British investor kils himself over losses in Madoff scheme

[Truthbeknown]

Source: Comcast news

A former British soldier killed himself after losing his life savings in an alleged $50 billion fraud run by Wall Street financier Bernard Madoff, news reports said on Friday.

William Foxton, 65, who had served in the British Army and more recently worked as a defense contractor in Afghanistan, died from a single bullet wound to the head in the southern English port city of Southampton on Tuesday, police said.

"A pistol was recovered at the scene. Police do not believe the death to be suspicious," a police statement said.

News reports said his death was a suicide and quoted his son, Willard, as linking it to the loss of his life savings of close to 1 million pounds ($1.45 million) in the alleged Madoff fraud.



Read more: http://www.comcast.net/articles/news-general/20090214/NEWS-US-MADOFF-BRITAIN/

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Thats at least 2 that I know of. One in New York , now one in Britain. Madoff needs to be put in jail now. He needs to be held accountable for these peoples deaths.

[applegrove]

1. Yup. Justice must be swift for him.

[Tangerine LaBamba]

2. Rene-Thierry Magon de la Villehuchet

He was a fund manager who killed himself in his office just before Xmas because of the losses incurred in the Madoff scam.

[physioex]

3. Actually...

I think there was someone in France. Yep, I read an article where some psychiatrist talks about how Madeoff displays antisocial personality disorder.

[notesdev]

4. The new slang for suicide

"Madoff investor"

[conspirator]

42. I am going to madoff myself nt

[Mind_your_head]

5. Someone explain to me again why Madoff isn't in jail right now?

WHY does he get to stay in his own home under "house arrest" (or whatever they're calling it)?

Madoff is among the WORST abusers of people's trust. It's truly criminal what he appears to have done (innocent until proven guilty) - but, he doesn't deny it, either!

You wanna 'clean house' .... here's an opportune place to begin!

[Truthbeknown]

6. This is the result and the epitome of the greed on wall street.

If they break the law, they should GO TO JAIL!!!!!!

[Mind_your_head]

8. ABSOLUTELY!!!

This guy should be in jail! Cut off from society....no phone call out, monitored visitors, and everything else that comes with incarceration!

This guy is still "doing business".

[zonkers]

7. This is the U.S. He made bail and is out pending trial. What is the shocker?

[Mind_your_head]

9. No, that's not what happened in this case. eom

[zonkers]

12. I just assumed it was.

[Truthbeknown]

10. Right, and before he was arrested

his wife withdraws 15 million from their account.

[depakid]

29. The shocker is that he violated the terms of his pre-trial release

and faced no consequences.

[wroberts189]

34. Yep he sent the loot to friends and family. What an injustice. :(

[wroberts189]

33. With the loot he stole ...He is a flight risk. BAIL SHOULD BE REVOKED

[daleo]

11. Maddoff may have something on people high up

After all, when you scam people for that much money, you may be in a position to tell some secrets. I am inclined to think Maddoff had confederates, as that is the way Ponzi schemes generally work.

[Mind_your_head]

13. Pffffft.....at that level, people wouldn't care if their husband/wife was screwing the pope!

It's all about the money, "honey".

[Truthbeknown]

14. Right, and then the head of the SEC, Linda Thompsen resigns

after being lambasted in front of Congress. She was appointed by a Bush appointee, William Donaldson, a fellow "Skull and Bonesman". Something stinks to high heaven.

[wroberts189]

35. I would tend to agree with that... or some other corrupt means.

[CHIMO]

15. Since We

Are not an insider, then we have to view it from afar.

Take away everything, bit by bit. Then take away power and prestige.

At the moment he could probably spill a lot of beans. But take it away slowly and maybe, just maybe the problem disappears.

[Mind_your_head]

16. Just take it away in one fell swoop......

this guy will talk your ear off......He's scared as hell, but feels 'confident' right now b/c he's being protected by his "buddies in crime".

Gotta take that 'confidence' away in order to get at the truth.

[Mind_your_head]

17. Madoff should just be in jail! Why isn't he? n/t

[CHIMO]

20. But

He has to be able to talk. If he was under continuous supervision he would be protected. This way he has bodyguards.

[wroberts189]

36. How about we throw him in the slammer for a bit ?

Ill bet you get a lot of beans then

[bluestateguy]

18. Madoff should not be in jail

He should be lynched in the town square.

[wroberts189]

37. Now thats taking it to the next level. :)

[wroberts189]

32. I would make a good bet ..favors and a corrupt judge. nt

[Politicalboi]

19. Madoff's wife also

Took 10 million out either just before of just after he got caught in Dec. Which is total of 25 million. This guy is going to pull a Kenny Boy and like Kenny he will get away with it. Wastin away on Margarita Ville.

[bertman]

21. Agree Madoff should be in jail with no bond, but let's not forget that these "investors"

were working the Over-The-Top-Return-Rate investments that Madoff was specializing in. Anyone who knew anything about investing knew that there was some hanky-panky going on somewhere to make those returns.

The folks who invested with Madoff were INVITED to do so because they were very wealthy and very greedy. So some gambled and lost. Lost big. Real big.

[Critters2]

23. There were also non-profits and secondary investors

who got bit by Madoff. Yeshiva University lost money, for one.

[bertman]

24. Good point, Critters2. I just felt the need to spread some of the blame to the other

deserving.

[aquart]

25. Haddassh and IBEW.

[Critters2]

26. I knew about Hadassah. Didn't know about IBEW.

This man must have no conscience whatsoever.

[aquart]

28. I grew up around Elechester.

I just need to know Madoff didn't handle all of it. I went thru the Madoff list. So many small and medium businesses had their pension funds with him. Those weren't the kind of businesses that paid huge salaries to begin with.

[FloridaJudy]

27. Not to mention Elie Wiesel and the ACLU

It wasn't just greedy Repigs who got cleaned out.

[Behind the Aegis]

41. Elie Wiesel?

Well, according to a few here, he deserved it. As for the ACLU, I wonder if the same assholes that think Wiesel deserved it, think the same about the ACLU.

[Hannah Bell]

22. Something I find interesting in the Madoff thing is apparent Connecticut ties...

"Lawyers in Florida say they are investigating the role that a Connecticut bank may have played in steering money to Bernard Madoff, the Wall Street trader accused of operating a $50 billion Ponzi scheme."

http://www.iht.com/articles/2009/01/01/business/01madoff.php


Fairfield Group forced to confront its madoff ties

"Walter Noel built the perfect global marketing machine for Bernard Madoff: Four sons-in-law with connections among the wealthy in Rio de Janeiro, Madrid, Milan, London and Geneva, who brought socialite flair and few demanding questions for Mr. Madoff.

For 19 years, the pairing worked. Mr. Noel's firm, Fairfield Greenwich Group, raked in assets from clients clamoring for access to Mr. Madoff. Fairfield, in turn, handed over that money to Mr. Madoff."

http://online.wsj.com/article/SB122947686926212703.html


Fairfield investors seek out walter noels offshore accounts: Walter Noel's Son In Law Could Help Him Send Money To Columbia

"Why Hasn't The SEC and FBI frozen all of Fairfield Greenwich and the multiple Noel families business and investment accounts? Are they waiting for the Noel Clan to start a new life in Columbia under the protection of the FARC?"

http://www.topix.com/city/greenwich-ct/2008/12/fairfield-greenwich-investors-seek-out-walter-noels-offshore-accounts


The weird Columbia mention is repeated here:

"Walt, what did I warn you about pissing off the Colombians? Colombian drug lord shot dead while in hospital bed. Andres Piedrahita, husband of Noel daughter Corina and partner in Fairfield Greenwich Group could not be reached for comment."

http://christopherfountain.wordpress.com/2009/01/09/walt-what-did-i-warn-you-about-pissing-off-the-colombians/

"The Fairfield Greenwich Group charged clients an annual fee of 1 percent of assets invested for providing access to exclusive hedge funds and performing due diligence on them, in addition to a fee of 20 percent on investment gains each year, according to people close to the fund’s operations. At that rate, an investment of $7 billion would have paid Mr. Noel’s company $70 million annually, and then $140 million more in a year in which Mr. Madoff reported a 10 percent gain (he steadily reported returns of 10 to 12 percent)."

http://theoriginalgreenwichdiva.com/?p=1585


Noel's partner, Jeffrey Tucker, is formerly of the Securities and Exchange Commission.

Deep corruption.


as an aside: the noel's gardner/driver sued them for medical when he got hurt on the job, & their defense was that he was an illegal.

nice folks, these wheeler-dealer money-laundering drug-dealing pyramid-scamming psychos.

[wroberts189]

40. good info thx nt

[Dreamer Tatum]

30. For anyone who wonders why Madoff isn't in prison, click here

OK, it's simple. You don't steal $50B without a little help. You don't steal $50B without having a little
muscle on your team, who get a taste.

Raise your hand if you don't see how Madoff's scheme was the money laundering opportunity of a lifetime.

Raise your hand if you think Madoff is a feeble little man who needed no help implementing his scheme.

Madoff is under house arrest because he's probably singing like a canary about all of the organized crime
elements he helped, and who helped him. Keeping him in his house is the one way they can isolate him from
his "friends," who at this point are probably crapping their pants over whichever records Madoff may have
kept.

He'd be killed in prison almost immediately, without a doubt.

[wroberts189]

38. good post ..hope your right but they have places they can put people in prison

to protect them ... like SOLITARY.

[wroberts189]

31. Madoff is a flight risk and needs to be locked up in JAIL

Not a 7 million dollar penthouse.

[wroberts189]

39. You know I do feel very bad for the people that lost it all.

Especially the 90 year old who had to go back to work. That is just sad.

And I would feel a lot more sympathy if someone I knew lost a fortune.

But at the same time I never trusted these institutions under bushie. And yes I am a bit resentful at these people who had billions.

Not that we had money to invest as struggling these past years we spent it all just on necessities.

Like I told my wife when this whole econ bubble burst... those with little to lose will lose the least and vice versa.

So please forgive me for saying "Welcome to our world" for the trust fund kiddies.

I am sure a lot of them voted pub.

And in the end? The institutions will have to be fixed so people have faith in them again. Sounds good to me.

And leaving Madoff to his 7 mill penthouse apt? I do not agree but I can tell you it is not going down very well with the American public who are hearing these abuses by the elites on a daily basis by the dozen.

I hear people at the supermarket talk about it ..total strangers.

The rich had a good game going but they had to get greedy and put Georgie in.

Now they will pay. Like the rest of us do every month.

[Mind_your_head]

43. Funny....strange how the people who "have the least" still worry about people who have the most....

....and the people who have the most, typically don't care ~ not one whit ~ about people who have the least! And in fact they often say bad, unfair things about them.

THIS REALLY MUST STOP! It's abuse!

Peace,
M_Y_H