tag:blogger.com,1999:blog-3209280003747771086.post2639700134418977234..comments2024-03-24T05:25:16.444-04:00Comments on Fraud Talk: Madoff Victims - A ListChris Marquethttp://www.blogger.com/profile/15453599146058412239noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3209280003747771086.post-5663926476563387042008-12-28T11:37:00.000-05:002008-12-28T11:37:00.000-05:00I am looking to start a list of retired or close t...I am looking to start a list of retired or close to retirement aged individuals who lost their humble life savings like our parents. They had simply invested in an IRA, were not recieving the inflated, suspicious returns that are being covered in the papers. If anyone knows of such list, please contact me. Thank you.<BR/>Therese FitzMaurice<BR/>t_keslin@hotmail.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3209280003747771086.post-48875791274812656782008-12-28T06:08:00.000-05:002008-12-28T06:08:00.000-05:00It's unbelievable. Financial advisors, hedge funds...It's unbelievable. Financial advisors, hedge funds, investment banks - one would expect people in charge of these institutions are highly experienced on the financial market, able to see all tricks and cheats. And still, they are trapped in such primitive Ponzi scheme...<BR/>I think the financial losses are not so important, the loss of clients' confidence is much more serious...<BR/>Regards,<BR/>LorneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3209280003747771086.post-40262550345275850672008-12-23T13:54:00.000-05:002008-12-23T13:54:00.000-05:00I should be grateful if you could correct the erro...I should be grateful if you could correct the erroneous assertion that Vincent Tchenguiz has a loss of $6.3m as a result of Bernard Madoff’s alleged activities. This figure is incorrect on a number of levels and is being picked up from your website and repeated elsewhere.<BR/><BR/>Mr Tchenguiz has no direct exposure to the alleged Madoff scam. Elsina Ltd, whose ultimate beneficial owner is the Tchenguiz Family Trust, which is advised by Vincent Tchenguiz’s Consensus Business Group, has a 29.9% holding in Bramdean Alternatives Ltd (“Bramdean”). You list Bramdean’s possible loss separately and you are therefore, at the very least, double counting.<BR/><BR/>Bramdean announced on Friday 12th December that it “has two holdings that maintain trading accounts with Bernard L. Madoff Investment Securities LLC ("Madoff"), Defender Ltd. and Rye Select Broad Market XL Portfolio Ltd., representing approximately 9.5% of” Bramdean’s net asset value as at 31st October 2008 (US$220,245,659).<BR/><BR/>I assume that you have calculated that Elsina is exposed to 29.9% of 9.5% of US$220,245,659 – which is $6,256,077. However, as one invests in the shares of a company, not in its net asset value, even this calculation is spurious – a company’s losses are not attributable to individual shareholders.<BR/><BR/>Please amend your table accordingly.Anonymousnoreply@blogger.com