Saturday, December 27, 2008

BILKED OF ALL HIS 'BENJAMINS' - New York Post

BILKED OF ALL HIS 'BENJAMINS' - New York Post: "Bertrand, who said he spoke with his brother almost every day, also disputed claims that Madoff's victims should have suspected something was wrong much earlier because the returns on investment were too good to be true.
'Over four years, my gain was 17 percent - that's not crazy,' he said.
Rene-Thierry managed a multibillion-dollar fund for European investors and reportedly put three-quarters of the money in Madoff's hands.
Bertrand said he would be joining class-action lawsuits against Madoff and the Securities and Exchange Commission."


Typical Republican. Wants to sue the Securities and Exchange Commission (supported with taxpayer dollars) to bail out his poor investment strategy.

No comments: