Monday, January 5, 2009

Robert Weiss on the Bernie Madoff Scandal

Rights For America, Attorney Robert Weiss is no stranger to the complexities of Wall Street. He has seen the corruption and politics, firsthand as the partner of Hooper & Weiss, LLC, a firm that handled more arbitrations than any other law firm during the high technology meltdown. It is incomprehensible that the SEC allowed Bernie Madoff to steal billions of dollars from unwitting investors for decades. If the government will not watch out for the investors, then Rights For America, Attorney Robert Weiss will be on your side to help you try to recoup some of your losses! With a single sentence, Bernie Madoff's reputation as a pillar of the Wall Street community collapsed. "It's all just one big lie," he told his family, admitting that his investment management business was corrupt, according to a complaint drawn up by the FBI. The arms of a whopping fraud scheme, perpetrated by Wall Street whiz-turned-swindler Bernie Madoff, have spread nationwide as hundreds of charities that feed the poor and house the sick have been wiped out. Losses from financier Madoff's alleged Ponzi scheme could total $50 billion, a number that could set a new record for fraud on Wall Street, and maybe in the world. Madoff preyed on hundreds of "Affinity Investors" from his religious and social charities while devastating the lives of those who trusted him. As Madoff remained under house arrest in his posh Upper East Side penthouse, panicked non-profit groups from New York to Maine were closing their doors, ruined by the shenanigans of a major scam artist. [more...]

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