List of Bernie Madoff's Minnesota inv...

List of Bernie Madoff's Minnesota investors

There are 15 comments on the TwinCities.com story from Feb 5, 2009, titled List of Bernie Madoff's Minnesota investors. In it, TwinCities.com reports that:

ADAM HERSCHMAN REV TST SHIRLEY L FITERMAN TSTEE C/O TOWERS MANAGEMENT CO 7575 GOLDEN VALLEY RD STE 300 GOLDEN VALLEY, MN 55427 ADAM STEWART GALEY & STEFANIE N GALEY J/T WROS 2423 SHERWOOD HILLS ROAD MINNETONKA, ...

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oyy

Saint Paul, MN

#1 Feb 5, 2009
oy
Charlies

Saint Paul, MN

#2 Feb 5, 2009
This guy Madoff, makes Petters look like a cupcake.

I wonder how much time he has left.
John in Maplewood

Saint Paul, MN

#4 Feb 6, 2009
Looks like a great scapgoat for the Feds.

Where did all the $ go ? Bernie did it.
What do we tell our grandkids that will pay the price? Bernie did it ?
Finance Jeenyus

Saint Paul, MN

#5 Feb 6, 2009
Where did all the money go? Most of it was paid right back to the investors; the early ones, gettings returns of, say, 14%, got their principal back in short order. The problem is, they didn't know it was their principal; they thought all their principal was intact, so they probably spent their dividends, or re-invested them with Madoff. The later you invested, the less you got back, of course; that's how any Ponzi scheme works.
I have NO sympathy for anyone who invested everything they had with Madoff. I also have a hard time believing that there were very many of Madoff's investors who did give him their "little all." Most people of substantial wealth spread their investments around, a lot, and any investment in something with as high a return as Madoff was giving would be recognized as high risk. You'd take a flier on it only if you could afford to lose your investment. Which you did. I'm not trying to justify Madoff. He should be rotting in Rikers, and not luxuriating in his penthouse.
"They only thing better than return ON investment is return OF investment."
Big D

Seattle, WA

#6 Feb 6, 2009
It's tough to be over-critical on the investors that did trust in Madoff because he ran the Ponzi scheme so effectively. He would give "returns" to make a person feel that their account was getting that 20% return (the money of other people) and get you roped in. Combine that with Madoff's smooth narcassistic verbage, the $2500 Italian tailored suits and the $900 Ferragamo shoes, you can see why so many people got roped in (including ex-pitching great, Sandy Koufax). But you are right, in eluding to the fact that putting all one's money in one manager is foolish. The entire list of Madoff investers can be found at the Wall Street Journal on-line.
chuckie

Longwood, FL

#7 Feb 6, 2009
I trust the IRS will audit the tax returns of those people who gave this con artist Fifty billion dollars to invest. This is a heck of a lot of taxable dollars.
lobster

Dugway, UT

#9 Feb 6, 2009
So people get off with no prison time for murdering someone when they drink and drive, but this a hole defrauds people out of BILLIONS of dollars and gets house arrest while waiting trial? Our "justice" system is so screwed up!!
halfchoosen

Omaha, NE

#10 Feb 6, 2009
not only do you lose your life savings you get your name printed, the list reads like roll call at temple. so much for trusting you own kind
Archie Anderson

AOL

#11 Feb 6, 2009
Poetic justice for quick buck seekers;

The ONLY people caught in this scam were people with a lot of money and a misbeleif they have some right to a higher return than the regular guy.
The "Flim Flam Man" got em, and got em good.
I somehow don't have sympathy for the greedy that get taken for the simple reason that the greedy is the only place the Flim Flam Man can practice his
trade.
If it sounds too good to be true, It isn't.

“Wher's dem turkey necks?”

Since: Dec 08

Palm Desert, CA

#12 Feb 6, 2009
Oliver Stone's "Wall Street" comes to life. Gordon Gekko lives!
bijoutoo

Owatonna, MN

#13 Feb 7, 2009
Doesn't look like Scandinavians had money to invest.

“Live Life with GUSTO!!!”

Since: Jun 08

St. Paul, MN

#14 Feb 7, 2009
Da Crusher_RIP wrote:
Oliver Stone's "Wall Street" comes to life. Gordon Gekko lives!
Crusher:
Right on, Crusher! Oliver Stone should write a revised "Wall Street" with Madoff as the main villian. Remember; "Greed is good!"
gtV
Torkleswensonval d

Minneapolis, MN

#15 Feb 7, 2009
bijoutoo wrote:
Doesn't look like Scandinavians had money to invest.
Yah, scandies lost it all to Petters.
Polecat

Texarkana, TX

#16 Mar 9, 2011
The running question: How much would you have to steal in order to pay for the lawyer to get away with it?

According to the Madoff, story, not enough. Even though he MADE OFF with billions!
Sacred Cow

Monroe, LA

#17 Mar 9, 2011
The Sosh Security ponzi make Bernie look like a piker.

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