Tag Archives: Ponzi scheme

Kick Rick

From GULF TIMES:

Republican front-runner Rick Perry came under heavy fire on Social Security, jobs and his record in Texas in a heated US presidential debate on Monday as rivals tried to halt the governor’s momentum.

…snip…

Perry’s rivals questioned his claims about Texas job creation, his stance on illegal immigrants and an executive order he gave as governor, which he admitted was a mistake, that young girls be vaccinated for a sexually transmitted virus that causes cervical cancer.

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Filed under Barack Obama, humor, Immigration, movies, Newt Gingrich, parody, politics, Republicans, snark, television, Texas, Wordpress Political Blogs

For the Love of Pete

From TALKING POINTS MEMO:

Intrigue. Deceit. And forbidden love on a sun-kissed tropical island — with billions of dollars on the line.

No, this isn’t a Danielle Steel bodice-ripper. Or Mark Sanford’s latest confession about crossing “the ultimate line”. Instead, it’s the story of the tangled, high-stakes relationship between Rep. Pete Sessions (R-TX) and accused Ponzi schemer Allen Stanford.


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Filed under Bill Nelson, Bob Ney, Chimpy, Democrats, George W. Bush, humor, Jack Abramoff, Justice Department, movies, parody, politics, Republicans, Senate Banking Committee, snark, State Department, Wordpress Political Blogs

That’s Life….as in sentence! (and other news)

From Courthouse News Service:

A federal judge sentenced convicted Wall Street swindler Bernard Madoff to 150 years in prison for orchestrating the largest and most sweeping Ponzi scheme in history. Scattered applause broke out in the crowded courtroom after the judge issued the maximum sentence to the disgraced 71-year-old.

U.S. District Judge Denny Chin rejected a request by Madoff’s lawyer for leniency and said he disagreed that victims of the scheme were seeking “mob vengeance.”

Chin called Madoff’s crimes “extraordinarily evil,” and said it “was not merely a bloodless crime that takes place on paper but one that takes a staggering human toll.” He said the maximum sentence was important for deterrence.

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Filed under 2008 election, Democrats, FDA, humor, movies, Norm Coleman, parody, politics, Republicans, Scandals, Senate, snark, Wordpress Political Blogs

617-27-054

From NPR:

Bernard Madoff has gone from a $7 million penthouse to a tiny jail cell in Manhattan. Madoff pleaded guilty in federal court Thursday, but implicated no one but himself. Investigators continue to pore over records, trying to figure out, among other things, who helped Madoff engineer the $64 billion fraud that may be the largest in U.S. history. Madoff will be sentenced on June 16.


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Bonnie and Clyde Without the Guns

Feb. 11 (Bloomberg) — Bernard Madoff’s wife withdrew $15.5 million from a brokerage account at a firm co-owned by her husband late last year, including $10 million on the eve of his arrest, Massachusetts securities regulators said.


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