me off was the decider and i pulled out all....i am willing to give back the 150 grand i made to charity if need be but not to any of the victims

[altratronic]

Piece of advice: Next time wait until the baby is done crying before you start filming. It's too annoying to watch.

[jbean0]

You seem like a rather intelligent woman and I'm sure your family will be just fine. I have no doubt you will find a way to get back on your feet!

[FriendsMartinGray]

I don't know you, Coolmom; accidently I came across your videos. I find them sympathetic. That so friendly a presentation triggers nasty responses, surprises me.

Go on, Coolmom and God bless!!

[Myschly]

I don't like prison-beatings etc, I think it's very negative for the justice-system.

However, these rules do not apply to the financial crooks. Madoff is sadly nowhere near the worst off them. I think every financial crook, like the Enron-guys, the bastards Goldman-Sachs etc, they all deserve the beating Madoff got.

Most people in jail had very little. These men had "it all". They had millions of dollars, but that just wasn't enough. That's what makes them the scum of the scum...

[pervisirani]

Why would someone vlog about this, but in particular a miscarriage?

Seems like someone needs attention!

[jaymoore299]

@pervisirani Every vlog by definition is to get attention.

[pervisirani]

Wow...thanks for enlightening me.

Vlogs can be used to draw attention to an issue or attention to yourself.

Thanks jaymoore299

[jaymoore299]

@pervisirani those are not mutually exclusive. They draw attention to both an issue and themselves at the same time, or it can be an issue about themselves.

[pervisirani]

You are quite thick! Obviously the two are NOT mutually exclusive. Obviously Tila Tequila can draw attention to a serious issue like molestation, and still be an internet attention whore.

Sure you can do both, but many people find that "me, me me" element off-putting. That is how I felt when I watched "coolmom", just another needy housewife with more time than brains.

[jaymoore299]

@pervisirani You can say the same about anyone who has a vlog, that they are just seeking attention and are doing it for promotional reasons, not just her in particular.

[pervisirani]

It's just an opinion...so give up.

You feel bad for her, I feel bad for other victims as I perceive this one as being needy and insincere. It's just a feeling, but it's there.

[jaymoore299]

@pervisirani You are a very judgmental person.

[pervisirani]

Like I said...give it up. You're dense.

[lonelycheza]

You're so strong! I'm so sorry something like this happened to you!! I love your videos and you're very funny and smart. Please, keep it up; people love you! I adore you. And Rex is SO cute :)

[BeethovenIsGod]

Haha she may be funny... but shes obviously NOT that smart.. Greedy is perhaps a more suitable word. Selfish is also an appropriate word. I feel sorry for her child because she will be affected by her mother's poor decisions.

[BeethovenIsGod]

She learned an invaluable lesson: she learned that she would have been better off if she were happy what she had.... and just kept it. I am so tired of hearing about these "victims". Madoff didn't put a gun to their heads. He simply outsmarted them. They WILLINGLY gave that man their life savings with the hopes of getting something for nothing. Am i wrong for thinking this way? Does social Darwinism not apply?

[duskwalker2]

I hope a lynch mob can get to Madoff.

[vertstylus]

So sorry to hear this has happened to you. I am sending you my loving vibes and know you can turn things around again. Lotsa love to you.

[trollercoaster17]

it's okay, it's only jew gold.

[stemikger]

I have been seen a lot of Madoff victims speak out and I feel for all of them. However, for some reason your's hit home the most for me. Maybe because you were not acting like a victim and trying to be so strong and at the end when your voiced cracked, I got choked up. Stay strong, but you seem like a winner. You apparently are blessed with what truly counts in life.

[Clipper52a]

Baby, you stay strong. You are still young, and you are absolutely correct ... What matters is not how many times you fall down but how many time you can get up. Napolean Hill said whatever the mind can conceived, the mind can achieve. You have everything you need with your God given mind. Your riches are in your concepts and ideas. Money is only the result of your ideas, not the cause.

[bigjakeduke5]

I'm very, very sorry that this happened to you. This is harsh for me to say but he deserves to die at the hands of another in prison. Notice that since BHO has been in office, no one has been arrested or fired from the SEC for not doing their job? It's pathetic, they should be fired for allowing this to happen to you.

[oldjoe5]

Wow.

You spun this onto Obama. Amazing

[oldjoe5]

Be happy.

The ultra rich "victims" of Madoff like Shapiro will be made whole by the US taxpayer via a special law passed solely for them.

[Cynmark24]

oldjoe5, it is you who will be happy. No ultra rich "victims" of Madoff will be made whole by the US taxpayer. In fact, no Madoff investor will be made whole by SIPC or the SEC either. These go't agencies just want to sweep them away and discard them like yesterday's newspaper.

[oldjoe5]

I understand the media did not make a big deal of this (actually, they made no mention), but the ultra rich "victims" in the Madoff scandal will be fully bailed out by the US taxpayer.

They will be able to write off every single tax dollar they have to pay forever by the amount they lost -- dollar for dollar.

For example, if one lost $1 billion and is uber rich, making $500 million per year with an annual tax bill of $100 million, he will pay zero taxes for $1 bill / $100 mill = 10 yrs

[oldjoe5]

This sweet heart deal applies ONLY to the Madoff victims -- nobody else swindled in a past or future ponzi scheme will get this deal

[Cynmark24]

Oldjoe: Regarding the so-called tax benefits mentioned in your response to me. You are correct in the sense that there is a dollar for dollar write off that will result in these people getting tax dollars back based upon the rate they paid. However, not to be forgotten are the tax dollars most of them paid on phantom income. Most people not only lost their investments, but paid income taxes on money never received. Getting their own tax dollars back that should never have been paid.

[Cynmark24]

The so called "sweet heart deal" was written broad enough to allow for any Ponzi scheme type victim, not specifically Madoff, though unquestionably it is because of Madoff this happened. In the past, there would be a write-off but it was far more difficult. The question in my mind is, if this unfortunately happened to you, what position would you be taking?

[oldjoe5]

No. Not at all. Written specifically only to benefit the Madoff vicitms. Even those swindled in that Stanford racket in Texas @ the same time cannot get it.

It is very hard to get info on this -- very hush, hush

[Cynmark24]

OldJoe, I appreciate your comments, for one thing they are civil compared to the trashing I often read. You agree that this is a theft loss, as opposed to a capital loss? The IRS has always recognized theft losses before; this is nothing new. What is new that the IRS, recogizing the complexities of this case, passed guidelines (not new laws) to simplify the filing of the theft claims in order to streamline the procedure and not have people of any financial level have to wait years (continued)

[Cynmark24]

... to receive tax dollars paid in "error." That "safe harbor" gave Madoff victims an easier way to file, but they also gave up certain taxpayer rights by doing so. I think that this is "hush hush" in the media because it is rather bland and not very well understood. Getting one's tax dollars back when paid in error (by deception) is not something that should cause a taxpayer revolt against Madoff investors. The IRS should have no right to keep tax dollars that should never have been paid.

[oldjoe5]

Firstm off, the rules were changed to allow the Madoff investors to get back all of the taxes they paid on the phantom as the timing rules and limit amounts were removed for these guys. This got some publicity -- but was spun in the media as fair as opposed to special. Maybe it is fair; but nobody else ever got this treatment.

The next step which allows them to recover ALL of their losses via the US taxapayer (via non payment of future federal income taxes for 20 yrs) is quite secret

[oldjoe5]

The first thing that was done was to loosen the rules to aloow them to get all the taxes they paid on phantom income -- this got some coverage.

However, they will now be getting paid back all of their money that they lost by investing with Madoff. All of it. The hell with pensioner who lost all their retirement income -- but the uber rich will be paid back by dipping into the pocket of the US taxpayer.

[Cynmark24]

You are correct in that the 3rd party people who were indirect investors are getting treated like 3rd class citizens are getting a raw deal so far. Hopefully that will change. Nobody though is getting back everything they invested. They can deduct the loss, yes, but the money comes back at the tax rate they paid it at. A person in the 40% bracket will get back 40% of the loss, not 100% (or dollar for dollar). Just not true. Taxes paid in error by anyone, should be returned.

[oldjoe5]

No.

It is all on the quiet, but the wealthy investors will get back 100% of the money they invested via non payment of future taxes. this has never been done for anyone before and the law was written in such a way that it applies to nobody else.

I can find nothing on this anywhere on the internet. I only know about it via lawyers I know

[oldjoe5]

And I haven't even brough up the changes made by their congressional puppets to the SIPC rules!

[Cynmark24]

Nobody is getting back 100% of the money invested, only the tax affects of the loss. Please read the safe harbor guidelines and the tax laws having to do with theft losses.

Regarding SIPC, its a matter of who you speak to. Congress has changed nothing with SIPC rules. Madoff victims maintain that Picard is not following the rules that have been followed since its 1970 formation, while Picard maintains he is just doing what is "fair and equitable." To date, no actual rules have changed.

[oldjoe5]

You are unaware of the law that was very quietly passed in Congress.

Trust me, they are getting everything back. Every single dime

[Cynmark24]

Oldjoe: I will give you the benefit of the doubt here, so let's assume that I am unaware of a law that "quietly passed in Congress" and you are aware of it. So that I don't go around saying things incorrectly as I may have been doing, are you able to tell me what Congressional law that was passed, or a link for it? For my part I can tell you that there are 3 bills that are still in committee with just a few co-sponsors, but none of them have a chance of passing at this time. Please help me.

[oldjoe5]

I will have to check back with the lawyers I know (this took place maybe 3 months ago).

[Cynmark24]

Thank you oldjoe. Hopefully we can both come to a better understanding of what is really going on.

[oldjoe5]

I already have an understanding

[Cynmark24]

Ok, then perhaps you can make me understand, because as of now there is nothing that is public knowledge that states that anybody is getting back dollar for dollar what they lost. They can write off dollar for dollar, yes, but then it depends upon the tax rate as to what they can get back in taxes. Thank you.

[oldjoe5]

I will get the details.

UIt had something to do with extending a loss provision that is used strictly by corporations to these individuals and greatly increasing the time limit over which they can apply it (beyond what corps can do).

The wealthy Madoff investors are the same people who basically own and run this country and they are not be proponents of everyone being treated the same

[kerkido]

Hey Cool Momma, so sorry to hear this devastating news.. I absolutely love your attitude, "It doesn't matter if you get knocked down, but how quick you get back up!!!" Our thoughts are with you and your family cool mom!!!!!

[FriendsMartinGray]

brave woman, you are. God bless. From bad things, good things must come.

[airconditionerking]

Next time, if there is one, DIVERSIFY!!! 15% a year during down times, uh.....not believable

[davincij15]

I am sorry for you loss. If it's any consolation many people will be joining you as we go into Hyperinflation.

The US government can not keep printing money to bail everyone out eventually foreigners will stop accepting the dollar. Once that happens the dollar will end like your Madoff investments.

Do not take my word of it start looking into it. Or you can ignore me like the regulators ignored the whistle blowers. Your call.

Check out

"The Worldwide Initiative to End Financial Fraud"

[mopar777]

First of all I don't appreciate your comments about husbands. They are cynical & rude. I married the love of my life. I guess you had alot of fun when you were young and then went looking for a sugar daddy that you now denigrate!

Now he's the one who doesn't have two nickels to rub together. What's wrong with believing a smart young man and getting wealthy together so you can both sit on the cruise ship balcony with him years later and relish the hard work and it's rewards.

[RealtorTimo]

Darling I have a lot of sympathy for you your hubby, just never give up you guys stick together and you will get out of this mess that Madoff big did to you and so many other good people.

I hope that we finally get some better government control and be able to be protected from those thieves.

My prayers are for you.

Take good care of your family.

[Dividend]

I'm really sorry this happened to you (or anyone else).

[hartrose33]

oh hun I am so sorry that you were a victim of madoffs. I will tell you that 9 years ago we lost our car, house and boat due to a bad loan deal that we got into. I was 2 months along at that time and I lost the baby. I looked around and I seen that I still had my husband, and my 2 year old and I knew we could get through this. We are just now getting back on our feet. We still rent, our credit is still bad from the bankrupy but we are ok we are still a family. this will pass

always

hartrose33

[EasyBakeSmiles]

oh my gosh! im so sorry! :(

the only thing closest to that was when my dad was jobless for 3 years and we had to sell the motocycle. and my mom had one miscarrage also but she was only about a month into, before I came along. godbless your family!

[linnjones]

You seem like wonder-woman, and you are gonna get thru this! You are though, and whit the love thats in your family you will make it :)

[Emalia1000]

We are in pretty much the same position. Having to lose both our business and our home. (and I'm 9 months pregnant with our first child) So It's very hard, and I see and hear your emotion. But I can tell by watching your wonderful videos, that you are the kind of person (like myself) that will turn this into an opportunity of some type. "A setback is only a setup for a COMEBACK!"

[maza4957]

It means a lot to all of us that watch that you shared this with us. You are an incredible person, and if anyone can make it through such a brutal situations, it's you.