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Lenofus: The World's Largest Hedge Fund is a Fraud

“The World’s Largest Hedge fund is a Fraud”

 

Listening to Senate Hearing today, Thomsen vs. The United States of America, I have concluded that the esteemed Ms. Thomsen ‘s defense is, “…….we get lots of tips.  It’s impossible to get to them all”

 

Many people walk their dogs past my house, and occasionally I have to police the area.  Not a big deal.  Should a neighbor adopt an elephant from the pound, I do believe I would be very aware of such a development.

 

Here is the report sent to the Boston SEC office, and forwarded, I believe to NYC, and then DC….

 

http://online.wsj.com/documents/Madoff_SECdocs_20081217.pdf

 

There are 29 Red Flags in this report, all ignored.  As several of the Senators pointed out, it is a detailed report, well written by a professional qualified to comment on what he was seeing.  BUT NO ONE AT THE SEC TOOK IT SERIOUSLY, AND PENSIONS, CHARITIES AND INDIVIDUALS ARE WIPED OUT.

 

And all Ms. Thomsen can say, besides, ‘we get lots of reports is, “I cannot comment on this, since this is an ongoing investigation.” 

 

Again, let your wrath be know.  My friend Dave, kind enough to host these comments, came up with this site four years ago.  Granted, he is astute, and extremely intelligent.  But is he smarter and more aware than the entire United States Congress, all the regulatory bodies in the United States, and all its citizens?  I guess he is.

 

The lawmakers better get in gear, and quickly.  An Orthopedic Surgeon from Connecticut documented how he, and his employees lost eleven million dollars in a plan they started in 1992.  He commented on how he received statements, how he believed Madoff was under the thumb of the regulators obliged to protect him, and that now, he spends hours a day trying for some resolution to this horrible dilemma.  While you can question, I guess, laypeople going with an advisor like Madoff, I argue it is the responsibility of people with licenses to protect the rest of us.  That was not done.  If you believe the worst of Madoff has been seen, I’ll argue the point.  I believe in human nature, and I think some huge events are yet to unfold. 

 

Write your Legislators!!  Make your voice heard.  Go to Deepcapture.com.  Stay aware.  Hopefully, we can at least be sure this doesn’t happen again for another hundred years.

 

Lenofus