ClassifiedsTravel I Exporters Listings I Importers I Trade Help I Business I Export ads I Publishing I RegisterBus




Its hit the super rich hard but investing in Shares etc has its downers.

Madoff was arrested in December of last year and pleaded guilty to running a Ponzi scheme that cost investors billions of dollars. He is serving his 150-year prison term in Butner, N.C. Mr. Picard was appointed in December to wind down Mr. Madoff's business and recover funds for victims of the scheme. He said in a report filed recently in Manhattan bankruptcy court that he has so far recovered more than $1 billion in assets.

NEW BOOK 2009: Sheryl Weinstein now 60yrs , who new Madoff for two decades, said she was stunned the first time they had sex in late 1993."... This man was not well-endowed," said Weinstein, who was once a top executive with the Jewish women's group Hadassah and lost her life savings with Madoff.Despite the initial shock and disappointment, Weinstein said, billionaire Bernie turned her on in bed."When we made love, I was on fire," she said. She has written a book about the affair as she has lost her savings to him

Getty pic.

      Check your foreign currency exchange rates against the Thai Baht with Bangkok Bank.

Bernard Madoffs $65 billion fraud

More than 100 former clients who lost money in the $65bn Ponzi scheme outline the devastation wreaked on their lives in statements to the judge


Check out Pattaya/Bangkok Shipping & Transport services

Dressed in a dark suit, Madoff, who admitted in March to running a $65bn (£40bn) Ponzi scheme for the past three decades, will serve 150 years, Denny Chin, a US District Judge, told a packed courtroom in New York.

Judge Chin said that the 'symbolism' of the sentence is important. Madoff, who kept his eyes down during much of the testimony, told the court that "I don't ask for any forgiveness." The 71-year-old former money manager, whose defence lawyer last week pleaded for him to serve a total of 12 years, has come for many to symbolise the greed and excess of the financial boom. Several of his victims got the chance to tell their stories in court. Dominic Ambrosino, a former prison officer, told the court that he and his wife Ronnie Sue that they had their "entire life savings wiped out". Madoff kept his eyes down as his victims spoke. A sizable proportion of his victims were middle-class public school teachers, farmers and mechanics. Many are now struggling to pay their bills.

Victims of the so-called Ponzi scheme stretched from celebrities, including film director Steven Spielberg and actor Kevin Bacon, to a string of high-profile financial institutions such as Spain's Santander.

In total, about 1,341 account holders lost out in the classic “cash in, cash out” fraud, according to court papers. The scheme lured new investors with the promise of large returns, and used that cash to deliver the returns to earlier investors.Named after Charles Ponzi - who ran such a fraud in America in the 1920s - the scheme eventually collapsed when the credit crisis prompted investors to withdraw their funds.

Today's sentencing is the latest chapter in the Madoff fraud that has unravelled with lightning speed since December. He first confessed to his two sons, Mark and Andrew, that month before telling a FBI agent that there was no “innocent explanation”.After three months under house arrest he pleaded guilty to 11 counts of fraud, mail and money laundering in March, at which point Judge Chin revoked his bail. Madoff has spent the past three months in a 7.5ft by 8ft cell in the high-security wing of Manhattan’s Metropolitan Correctional Centre.

Born to a Jewish family in New York on April 29, 1938, Madoff founded Bernard L Madoff Investment Securities with the 5,000 dollars he had saved at the age of 22, before branching into investment banking and a hedge fund business. Madoff leaves Atlanta lockup, headed to NC prison Disgraced financier Bernard Madoff has left a federal prison in Atlanta and is heading to his new home in a North Carolina prison.Federal Bureau of Prisons spokeswoman Linda Thomas on Tuesday said Madoff has left the penitentiary in Atlanta. He arrived there Monday.Thomas would not say where Madoff is headed, but a law enforcement official told The Associated Press Madoff is destined for a federal prison in Butner, N.C., to begin serving his 150-year-sentence.



Federal regulators have charged a brokerage firm called Cohmad Securities and four people with securities fraud, accusing them of funneling billions of dollars from investors into Bernard Madoff’s pyramid scheme. The Securities and Exchange Commission announced the civil fraud charges on Monday against Cohmad, its chairman, Maurice Cohn, chief operating officer Marcia Cohn and broker Robert Jaffe. Also named in the SEC’s lawsuit was California-based investment adviser Stanley Chais, who allegedly oversaw three funds that invested all of their assets — nearly $1 billion — with Madoff. Madoff secretly controlled New York-based Cohmad and used it to procure a constant stream of funds for his multibillion-dollar fraud scheme, the SEC said.

The nother is Frank DiPascali who Modoff claims knows more about the disappearance of money who is locked up trying to get bail and doing a deal with the Feds. This guy and Madoff are the worst of the bunch

The company's website may be found here:

ASIA SITUATION & COMPANIES : [ Crises Temasak Singapore ]

More on the [ Madoff continued ] [ Ruth Madoff knew ] [ Madoff Ponzi Fraud Crises ] [ Crises Blame -guess who? ] [ Madoff victims ] [ High Roller Fraudsters jailed ] [ Trump casinos in Chap 11 Bankrupcy ] [ GM & Bankruptcy better ] [ AIG abuse bailout funds ] [ US EConomy worsens ] [ Asia Crises better than US ] [ Amex Bailout wrong ] [ USA Bailout will not work ] [ Banks Bailout: Blame who ] [ Blame CR Act or who? ] [ Depression could come ] [ Depression safeguards ] [ Thailand Finance News] [ Pension Funds ] [ Hedge funds 2008 ] [ Investing fund guidelines ] WHY YOU [ DO NOT INVEST in Finance Companies ] [ Buy Gold not shares in finance companies ] [ Thai Property Speculation & Sub Prime crises ] [ Investment property guide] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ]

The UGLY WAR [ Read Gaza report ] [ Medical Your Health & Heart report ]


[ Thai Property Report 2008 ] [ Mortgage & loans on Property ] [ Finance Company guide] [ Hedge funds & Thailand ] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ]  [ Bangkok Bank lends for mortgages to foreigners ]  [ NZ crazy Property market warned of crash ] [ Pattaya Finance conmanShaw]

[ Property Report Thailand 2007 ]

Compare Thailand with the West in NZ, Australia UK & USA [ Property boom & gloom in NZ 2007 ] [ Property in NZ 2008 ]

[ Non immigrant Visas ] [Lawyer costs & services ] [ Visas ] [ Re-entry Visa] [ Work Permits ] [ Companies ] [ Limited Partnerships ] [ Tourist visas ] [ Residency Visa] [ Marriage Visas ] [ 1 year visa ] [ Thai license ]  [ Company tax ] [ Income tax ] [ Company VAT ] [ Visa runs ] [ Read expats Newsboard   VISA COSTS ] [ Visa checkpoint emails ] [ THAI VISA TO THE USA ] [ MARRIAGE IN THAILAND ] [ FOREIGNERS GETTING MARRIED IN THAILAND ]

[ Thailand Visas on arrival ][ Re-entry Visas ] [ Borders Open for Visas ]

[ THAI VISA & IMMIGRATION NEWS ] [ Thai Immigration ] [ Laos Visas ] [ Laos Info ] [ Myanmar Visas ] [ Myanmar Travel ] [ Cambodia ] [ Nepal ] [ World Thai Embassy Addresses ]



Post your company & list yourself on Asia Trading Online: [ Add my company ] Insert your pic of your products. Write to us for more details to be inserted on our index list portal

EXPORTS IMPORTS & SHIPPING [ SHIPPING FORM ] [ Shipping Info ] [ Shipping & Freight ] [ Arriving Bangkok ]  [ Importing to Thailand ] [ Importing Cars & Vehicles to Thailand ] [ Freight forwarding ] [ Container cost ]  [ Sea freight ] [ Air freight ] [ Airlines in Thailand ] [Back to exporters list ] [ Container cost ] [ Shipping to USA ] [ Shipping Personal items ] [ Shipping Cars ] [ Shipping Agent ] [ Buddha images & Food  ] [ Tariffs ] [ Letter of credit ] [ Fine Arts license ]  [ SHIPPING FORM ]




[ Outsourcing Products in China & Thailand ]        






Please email :

N.B. Complete law services via our NEW Thai Lawyer partner . (re: Alien Business Law: NEC Announcement 281 Cat A prohibited to foreigners). However under the terms of our  Company License Asia Trading Post (Co Ltd)  provide : 1. Cat 34 lawyer services  &2.  Cat 35.consultancy services.

 COPYRIGHT: No parts or parts of this website may be copied, printed or circulated for publication in any form or part of without the express written permission of Asia Trading Post Co Ltd. Please also note all Thailand affected pages which include eg. law, immigration, visas can not be used unless  written permission is obtained from both 29 Tanin Co Ltd--Law Office & also Asia Trading Post Co Ltd by way of contract.  All infringements will be an infringement of privacy and our company will act accordingly. See FAQs