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12 more Madoff feeder funds laying in the weeds of Europe SEC does not know about yet!

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 04:09 PM
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12 more Madoff feeder funds laying in the weeds of Europe SEC does not know about yet!
 
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https://www.youtube.com/watch?v=rHFZXyILRoY
 
Posted on YouTube: February 04, 2009
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Posted on DU: February 04, 2009
By DU Member: Joanne98
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Any guesses as to who they are?
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 04:12 PM
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1. How many Senators and House Representatives are shitting their pants right now?
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Best_man23 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 06:16 PM
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2. He mentioned French and Swiss Authorities
Which means the feeder funds in which he speaks are either located in, or channel funds through entities, located within these two countries.
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Poll_Blind Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 06:44 PM
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3. So does that mean that when these feeder funds are identified, the corporations which...
...represent them are going to go bust? The way I understand a feeder fund is a fund whose purchases are solely made through another fund. So any fund who was solely purchasing through Madoff's is now absolutely worthless. Is that right?

:shrug:

PB
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