Category Archives: Hedge Funds

October 29, 2011 · 3:59 PM

The Madoff Family stories are more B.S….

Just when we thought it was safe to put the Madoff saga behind us, two new books and several interviews have appeared. I say so what, who cares, but others seem to find this case fascinating. Even Ruth Madoff will be on CBS 60 Minutes.

Stephanie Madoff who was married to Bernie Madoff’s son Mark, has an emotional new book out about the suicide of her husband. While I feel sorry for Stephanie and her young children, the question is why write a book? What’s the take away for the reader? My answer, not MUCH. Now, the other Madoff son Andrew has a book coming out and Ruth Madoff is giving interviews that she and Bernie tried to commit suicide. PLEASE!!! better luck next time!

Lastly, we have good old Bernie Madoff himself giving an interview to Barbara Walters while he is of course in prison for life. This interview was not on camera because the Federal Bureau of Prisons does not allow cameras inside this secret society.

As a true insider, after all I was in Federal Prison and spent years learning how the SEC and FBI work while my case was going on, I can tell you that I do NOT believe these tales. How is it possible that one day the Madoff sons “figured out” old Bernie was a bad seed and the next the FBI arrested him. WHAT? These things take time no matter how much you agree and say you did it. Otherwise everybody could call the FBI make claim and cause chaos! There is a process.

So, why all the Madoff fuss? Two year anniversary anybody? Money needed and just plain vanity.

Yes, it was all about the money and still is. My suggestion buyers beware of ALL of these people and their silly stories. And, I wonder how the victims like seeing Madoffs get so much attention yet again? Many of us have made mistakes and try to learn from them to help others and ourselves lead better lives. I see nothing here but me, me, me all over again. Enough already.

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May 13, 2011 · 12:01 AM

Rajer that!!!

Insider trader Raj Rajaratnam looks to be really going inside this time. Inside Federal prison that is. Raj was convicted on all 14 counts of securities fraud and conspiracy. This after failing to step up and accept a guilty plea that would have surely lessened the prison sentence that now is looming. Raj even spent over $40 million on his defense.

That is he spent $40 million while costing taxpayers several more millions for the investigation and trial. SO, at the end of the day what’s Raj to do and what does his family face? For me I look at how Raj can prepare for prison and that means helping his family prepare. But, how can you prepare somebody so grandiose and egocentric? Speaking from experience it can be done. Soon Raj will be living for probably at least 10 years in a large dormitory on the top bunk with guys from all walks of life. He will have to learn humility just to get along with these guys and the staff!

His family is another story. They now have the task of preparing to live without their husband and the father to three daughters. Sad that his greed has led him to this point and even sadder that he seems to not want to accept any responsibility. Maybe at sentencing we will see a sob story while he asks the Judge for mercy. Here is a prime example of Wall Street gone wild. Raj made plenty of money the legit way, he just pushed too far because he could. Or, at least he thought he could.

So, what’s next? I say once again more Wall Street fallout. Wall Street, be afraid, be very afraid but get ready. This insider knows there will be more soon. Change is possible but it takes hard work. Raj, if you are willing to do the work call me. I will set you straight and you will come home better and more focused than you are now while helping others for a change. Start NOW!

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Filed under celebrities, Criminal Justice, Federal Prison, financial fraud, Goldman Sachs, Hedge Funds, insider trading, prison coaching, prison consultant, prison preparation, prison re entry, raj rajaratnum, Restoratice Justice, Wall Street

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December 25, 2010 · 3:30 PM

The Top Ten Predictions from this Insider for 2011

As 2010 comes to a close, I would like to share my top predictions for 2011 as well as recap a few key events from 2010. As we all know, 2010 was a year of change and recovery. This is a good thing in many ways. While the economy is getting better, more changes are coming. 2010 brought us the incarcerations of Madoff as well as the final stages of the investigations into others involved. We also saw rapper T.I. violate his probation and return to prison, while Michael Vick continues to go strong on his road back.  We saw Lindsay Lohan receive an appropriate alternative sentence, while Charlie Sheen continues his cry for an INCARCERVENTION! 2010 also brought election changes that will take effect in 2011. 2011 should be full of more of the same and some new twists as well.

1-    There will be criminal charges brought in the BP Gulf oil disaster. Remember the wheels of Justice turn slowly, but they do turn.

2-    Wall Street Hedge Funds and Insider traders are the big “get” for the D.O.J .in 2011. Look out!

3-    Celebrities will continue to get in trouble. But, this year we may see some courts begin to be creative in their sentencing.

4-    Election results in California, where there is a huge problem with the prison system, will result in positive alternative sentencing and more education for Judges and courts. The new Attorney General Kamala Harris is tough but understands the need for rehabilitation in most cases.

5-    The country will continue to become educated to the facts that most people in custody are coming out-and soon. Through programs like CNN Heroes shining the light on people like Susan Burton, 2011 will be a year of change  and understanding in our criminal justice system.

6-    Wesley Snipes will continue to complain about his prison term while he is in Prison!

7-    Andy Fastow, remember him from ENRON, will be released from Prison.

8-    Blago will be re-tried and eventually go to Prison.

9-    Our new Supreme Court will show us what they are really made of as they try to hand down Equal Justice.

10-Dr. Drew will find himself in need of an INCARCERVENTION!

Good-bye to 2010 and hello 2011. This insider is ready.

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Filed under celebrities, Celebrity Rehab, Charlie Sheen, CNN Heroes, Criminal Justice, enron, Federal Prison, financial fraud, Goldman Sachs, Gulf oil spill, Hedge Funds, prison coaching, prison consultant, rapper T.I., reality tv, Wesley Snipes

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December 11, 2010 · 10:42 PM

Wall Street- Do you hear what I hear? The Feds, The Feds…

Months ago I posted a blog titled Goldman Sachs go Directly to Jail. Did that happen? Nope. Not one person has yet to pay a price for the Goldman debacle. Key word is yet. In late November, there were a slew of arrests at major hedge funds as part of a probe in to rampant Insider Trading investigations. Now word is that there is much more to come.

This is not surprising, as insider trading has actually accelerated in recent years. Call it a sign of the times! What is surprising is the “shock” some are showing at the Federal investigations and allegations. I have had numerous calls from Wall Street Honchos afraid that a mass conspiracy was afoot. PLEASE! Anybody who has worked on Wall Street and been the subject of any investigations by the Justice Department or SEC knows that these never come as a surprise. Take it from this insider.

Even Bernie Madoff claimed he never knew what was about to happen to him. Of course he did and so did his family and close conspirators. How would it be possible for a $50 billion arrest to go down so quickly? The wheels of justice turn very slowly. But, they do turn.  U.S. authorities began subpoenaing big name investors in late November as the FBI raided hedge funds in three states. Now, CNBC is reporting that last week Manhattan Federal Prosecutors sent more subpoenas to several large hedge funds.

So, what’s a Wall Street firm to do? They should start talking to their key employees now. This is the time when some humility and strategic positioning is needed. Wall Street has always been a place of survival of the fittest, but that may not work this time. This insider says Wall Street, now is the time to get real and talk about how best to get on with it. Can you spell INCARCERVENTION?

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Filed under bail, celebrities, Criminal Justice, Federal Prison, Hedge Funds, jail, Madoff, prison consultant, Prison Consulting, prison preparation, SEC, Wall Street

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