Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Tuesday, June 30, 2009

Claudine de la Villehuchet re: husband and Bernie Madoff

June 25, 2009

Claudine de la Villehuchet, the wife of Thierry de la Villehuchet, the hedge fund adviser who committed suicide after losing $1.5 billion in Bernard Madoff’s ponzi scheme, spoke out in on interview FOX Business. She discusses what kind of man her husband was – very honest, loved his job and loved her very much. Although she did not go into it, she said he said goodbye. He left his brother a note – perhaps her also. She said she had no idea that he was going to commit suicide but that he felt responsible and thought his clients would never forgive him and think he was dishonest. She says she has tried not to be angry at him for committing suicide and that it really hurts. She calls Madoff a murderer, a monster, a psychopath and says she doesn’t know how you can call someone like that a human being because how can he destroy so many people – his own people. When asked, she said she would not want to talk to him.

Still cannot find the final autopsy results and she of course did not go into it.

Bernie Madoff got 15- years which sentences him to imprisonment for the rest of his life…but his victims? They have no recourse – they can do nothing to recover their life savings. It’s gone. Madoff’s lack of cnscinence was clear when he. a Jew, ripped off the LA Jewish Community Foundation of $18M. He also stole money from other charities.

Why can’t these folks sue the SEC for lack of oversight?

Friday, March 27, 2009

Octuplets: Gloria Allred & Angels in Waiting Press Conference (3-25)

March 26, 2009

(3-24) Updated list of octuplet posts
(3-26) Octuplets: Gloria Allred & *Angels in Waiting* Press Conference
(3-26) Octuplets: Nadya’s response to Allred/AIW press conference

Linda West-Conforti and Jackie Peebles of Angels in Waiting and their attorney Gloria Allred held a press conference Wednesday (25th) to address their “firing” by Nadya Suleman.

***

Nadya played both Angels in Waiting and Kaiser Permanente nurses.

She used AIW to play Dr Phil, who then arranged for her to get free stuff - that prior to her agreement with AIW no one had offered. Once she determined she was never going to get money from AIW and that Kaiser would take over with taxpayer dollars - she fired AIW.

Well that and those pesky reports to CPS.

Three reports to CPS:

Loud unsafe conditions the night the first two octuplets came home (17th) - paparazzi gone wild outdoors - lawyer(s) gone wild indoors.

Three intruders - risk of abduction - nanny entered home unchallenged - no ID - lack of security - no response from Nadya’s lawyer, Jeff Czech.

Nannies invited into her home with positive skin tests (ppds) for TUBERCULOSIS - one with a productive cough not cleared by chest xray to rule out active disease.

No word if the hospital has looked into this further.

Camera crew allowed in close proximity to the preemies and other children. I’m sure they have used the facilities there as well. What infectious disease screening have they had?

NOTE: Gloria Allred’s initial filing had nothing to do with AIW. She did it 2 days prior to AIW contacting her.

Wednesday, March 25, 2009

Chuckle from Jay Leno re: AIG

March 25, 2009

Last night on Leno:

A very strange incident at JFK airport in New York City today....An AIG executive going through security had to empty out all his pockets...

You know what fell out?

Senator Chris Dodd!

Tuesday, March 24, 2009

Mario Cuome $30M of AIG bonuses may be returned

March 24, 2009
Morning Joe

Mario Cuomo, NY Attorney General, says some of the AIG bonus recipients are willing to return the money. He sure sounds like his son.

CUOMO (phone call): So far 9 of the top 10 recipients have agreed to give the bonuses back. Of the top 20 recipients, 15 have agreed to return the bonuses. Those bonuses will be returned in full...I would like to say to the individuals who have given the money back, you have done the "right thing." You've done what this country now needs and demands...It might be possible to recoup at the end of the process, approximately $80M, which is approximately half the amount received by Americans...

If a person returns the money, I don't believe there's a public interest in releasing their names.

Well that's a subtle brand of blackmail: return the money and nobody knows you were a greedy, selfish pig. Don't, and the nation will know exactly who you are. Bravo, Mr Cuomo.

FYI:What are the chances the top recipient is the one refusing to return the money?

  • Top recipient received more than $6.4 million
  • Top seven bonus recipients each received more than $4 million
  • Top 10 bonus recipients received a combined $42 million
  • 22 individuals received bonuses of $2 million or more, and combined, they received more than $72 million
  • 73 individuals received bonuses of $1 million or more
  • 11 individuals who received $1 million or more are no longer working at AIG, including one who received $4.6 million

Recall that these bonuses were pawned off as "retention bonuses" and yet 11 don't even work there anymore. How many of them are returning the money? Those names should be top of the list, whether they returned the money or not.

IMG is asking 1200 of its employess to return bonuses. How much of the bailout money went to bonuses? And how much did Geithner, hence barry, know about it beforehand?

Every single person who received a bonus derived from the bailout should have their name listed somewhere and then every single one of them should have a simple background check to see if they have paid their taxes prior to receiving it. If not - the money should be have to be immediately surrendered + fines.

Tuesday, January 13, 2009

Bernie Madoff & Thierry Magon de La Villehuchet

January 12, 2009

Man with no conscience gets to stay in his luxury apartment instead of a cell. Who did more damage: Bernie Madoff or Martha Stewart? Think of all the people who will suffer because of how he ripped off them off. And what type of recourse have they? There should be a special place in hell for someone who steals from charities. Probably why his family gave him up.

Anyway the judge ruled he gets to live in his penthouse under these additional restrictions. From FRANK AHERNS:

Madoff must create an inventory of all the valuable items in his apartment. [a little late]

The government must check the inventory list against the items in his apartment every two weeks.

The government can check Madoff's outgoing mail.

As far as the investor Thierry Magon de La Villehuchet who committed suicide - his brother has an interesting take. I'm not sure how "honorable" it is when you leave behind all the people who lost their life savings because you were had by a Ponzi scheme.

Bloomberg's ALAN KATZ:

Bertrand Magon de la Villehuchet said a sense of honor led the descendent of French army officers and an ennobled shipping family to commit suicide after he put his friends and family in a "catastrophic" financial situation.

"For him, it was a positive act of honor," said Bertrand, 74, who lives in Paris and received a note from his brother after Thierry's death. "He brought his friends and clients, and a lot of them were his friends, to a catastrophic situation.

"I was bragging at parties that I'd only lost 5 percent this year," Bertrand said at his apartment on the Place des Vosges in Paris. "Now I guess I've lost 25 percent."

Theirry's toxicology is still pending from the autopsy.

How many more victims of Madoff will chose to end their lives? And what about the ones who will smoke, eat, drink and drug themselves to death? Abuse their family? Go postal? It's endless.

German billionaire, Adolf Merckle chose to throw himself in front of a train the day before his company was to be sold.

Wednesday, December 24, 2008

UPDATE Madoff victim: Thierry de la Villehuchet, apparent suicide

December 23, 2008

UPDATE Madoff victim: Thierry de la Villehuchet, apparent suicide

December 23, 2008

Source CNN

Thierry de la Villehuchet, a hedge fund adviser who lost $1.5 billion in Bernard Madoff's ponzi scheme was found dead in his office from an apparent suicide. Unidentified pills were found but he had used a box cutter to slice his arm, wrist and biceps area. No suicide note. Does money matter this much to people? How can an investor not know he's out $1.5B? How many more deaths will arise from Madoff's evil greed? Hollywood couldn't have made up his name. How can noone not know the money was missing and why is he allowed to live in his posh apartment? How many people have lost everything because of him. I don't understand such greed and lack of a conscience.

UPDATE via AP:

On Monday (12-22), he reportedly told the cleaning crew to be out of his office by 7pm because he was going to work late. The following morning he was found dead seated at his desk in his locked office. He had what appeared to be self-inflicted lacerations on his arm from a box cutter and there was a garbage can nearby to catch the blood. The autopsy was done today but the coroner is awaiting toxicology results before he signs off on the caused of death - sleeping pills were found on the desk. This to me means he hadn't bled out. If he lacerates an artery a garbage can isn't going to catch the arterial spurting. It seems like a strangely passive suicide for a man. Is there an historic method for French Aristocrats? Him telling the crew to get lost is an indicator of him not wanting to be interrupted. Have there been cases of texted suicide notes? The case of the teenager who was allowed to die from an intentional overdose while bloggers looked on and egged him on is depravity at its worst.