jackiestone1

Archive for the ‘General Information’ Category

Feb 4th HEARING!! WRITE TO CONGRESS!

In General Information, Helpful Information on January 31, 2009 at 11:57 pm

Wednesday, February 4, 2009, 10:00 a.m., 2128 Rayburn House Office Building. The Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises will hold a hearing entitled: “Assessing the Madoff Ponzi Scheme and Regulatory Failures”.

http://financialservices.house.gov/who.html

On that page you can click on WHO WE ARE
and then to SUBCOMMITTEE ASSIGNMENTS and see the list of names of
those on the Subcommittee on Capital Markets . Also on the left side
of the page is a CONTACT US link which will bring you to an email form
you can submit with space for a letter. The snail mail and phone
number is also listed.

Personally I don’t think it would hurt if EVERYONE emailed in a
message and called the number with a message. The SEC FAILED US!! We need the GOVERNMENT to help!

POWER IN NUMBERS!!

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My Personal Update

In General Information, Welcome on January 7, 2009 at 3:53 am

Now that it has been a few weeks and time has past, many more of you have heard about Bernie Madoff.

My family was affected in a big way and we now have to rebuild. Rebuilding requires selling the house in NY, getting rid of cars and personal things, and relaunching STONE MARKETING AND PROMOTIONS – which is my Dad’s company for promotional and logo merchandise.

I have been helping other victims as well via my blog and I started a Facebook group for families and friends of families. It’s our way to keep up to date with the latest news.

Many of you have asked how you can help….1) Please send my dad’s website to people and companies you know that purchase merchandise with company logos for give-aways, corporate gifts, events, trade shows, and promotional handouts, 2) read the updates I send out. At times, my network is the best for helping, whether we are asking for experts, selling things or sending updates and 3) don’t let the story die, we need as much Press to get the Government and others to understand how big this really is and to act fast to help.

And last, but no least, THANK YOU- you have listened, helped, and reached out. Friends/Family make the difference in times like this.

We will fight, we will survive and we will eventually rebuild.
Jackie

Feel free to FORWARD

C-Span Hearing

In General Information, Helpful Information on January 6, 2009 at 4:18 pm

Click here to play the C-SPAN hearing

Full link : http://www.c-spanarchives.org/library/vidLink.php?b=1231182488&e=1231200188&n=1

Victims

In Documents, General Information, Helpful Information on December 30, 2008 at 1:07 pm

Please make sure you have registered with the FBI Victim Assistance Program and with SIPC (www.madoff.com) has the details.

The FBI victim assistance program is looking for people; Laura Riso; laura.riso@ic.fbi.gov 212 384 2564; She emailed me: “If there are any other Madoff investors that wish to have their information included in the Victim Notification System, a joint system between the FBI and United States Attorney’s Office, kindly please advise them to send their name, address, phone number, and any supporting documents that show they were a victim in the Madoff case to:
Attn: Victim Assistance Program
26 Federal Plaza
23rd Floor
NY, NY 10278
Here are some links as well:
http://www.ojp.usdoj.gov/ovc/publications/infores/fraud/rrr/rrrpdf.pdf (very good handbook for financial fraud victims navigating the federal criminal justice system)
http://apps.irs.gov/pub/irs-pdf/p1546.pdf (Taxpayer Advocacy Services)”

SIPC Payout

In General Information, Helpful Information on December 25, 2008 at 3:55 pm

Maximum Payout in Cash is $100,000

By JAMES DORAN

Last updated: 6:31 am
December 24, 2008
December 24, 2008

Burned investors in Bernard Madoff‘s alleged $50 billion Ponzi scheme were dealt a setback yesterday when a bankruptcy judge ruled the maximum cash compensation victims are eligible for is $100,000 from the outfit liquidating his now-defunct firm.

The ruling by US Bankruptcy Court Judge Burton Lifland approves a plan laid out by the Securities Investor Protection Corp., the receiver of Madoff’s now-defunct brokerage, under which victims of Madoff’s alleged scam are entitled to no more than $500,000 worth of securities from the SIPC. The $100,000 cash figure is included in the $500,000 maximum investors can get.

“Those are the statutory rules of the SIPC,” said Steve Harbeck, chief executive of the SIPC, which has a total budget of $1.6 billion to use toward compensating investors who’ve lost money on stocks.

For the biggest losers in the Madoff scandal, $100,000 in cash is less than a drop in the ocean. Fairfield Greenwich, the investment firm run by Madoff chum Walter Noel, lost $7.5 billion in the scandal, while garmento Carl Shapiro lost $545 million between his personal fortune and charities.

The ruling means anyone seeking more compensation will have to pursue separate lawsuits or join any class-action claims that arise out of the scandal.

Lifland also OK’d SIPC’s plan to restrict claims to those investors who can prove they sent money to Madoff in the 12 months prior to his Dec. 11 arrest.

Harbeck, meanwhile, said SIPC will start mailing claim forms to the thousands of customers he believes are eligible for SIPC compensation.

“We will really be able to get this thing moving now,” he said.

SIPC’s analysis thus far has revealed that Madoff’s alleged misdeeds went beyond a traditional Ponzi scheme.

“We are dealing with something of a hybrid here,” he said.

In a regular Ponzi scheme, one investment scam is used as a carrot to attract client funds. Some of the money is kept by the fraudster while some is used to pay off earlier investors expecting a return.

In this case, Harbeck said Madoff effectively designed a new Ponzi scheme for each customer, making it very difficult to trace funds.

“Each person had their own investment portfolio,” Harbeck said, adding that each portfolio appeared to be a new scam. “But it is really too early to tell how the operation worked at this stage.”

Bernie Madoff Indictment

In General Information on December 15, 2008 at 5:55 pm

http://clusterstock.alleyinsider.com/2008/12/bernie-madoff-the-indictment

CNBC Video

In General Information, Helpful Information on December 15, 2008 at 1:13 pm

http://www.cnbc.com/id/15840232?video=965334435&play=1

10 minute video on the latest developments and potential losses to the alleged scheme spreading across the country, with CNBC’s Charlie Gasparino , Martin Baccardax and NBC’s Michelle Kosinski

Welcome

In General Information, Helpful Information, Welcome on December 13, 2008 at 11:52 pm

This is all new to me. I am just learning to blog. My family was one of the many that was affected by the Bernie Madoff Securities fraud. I can’t sit back and not do anything.  So, I thought if I could at least share all the information I am receiving with others, then I would help to some degree.

This is a story that will live forever. It has destroyed families, charities, the culture and people’s trust in one another.

I am going to do everything I can to help my family and others. So come back often, post any information you have and together we can all help each other.

Please note, I am not a lawyer, tax advisor, accountant or financial professional. The information on here and on the Facebook group are just to help. Consult your own lawyer, accountant or tax advisor.