Archive for December, 2008
“Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.”
– Text on the now modified website of investment firm, Bernard L. Madoff Investment Securities LLC. owned by former chairman of the Nasdaq Stock Exchange Bernard Madoff.
If his business dealings indeed were of High Ethical Standards, I’d HATE to see business being done based on LOW Ethical Standards!
(Bernard Madoff was arrested last Thursday and charged with a single count of securities fraud. The Securities and Exchange Commission immediately filed separate civil charges against Madoff. The fraud is possibly one of the biggest in history. The alleged loss of investors’ money is estimated at 50 billion dollar! Yes, boys and girls, that’s FIFTY THOUSAND MILLION DOLLARS! All removed from their owners by ‘fair-dealing’ while observing the Highest Ethical Standards!)