The $50 Billion Ponzi Scheme... Now Do You Trust the Stock Market???

http://cashforex101.blogspot.com/

Bernard Madoff, former NASDAQ chaiman now found guilty in a $50 billion Ponzi scheme.

DiPascali pleaded guilty to 10 charges by U.S. prosecutors including conspiracy, securities fraud, money laundering and perjury. He faces a maximum possible sentence of 20 years on some of the charges and up to $500,000 in fines.

"I'm standing here today to tell you that from the early 1990s to 2008 I helped Bernie Madoff and other people carry out a fraud," said DiPascali, 52, standing in Manhattan federal court in a dark suit and reading from a prepared statement.

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[illankei]

This is only the tip of the iceberg! Surely there's not just one fish in the sea. Its funny how the pundits in other firms act so shocked - oh how pure must they be!

[rollsthepaul]

Just wait until the $1.5 quadrillion derivatives market goes belly up; now that's a ponzi scheme. Remember that only Goldman-Sachs can practice "fair market manipulation". Can you believe the stuff that's going on? I hope I live long enough to see the really meaty stuff.