Frank Avellino

Frank Avellino

Frank Avellino ran a feeder fund that was associated with the Bernie Madoff scandal.

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Written by mortgagenewsclips on
Long but fascinating: How Bernie Madoff pulled off his massive swindle - James Bandler and Nicholas Varchaver - almost like a biography - Fortune Yahoo.com ———— interesting - Renouncing the Debt - John Mason - There are three ways to get out of a debt crisis. First, you can work off the debt, but this takes a long time The second method is to inflate or reflate yourself out of the nominal debt burden you have created. The third way to reduce the burden of your debt is to repudiate the debt. MASE: ECONOMICS AND FINANCE ———— interesting idea - fear of government makes ... Read Full Story
Written by bobandscott on
Dear Bernie and feeder fund managers: You’re complete scumbags. Watch the PBS Frontline program “The Madoff Affair” and see for yourselves. I cannot believe how you convinced so many people to give you money knowing you were stealing from them or not doing any due diligence. You all get credit for one thing and that’s understanding greed. Every feeder fund manager or decision maker should go to jail. Not only were you negligent and stupid, several of you actually appeared on the program trying to explain. It’s amazing how money and the pursuit of a lot of money can be the cause of really ... Read Full Story
Written by newsalistic on
Madoff Deputy Knew of Investment Scam Frank DiPascali pleads guilty to conspiracy, securities fraud, money laundering. For more, click here: abcnews.go.com … “abc news” “World News” “Brian Ross” “Bernie Madoff” “Madoff deputy” “Madoff scam” Ponzi scheme scam invest stocks deputy “Frank DiPascali” fraud money jail From: ABCNews Views: 0 0 ratings Time: 02:36 More in News & Politics Read Full Story
Written by sophiefine1 on
Filed under: Law , Scandals , Headline news Bernie Madoff’s long-time go-to guy, Frank DiPascali, isn’t trying to beat the system any more. He has decided to plead guilty to criminal charges spanning more than two decades. DiPascali is the first of Madoff’s employees to be charged. View original here: Madoff lieutenant gives in, to plead on Monday Read Full Story
Written by mercypolitics on
Elie Wiesel called him a "God." His investors called him a "genius." But, proving correct that old adage from the country and western song, you never really know what goes on behind closed doors. read more | digg story Full Read Full Story
National Liquidators Who:   National Liquidators, the largest boat and ship recovery and remarketing company in the U.S., will hold a pre-auction, media-only preview of three vessels previously owned by Bernie Madoff, a yacht owned by former Madoff CFO, Frank DiPascali, plus three additional mega yachts   What: Seven luxury vessels will be sold by National Liquidators in a private auction on November 17.  
From ad-hoc-news.de ()
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Cafe Hayek has a series of articles here and here on the absurd numerical games going on to pump up the stimulus numbers (which I also offered example of here, where pay increases were considered a “job saved”). For example: Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably [...]  
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You can now get Bernie Madoff's seized penthouse for a steal. The convicted ponzi scum's three-bedroom home on E. 64th St. is now $8.9 million - $1 million cheaper than when first listed two months ago.  
From nydailynews.com ()
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Convicted Ponzi schemer Bernie Madoff's personal affects are going on the auction block next week in an effort to repay his victims some of their financial losses. Check out the catalogue of crap you can bid on, including boogie boards, golf umbrellas and a life bouy.  
From crikey.com.au ()
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In order to (partially) repay Bernie Madoff's victims, the Feds aren't just selling off his real estate; they're selling off every last knick-knack and bric-a-brac that might potentially raise a dollar, at auction. Sample the "Bull" crap bounty, below! LOT 276- JACKET: [1] Blue satin with orange trim jacket labeled and stitched with: NY Mets, 'MADF', '25' and 'Madoff' LOT 278- SCREEN: [1] Chinese Chippendale Mahogany Two Panel Table Top Screen...  
From gawker.com ()
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Phil Davis submits: $2.5 Trillion - That’s the size of of the global oil scam. It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in "Madoff Units" ($50Bn rip-offs). That’s right - $2.5Tn is 50 TIMES the amount of money that Bernie Madoff scammed from investors in his lifetime, yet it is also LESS than the MONTHLY EXCESS price the global population is being manipulated into...  
From seekingalpha.com ()
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Jeffry Picower, the Florida philanthropist who reaped massive rewards from Bernie Madoff's swindling then died in his swimming pool, has left $200 million to his wife, $25 million to his daughter and $10 million to his longtime assistant, even as his estate is in negotiations to return the money he received from Madoff. Picower's lawyer has agreed to hand over $2 billion to the trustee tasked with recouping money for Madoff's victims but...  
From nymag.com ()
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