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I am a retired computer analyst and former Yoga instructor originally from New York. My life changed abruptly on December 11, 2008 when Bernard Madoff, my only source of income, confessed to running largest Ponzi scheme in history. I've been proactively involved in joining together other Madoff victims in an effort to find restitution and recovery at bernardmadoffvictims.org.
Our efforts are centered on finding justice for Madoff victims and also to educate all American investors so that they become aware of the failure of our regulatory agencies (the SEC and FINRA)and denial of protection by SIPC (created to protect investors of defrauded brokers).
Public Funeral to be held May 8th in NYC
Are you invested in the Stock Market? Do you feel your life savings are protected in the event of a broker failure or fraud?
THEY ARE NOT.Without Congressional intervention, all investors are at risk of being victimized.
Come hear what has happened to thousands of investors as they hold a public funeral to demonstrate the DEATH OF INVESTOR PROTECTION on May 8th.
You're invited to join the battle to protect your investments.
Will Madoff Trustee Irving Picard Pursue the SEC for Complicity in the Fraud? (1 comments)
The Trustee assigned to the Bernard Madoff Liquidation has the responsibility to pursue all parties who created or perpetuated the fraud.
The SEC has admitted failure to stop the fraud, despite many red flag warnings, thus perpetuating the fraud for more than 17 years.
Irving Picard's responsibility to SIPC and the victims is to pursue every avenue, even if that means pursuing the SEC.
Madoff Victims to Work With Congress to Help Victims of Financial Crimes
Madoff Victims will testify at a Congressional hearing of the House Finance Subcommittee on Capital Markets. They will share stories and offer support for legislation to help victims of financial crimes.
The victims will be available immediately after the morning portion of the hearing at a Press Conference to answer questions from the media.
The SEC is Incompetent, but what about FINRA?
The SEC, created to ensure safety in our Financial Markets received a scathing report in its handling of the Madoff fraud.
Now, there's reason to believe that FINRA not only dropped the ball, but may have invested its internal portfolio with Madoff.
SIPC is not protecting as it's mandated to do. Where is the protection for ALL American Investors?
Monday, July 27, 2009
MARY SCHAPIRO ANSWERS THE QUESTION MADOFF VICTIMS HAVE BEEN ASKING FOR 7 MONTHS (1 comments)
Investors who trusted the SEC to oversee the broker/dealers and to assure them of fair market practices are learning that this trust was misplaced.
The SEC has failed to protect investors in the past and continues to do so, even in light of admitting these failures in the Bernard Madoff Ponzi Scheme.
Now, the SEC's Commissioner is saying there are insufficient funds to pay those who trusted in her agency.
Monday, July 13, 2009
BernardMadoffVictims Coalition Seeks Congressional Intervention To Ensure SEC Follows the Law
Former Madoff Investors are seeking Congress to intervene on their behalf.
The SEC has a responsibility to enforce rules that are already in place to ensure that victims of investment fraud are protected under the Securities Investors Protection Act.
To date,these rules aren't being followed and the SEC has not intervened.
The victims are asking Congress to ensure that the SEC act as they are legally mandated to do.
Sunday, May 17, 2009
Who Decides What Madoff Victims Get? Picard or the Law? (1 comments)
Helen Davis Chaitman, Esq. provides this response to the May 6, 2009 article by Irving H. Picard, Trustee of Bernard L. Madoff Investment Securities, LLC and Stephen P. Harbeck, Chief Executive Officer of the Securities Investor Protection Corporation. For the past five months, Ms. Chaitman has been working with a group of approximately 350 Madoff investors on a pro bono basis.
Thursday, May 7, 2009
My Letter to Judge Chin at Bernard Madoff's Plea Hearing
On March 12th my husband,Dominic and I sat in the courtroom-20 feet from the man who ruined so many lives.We attended Bernard Madoff's plea hearing.It was important to me as a victim to be heard.
I wrote this letter to Judge Chin in hopes that it would make a difference.
The hearing is over,but I still hope it made a difference.
I was 1 of 3 victims who spoke in court that day,and I will forever be grateful that I did.
Sunday, May 3, 2009
Bernard Madoff Victims Get Support from US Congress (5 comments)
Former Madoff investors are not going to be victimized again.They have joined together to solicit the aid of legislators to help them receive the restitution they are legally entitled to.Investors are encouraged by the Congressional support received from Congressmen Klein and Wexler,and request that additional representatives do their part in getting the SEC to fulfill its statutory obligation to force SIPC to abide by SIPA.