Tuesday, June 23, 2009

Sexy Lexus, Bernie Madoff, and Amsterdam

This pretty much sums it up for me.

No blog to call my own. No readership. No Sexy Lexus.

And speaking of low hanging fruit, yesterday the court-appointed trustee in charge of liquidating the investment firm of Bernie Madoff filed suit against broker dealer, Cohmad Securities Corp., to recover what he alleged were decades worth of "ill gotten gains" received as a result of the firm's "symbiotic relationship" with Bernie's posse. The trustee asserted that "Cohmad, formed by Madoff's friend and former neighbor, Maurice "Sonny" Cohn, had "little other business or purpose," than to steer customers to Madoff's investment firm." Begging the question, why the hell would you NEED any other business or purpose when you're stealing money with Bernie and living high on the hog?

By the way, were you aware that the Titan of Enforcement, the Protector of the People, the S.E.C. has reached a partial settlement with Madoff? No? Have not seen it posted on the S.E.C.'s website? Hmm. That's surprising.

Anyhoo, details of the settlement released last week reveal that Madoff did not have to admit wrongdoing under the agreement, but he is barred from ever again working in the securities industry. That's just disgusting.

NB - is that SFL holding the lighter over his head , in the front row?

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