InvestorsHub Logo
icon url

eric7562

09/20/09 11:56 AM

#278213 RE: pantherj #278212

But not 50 billion... These guys are not Maddoff(this guy was a genius think about what scam he run for over what 20 years or so), and Cmkx guys are . small potatos they are not are not worthy to shine his shoes.
icon url

mretgnol

09/20/09 12:57 PM

#278228 RE: pantherj #278212

Actually, different reason why people will collect.

Madoff never placed any trades in over 13 years, so technically, he never lost money via the stock market. Technically, his firm's banking money market accounts are covered up to $500,000 per investor.

Ironic huh? He fugged his investors....and unintentionally fugged the SIPC.