Posts Tagged ‘bernie Madoff’

Bernie Madoff: Don’t Have Money

Posted by admin on Wednesday, April 14, 2021

Bernie Madoff Money Quote saying in 2008 to long-time aide Frank DiPascali that there was no way to save the Ponzi scheme he’d built from investor fraud. The former NASDAQ chairman died in Federal prison April 14, 2021. Bernie Madoff said:
 
I’m at the end of my rope, I don’t have any more goddamn money. The whole goddamn thing is a fraud Quote
 

“I’m at the end of my rope, I don’t have any more goddamn money. The whole goddamn thing is a fraud” — Bernie Madoff

 

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In this quote, convicted fraudster Bernie Madoff is speaking candidly as his massive Ponzi scheme falls apart. He acknowledges being financially insolvent, stating he has “no more goddamn money” left to perpetuate the deception. Madoff also bluntly characterizes his entire investment business as “a fraud” now that it can no longer conceal its true nature.

The quote conveys Madoff’s exasperated confession that what appeared a successful operation for years was in fact an elaborate ruse built on deceiving thousands of victims. It serves as a stark reminder that even sophisticated financial schemes are ultimately unsustainable without legitimate returns, and will inevitably collapse under their own false pretenses.

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