Miami’s Own Mini-Madoff

The Fall Of A Law Firm

Scott Rothstein

Scott Rothstein, the politically connected Miami attorney, who fled to Morocco, due to investors pressing him regarding their money, has returned to South Florida and was met by FBI agents at the airport.

Preliminary evidence indicates Mr. Rothstein has been running a $500,000,000 ponzi scheme out of the Sunshine State, leaving his law firm in the lurch.

The firm is down to its last $500,000 and may face difficulties making payroll, with a staff of 75 people.

Politically connected lawyer returns to face fraud questions

In Print: Wednesday, November 4, 2009 - A flashy Fort Lauderdale lawyer who investors say fleeced them for hundreds of millions of dollars flew back from Morocco on Tuesday to face federal prosecutors considering criminal charges, the Miami Herald reported.

While Scott Rothstein and his defense attorney, Marc Nurik, held the discussions, a Broward County judge appointed an independent receiver to examine the financial records of Rothstein's law firm, Rothstein Rosenfeldt Adler.

Rothstein, 47, had left for Morocco on Friday as news of his alleged investment scam started leaking around Broward County. He came back facing an FBI investigation and the loss of his law firm. The once high-flying firm, formed in 2002, has only $500,000 left in its bank account, a lawyer said.

Rothstein, suspected of running a Ponzi scheme, apparently drained vast sums of money from the firm, his partners say.

Rothstein's investors had $500 million deposited in a Canadian bank on Oct. 23 and that money was gone seven days later, said William Scherer, an attorney representing investors who he says lost more than $70 million...

http://www.tampabay.com

Madoff Conspirator Found Dead

Police: Madoff associate found dead at bottom of pool

This is a follow up to the September 28, 2009 article titled "Liquidators Hunting Madoff's Millions" which mentioned a "Mr. Picower" and a "Mr. Chase" as two men believed to be in unlawful possession of massive chunks of the Madoff ponzi scheme money. One of the two men has died.

Ruth and Bernard Madoff

Jeffry Picower, a man that unlawfully made $7,000,000,000 from the Bernard Madoff ponzi scheme, was found dead in his pool at his Palm Beach, Florida mansion. Currently, police do not suspect foul play. His lifeless body was discovered yesterday at 1:30PM.

Picower's passing should make it easier for the Madoff trustees to freeze and seize well over $7,000,000,000 from his estate and disburse the liquidated assets to victims of the ponzi scheme.

Picower broke the law and as such, all his assets are liable for federal seizure and liquidation, to repay those that were defrauded in the scam.

Side Bar: I cannot fathom what this man is going to tell God on the other side, regarding why he unlawfully kept several billion dollars of stolen money that plunged innocent, hardworking people into poverty, after they worked hard all their lives to earn said savings. He should have returned the money and asked God for forgiveness.

Madoff's family needs to voluntarily surrender the money they are illegally sitting on, as does "Mr. Chase." Because if any of them suddenly dies, whilst wrongfully retaining the stolen money, their souls will be lost for eternity. You need to ask God for forgiveness and give the money back, as it is not yours. Stop prolonging the victims' suffering, as God will not bless you for it.

Police: Madoff associate Jeffry Picower dies at 67

PALM BEACH, Fla. — Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, was found at the bottom of the pool at his oceanside mansion and died Sunday, police said. He was 67.

Picower's wife, Barbara, discovered his body and pulled him from the water with help from a housekeeper, authorities said. He was pronounced dead at Good Samaritan Medical Center at about 1:30 p.m...

http://www.google.com

Michael Jackson: Madonna Is A Nasty Witch

Michael Jackson

The late pop star, Michael Jackson, slammed deranged pop tart, Madonna, in sensational tapes recently released to the public. Here are some highlights of what he said about Madonna:

"They [celebrities] admire you and know you're wonderful and great but just they're jealous [be]cause they wish they were in your place. M is one of them. She's not a nice person. She hadn't been kind. She's a woman and I think that's what bothers her - women don't scream for other women and men are too cool to scream for women, and I get that. I get the fainting, the adulation and the notoriety - but she doesn't get that."

"Madonna is in love with me. But we had nothing in common. She is not sexy at all."

"Madonna laid the law down. She said, "We are going to the restaurant, afterwards we are going to a strip bar." I said, 'I am not going to a strip bar, where they cross-dress." Guys who are girls and girls... "I am not going there. I am not going."

"I think afterwards she wrote some mean things about me in the press and I said that she's a nasty witch."

Madonna

He had every right to call her a nasty witch, as that's just what she is in real life. She is vile, mean and nasty and loves to pay journalists to defame other people in print, which Jackson complained of. Trust me, I know as well.

She is a depraved loser that has harmed many innocent people, due to that terrible evil streak she possesses.

Anyone that can do the sick, abhorrent things listed in this lawsuit is an extremely evil person that should not be free.

Why does she get so crazy and obsessive over people that want nothing to do with her. What is her problem. Why can't she leave people alone. I've never known of anyone with as much ill-will and hatred as Madonna. She is the definition of what one would refer to as a bad person.

She is a psychotic animal, with no talent and is jealous of anyone she thinks will challenge or surpass her fraudulent pop career that is built on copyright infringement, studio vocal trickery and lies. She has no real accomplishments, as all her hits are stolen from various people. She is Hollywood's Madoff.

And who is she to be getting cocky and defensive regarding other entertainers receiving recognition for their talents, when she can’t even sing, dance or act. She’s made a career out of nudity.

When one looks at footage of Jackson practicing live on stage with no vocal trickery, the voice was smooth and clear, as he effortlessly danced. He had natural talent.

If Madonna tried that without Autotune and a host of other studio tricks, in addition to choreographed dance moves, as she cannot successfully improvise, she’d sound like a cockatoo and dance like someone getting electrocuted.

Madoff's Bad Call

A recently released recorded phone call between ponzi schemer Bernard Madoff and an associate, reveals his arrogance in attempting to rig an investigation the S.E.C. was conducting into his business, which would have uncovered his misconduct, had they done their jobs correctly.

The telephone call was subpoenaed during legal proceedings and illustrates just how confident and cocky, misguided Madoff was in wrongfully believing he would never be caught.

He is heard telling the caller the standard crooked disclaimer favored by criminals, "This conversation never took place" - before proceeding to spout off how easy it is to dupe the S.E.C.

Bernard Madoff Auction

Video: Bernie's NY Digs Up for Sale - CBSNewsOnline

The above posted video grants viewers a glimpse into the decadence lifestyle Bernard and Ruth Madoff lived, while fleecing investors out of obscene sums of money, in the worst recorded ponzi scheme in world history, with losses topping $65 billion dollars.

I don’t know what Madoff was thinking, but that’s just it, criminals do not think, they just act on their impulses, no matter who gets hurt. Then, they suffer the consequences.

Madoff beach house

Madoff’s three bedroom, four bathroom apartment, located on New York’s Upper Eastside, was stuffed with expensive antiques, fine art, exorbitantly priced furniture, crystal wear, silver cutlery and costly rugs – all illegally underwritten by stealing investors' money.

Like most criminal enterprises, this tale has come to an ugly end, as the apartment, all its contents, Madoff’s other homes and boats, are tagged for auction to the highest bidder. Madoff gets to keep...nothing.

Take note financial fraudsters who are stealing other people’s money and assets, as this is your future – incarcerated in prison with all your material possessions, intangible assets and all future earnings, auctioned off to pay back the money you stole from innocent people.

The government failed miserably in this case, as proceeds from the Madoff sale, will not cover the financial damages incurred by victims the U.S. regulatory system failed.

Side Bar: did you know that Madoff had a mistress...and he fleeced her out of money as well.