GUN VIOLENCE IN AMERICA: FOR WHO THE BELL TOLLS NEXT.

Just five people shy of Sandy Hook elementary school mass shooting incident that claimed 26 lives, the Uvalde Texas Robb elementary school mass shooting at 21 victims, now ranks among the highest grossing gun carnage in America. It is sad that such frequent blood spilling has tragically become part of our culture as a society. May the souls of the killed now rest.

25th AMENDMENT: ITS NOW ALL CRICKET.

Madam Speaker Nancy Pelosi once questioned former President Donald John Trump's fitness to remain in office due to what she claimed was his declining mental capacity. Does anyone know what Madam Speaker presently thinks about the incontrovertible case which America is now saddled with? Just curious!

WHO WILL REBUILD UKRAINE?

The West should convert frozen Russian assets, both state's and oligarchs' owned, into a full seizure and set them aside for the future rebuilding of Ukraine. Like the Marshal Plan, call it the Putin Plan.

A HERO IS BORN.

I am staying put. I will not run away and abandon my people. The fight is here in Ukraine. What I need are weapons and ammunitions, not a ride out of town like former Afghanistan President Ashraf Ghani - President Volodymyr Zelensky.

IT IS WHAT IT IS.

"There is too much hate in America because there is too much anger in America." - Trevor Noah.

WORD!

A life without challenges is not a life lived at all. A life lived is a life that has problems, confronts problems, solves problems and then learns from problems. - Tunde Fashola.

NOW, YOU KNOW.

When fishing for love, bait with your heart and not your brain, because you cannot rationalize love. - Mark Twain.

JUST THE FACT.

In our country, you can shoot and kill a nigger, but you better not hurt a gay person’s feelings - Dave Chappelle

DO YOU?.

“What you believe in can only be defined by what you’re willing to risk for it." - Stuart Scheller.

HEDGE YOUR CRISIS.

Never get in bed with a woman whose problems are worse than yours. - Chicago PD.

PROBLEM SOLVED.

'The best way to keep peace is to be ready to destroy evil. If you Pearl Harbor me, I Nagasaki you.' - Ted Nugent.

OUR SHARED HUMANITY.

Empathy is at the heart of who we are as human beings. - Cardinal Matthew Kukah.

WORDS ON MARBLE.

"Birth is agony. Life is hard. Death is cruel." - Japanese pithy.

REPENT OR PERISH - POPE.

Homosexuality is a sin. It is not ordained by God, therefore same sex marriage cannot be blessed by the church - Pope Francis.

CANCEL CULTURE IS CORROSIVE.


FOR SAKE OF COUNTRY.


MAGA LIVES ON: NO RETREAT, NO SURRENDER!

TWITTER IS BORING WITHOUT HIS TWEETS. #RestorePresidentTrump'sTwitterHandle.


WORD.

"If you cannot speak the truth when it matters, then nothing else you says matters.” - Tucker Carlson.

#MeToo MOVEMENT: A BAD NEWS GONE CRAZY.

"To all the women who testified, we may have different truth, but I have a great remorse for all of you. I have great remorse for all of the men and women going through this crisis right now in our country. You know, the movement started basically with me, and I think what happened, you know, I was the first example, and now there are thousands of men who are being accused and a regeneration of things that I think none of us understood. I’m not going to say these aren’t great people. I had wonderful times with these people. I’m just genuinely confused. Men are confused about this issue. We are going through this #MeToo movement crisis right now in this country." - Harvey Weinstein.


RON DELLUMS: UNAPOLOGETICALLY RADICAL.

"If it’s radical to oppose the insanity and cruelty of the Vietnam War, if it’s radical to oppose racism and sexism and all other forms of oppression, if it’s radical to want to alleviate poverty, hunger, disease, homelessness, and other forms of human misery, then I’m proud to be called a radical.” - Ron Vernie Dellums.


WHAT REALLY MATTERS IN LIFE - STEVE JOBS

“I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. Non-stop pursuing of wealth will only turn a person into a twisted being, just like me. God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth. Memories precipitated by love is the only true riches which will follow you, accompany you, giving you strength and light to go on. The most expensive bed in the world is the sick bed. You can employ someone to drive the car for you, make money for you but you cannot have someone to bear sickness for you. Material things lost can be found. But there is one thing that can never be found when it is lost – Life. Treasure Love for your family, love for your spouse, love for your friends. Treat yourself well. Cherish others.” - SJ

EVIL CANNOT BE TRULY DESTROYED.

"The threat of evil is ever present. We can contain it as long as we stay vigilant, but it can never truly be destroyed. - Lorraine Warren (Annabelle, the movie)


ONLY THE POOR WISH THEY HAD STUFF?

“I’m not that interested in material things. As long as I find a good bed that I can sleep in, that’s enough.” - Nicolas Berggruem, the homeless billionaire.

Showing posts with label madoff commits the mother of all frauds. Show all posts
Showing posts with label madoff commits the mother of all frauds. Show all posts

Thursday, March 12, 2009

MADOFF, AN AMERICAN 419 CRIMINAL MASTERMIND!

The saga of the mother of all criminal frauds, involving a ponzi scheme wherein over $50 billion dollars was swindled from investors is gradually drawing to a close. The criminal fraudster, Mr. Bernard Madoff is going away for good and for a very very long time indeed; he may have to reincarnate to complete his possible 150 years prison sentence? This will be in addition to paying fine, restitution and forfeiture of his ill-gotten assets. Madoff pled guilty to eleven count criminal charge including securities fraud and perjury, today March 12, 2009 and was marched straight to jail to await sentence on June 16, 2009.
As a convict, Bernard Madoff had his bail immediately revoked and was taken into custody in handcuffs. In revoking his $10million dollars bail, United States District Judge Denny Chin said Madoff had the means to flee and an incentive to do so because of his age. However, Icheoku believes that the remand in custody is to primarily protect him from himself; remember Ken Lay of Enron died in suspicious circumstances before sentencing, which led to some school of thought believing he committed suicide to save his financial empire for his family? At 70 plus years old, Bernard Madoff is a good candidate for suicide, as many consider this option as more edifying rather than pine away in prison to his eventual death? Icheoku says, Bernard Madoff is now the poster-boy of the Wall Street greed and grim which induced the present economic and financial meltdown.
Most of Madoff's victims were Jewish and Jewish charities, which trusted him because he is one of them. These victims included individuals, trusts, pension funds, hedge funds and nonprofit organizations. The scheme succeeded in wiping out life savings, ruined charities and foundations; and apparently pushed at least two investors to commit suicide - one by slitting his wrists and the other by jumping in front of a moving train. Icheoku says, the ghosts of these suicides will hunt Madoff's 6x6 prison cell until he either runs amok or takes his own life; our prediction is that he will not live out his life but will meet a tragic end!
Like the notorious Nigerian 419 scheme, Madoff collected investors money under the false pretence that he was investing same in high yield return ventures; but instead, it was a Ponzi scheme (pyramid) in which early investors are paid off with money taken in from later ones. In his own bone-chilling confessional allocutus in court following his guilty plea, Madoff said in part, "When I began the Ponzi scheme I believed it would end shortly and I would be able to extricate myself and my clients from the scheme. However, this proved difficult, and ultimately impossible, and as the years went by I realized that my arrest and this day would inevitably come. I operated a Ponzi scheme through the investment advisory side of my business, Bernard L. Madoff Securities LLC, which was located here in Manhattan, New York at 885 Third Avenue. I am painfully aware that I have deeply hurt many, many people, including the members of my family, my closest friends, business associates and the thousands of clients who gave me their money. I cannot adequately express how sorry I am for what I have done. I am here today to accept responsibility for my crimes by pleading guilty and, with this plea allocution, explain the means by which I carried out and concealed my fraud". He added, "Your Honor, I hope I have conveyed with some particularity in my own words, the crimes I committed and the means by which I committed them. Thank you". (For the full alocutus, click the link at the bottom).

Icheoku says, the moral of this case is principally two-fold:- whenever something sounds too good to be true, watch out; and also nepotism is a social malady afflicting mankind. The promised returns on investment by Madoff was rather too grandiose to make any prudent financial sense but greed possibly drove some of these investors over the Madoff's cliff?
Also many of the Jewish victims possibly invested in Madoff's scheme because he is one of their own; but unfortunately their trust was misplaced as this particular Jew turned out to be a criminal. "Our own", "our own syndrome" practised by many races in this world should be stopped as the whole mankind is similarly yoked in this one world order. We should encourage diversity so that together we shall all either swim or sink as one; - gain or lose in a shared proportion? Were the funds spread out to various investment portfolios, possibly it could have guarded against such a Bernard Madoff's rip-off? Be that as it may, our prayer is that no additional victim takes his or her life as a result of this financial catastrophe; and that some of the swindled funds may eventually be recovered.
As for convict Bernard Madoff, Icheoku hopes your new 6x6 prison-cell will be as comfortable as your $7 million dollars Upper East Side penthouse? We wish you a happy extended stay in the big house!
Bernard Madoff's statement in court - In Depth with The Post ...