Bancorp International Group Inc (fka BCIT)

[turn2him]

2late:

The 'cost' sometimes makes you think if 'Madeoff', I mean Madoff, had any interest in BCIT(It wasn't his money anyway). If a guy like Madoff, has been doing what he did for over ten years(BCIT saga has now been 4 years) without investigation by SEC, even though they were told, how many more investment companies were doing this? The house of cards is falling and we haven't heard the last of what corruption has been going on in this industry yet. Does this mean we have at least another 6 years before anything will begin as a result of BCIT not trading?

This is an example of potential costs in the Ponzi scheme of Madoff:
In recent weeks, the federal Bankruptcy Court trustee hunting down Madoff assets sent 223 letters to investors seeking back as much as $735 million. (Reminds one of Megas hunting down holders of fake BCIT securities, doesn't it and who is hunting down the assets for the investors of BCIT?)
Just imagine the unstaggering man years the IRS is going to need to go thru all the tax filing records. And how many companies have gone out of business now because all or a big portion of their money was invested with Madoff's company?

What is lurking yet for BCIT/Energy Source? Does anyone care about BCIT, including Megas, which is only small potatoes to the legal entities responsible for overseeing this industry? But BCIT history is very revealing and a small microcosm(see http://en.wikipedia.org/wiki/Macrocosm_and_microcosm ) of the sham and type of characters that have been playing games on the 'real' investors.

How many were engaged in the buying frenzy of BCIT in June thru August of '05 and profitted? Will those involved in this type of activity end up like Madoff living with an attitude of 'eat drink and be merry' only to spend the end of their life in the abyss of jail, separated now from society forever. And think of the cost to the American taxpayers to protect him and care for him(who cared for noone else but his family) from others in jail(estimated $100,000 per year at least)

Ahh. I have read "The love of money 'is' the root of all evil"

Makes you ponder about the truth doesn't it. And the truth is what sets one free. And when will the truth be told?

BCIT is be but one example of the total corruption in this market, and the 'rest of the story' is yet to be told. Fortunately or unfortunately for those on this board and life in general, there is only One that knows the 'rest of the story'.

Clue: It is not Paul Harvey.