“Can’t Touch This!,” says Mrs. Madoff to Swindled Investors

By: Jack Waymire | March 4, 2009 | Illegal Schemes & Scams, Wall Street Ethics

No, it isn’t the chorus line from MC Hammer’s popular tune, ‘Can’t Touch This,’ although I must admit that is the first thing that came into my head when reading this story at NYDailyNews.com.? I mean, what is this lady thinking?? Her husband swindles $50 billion dollars?from hundreds of clients over the last 20 years and she thinks her?$62 million ‘Ladies who Lunch’ fund is legitimately earned and rightfully hers?? Unbelievable.? And to think there are feelings we aren’t giving the Wall?Street aristocrats a fair shake these days.? Read on…

Daily News: Bernie Madoff’s wife says swindled investors shouldn’t get any of her cash

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Investor Watch Dog is a weblog designed to inform investors about hidden risks when they invest assets based on the recommendations of financial planners, financial advisors, money managers, insurance agents, and investment sales representatives. Some of Wall Street's biggest investment risks result from Ponzi Schemes, investment bubbles, conflicts of interest, bad advice in bear markets, lobbyist activities that promote industry interests, bad investment products, and anti-investor business practices. While some of these risks are worthy of front page headlines, millions of investors assets are much more frequently exposed to less newsworthy but exponentially more harmful investment scams, financial fraud, illegal investment products, bad financial advice, bad investment recommendations, misrepresentation, omission, abuse of trust, deceptive sales practices, and breach of fiduciary duties. The role of Investor Watch Dog is to shine a spotlight on legal and illegal business practices that undermine the financial interests of investors, retirees, business owners, professionals, executives, and other types of consumers who rely on Wall Street and its financial professionals for the advice and services they need to achieve their financial goals.