acceptance of pleagraphics8.nytimes.com/packages/images/nytint/docs/... · •y, l • •...

UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF NEW YORK

x

UNITED STATES OF AMERICA

inst -09 Crim. 213 (DC)

BERNARD L. MADOFF,

Defendant.

- - - - x

CHIN 1 District Judge

In s case, a number of documents have been filed

under seal, at request of Government. Emails submitted

by victims (or alleged victims) account for of the sealed

entries on the docket. WNBC has requested that all sealed

be unseal and made icly avail e.

It is hereby ORDERED as follows:

1. The Government, defendant, and WNBC I confer

in an effort to

redactions) .

on what may be unseal (with or without

2. To the extent the Government, fendant, and WNBC

cannot ~~rQQ, the Government and/or fendant shall oppose WNBC's

unsealing request in writ , citing relevant I I

authorities, by March 31, 2009. WNBC respond in writing by

SO ORDERED.

April 7, 2009.

Judge

Dated: New York, New YorkMarch 17, 2009

~_.."""'--DENNY CHIN

United States Dist

U.S. Department of Jus.tice

United States AttorneySouthern District ofNew York

The Silvio J. Mollo BuildingOne Saint Andrelv 's PlazaNew York, New York J0007

March 9, 2009

BY EMAIL

Honorable Denny ChinUnited States District Courtsouthern District of New York500 Pearl StreetNew York, New York 10007

Re: United states v. Bernard L. Madoff09 Cr.

Dear Judge Chin:

The Government respectfully submits this letter and theattached PDF file containing emails, received by the Governmentas of 4:05 p.m. today, in response to the Court's March 6, 2009Order in the above-referenced case: The PDF file is divided intofive categories of responses: (1) acceptance of a plea from thedefendant (11 emails); (2) requests to be heard at the hearing(25 emails)i (3) bail (1 email); (4) sentencing and forfeitureissues (27 emails)i and (5) miscellaneous issues (14 emails).

The Government respectfully requests that the attachedemails, which contain identifying information from victims, befiled under seal to protect their privacy interests.

Respectfully SUbmitted,

LEV L. DASSINActing United States Attorney

By, ~17J7,,:"- •Marc Litt ILisa A. BaroniAssistant U.S. Attorneys(212) 637-2295 I 637-2405

cc: Ira Lee Sorkin, Esq.

ACCEPTANCE OF PLEA

--------------------From:Sent:To:Subject:

Saturday, March 07, 20094:08 PMUSANYS-MADOFFdo the math...

I am sure my 401K has been hit hard because of this guy's negative impact on the market. any recourse?

$100,000,000 per year [would *you* go to prison for that? -rws]

http://money.cnn.com/2009/03/07/news/newsmakers/madoff/index.htm

re:...plead guilty to defrauding thousands of investors out of billions of dollars [assume min of 2 billion]...maximum sentence of 20-years in prison.

1

· --,.........,,.........,,.........,,.........,...............,.........,----------From:Sent:To:SUbject:

I am not sure who I am addressing here:

My thoughts are....why is this person being given the option (or any options) rather than facing the full extentand force of our legal system?

This man singlehandedly destroyed peoples lives, crippled people.... forever!

We don't need to know the wherefores of his sceme....the world and others like him just need to know that apunishment equal to his unconsciounable actions is handed down....stipping him ofevery comfort, everyasset...and then put in jail. As for his wife, she can move in with relatives and out of their Fifth Avenueapartment.. ..IT NEEDS TO BE SOLD OFF ALONG WITH EVERY OTHER ASSET and dispursed among hisvictims.

LET HIM START OVER JUST LIKE HIS VICTIMS WILL HAVE TO.

PLEASE DON'T ALLOW THIS TO BE ANOTHER SELL OUT.

Thank you.

1

--------------------• l • • •y, ,0910:22 AM

USANYS-MADOFFDon't make a deal with the DEVIL!

From:Sent:To:Subject:

Madoffs investors have been put in a position of years & generations (in my case 4) of lost investment earnings, homes,retirement, children's education and charitable contributions. My husband & I have both survived cancer and now thishuge occurrence of stress, aggravation & sadness.

Madoff must payor his crimes &make amenities. EVERY member of his family benefited from his scam and they toomust be stripped of their ill gotten gains. Madoffs wife did not work or contribute funds for her wonderful life style, wheredid she think the money was coming from? On the other hand, the children did work for the company and unless they areseverely challenged must have had an idea of what was going on. No one outside the MadQfffamilies lives will ever bethe same, why should theirs?

Do your job properly, do not let this go away with a compromised plea bargain, Set an example for the world.

A Good Credit Score Is 700 or Above. See yours in just 2 easy steps!,

1

From:Sent:To:Cc:Subject:

Saturday, March 07, 20097:34 PMDassin, Lev (USANYS)Olsen, Wendy (USANYS)Bernard MadOff

Please do not let this weasel negotiate some sweetheart deal and escape accountability i;lndjustice. The damage that he and his family have done is incalculable. His wife J sons J andimmediate family should be investigated fUlly to determine their complicity, The public isout~aged and very suspicious that he and his family will avoid serious penalties.The wife'sassets should be seized for victim restitution and she should be made to spend the rest ofher life playing bingo and eating in a soup kitchen. Read the blogs. in the New York Times andNew York Post to gauge the public's attitude. The fact that he has been allowed to stay athom~ under house arrest has already tarnished the credibility of the proceedings.

1

_ .................-.-------------------From:Sent:To:Subject: .

s~tur~ay,~l.ho091 :29 pJ7

1 1; ;Bernie Madoff

I am not comfortable nor satisfied with what J've read about Bernie, his wife, family and close relatives andfriends connection (money & assets) so far!!I'm sure the whole truth will never be revealed, just as I am sure that all, especially his wife, will walk awaywith millions in hidden bank accounts, investments, .cash and other hidden assets.

I mean, look, they are all probably guilty thru complicity or association of some kind. Did his wife ever file a"joint" incQme tax return with him? .

They have ALL enjoyed the fruits of this scheme in on€( way or another. It just doesn't seem fair that they allwalk away from this, especially with what they'vehad time to hide or conceal amongst one another.

I only wish the prosecution had ALL the necessary evidence.

1

From:Sent:To:Cc:

-_ ----------_a:27.AM

Dea.r

As Fox News announces that a plea deal may have been reached with Bernard Madoff, I felt as an Americanpatriot r need to respond. If the plea deal is true, you are the lastbastion of sanity in an office gone wack.

Go to the lead prosecutor and put your finger in their face saying, "What the hell are you doing making a plea.deal with Bernard Madoff?!?!?!"

Continue with passi~m, "How about growing some New York size guts and charge Bernard Madoff, his wife,and sons as a RICCO criminal conspiracy?"·

Bernard Madoff did not successfully steal the money alone. Bernard was the godfather, his wife the capo, andhis sons leiutenentsin an organized crime family. Assert all of this family. Seize ALL of their assets. The USAttorney's Office will get alot more of the money back ifeach one of the,m is trying to avoid 20 years to life in asupermax prison.

I have work in the brokerage business all of my adult life. My whole office thinks the prosecutor is some distantrelative ofMadoff yet undisclosed and is showing favoritism. If you do not want to encourage theft, you have

. be be zealous on the big ones, like Madoffs $5 billion storen. You are America's last defender to do the rightthing in this case.

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-~~---.....-------------------_10:[email protected]:

From: i.. . I) J I JiJ. ' 5 ... Sent: S<;lturday, March 07,20098:27 AMTO;" T I .•Cc: ..• ; ..... 5 ; ,.: Ii .... r

i :SUbject:

t

Dear

As Fox News announces that a lea deal may have been reached with Bernard Madoff, I felt as· an Americanpatriot I need to respond. .If the plea deal is true, you are the lastbastion of sanity in an office gone·wac .

Go to the lead prosecutor and put your finger in their face saying, "What the hell are you doing making a pleadeal with Bernard Madoff?!?!?!l1

Continue with passion, lIHow about growing some New York size guts and charge Bernard Madoff, his wife,and sons as a RICCO criminal conspiracy?"

Bernard Madoff did not successfully steal the money alone. Bernard was the godfather, his wife the capo, andhis sons leiutenents in an organized crime family. Assert all of this family. Seize ALL of their assets. TheUSAttorney's Office will get alot more of the money back if each one of them is trying to avoid 20 years to life in asupermax prison.

I have "Work in the brokerage business all ofmy adult life. My whole office thinks the prosecutor is some distantrelative of Madoffyet undisclosed and is showing favoritism. IfyO\! do not want to encourage theft, you havebe be zealous on the big ones, like Madoffs $5 billion stolen. You are America's last defender to do the rightthing in this case.

1

_ ...............-----.......---......._-----------From:Sent:To:Subject:Attachments:

[email protected]: Madoff Victim's StatementItr to JUdge Chin.pdf

From: .. '. . ISent:M()nd~y,March09,2009 1:32 PM

. To: 1 .. I I .1Subjec:t: Madoff Victim's Statement

Dear_

Attached is a letter addressed to Judge Chin in connection with the Madaff plea hearing on Thursday. Can you pleasedeliver it to him? Thank you.

1

By Email:

March 9, 2009

The Honorable Judge Denny ChinUS District.CourtSouthern District ofNew York500 Pearl Street, .New-York, New York 10007-1312

Dear Judge Chin,

We are in OUI mid 60's and began investing directly with Madoff in 1993 after he hadbeen investigated by the SEC. Madoffs crime has robbed us ofa lifetime ofsavingsincluding all ofour IRA and 401 K money that was regularly taken out ofour ..aychecksover 30 years of working at oUIi"ob.sas an engineer_and paralegal . Weare witnessing the suffering of 96 year old~ho has also lost eve ng heworked for over a lifetime and t e s· erihg ofmany family merri~e:rs and friends whoare losing their bomes. Madoffbas shattered both our sense oftrust and well being.

We believe that Madoff is still obstructing justice by plea bargaining to protect.co-'conspirators in his finn as well as in the SEC. Madoffpleading guilty to his obviouscrime seems likely intended to terminate further investigation and to preserve his stolenwealth in the hands ofhis wife, brother and other beneficiaries ofhis crime. It furthercompounds an outrageous situation in which our funds are being used for his· privatesecurity, his attorneys and the upkeep on his multiple dwellings~ yachts and other booty.

We recommend that no leniency be shown to the defendant and that any pleaarrangement that obstructs further investigation ofthe crime be rejected by the court.

Yours truly,

-----------------From:'Sent:To:Subject:

& j .'

I would like to submit a letter to be read in court-"Points to be covered include:

NO PLEA BARGAINNO PARTIAL SETTLEMENT OF REGULATOROY CHARGESCHARGES TO INCLUDE HIS WIFE, SONS, BROTHER~ACCOUNTANTS AND ALL OTHERSCONFISTIGATE ALL ASSETS OF FAMILYWhen would my letter have to be submitted by?Thank you

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DearDepartment of Justice;

. As an honest American I am appalled at the greed and total disregard of the law shown by Mr. Madoff In this latest ponziscam. I wish you wouldn't enter into a plea bargain with him. I would like to see him"and anybody else involved in thisscam, convicted and sentence to at least 100 years behind bars without any chance of parole! White collar criminals thinkthey are above the law and they are not! Send Bernie by~by for a long time.

1


-----------------------_0:[email protected]: Madoff

I am totally outraged at the reports that a DEAL is in the making for poor old Mr. Madon. I thought we weregoing to get a real and new and legitimate Justice Department under our new administration-not the same old·filet's make a deal" for the wealthy connected confessed thief.

Have you investigatedand/or determined who Mr Madorfused outside (Congress/White House) and inside theSECto get them to lay off--despite the obvious frauds being committed?

If this man (and I use the term loosely) doesntt go to jail--realjail--not his palatial setting with a boot on--forthe rest of his life--then you (every member of the US Attorney's office that participates in this case) should goto jail for life.

What ever happened to I'Equal Justice under the Law"? SAD-SAD-SAD-SAD- days for Ameri~a!

Shame upon you. Prosecute this criminal. I and all America want JUSTICE. Do your job--or get out.

--.

..

1

REQUESTS TO BE HEARD·

..

-~............~............................................---------From:.·sent:To:SUbject:

Saturday, March 07. 2009 7: 11 PMUSANYS-MADOFFrequest to be heard

I am a victim of the Madoff fraud. I am requesting to be heard by the court. Please inform me how I may beheard in court. I lost $650~OOO.OO, my entire retirement savings and my total income stream. I certainly hopethat indirect investors will be extended SIPC coverage

Thank you.

Sincerely,

Silver City~ NM 88061

Judge Denny Chin ofFederal District Court in Manhattan approved the proposal~ specifying that "any potentialvictim who wishes to be heard" must send an e-mail request to the prosecutor~s office by 10 a.m. Wednesday."The court will rule on whether, and the manner in which, victims may be heard at the proceeding," Judge Chinnoted in his order.

Requests should be sent by e-mail messaget01h~@:nY.~.~m...It4..Qff(4£1JJi.g.ni.gn:y.. Information about future hearingswill be available at usdoj .gov/usao/nys and at madoff:coUl.

1

-------------------------------From:Sent:To:SUbject:

My name isheard at the

"ou,

~ckberry

Saturday, . arc ,USANYS-MADOFFMadoff victim

.an9 I.am an investor who lost money with Madoff Securities. I would like the opportunity to bea ff. Please let me know if this is possible and ifthere are any specifics I need to know.

1


aturday, March ,USANYS:"MADOFFSpeaking at the Madoff hearing

Good Afternoon - I am writing to inquire about addressing the court with respect to the destitution my family isleft with because of the actions of Mr. Madoff. My parents have invested with him for 30 years and I wouldlike to speak on their behalf.

Please let me know how we proceed with this request.

Thank you in advance.

FREE Animations for your email - by IncrediMail!""""'''''''''''"'''''''-~''''''''''1

1

---.....-................------........._.....-_---From:Sent:To:Subject:

Saturday, March 07, 2009 7:31 AMUSANYS~MADOFF

victim statement

My name is _ and my wife _and I lost $5million which we invested directly withMadoff and indirectly through the Ascot fund .. r WQuld very much like to have the opportunity

•,

- -- --- - - .. ~ I , 'I

PleaSe let me know whether I will be given the oPPQrtunity to speak and if so, what thepqrameters will be. I can be reached at

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From:sent:To:Subject:

Your Honor,

MondaY,March 09, 20092:40 PMUSANYSwMADOFFEMAIL BEING SENT ON BEHALF OF

I will love to appear in court against Mr. Bernard Madoff. He got me good, but he got.crippled childrens hospital, Blythedale Children's Hospital in Valhalla NY. I can be reac edat

Thank You

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From:Sent:To:Su!:>ject:

Monday, Maryh 09, 20092:15USANYS~MADOFF

Bernard L. Madoff Hearing-Request to address the Court

Dear Assistant United States Attorney:

, an individual account holder with Bernard 1. Madoff Investment Securities, wishes toad.dress the court at the hearing scheduled before Judge Denny Chin in the United States District Court for-theSouthern District ofNew York on Thursday, March 12 at 10 a.m.

..•...•..•. .• and his Charitable Trust are two aggrieved investors of the Madofffraud. The last statemen.received from Madoffindicated that he had close to $17 million in his personal account. In the early

days<9fPecell1J:>er2008 Mr. also wired an additional $400,000 to Madoff for deposit to his account.Mr. haritable Remainder Unitrust had approximately $8millioriillvesf with Madoff. Mr. respect ly requests the opportunity to inform the court of themisfortune experienced by his ChantableTr1.1st and by him personally.

·Please feel free to contact me should you require any further information regardingCharitable Trust. looks forward to the opportunity to address the court.

New York, New York 10004

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- ....' --""................- ................----------""--~20092:04PMUSANYS-MADOFFBernard Madoff march 12 hearing

I was an investor with(and am a victim.of)Bernard L Madoff Investment Securities and would like to participate in theThursday March 12 2009 hearin rel~tjng to Mr.. Elern~rd Ma,doff.Please let me know what I need to do to participate.Thank you. .

Need a job? Find employment help in your area.

1

\

From:Sent:To: .SUbject:

_ ---------------~5jAM

As a victim of the Madoff Fraud Case, I would like to be able to speak at the upcoming hearing butcannot afford to travel. I would however like to send the judge a copy of the statement I would haveread if possible. Is there a name a ddress or email address that you could provide for me to dothat? Thank you.

---------......-------------------------------From:. Sent:

To:Subject:

Importance:

s~tllr(jay, Mi;lfCh 07, 2QQ~:2:52 PM

Madoff viCtim in California,

High

__We are Madoff victims. I can no longer afford a plane ticket to attend Thursday's Medoff hearing butunderst.and that the court has agreed to hear from victims. I'm not sure of the proper protocol for this and whether orn()t you have made plans for testimony from out of towners but I want to participate. I want my story to be heard. If youset up a speaker phone I would like to call in. If you can have someone read my statement into the record I would be okwith that. But Madoff victims have' no voice. You are a victim's advocate and maybe just maybe you have a sense of theloss we are feeling. My statement and contact information is below:

I am the product of working class family from Brooklyn and the Bronx. My dad and his brothers are veterans ofWWIIwho built and sold a business in NY after 45 years of 6 and 7 day work weeks. They saved, moved out to Queens andthen tong Island, Westchester and NJ. As the New York area grew so did their businesses and families. They put theirkids through college and retired leaving a legacy of hard work and the importance of higher education and savings.Unfortunately, the saving were all placed with then trusted financial adviser Bernie Madoff. Madoff had become ahousehold name In our family as three generations looked to the future.

Well the future is now. My parents are gone and so is my family's entire life savings. My retirement and my son's collegefund aII gone. The relationship with Madoffgoes back over twenty years. Depression survivors were reluctant to Invest.My dad and his brother were so prudent they missed amazing real estate investment opportunities during the 50's 60"570's and 80's in NY real estate because they just didn't trust a market they didn't know. But when a trusted life-longfriend introduced them to Madoff my father he reluctantly, at first opened a small account over 25 years ago. As theyears went by and trust was built and returns consistent and stable more funds were de'posited with Madoff eventuallyleading to my sister and I opening accounts. There was never a sign of malfeasance. Never a bump in the road accessingfunds. The statements as you know were meticulous in their detail and depth. There was no visible sign of Improprietyonly the apparent work of a 'master class investment manager. Who seemed so wise to the ways of Wall Street that itmade nq sense to try to manage a stock or Investment portfolio on our own.

I followed the path. My career took me to Denver, Se<:lttle, Los Angeles and now the San Francisco Bay Area. like myfather before me and his father before him, I worked 6 and 7 days a week, saving money, enjoying my family and lookingto the future. I dedicated myself to my career, wife and son.

As I now app~oach retirement after a 40 year career as a bro<.ldcastexecutive and media consultant 1find myself withouta penny of savings for us to continue to live on, a home I cannot sell, and a son for whom all of this was about now

. unablE to attend college because Madoff stole his college fund as surely as he stole our future.

We are not only heartbroken but we are broken. The Madoff case has thousands of victims and we are only three. Butwe have no voice; The trustee talks coldly about money in/money out. A formula that criminalizes the victims andpunishes our hard work and trust in the system. We saved. And we paid taxes. Hundreds of thousands of dollars oftaxes, ~O% of monies withdrawn went to pay taxes not buy yachts and million dollar con,dos. We gladly did our part justso we could continue to save for our child's education and our future. And we now.know we paid those taxes on moneythat d id not exist and on trades that never happened and money market funds that never existed.

Yes, Madoff must be the devil Incarnate and we certainly hope he spends the rest of his days in a five by tim foot celluntil t1is trip to eternal damnation. The ruined lives he has left in the wake of trust is among the most despicable crimesin history.

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Dear Judge Chin,

Monday, March 09, 2009 1:35 PM.USANYS-MADOFFMadoff letter

I am a victim in the Bernard Madoff Securities Fraud. I am neither rich nor famous and hopethat my voice will be heard.My enti re life's savings is at risk due to Mr. Madoff' s greed. I invested $2S0k in May of2~e7 with MOT Family Trust.I took only one disbursement of $Sk in April 2008. This leaves my entire life's savings of$245k to Mr. Madoff's Ponzi Scheme.r am 61yrs old and my husband is 70yrs old. He has suffered 2 strokes, there is no way forus to make this type of money again.The emotional damage r have suffered since receiving that telephone call f~omlllllllllt_ to inform me that I had lost my entire savings to Madoff on Dec. 12, 20~en

ating. I would appreciate having my voice heard. ,

Sincerely,

IiiillltCA 9496~

1

From:Sent:To:SUbject:

onday, arc ,USANYS-MADOFFIMPACT STATEMENT TO THE COURT FROM THE

GENTLEMEN: I AM WRITING YOU AS PRESIDENT OF THE12309 ON BEHALF OF OUR MEMBERSHIP WHICH TOTALLED 51 MEMBERS. THE HEINOUS

PERPETRATED BY BERNARD MADOFF HAS AFFECTED OUR LIVES AND OF MANY OTHERS. THE FUNDS IN OURACCOUNT, WHICH WERE ENTRUSTED TO BERNARD MADOFF WERE THE LIFE SAVINGS OF HARD WORKING

HONEST INDIVIDUALS. THE SEC WAS CONTACTED ON Si:VERAL OCCASIONS AND THEY VERIFIED THERE WERE NOISSUE:S OFCONCERN WITH THE MADOFF FIRM AND EVERytHING WAS ABOVE BOARD. HIS ACTIONS

AND THE COLLAPSE OF BERNARD MNADOFF INVEST'MENT SECURITIES HAVE'CAUSED IRREPARABLE HARM TO OURINVESTMENT CLUB MEMBERS AND THEIR FAMILIES. THE IMPACT IS FAR REACHING. SOME MEMBERS

HAVE LOST ALL OF THEIR CHILDREN'S COLLEGE SAVINGS AND LOSt THEIR ENTIRE NEST EGGS WHILE MANY WILLHAVE TO TRY TO SELL THEIR HOMES AS I AM ATIEMPTING TO DO, AS WELL, AND POSSIBLY MOVE IN

WITH THEIR CHILDREN-JUST TO SURVIVE. HIS ACTIONS AND ACTIONS WITHIN HIS FIRM HAVE FOREVERCHANGED THE LIVES OF MEMBERS OF THIj:I~ SUFFERING FAMILIES. IN ADDITION, I HAD MY KEOGH RETIRE-

MENT ACCOUNT INVESTED WITH MADOFF AND IT IS COMPLETELY GONE. THE IMPACT ON MY FAMILY AND MY LIFEIS INCALCULABLE. AS A RETIRED PERSON WHO IS IN HIS 80'S, I AM NOT IN A POSITION TO TO

RETURN TO THE WORK FORCE. MADOFF HAS MADE A PROFOUND EFFECT ON MY FAMILY AND THOUSANDS OFOTHER FAMILIES. HE SHOULD PAY SEVERELY FOR HIS ACTIONS. ALL OF THE BERNARD FAMILY ASSETS

SHOULD BE QUICKLY REDISTIBUTED TO THE AFFECTED INVESTORS AS A SHOW OF COMPASSSION TO THE LIVES OFTHE FOREVER DAMAGED. SENDING THIS E-MAIL AS I AM UNABLE TO APPEAR AT HEARING

RESPECTFULLY,

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._~-_._..._...... ".'

Monday. March 09, 200912:43 PMUSANYS-MADOFF /Madoff Hearing

We would like to attend the hearing this Thursday and if possible speak.Please acknowledge receipt of this.Thank you very much.

A Good Credit Score is\}OO or Above. See yours in just 2 easy steps!

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_ ...........................- .......--................................----From:Sent:To:Subject:

_12:08PMUSANYS-MAOOFFMadoff hearing

To Whom It May Concern,

My name is - and I am one of the Madoff victims. I sent in a request to appearat the Mado~Jiursdayand have not heard back from you~ I would appreciate aresponse. My home phone number is .

Thank ypu"

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Sunday; March 08, 200911:11 PMUSANYS-MADOFFMadoff - I wish to be heard

My name is_. I retired from teaching in Sroward County. Florida_My entire teaching career was 45years withth~~rs in Broward County. I had entered the Florida 0 . pgram which allows retiring teachers tobuild a nest egg during the.·'service. In my case I watched my retirement funds grow for the last 5 years.During that time I met with who showed me a way to allow my retirement to grow. The return did not seemunreasonable,. considering e mar e. So, last August I turned over to his care my DROP money as well as all myaccrued sick days, which the cou cashed·in on my retirement. The entire amount was approximately $225,000. Littledid I know that his company, , was feeding S & P, which was a feeder band for the Madoff fraud. InDecember, I was shocked to ., arn wa . ,fraud, a Ponzi. .1 didn't even understand that all my money was lost.That takes some time to sink in, some time to let the feeling of being personally violated soak through out your being, ahelnever really dissipates. It feels like 5 years of my life has been robbed without any recourse. ·Perhaps time will settle myfeelings ~ but I would like to let Mr Madoff know how he has affected my life.

My funds were 100% invested With the Madoff for only 4 months, a short while, and yet the entire principle was lost. I'mnot a wealthy woman, and I was relying on these funds to see me into retirement.

So,·, would like the opportunity to look the fraud master in the eye and tell him how my life has changed since heannounced that this investment was a lie.

Sincerely,

1


Sunday, March 08, 2009 1USANYS-MADOFFAttendees

1

From:Sent:To:SUbject: would like to attend

hearing on Thursday March 12, 2009 IIIIIIr

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_ .....................,---------------From:Sent:To:SUbject:

Sunday,Mar'Ch 08, 2009 7:46 PMUSANYS-MADOFFmadoff plea trial

Dear Sir or Madam: My wife and I had invested with Mr Madoff and are requesting to be present to speak atthe plea trial scheduled for March 12th.

Please e-mail or call

Sincerely,

Access 350+ FREE radio stations anytime from anywhere on the web. Get the Radio Toolbarl

1

From:Sent:To:Cc:SUbject:

Sunday, March 08,2009 5:57 PMUSANYS..MADOFF, -- -- -""-.- .-=-.~,

appearing In court

My mother and I are both victims of Bernie Madoff. We live in NYC and are thinking of appearing in court this week. Iwent to the website: www.usdoj.govtnys and was not able to obtain any information. Can you please give me the detailsfor appearing in court (where, when, etc).Also my mother suffers from arthritis and cannot stand for long periods oftime, is there any way to guarantee she willbe able to sit?

Thank you-

1

------------------From:Sent:To:Subject:

T&l 5 . ; ; . [ ; l?? ; L

To whom it may concern,I was one of the indirect victims ofB. Madoffs fraud. My losses amount to approximatdy $250,000. I am a 58year old single mother and this was most of my retirement fund. Additionally my 21 year old son's trustaccount, in the amount of $18,000, was gutted. This trust account was to be used for his higher education.

I think it is very important that those ofus who are indirectly affected by this crime should be heard from. Eventhought we are called indirect victims, the impact on my future wellbeing and my son's education is direct.

Thank you for your consideration of including us in the hearing.

Sincerely,

--Bozeman, MT 59715

1

---------------------------From:Sent:To:Subject:

Sunday, March 08, 2009 5:01 PMUSANYS~MADOFF

Victim wishes to be heard

'Please let me know if I can make a statement.

--•

1

_ ...............-.---------........._--------From:Sent:SUbject:

Dear SirlMadam.,

Saturday, March 07,20096:38 PMREPLY ME

My Name is Mr. but my origin is from Republic Of Congo. I have an inherited fundI want to invest in a business in your country with a help of a local. I don't know about business but I found itwise to invest the funds in your country,with your collaboration with me.

Ever since I move to Dubai due to the problem in my country, I have not beep. able to invest the funds in Dubaidue to security reasons. Now I am seeking foreign assistance to transfer the funds to your country based on thenews oftheir development. ,If you can assist, I am willing to give you 10% of the funds that is US$3.5Million. You will understand that my

entire life and future depend on this money and I shall be very grateful if you can assist me. The major thing Idemand from you is the absolute assurance that the funds will be safe and you will not sit on it when it istransferred into your account. .I will be willing to corning to your country once everything has been done and the funds are in your bank todiscuss on lucrative investment in your country.

.I hope to hear from you so thatwe might get to talk better on this issue. Please do give me your contactinfonnation in order forme to call you ASAP.

If this email offends your moral value, do accept my apology

Hope to hear from you soon.

Best Regards,..

1

From':Sent:To:Subject:

Mbhday, March 09; 2009USANYS-MADOFFMadoff List

Hello,

.My name is - and I would like to speak on behalf of theinvestoralo~mberswho lost their life savings.

Please let me know if my voice can be heard.

Thankyou,

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1

" I was an

..--'....-..-....-..-....-..-..---..-----........--................------From:Sent:To:Subject:

Monday, March 09, 2009 3:31 pMUSANYS'"MADOFFBernie Madoff

I would like to have this email read in the courtroom and Mr, Madoffs sentencing/plea bargain.Please address any comments or replies to my personal email:

Dear Me Madoff:

You don't know me, but I am one of the millions upon millions of people that your Ponzi scheme has affected~ I am not amillionaire, not by far, My husband and I live comfortably, because we believe in hard work, We are able to support ourson comfortably, again, because we believe in hard work,

We thatlk god every day, because we are both still employed (as of right now) in good jobs. We appreciate how fortunateweare.

Your scheme has wiped out our savings; our retirement funds, our deferred compensation, and our son's college fund.

Mr. Madoff, we did everything right. We started saving money for college when our son was born (he is 2 years old now),we put money in savings for a cushion, we not only had our work pensions-but we additionally invested in deferredcompensation to make sure that we would be able to have a comfortable retirement while being able to afford our son'scollege education.

All of th is went POOFI in one moment because of your inordinate greed and selfishness.

You are responsible for the failure of businesses that were in operation for years and years, and for hundreds ofthousands of people losing their jobs. .

Do you feel guilt about this?? Absolutely not! Even now your attempts to hide your liqUid assets by signing them over tomembers of your family, and mailing your other (solid) assets to members of your family shows us that you do not carethat you are solely responsible for the current worldwide depression.

I sihcer~ly hope that you spend the remainder of yournatural life in a prison (and not a comfortable federal prison, butsometh ing like th~ ultra max Florence), hopefully in solitary confinement, so that you can think of all the pain you greedhas caused. Anything less is not enough punishment, and sends the message to the public that you have bought yourway oot of this. ~

Sincerely,

1

-------------------------From:Sellt:To:Subject:

Saturday, March 07, 20094:53 PMUSANYS-MADOFF·Victim statement for madoff hearing

To whom it may concern:As MadoffVictims my parents are interested in giving a statement at the hearing to' be held on 3/12/09 but will

be unable to attend. Please advise us as to the procedure for suppplying a statement electronically.

Thank you for your help.

A GObd Credit Score is 700 or Above. See yours in lust 2 easy steps!

1

_.......-.......--------------""'-Tn's J

Re: Letter of Req\Jest for Madoff HearingLETTER TO THE COURTS,doc

Monday, March 09, 20094:04 PMUSANYS-MAOOFF

From:Sent:To:Cc:Subject:Attachments:

To the Office of the Prosecutor

Attention: Marc Litt, AttorneyLisa A. Baroni, Attorney

Dear Prosecutors, .I am writing this letter on behalf of my husband, _and myself. We

are victims of the Madoff scheme and are now financially unable to fly to NewYork to be present at the Madoff hearing this Thursday. We would like ourvoice to be heard and our message to go on record. We were hoping an eventsuch as this, which is very meaningful to so many victims, would be televisedor available in the form of a teleconference as was the Creditors Meeting ofFebruary 20.

I am enclosing our letter to the court in two forms. You may read it belowor download it from the separate attachment. '

We appreciate the work you are doihg on our behalf and hope you will beprosecuting Madoff and his entire family and accomplices to the fullest extentof the law. We are hoping for "NO SWEET DEAL".

liIliIIIliiours,.

Scottsdale Arizona

LETTER TO THE UNITED STATES DISTRICT COURTU.S. vs. BERNARD MADOFF

To the Honorable Judge Denny Chin:

Dear Judge Chin,

This letter can barely expregs the emotions that are behind its writing. It isfrustrating not having the funds to be in N.Y. to appear in the courtroom to speak

1

against this evil perpetrator face to face. The angst, tears, depression, and heartpalpitations that he has caused cannot be felt on paper, but they are here.

You, Bernard Madoff have committed multiple crimes. There are the crimes ofsecurities fraud, money laundering, mail and wire fraud.Crimes to be added to this list are the abominations that have resulted from yourmassive scam.You are a murderer. There have already been two suicides that have been publiclyattributed to your deeds. A check into other recent suicides would probably revealother incidents which families have chosen to keep private. .You are a rapist. You have stolen one of the most intimate of personal properties,the self esteem and fruits of a life's work. You have ravaged dreams.You are a larcenist. You have plundered'and looted the savings of thousands ofvictims while lining your pockets to provide an extravagant lifestyle for yourselfand your entire family. This is 'generational theft'. You have stolen not only fromus but from our children and grandchildren who would h~ve benefited from our lifesavings. You have also disintegrated charities whose beneficiaries will no longerreceive necessary funds.

There is no person of sound mind who actually believes that you acted alone andthat your family, if not 'physically aiding and abetting your crimes, was unaware offu~~~ .Justite would mean life imprisonment for you for the depredation you perpetrated,to be served in a regular prison facility with common criminals who havecommitted all of the above mentioned crimes. No country club prison for you. Youhave had way too much of the country club l~fe to the detriment of fellow members.Justice would mean that your entire family, including wife, sons, brother and niecerelinquish all monies and properties derived from their ill-gotten earnings andproceeds from any and all related Madoff businesses. And of course, if shown tohave criminal connection would also serve time in prison. Your family membersyou are working so deviously to protect should be forced to live at the same povertylevel you have forced your clients and friends into. Why should your family liveany better than the most devastated ofyour victims?

You are in a position now to make a sman attempt at restitution.That would involve giving all information as to the whereabouts of your hidden.vaults of money.

2

That would mean giving back, in addition to other previously promised assets, yourFlorida residence, which your wife conveniently transferred ,into her name with helpof the Homestead Act at a suspicious time coincidental.with scrutiny of your

, business by the SEC.That would mean giving information about all those who aided and abetted yourcrime with compliance and/or countenance.Your failure to cooperate at this time is costing the government and taxpayers large '

sums in investigative fees.We, the victims, have been paying indirectly with "our money" for your security toremain in your "penthouse prison". That is a loathsome situation which willhopefully be remedied soon.Any help in monetary recovery to be distributed to the victims would be mostbeneficial at this time.

J;i'or public record we would also request that any political contributions that weremade by you probably to gain political favor be returned not to their favoritecharities but to the victims who are now in need of charity. "

.J •

In closing we are hoping that whoever is reading this letter feels the exasperationand bitterness that is intended here.

Respectfully your~,

Worried about job security? Check out the 5 safest lobs in a recession.

3

-----.._--._--- .

BAIL

-----------------_.....-_-------From:Sent:To:Subject:

..S·i~t·u·fd·ayl;'M'a·rc·Ii·-bI1.112I11!O·091::24PMUSANYS-MADOFFBernie Madoff

Please make sure that whatever deals "you make on Benie Madoff, include him doing some hard time in aless than lavish place. I might add, why was he allowed bond? With that much cash stashed everywhere,he is/was! certainly a flight risk.

-Tulsa, Oklahoma

1

SENTENCING AND FORFEITURE

,----------------------

------------------------------From:Sent:To:Subject:

Saturday, March 07, 2009 5:32 PMUSANYS-MADOFFUnbelieveable

I am not one of Madoff's clients, but I am $0 distressed for the people he ripped off, I cannotbelieve someone could be that cold and heartless, I sincerely hope he gets what hedeserves.........

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--------------------From:Sent:To:Subject:

111 i 3

This guy has ruined the lives of hardworking individuals who are honest taxpayers. I would hope thatyou give him theupper level of the sentencing gUidelines. The sentencing decision is going to set a standard of epic proportions to otherCEO's who are running these ponzi scams. We have elected the people who are presiding over this case, and you have aduty to the people of this society to punish these selfish individuals.

D.

1

--~-------------------)


His wi-Fe knew

,u.· . ;2 ;,.Saturday, March 07, 2009 3:37 PUSANY$-MADOFFPut him in jail

I'm out big buckos!

1

------------_._----- ----_._._.._.--_..__......•..._._ _ .

----_........---.......-----........--........._----From:Sent:To:Subject:

EVERYTHING should be taken from this "man"I"monster" who has taken EVERYTHING from so many.

1

-------,---_._,......,..,._._., ' ...."" ...." .. ,.

---------------------From:Sent:To:Subject:

Saturday, March 07, 2009 11 :39 AMUSANYS-MADOFFMADOFF

Having spent much of my professional life tracking Ponzi-schemers and other frauds, I've learned that they get off oncheating people. They have no remorse. You need to put this guy away for the rest of his natural life. Nothing less willsuffice. Also; make Mrs. Madoff convey all of the asset~ to the tr.ustee. She was clea.rly cognizant that somethingcrooked was occurring. Use the Unifrom Frudulent Conveyance Act and the bankruptcy equivalent to get back the housein Florida and the money she cleaned out of her accounts. She deserves a jail term too. Do a Fastowand give her alighter sentence if he coughs up all the hidden assets. He WILL lie to you til the bitter end. Your big stick is that even ajUry of dead fish would convict him This is probably the most depised man in America. Also, don't tet the brother off - heclearly knew something when he conveyed the Florida house to his wife. Most likely, the sons knew more than they areadmitting.

1

~_.. --..........--...............--------From:Sent:To:Subject:

Sirs:

My name isI am 62 years old.

Saturday, March 07,20097:59 AMUSANYS-MADOFFWhere is my money, Mr.Madoff?

,I live in Berlin, Germany.

Being a free lance artist I invested my savings in LG Umbrella Funds, Luxembourg, -a saJe deposit for arelaxed finacial supply for the last third of my life.What we investors didn't know:The Funds invested up to 15% ofour savings in Medoff-shares!

For me personally this means:300.000.- Euros lost overnight!

No relaxed financial supply for the last third of my life in sight!

Give me my money back, Mr.Medoff!It's only 300.000 Buras! Much less than the jewelry is worth your wife is wearing on her left hand!

I am not a corporate anonymous, Mr.Madoff.I am a human being, with a family to care for, ·and working hard for a living.

I feel ashamed to be part of a race that has to share this planet with people like you!--

1

_ ........................""""""""..............---..........---------From:Sent:To:Subject:

aturday, March 07, 2009 2:51 AMUSANYS-MADOFFSentencing

Thankfully I am not one of Bernie Madoff's victims. But, on behalf of those of us who rely upon the advice of those whohold themselves out as "experts" on investing, I ask you to show no mercy to oner who took our confidence and shreddedit for his own personal gainl .

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_ .....__.........._.........._-_.........._---From:Sent:To: .Subject:

RE: MADOFF CASE

J., [Saturday, March 07, 20094:31 PMUSANYS-MADOFFSend a message with yOur rUling

L

I truly believe that'the Madoffa should NOT retain their penthouse apartment and millions ofdollars:. when so many have lost their life savings and homes because of his ponzi schemes.I am appalled that senior citizens have had to accept jobs as greeters at stores simply toeat and pay the rent. Your ruling has to send a message to those who scheme to defraud thepublic.I absolutely have NO sympathy for Mrs. Madoff because she benefited from her husband'sfraudulent schemes. She shOuld check the want ads for housing and work, both should be madeto feel the pain they have caused others.

I sincerely hope the Justice Department fully investigates all offshore and internationalaccounts that they have created to hide their immense wealth acquired through fraud to leaveno stone unturned.

Because they have showed absolutely no remorse pUblicly, I feel they should be prosecuted tothe fullest extent of the law. They should absolutely not be allowed to live in the style towhich they have become accustomed.At this point in our national history, the Justice Department must show its law have teeth.I want t.hem to recognize that they are criminals and to apologize publicly to the people theyhave defrauded, some for over 3a years.

I need to say that I have personally never invested with Mr. Madoff or have ever met them.Nor do I hope to ever meet them. People are so enraged by their behavior that I sincerelyhope that they take up residence outside the United States. .

Yours most sincerely,

ndiana_

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---_.----.._ .

--------------------SUbject: RE: In the Madoff Trial

I hope that the Judge in the Madofftrial throws the proverbial book at Madoff. Some have committed suicidebecause ofwhat he did ... as far as I'm concerned he's guilty of murder.·

Hi!Portland. Oregon

1

------------------Ruth Madoff


S<;lturday, March 01,20095:53 PMjib

So, the $7MM Manhattan property and $62MM are ., in Ruth Madaff T 5 name II

and therefore should not be touched??? Just what kind of "work" did Ruth do to be able toaccumulate nearly $70MM in assets? Obviously 1 it is stolen money and should be returned tothe duped investors (which I J thankfully) am not). No member of the Madaff family shouldbenefit from money the nusband/father/brother/uncle stole.

I trust (hope) the appropri~te attorneys will pursue this argument.

Thank you.

1

_ ..........................................------_.............._---MADOFF FORTUNES

j[ 651 : .... jSflturdaYIMar~hp71 20Q910:21 AM

; .J( ... eFrom:Sent:To:SUbject:

DEAR_.

I READ THAT YOU ARE NOT EVEN CONSIDERING AN ATtACHMENT OF MRS.MADOFF'S ASSETS~

WHICH EXCEED $ 60,000,000.WHERE DO YOU THINK SHE GOT ALL THESE MILLIONS?

I STRONGLY SUGGEST THAT THE GOVERNMENT SHOULD TRACE ALL DEPOSITS INTO HER ACCOUNTS.EVERYTHING FROM BERNIE IS TAINTED, AND SHOULD BE ATTACHED •

•Pursuant to Treasury Department Circular 230, this is to advise you that, unless we expresslystate otherwise, e·mail communications from this firm are not intended Of' written to be used,and cannot be used, for the purpose of avoiding tax-related penalties.

The information transmitted is intended only for the person or entity to which it isaddressed and may contain confidential and/or priVileged material. Any review,retransmission, dissemination or other use of, or taking of any action in reliance upon, thisinformation by persons or .entities other than the intended recipient is prohibited. If youreceivedthis in error, please contact the sender and delete the material from any computer.

Mi8mf Beac:h, n 33141

)

-"""""""'-~-----------------From:Sent:To:Subject:

Monday, March,09, 200912:30 PMUSANYS-MADOFFLetter for the courts

I am writing you on behalf of the with a total of51 members. I am one of those members. This heinous crime has forever affected our lives andthe lives of many others. These funds in our aCCount, which were entrusted to Bernard LMadoff Investment Securities LLC, are the life saVings of hard working honest individuals. Wecontacted the SEC on several occasions and they verified there were no issues or concernswith Madoff1s firm and everything was above board. His actions, and collapse of Bernard L.Madoff Investments Securities LLC Firm, have ca~sed irreparable harm to our Investment Clubmembers. The impact. is far reaching. Some of the members, have,lost all their children3.sentire college savings, others have lost their entire nest egg, while many will have to selltheir houses just to survive. 'His actions and the actions within his firm have forever changed 51 people1 s lives. Thisdevastating event, has impacted 51 SUffering families.

In-addition, my father had his my Keough retirement account invested with Bernard L MadoffInvestment Securities LLC, The impact on his life and my family is incalculable. He willhave to sell his house. As a retired person who is in their 803. s , he is not in a position togo back into the workforce. Bernard Madoff has made a profound negative affect on my entire~amily. He should pay severely for his actions.All of Bernl:lrd Madoff Family assets should be qUickly re~distributed to the affectedinvestors as a show of compassion to the lives he has forever damaged.

Respectively, •••••••~

•

1

*c_-.......- -- _From:Sent:To:SUbject:

Monday, March 09, 200911:[email protected]:MADOFFFORTUNES

- - - - -Or' .From:Sent: Monday ~ ,2009 10: 30 AMTo: .7.~._••&'

• ·FO·RT-.UNESSubject:

Dear ••"

Suppose he transferred hundreds of million,s to her accounts during the past.Wouldn't you agree that all account histories must be reviewed by the auditors?

•Pursuant to Treasury Department Circular 230, this is to advise you that, unless we expresslystate otherwise, e-mail communications from this firm are not intended or written to Qe used~

and cannot be used, for the purpose of avoiding tax-related penalties.

The information transmitted is intended only for the person or entity to which it isaddressed and may contain confidential and/or privileged material. Any review,retransmission, dissemination or other use of, or taking of any action in reliance upon, thisinformation by persons orentities other than the intended recipient is prohibited. If youreceivedthis in error, please contact the sender and delete the material' from any computer.

"31:11_11.1212••71"

-----Original Message-----From: j . (USANYS)Sent: Monday, March 09, 2009 10:28 AMTo:SUbject: RE: MADOFF FORTUNES

Thank you.

- - - - -Original Message- - - --From: ..•.....' &-0 IJ S._... &Sent: Saturday, Marct?07> 2009 10:21 AMTo~ .SUbjed:: MADOFF FORTUNES

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-----------------_.•_-_ ..

DEAR.:

I READ THAT YOU ARE NOT EVEN CONSIDERING AN ATTACHMENT OF MRS.MADOFF' S ASSETS)WHICH EXCEED $ 60,0e0)0e0.

WHERE DO YOU THINK SHE GOT ALL THESE MILLIONS?

I STRONGLY SUGGEST THAT THE GOVERNMENT SHOULD TRACE ALL DEPOSITS INTO HER ACCOUNTS.EVERYTHING FROM BERNIE IS TAINTED) AND SHOULD BE ATTACHED.

-Pursuant.to Treasury Department Circular 230) this is to advise you' that) unless we expresslystate· otherwise) e~mail communications from this firm are not intended or written to be used)and cannot be used, for the purpose of avoiding tax-related penalties.

The information transmitted is intended only for the person or entity to which it isaddressed and may contain confidential and/or privileged material. Any. review)retransmission, dissemination or other use of, or taking of any action in reliance upon, thisinform~tion by persons orentities other than the intended recipient is prohibited. If youreceivedthis in error, please contact the sender and delete the material from any computer.

Miami Beach, FL 33141

2

_ ......~ ...........................------------------------------from:Sent:To:Subject:

__0:[email protected]: madoff

" ••_.N•••"\_ ~_.,., ~. _-"'•••_~~ ~._, ..- ;...... _~~ ~ ~_.._ ~~ ~_.,~••_ ~._ _ ,.,~ _ _.~.~ _" ,_~ft.. h ••••M_ ,< _ , •.' _n "..~ ,."~ ..' , ,.._~ ,, , ~ _ _., , ". _ .From:sent: Satl.JrdayiMarC:h ()7,2009 9:51 AMTO: .Subject: rnadoff

Dear·_

Please make sure to trace back all leads to recover the money Madoff stole from the all investors who put trust in him.To do that, all friends and relatives of Madoff's bank accounts history should be looked at for any big amount thatcatches eyes, preferably for last 10 years, and·if it needs to be, go even further. look for any big payouts or transferouts to see if it was to himself with different names. I am sure he buried and hide gold bars somewhere also.

)

Madoff's only difference from bank robber is he did not pUll the gun to steal from the investors but his activities werefilled with lies and intention of cheatings, and it's no different from traveling sales man from SC to rip off elderly folks.He s~ould be awaiting in Jail for his days of trial, not in his own home.

You should be hiring electronic fund transfer expert to trace back the money trails. You should also hire hands onaccountants who can actually examine and pay attention to all receipts and details.

It's so unconscionable for anyone to be that way especially someone who held important jobs once in SEC and WallStreet, and know a lot of respectable people in the community. Madoff and his family needs to be strip off of all oftheir: pennies because they did not earned it but stole from the people.

1

~-......-......_---_-......_-------From:Sent:To:Subject:

,Monday, March 09, 2009 10:46 [email protected]: madoff

From:Sent: SClturday,Mi:lrch Oi,2009 9:51 AMTO:•••••Subject: madoff

Dear~

Please make sure to trace back all leads to recover the money Madoff stole from the all investors who put trust in him.To do that, all friends and relatives of Madoff's bank accounts history should be looked at for any big amount thatcatches eyes, preferably for last 10 years, and if it needs to be, go even further. Look for any big payouts or transferouts to see if it was to himself with different names. I am. sure he burled and hide gold bars somewhere also.

Madoff's only difference from bank robber is he did not pull the gun to steal from the investors but his activities werefilled with lies and intention of cheatlngs, and it's no different from traveling sales man from SC to rip off elderly folks.He should be awaiting In Jail for his days oftrial, not in his own home.

You should be hiring electronic fund transfer expert to trace back the money trails. You should also hire hands onaccoun tants who can actually examine and pay attention to all receipts and details.

It's so unconscionable for anyone to be that way especially someone who held Important jobs once in SEC and, WallStreet, and know a lot of respectable people in the community. Madoff and his family needs to be strip off of all oftheir pennies because they did not earned it but stole from the people.

1

---_-...-_----------From:Sent:To:Subject:Attachments:

I j. j; rBa

From: .Sent: Saturday, March 07, .20098:35 AMTO: .Subject: Madoff Mess

Dear.......We are victims of the Bernard Madoff Ponzi scheme. Our lifetime investment was lost with him through Maxam Capital.Attached please find a letter I drafted to you in reference to this loss.

A Good Credit Score Is 700 or Above. See yours in just 2 easy steps!-,

1

~ ,. _ ,.,. ~ t "" ••• " .. " .

March 9, 2009

Dear'

Where is the justice? I read with dismay today that Bernard Madoffwishes to keep his condo and other belonging in his wife's name totaling$50 million. We are appalled to say the least. My husbandand I arevictims involvedwith his ponzi scam. We invested $475, 000 with himthrough Maxam Capital, afeederfund, only to discover that our moneywas lost. What a shock!

Money that took us 40 years to'accumulate lost in a matter ofseconds. Weboth worked, we lived in the same house for 30 years, we sold our houseand business in order to set us upfor what we thought would be acomfortable retirement life. This is not money lost in a bad economy,stocks going up and down, it is an, out and out theft done by someone foran ego rush, certainly notfor money, since he has plenty. Compared tosome ofthe victims losses $475.000 embezzledjrom us does not seem likea lot, but to us it was our life savings. You see we are the average

, Americans. We worked hard, bought a house, sent our children to college,andstruggled to make ends meet when we were younger in order to have asmall nest egg in ourfuture. I know that the admitted thiefdoesn't carebecause he is spending his time in a more luxurious place them I and 95%ofthe people in this country have ever lived in or visited. Not every victimis a millionaire or billionaire some ofus were just hard working people. Idon't for one minute'believe that he actedalone. I think that that hedecided to protect his family andfriends by taking all the blame. Doesn'tit make you wonder how his wife, children and employees didn't knowwhat was going on, but they're all sending their valuables to friends andrelatives to hide them. As far as I am. concerned he is an admitted tMefandtherefore nothing he owns is his ... it belongs to the victims. Ifany ofus are lucky we can sue everyone involvedand will have to pay to get ourown money back, maybe ifthere is any..

How do I tell my children I was wrong when I taught them to get aneducation, work hard, love life, respect others andyou too can achieve theAmerican dream.

It makes me sad to think that crime seems to pay in the U.S.A.

I debated whether to prayfor the return ofour money or Madoff's soul, Iguess it will be the money, since to do what he has done shows he has nosoul.

Sincerely,

-----------------------From:Sent:To:SUbject:

Monday, MarchP9,USANYS-MADOFF

. Madoff

I think Madoff and his wife need to hand over everything they "own" to give back to the privateinvestors, not even the non-profits etc., but the citizens who put their savings in Mr Madoffs hand.I think he and his mate should go to jail for awhile but I would like to see justice done by givingback to the little guy who lost their old age savings. The thought that they would get to keep 70+million plus a condo of incredible value is totally against any kind of Justice I can believe in.

Mr. Madoffis the epitome ofwhat's messed up ifrour system, make an example out ofhim ANDhis trophy wife and their trophy apartment and their trophy treasure. She's just as guilty as he is andshould not be allowed to go scotfree.

1

, ,USANYS-MAOo.i=FRE:

From:Sent:To:.·Subject:

..--------------

Dear SirlMadam,

My name is ajor William Foxton, the highly decorated British soldier whokilled himselfover losses in the Mado scandal. I would like to be kept informed of events in the trial, andwould also be willing to provide a victim impact statement to any sentencing proceedure.

Ihave included links to national and international coverage on my father's death.

BBChttp://news.bbc.co.uk/llhi/ukl7886894.stm

Fox News/London Timeshttp://www.foxnews.com/story/0.2933.491865,00.html

Washington Posthttp;/Iwww.washingtonpost.com/wp-dynlcontent/article/2009/02/14/AR2009021401640.html?hpid=moreheadlines

This story ~an in ~v~r 500 newspapers worldwide, so unfortunately _ was probably one of Madoffsmost promment VIctIms.

Thankyou for offering us the opportunity to be heard,

1

-_.--...............------------------From:Sent:To:Subject: '

_11:34PMUSANYS-MADOFFvictim of Madoff

Dear Sir.I am writing regarding the Madoff hearing on Thursday, March 12, 2009. I am not asking to speak at the hearing as I livein Florida and have no money to fly to NY. I just want to make a statement here.

I speak for all of my family who were wiped out entirely by this fraud. We had several accounts at Madoff and have beeninvested for more than 15 years. We have nothing left because stupidly we thought Madoff was an honest man. We put100% of our funds and faith In him.

I plead.with you not to allowhim or his wife to recieve any money such as the 62 milliollthey are asking for. It Isoutrageous for you to even consider letting Mrs. Madoff keep any money or their apartment. That money does not belongto them. It belongs to the victims of his scheme. Furthermore, I believe she, their sons, his brother and other people thatworked for Madoff were involved. Bernie Madoff isn't ~mart enough to do this horrible Ponzi scheme alone.

So. do the right thing. Put him In jail for 20 years, take away any assets, and arrest the rest of the people involved.

Sincerely,7

**************

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1

-""""". ......-.----------------From:Sent:To:SUbject:

Sunday, March 08, 2()09 10:23 PMUSANYS-MADOFFMadoffPlea

Dear JUdge Chin,

My family and I have been victims of Bernard Madoff,s scam. Madoff duped us and tOok a substantial portion of ourmoney. In many cases investors lost their entire net worth. Bernard Madoff and his family deserve to be left pennyless asmany of his victims were. He should also spend the rest of his life in jail for the many lives and charities he has rUined.

He is a dispicable person who constantly has a smirk on his face duringthe media pictures we hii:IVe seen. There is noway his wife earned $63 Million and deserves to keep any money and her fancy apartment.

We do not know what kind of plea bargin he has made, but anything less than financial ruin for hi~ family and lifeimprisonment for him is not acceptable for his victims.

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1

·_------------.-..

_____--.......0...-------_---From:Sent:To:SUbject:

Sunday, March 08,2009 4:37 PMUSANYS-MADOFFBernard Madoff

For the record, my name is age 74 married to for almost 52 years, and havebeen investing with Madoff since the early 1980's. In addition to my personal savings, my grandson's collegefund, and my daughters savings for retirement, my company!s Profit Sharing Plan was totally invested withMadoff.

Needless to say, we are now without money, except for our social security, to eke out a bare existence, my sons. savings for our grandchild college education, and my daughters family savings.

For justice to be equitable, the Madoff family should not benefit from the fraud they inflicted on their investors.Certainly, Ruth Madoff did not earn the $65,000,000 she withdrew fi'om the business nor the approximate$15,000,000 that was invested in both the Condo in New York and the home in Palm Beach, FL.

Justice that is not balanced is not Justice.

1


Sunday, March 08, 2009 1:43 PMUSANYS-MADOFFSHAME ON YOU/Ill!

It is truly a disgrace that this thief will get a slap on the wrist for his crime ofdestroying peoples lives. Youroffice will make acase for an eye for an eye for the simple reason that there will be no justice for his VICTIMS.SHAME ONYOU!!! How do you look yourselves in the mirror everyday knowing that you are just as guilty as'Madoff:

1

From:Sent:To:Subjeet:

Sunday, March 08, 2009 1:31 PM.USANYS~MADOFFBernard Madoff

We seem to keep revisiting fraud and it' 5 aftermath. One might ask, "Why?" There does notappear to be any deterrence. Nothing really bad happens to the perpetrators. They are allowedto squirrel away their ill-gotten gains. The folks who have been cheated never seem to getany relief from their loss.

This is not the way businesses should be allowed to operate. I am retired. I wonder why Iworked so hard and invested for my future. I cannot live long enough to recover.

MI

1

._~~ _-_._-" .


_.!!I!!! """""- - _Dear Sirs,

I guess reading for the umpteenth-time that Mr. Madoff is cooling his heels in his luxuryapartment. while working to settle with the government was just too much. Please do not letthis man off with 18 months in a cushy federal "facility" and a soft probation. BernardMadoff didn't write bad loans or bend a few securities rules. This man stole people'sfutures. He stole their lives and dreams.

Two links above the CNN story in which I found this email address, there was a link to storyabout Charles Barkley and how he'is beginning a jail sentence for drunken driving. He's beenon TV, he's in the paper, he's on the web. Mr. Barkley is paying an appropriate price for hiscrime of drunk driving. Please, please, help restore America's faith and trust in the systemby ensuring that Mr. Madoff pays the appropriate price for his crimes.

I know that prosecuting a case of this import is a complex a~d difficult job. However, I alsoknow that you, the men and women assigned to this case are our best and our brightest andthat you understand that there are real people whose lives have been seriously affected bythis monster. I trust that you will do what is right.

Good luck and our thoughts are with you.

Regards,

'-'1" coUSA!

1

From:Sent:To:SUbJect:

SUI1~ay,Mal"ch Oa,2009 11 :42 AMUSANYS~MADOFF

Madoff

•

1'm not a victim, but a very good older friend who does not have internet access is. She doesn't want her namementioned. .

You should NOT let this man retaining anything, no house, no car, nothing. You should force him to sell off allhis assets to pay back the victims who have been scammed. .He has obviously been funneling his illMgotten gains to others to avoid loosing everything. Like my friend, hetoo should loose everything, as should his family who obvlously knew this scam Was going on for years.

You throw Martha Stewart in jail for trying to avoid losses in the stock market and make her pay. You shouldthrow the book at this criminal and make him pay in spades. The shirt off his back should be sold to recoup thelosses. He lived his life in luxury for years and years knowing full well he was scamming those people whotrusted him with their life savings, like my friend. He lived the good life~ while my friend suffers by having tosell her house at a loss, and live off food stamps now. She is in her 80s now and worked her whole life andsaved every dime only to have this man live a high flying lifestyle she willhever be able to live.

If you let this man out, or let his relatives continue to live off the riches he plundered you are doing no service'to the community.You should make him penniless and homeless, much like my friend is now.

Thank for listening. I hope you will look into the faces of the victims and realize this man enjoyed his lifestyleoff the blood, sweat and tears of those people. Imagine if your own grandmother was bilked like this and in herlast days had to figure out what to buy Mfood or medicine. That's what he's done to many ofhis victimsincluding my friend. He deserves to have the book thrown at him time and time again. Giving him a pleabargain that lets him retain ANY money or ANY property is just victimizing people who did nothing but trust inhim. Please strip him of ALL ofhis ill-gotten gains and send them back to the victims.

1

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_ ...............-............-------_........-----_............_-From:Sent:To:Subject:

ca £ ....•Sunday, March 08, 200911 :25 AMUSANvs-MADOFFMadoff

It will be avery sad day for this country if this man is allowed to walk with no substantial jail time.

It will be beyond shameful for the court system!!

Check all of your email inboxes from anyWhere oli the web. Try the new Email Toolbar hOwl

1

~---------------------From:Sent:To:Subject:

He's got to be in the grocery during the busiest hours.

How about Six Flags, cheese fries, gold tuxedo 3:00 - 6:00 Then he cleans his on puke with a fork and astrainer?

6:00pm - 10:00pm clean public parks and restrooms

Date: Sunday, March 8

Sounds great, but can we still make him ride the Six Flags Stunt Man Drop .on Television onSaturdays from 7am to 3pm, with only Cheese fries to eat and puke all over a gold Tuxedo?

(maybe we should forward this to the DOJ...)

----Original Messagew---

Sent: Sun, 8 MarSubject: Re: Creative sentencing

That's actually to easy for him.

He should:Sat am - Bag groceries like 'some of the seniors he's impacted.

Sat pm - Clean public parks and restrooms

Sun - Clean pUblic parks and restrooms

Mon - Clean toilets and be forced to raise money for some of the charities and scholarships he'sscrewed. '

.'

Tues - Stand.on corners and announce in 101 ways how he's a creep

Weds - Work at a children's hospital or county ER

Thurs - Think of at least 10 ways to repay some of the stolen money

Fri - Work on a tell ALL book on theft, how to spot targets, how to pretend to be reputable,psychology behind what he did

While he does all this he lives in an efficiency apartrnentwith a roommate in a crappy neighborshood1

From:Subject: Re: Creative sentencing

Date: Sunday, March 8.

He should be strapped into a Six Flags Stunt Man Drop, in a tuxedo, for 5 hours per day,on television. Between "rides" he shouldpick up garbage in the park, also on Television.

He should only be allowed to eat greasy foods that are likely to make him puke often.

His alternative is to find and return all the money he can.

If he can't return it all, he can work off the balance at 5 doHars per hour, using his"relationships" to build in businesses that make his clients whole, and only do the Stuntman drop on Saturdays.

-----OriginaJ Message---Sent: Sun, 8 MarSubject: Your buddy Bernie

What about the public flogging he deserves?

The court filing urges potential victims who wish to be heard at the hearing to send notice to the U. s.attorney's office by 10 A.M., March 11 bye-mailing usanvs.madoff@usdo;.gov.

2

No, this email's not real, it's http://deadfake.com

3

MISCELLANEOUS

~....' - ...................................----.......................-_......._-_.......-From: .Sent:To:SUbject:

ia 1-

To the Honorable Denny Chin, et a!., in re: Madoff...Esteemed Sir:I hereby petition to be allowed to come to the Madoff hearing for one sole but substantial reason:I amahistorian of financial fraud and finaneialbubbles -- m doctorate is in US histor fromColumbiain _. andWeuldsu est that itrttiht be meet and reel-for outohave oneindividual present who can put theehtire Maden matter into histoticalperspes;tive.Before you say Nay, I beg you to consider:The history of bubbles started in London in the 17205. If we are to believe Prof. Bailyn .of Harvard, thesebubbles were so severe and nauseating that they spawned a literature of pamphlets which -- intellectually-- formed the beginning of the American Revolution. (I'd be glad to prove this, in a one-page memo, ifyou'd want it.) .The bubbles have continued for years. Some assert that the whole matter of 1929 was one sad, ,savagebubble.And, more widely, Churchill alleged~hat mankind's eternal fascination with Fame was, simply, apreoccupation with lithe bubble of reputation. 1I He refers to this on the first page of his only novel,"Savrola," and I can bring this to you in a memo If you would like.Sir, don't you think you should have just one solid historian there to put all into perspective?You may say, "Well, we do have journalists..." but, Sir, I do beg you: do not assume too SWiftly that theyhave the full give and take to be called historians.So now you have it, sir: would you grant one historian, a specialist on bubbles, to view the scene?I pledge that whatever I glean thereby will, in all, be used with tact and perspective.HaVing naught more to say, I' end now,sending you myriads of best wishes.Respe<;:tfully,

Windows Live™: Keep your life in sync. Check ltout.

Hotmail@ is up to 70% faster. Now good news travels really fast. Find out more.

1

------------.......-----------------From:Sent:To:Cc:

'j i I. j . 3 j

1

_ .....--------------From:Sent:TO:Subject:

Dear,-"

] am not a Madoff investor, but I am a long term investor in stocks. I have lost more than 70+% from my costbasis! over the last 18 months. IfMadoffinvestors get back what they put in, they made a great investment! Ithink the people who invested with Madoffwould be lucky to get back 50% oftheir cost basis. Everyone in the.uninsl.iT~d real world stock market is losing their shirts. Madoffstatements apparentiy did not reflect reality.Furthe:rniore, sounds like Madoff investors got their reward along the way in the form of large dividends.

Good luck sorting this mess out. But these people are not alone, and they need to be realistic. I am not in fraudinvestments, but looks like 'many of the companies I am invested in may be on the verge of bankruptcy.

Sincerely,

1

-~.~~...................----........---.........._--From:Sent:To;Subject:Attachments:

SatqrdaY,af9 ...,. . ... . .. :

Plttabhed: EMlldOff did not act aloneMadofe1_statistics prove other criminals involved_keller dkk1atverizondotnet mar7 4pm.xls

Upd~ted,spell checked version. Please ignore previous attachment to previous email.

l3estRegards,

Frotn:J

~:i1::saturda&MarCh 07, 2,Q09 2:57 PM

Subject:· Attached: Evidence Madoff did not act alone

Please review attached on an urgent basis.

1

--------_._--_.._------_ - _ .

Bernard L. Madoff

Statistics Prove Madoff was not only the only criminal involved and did not act alone.Jump to line 103, item 13 for summary statistic of 9 people..

Item1 Facts aM statistics:

How many Empire State Buildings high of paperwork was sent out annuallyby Madoff's hedge fund fraud team?Calculations:One San Francisco "area investment group, the Starlight group in Marin CountyCalifornia, (415) 927-7724, attn Joel JanOWitz, let's call them "SF", invested $24million In Madoff Hedge Fund.$24 mill invested in Madoff Hedge FundTotal FundS managed by MadoffHow many $24 Millions in $50 Billion?Height, in inch~s, of routine monthly paperwork sent to SF'investment group with'$24 mill invested: 4 inches."Routine" means "SF" did not make any deposits or withdrawals that month. Thiswas the height of paperwork sent as a "standard" investment monthly report of"transactions" and trades performed with "SF" 's money. If "SF" had deposited or·withdrawn funds In a given month the height in inches of paperwork would be about25% greater.Height, in inches, of routine annual paperwork sent to investment group "SF't with$24 mill invested: 4 inches per month x12 months =48 Inches.Height, in feettof~ annual paperwork sent to investment group "A" with $24mill invested; 4 inches per month x 12 months;;: 48 inches divided by 12 Inches;;: 4feetHeight, in feet, of routirte annual paperwork required to be sent for $50 Billion sincethere are 2,083 subgroups of $24mill within $50 Billion. Multiply 4 feet per year by2,083 SUbgroups of $24mlll within $50811110n =8,333 feet.

. Height in feet of Empire State BuildingHow many "Empire State Buildings high" of annual minimum routine paperwork sentout by Medoff people.How many "Empire State Buildings high" of annual minimum routine paperwork sentout by Madoff.. people when you add in added paperwork required when variousinvestment sub groups would make deposits and withdrawals and receive end-ofyear reports.

7

124,000,000

50,000,000,0002,083

4

48

4

8,3331,250

6.67

7

1b Fact:Could one person have processed 8,000 feet high of fraudulent transactJons, andsend out this much paperwork per year? No

2 Fact:

CUSIP means Committee on Uniform Security Identification Procedures. Eachstock trade must be accompanied by a CUS!P form. Each CUSIP form isreqUired to have the 9..character alphanumeric security number used touniquely identify a company or issuer and the type of security that wastraded. The CUSIP form provides a simple audit trail of a stock trade.

3 Fact:Since Madoff's hedge fund group was stealing Investors' money, the Madoffgroup had to pretertd to make stock trades as they didn't actually have themoney to make $50 BlInon worth of actual stock trades. The $50 Billion instock trades reported to Madoffinvestors using SEC required CUSIP formssentmonthly to the Madoff investors were therefore fabricated and criminallyfraudulent.

4 Another key st;::ltistic:Row many minutes Would it take tn an audit of one stock trade listed.on oneCUSIP form by someone with an eighth grade level of education to verify if thetrade listed on theCUSIP form was actual or falsified?Calculations:Time in minutes to look at CUSIP fon" and note the number of shares "traded" andfor which publicly traded. stock exchange listed, cornpany?Time in minutes to find phone number of the CUSIP listed publicly traded companywhose stock was "traded" by Madoff?Time in minutes to verify with subject publicly traded stocK company that saidCUSIP "trade" actually took place and was recorded as required by SEC regulationsby said pUblicly traded stock company? 3 minutes plus 17 minutes in holds andtransfers until right,person was reached.Alternatively, time .In minutes by an SEC regulator to verify with the NYSE, New YorkStock Exchange, that sUbject pUblicly traded company tr~ded on the NYSE, thatsaid "trade" listed on the CUSIP form actually took place an.d was recorded by theNYSE as required by SEC regulations? One call from an SEC regUlator to the NYSEauditor in charge ofverifying trades would take less than5 minutes to authenticate atrade listed on a CUSIP form.

5 Another key statistic:

5a How many times was the Madoff hedge fund sUbject to an SEC "review" ?

Since it would have only taken one 5 minute phone call to verify that a Madoff .CUslP "verified" trade did not actually occur, how many of the tens ofthousands of lIIIadoff "CUSIP trades" were actually verified by a 5 minute SEC

5b audit verification phone call during the 2 SI;C Madoff Investigative reviews?W~at does this say ofthe 2·SEC review "investigations"? Either the SECauditor was a paid co-conspirator, or simply kissed Mr. Madoff's ring and

5c went off to a long lunch.5d Has anyorte sUbpoenaed the 2 SEC review reports?

6 Another keY statistic: .. . .. Number of cOSlp reports, on aVerage, sent yearly by Madoff people to

$50Snnon worth of investors which consisting of 2,083 $24:'mlll sub groups of$24 million. the SF Investment gr9up on average within it's 4 inches ofmonthly routine technical SEC conforming paperwork.Calculation: .

22

1

1

20

5

2

o

349,944

iI

Number of CUSIP reports sent monthly to the SF investment group (with $24 millioninvested) on average within it's 4 inches of monthly routine technical SECconforming paperwork.

Number of CUSIP reports, on average, sent yearly to the SF Investment group onaverage within it's4 inches of monthly routine technical SEC conforming paperwork.Equivalent number 01'$24 million subgroups within $50 Billion?

7 Another key statistic:

What was the minimum.number of falsified CUSIP forms generated byMadoffs people? Calculation: 14 CUSIPs a month x 12months:; 168 CUSIPforms per year for the $24 Mill SF Investment group. There are 2,083 similar$24 million subgroups within $50Bilion =2,083 11'168 CUSIPs =349,944falsified CUSIP forms per yeargEJnerated by Madoff people (co-criminals.)What was the minimum number of falsifiedCUSIP forms that the SEC did notreview CIS to accuracy? generated byMadoff people (co-criminals.)

8 Another key statistic:'How many years, minimum, of CUSIP documents available for SEC to review?

What was the minimum number of falsified CUSIP forms that the SEC did notreview as to accuracy generated by Madoff people (co-criminals) over a 6year time period? 6 yrs x 349,994 CUSIPs per year =2,099,964.

9. Another key statistic:

10 Another key statistic;How many employees working "x'· minutes per month ala It fake to"manufacture" the falsified CUSIP SEC conforming forms sent to ,$60 Billionworth of investors as measured in number of co-conspirators reqUired tofalsely fill out the fake CUSIP forms working non-stop except for requiredbreaks for lunch, coffee, and bathroom?roundedCalculation:

14

1682,083

349,994

349,994

6

2,099,964

o

7.48.0

_ ...................-----------------------------From:Sent:To:Subject:

Satllrday, March 07.200911:54'0••3

.. 6'Judge Chin's Order

In looking at #6 of Judge Chin's order can we Infer that Judge Chin will make the determinations he mentions onWednesday after 10 am?Orwill victims who send emails to your office be told prior to March 11. that they will be able to attend the March 12.proceeding? .

Thank LiOU.'••••

· .'.,' ',' ' .... ' .. '",_ ...~~......------~~-----------


Monc:l~YI March 09,20091:55 PM,USANYS·MADOFF .Looking for help for victims

My children lost all of their savings/college fund at the hands of Bernard Madoff. We havefiled a claim but have heard nothing. We are frustrated at the conflicting information thatwe are. hearing on the status of the claims. We are under an investment club 11 I' ;•. I but we are hoping to be able to collect funds as individuals. Can youplease let us know the status? .

Thanks.

L

1

-~~------------------From:Sent:To:Cc:Subject: Madoff Victim 5

To Whom ItMay Concern:

1believe my parents are victims of the Bernie Madoff ponzi scheme. Their investment was indire~t, through some sort offund, the name of which I do not know off hand. My dad said the fund had a portion of its holdings invested withMadoff and that their personal losses might be between $350,000 and $700/000. I do not understand all of the.details. Iwas reading an article on CNBC.com and they had this link to contact the Justice Department if you think you may be avictim of Madoff.

My parents contact information is:

Any assistance or guidance you may be able to offer would be greatly appreciated~ I certainly hope that the JusticeDepartment is doing everything in Its power to put away Madoff and those who collaborated with him to defraud somany investors.

r

!!!!!!!!!!!!@.!!!t - .......__- _From:Sent:To:SUbject:

Monday, March 09, 2009 1:21 PMUSANYS-MADOFFMadoff victim

I am a victim of this Madoff mess by virtue of my "investment" on 10/01108 in the Spectrum Fund. Please let me know if Ishould communicate any more information to this office. Any information or direction is helpful and appreciated.

President/CEO

. - .

~".. - --- ......:..;;,.;.,

~ Please consider the environment before printing this a-mail

The information transmitted is intended only for the person or entity to which it is addressed and may contain confidentialand/or priviledged material. Any review, retransmission, disemination or other use of, or taking of any action in relianceupon this information by persons or entities other than the intented recipient is prohibited. If you receive this message inerror, please contact the sender and delete the material from all computers.

1

!d!!Jl!!!!!••»:_. - -- ---------__-


kUl1day, March 08, 2009 5:06Itt; •USANYS-MADOFFMadoff better ryof change his riame to Gotoff

1

-From:Sent:To:SUbject:

.-..-...-.------------------_.........-.-------SllhdaY,fvlarch 08, 2009 3:20 PMUSANYS-MADOFF.Can't afford to appear

To Whom it May Concern:

As a retired teacher who has lost her life savings and is currently excluded from SPIC coverage as a secondaryclaimant, there is no way I could possible afford to travel from Montana to appear in court to testify to thedamage that has been done by Maddoff to victims such as us. To make the unbelievability of this situation evenworse, others who lost money with this man are beginning to get checks while "little people" like myself whoinvested through a trusted friend are excluded.

My plea it that the SPIC coverage be expanded to cover those ofus who lost just as much as those who directlyinvested.

Sincerley,

• MT 5? 5

1

!From:Sent:To:SUbject:

Suhday,· March 08, 2009 11:29 AMUSANYS-MAOOFFShame On You

You are one of the lowest existing people on this earth and you obviously have no compassion forothers. You must be void of any human emotion which makes you truly evil. God must be frowning onyou with a heavy heart in your time of jUdgement for your crimes. What we as a nation are facingtoday is the consequences of corporate greed. The rniddle class was abolished which left a shockinggap between the rich and the poor. Families are being torn apart with losing jobs, homes, insurance,transportation, retirement and the list goes on. Our children are suffering psychological disorders withitheir parents because the American Dream was taken away by the truly greedy in America. How darean American Citizen take advantage ofthe hard working average workers in this nation. You must bementally unbalanced to commit such a crime. May America survive this state of confusion and doubtbelieVing God's message, "Thou shall not suffer for food, shelter and clothing. Arnen". I hope you arestripped of all assets to repay those you stole from. Your holiday has come to an end. It is time foryou to do hard work from this day forth so that you are taught what\ being humble is all about. Youmust pay your debts!1ISincerely,

1

FroM:Sent:To:SUbJect:

Sunday, March 08, 2009 7:23PMUSANYS-MADOFFvictim who Wishes to be he~rd

To Whom ItMay Concern:

I am writing in response to an article that appeared in!he New York Times by DIANA B.HENRIQUESPublished: March 6, 2009

March 8,2009

In December 2007/ I invested money inElendow Fund LLC. In January 2008 Elendow investedindirectly in Bernard L. Madoff Investment Securities, LLC through accounts in the name of RyeSelect Broad Market Fund, LP and in Senator Fund, LP.

_I had two accounts in Madoff/Elendow one was my IRA and the other one was a regular account.My MadoffIoss from January 2008 through Dec. 11,2008 is $5,301.41 for the IRA account and$192,089.89 for the regular account, for a total of $:.1.97,391.30 in both accounts (1 used a calculation toarrive at a basis interest, the previous fig:ttres are art estimated loss).

1had recently sold my house and invested nearly all of my capital into the Elendow Fund that was inturn invested intoother funds that were invested 86.7% with the Madoff firm. This represents about36years of hard work and savings. This money was going to be used as retirement for my partnerand my self. Being self employed for my adult life has left me without any sort of pensionlretirementplan except for Social Security payments that will be' quite limited. To add to my financial burden, myson was recently diagnosed with Multiple Scoliosis and now I'm faced with trying to help him withhis treatment which is very expensive. I'm saddened that I have no way ofassisting him financially asmy income is limited and I'm barely able to support myself at this point.

My remaining assets are affected greatly by the down turn of the market and other thefts (Art Nadel)and this leaves me with essentially no liquidity and no assurance in the stability of the remainder ofmy small portfolio. .

At this point 1am looking at very limited prospects. My IRA account is not able to declare a theft lossas far as taxes are concerned, and theft loss tax advantage would be most effective if I were in ahighex income bracket; unfortunately at this time that is not the case.

Please extend SIPC protection to me and include me in any other avenue that might offset anyportion of this theft. .

Sincerely,

1

--_ --_....•-. , .

1],1tlH",.~MT;;JI &MIg t.. _ _ AJI"O"

. - - - - ---

2


Saturday, March 07, 2009 11 :11 PMUSANYS-MADOFFZzz

»)( (/ - - I

(1(.)(.)1)-~-.aeeo-()-oeee.------

This e-Mail is sentwith recyclable

electrons.---.oooe-------------------

1

-=...;..---.........--------------From:sent:To:SUbject:

~~_: IEmail:

Sunday, March 0/3, 2009 6:50 AMUSANYS~MADOFF

~

1

Dear Judge Chin, March 9; 2009

)

I am a Madoffvictim. So are my wife and lwo children.

I am 6'6 years o'ld, my wife,'" is 45 and our two children,~n.,l::lre 13and 10.

In 197Q,Jst~J;"t~dJl1'paper

fter 34 years

•......... . sold . in2004.Atthesuggestionofafriend, I invested the proceeds with BenlardMaQoff. Prior to Madoff lh,adinvested in Treasury bilJs because I was looldng for a risk free vehicle. My friendassured me that Madoffwas just that after years of steady returns on hi~

investment. .1 was also assured by the Cohmad sales representative thatpreservation of capital was Madoffs primary concern.

I checked Madoffout and found that he was a past president of NASDQ.What)didn't know and could never have known was tllat there had been multiple_warnings to the SEC about M.adoff.lfthe SEC had done their job-and policed Madofflnever wO~lld have had the opportunity to invest~thhim.

It was important for my investment to be risk free because the distribution wastabe used to pay f01" all my family expenses, including my children's schooling. :Myinitial investment was approximately $2.5 million from the sale of the busin.ess and'subs.equently r invested another $181,000 and $4·70,OOO,.proceeds from the. ~;ale of

. two properties; one the -home of. my deceased father, ~nd the other ou~ family home .becaus~ we moved from~to. .' . We m~de this move to becloser to the private school our children were attending. . .

By December 11, 20081 had just about my entire life savings with Madoff. Now that.is gone. With the loss of the principal investment and the quarterly disbursementsfrom Ma.dqff my family is i~ finalicial jeopardy. We are living on my social securitypaymentsl the generosity of friends and the sale of possessions. We are facing theprospect ofwithdrawing our children from the school we moved to Pennsylvanianto be near, with the necessity ofselHng our house and w~tllthebigger question offinancial 5urvival- in the future. wiU we have money for life's basic needs such asfood, housing, clothing and utilities. The future looks frightening. 1 thought myfamily had security and now that is all gone.

We are immersed in a financial nightmare and have had to change our lives. I am nolonger retired, but JQol<ing for worl~, not an easy thing for someone ofmy age in this

"'.)

economic environment The prospects are dismal. My wife is substitute teachingandtaldng classes to become a full time teacher. OUf children are facing anunfortunate and unneCeS5al'y change in their educational pqth. O\lrlives hav(~ beenfundamentally altered and at limes we all feel desperately insecure.

Bernard Ma.dofrs Ponzi scheme has llad a devastating effect on the lives fn ourfamily. He has' robbed us ofour past financial achievement and destroyed the futurehopes fot' Qur £;hildren. OUf lives have been transformed from hard earned s(~curit:y

to unnerving uncertainty.

,) ,

)

March 9, 2009The Honorable Denny ChinUS DistrictCourtSouthern District ofNew York500 Pearl StreetNew York, NY 10007-1312

Dear Judge Chin,

[ am writing to you on behalfofmy elderly parents, my wife, my children, and me. We are all victims ofthe MadoffPonzi Scheme. Mom and Dad will tum 80 this year,have worked their whole lives in retailjobs, saved to put me through college, and are now retired, living in a small home in New Mex.ico.Everything they saved, over a long period oftime, was invested in Madoff's fund. That the SEC"blessed" his activities in 19~2 was a critical impetus to their investing and, subsequently my investing, inMadoff.

My parents are now completely broke and will try to survive on $25,000/year ofsocial security. Eachyear, they only took out what they needed to live simple lives, and now an ofthat security is gone. Thisevent has changed our lives forever. No matter what the restitution, my parents will probably neverrecover. They are scared, and I am scared for them. This has been, and will continue to be, a nightmarethat threatens our lives, our health and, ofcourse, our happiness.

\I had built a business from money that my wife and I had saved from working for over 17 years. Thebusiness was successful and when I sold it, I parked the money in what seemed to be a conservativeinvestment vehicle that supported my parents for many years. Now, most ofwhat I worked for my wholelife is gone. How can that be? It is surreal to us. It cannot be true.

It is true. Too true. I don't care what you do with him, so long as everything...everything is done torecover every dime that we can. THE MOST IMPORTANT THING IS RECOVERY OF MONIES SOOUR LIVES CAN BE REBUILTI No Madofffamily members or complicit associates can be left withour money~ Please do not let us down the way that our government has. Do what you can. Whatever youcan. Thank you.

Sincerely yours.

c

c

It has been difficult to putour feelings into this letter. Although it is on our mind 24hours a day, 7 days'a week, for the past 3 months..

We opened accounts for ourselves, our children, our IRA accounts. The minimumwas $40,000. Over the years we added our savings, rolled over money from otheraccounts, Our retiremi:mtaccounts were systematically added to, always planningto be independent in our 'golden years'.

OUf children's money began as an accumulation money we put aside since theirbirth, oftheir after-school jobs, baby sittingmoney, birthday gifts, wedding gifts,and savings from their careers. One daughter was saving for a home, she didn'twant a large mortgage, did everything right to plan her life.Another daughter had .recently deposited a bonus check into Madofffor 'safe keeping'.

Our accounts were set aside to pay for our grandchildren's education, something wewere so happy to do.. We saved for our retirement, and now every penny of oursavings are gone. We are retired, with heart conditions, and,the stress in our livesnow, that all of our lifetime savings are gone, is overbearing. We are not the richand famous as portrayed in the media. We are a family of hard working, fiscallyresponsible, family "concerned'people, who are trying to find a way to keep going.

Madoffwas no secret We paid our taxes, the IRS was fully aware ofthe incomethey were receiving from dividends and they saw the trading history. Ofall the shortterm capital gains, puts and calls. Madoffwas no small broker. The SEC knew aboutMadoff, they were supposed to be guardians of the investment world, but onlylooked aUhe small stuff, and were either intimidated, more interested in furtheringtheir careers, and/or ignorant about the investments they were supposed toinvestigate, They were not encouraged by their superiors to ask the questions we

, now knowto ask There are so many questions about why the SEC overlooked somany red flags exposed to them. What were they doing? What were they thinking?Why are THEY not held accountable?

So here we are, 3 generations plus extended family we were planning to alwaystake care of, with everything is gone. We worry about clawback, we worry aboutgetting sick, keeping our home, what ifwe need a car, what if our roof leaks,college expenses for our grandchildren, what if everything.

We know that the US GOVERNMENT did not do their job, dropped the ball, let usknow. PLEASE, do 'not let us down by allowing BERNARD L. MADOFF OFF THEHOOK. He has no remorse, he only wants to save his wife, his children, himself,and has the best attorneys money can buy. Find every dollar he hid, every dollar hesheltered with estate planning and overseas deposits. Put the victims first~ There istoo much to lose ifyou don't The integrity of our country is in jeopardy, and theworld is watching.

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Murch 9, 2009. -rhe Honorahle Denny Chin

Yllur )(unor:

In 191)2 MudulrmlU his (;ohorls dll]1cdllll.~ courl system intu receiving :-;1(1\(:n rlHlIlCY ;lntl pm'ising il on,fit: could'lmvc bcen stnppl~d Ihen. hilt lilT II plt:a Hgl'l.'cmcnl cngineered hy 1m Hnrkin. Dnn'l Ictll1l' court

.be m,mipukllcd again. Plcilscnmkc it hurd on him ifhc isn't fhrlhcoming with everything he knows m~uSlwcls UIWlIl clH:nns(liral()l'~ III' Icllow travelers. 1am It disahled lind rclrrcd s..:nior cilizclt Mnrc lhun(wcnlyycarsago my IRA wns inveskdllt m<ldnm'i hl'okcmgc; thrmtg.h un nV\ trustee. Thl~ trustee,Hdirt111Cnl ACCtllll1tH Inc.. is nuw called Fisl'rv. (iivcn thaI M.ldoll'l'l rirm wouldn't tlllnw me to use tinyolhcl'lru:-:h.'I.\ I would 110t pul il pm,1 him lohllvc hatln hand in crcming Ill' conlrnllint! ,miRA lruslc(lInpuny H~l U~ III gel ut pcopk's 1'1'til'cIl1cntl'imds some Iwcnly-liw yCm's ago. I tllll mllnng IWO Fiscrv~licn[:i who lostlhcir rclin:1l1l:nt savings. Fiserv Ims lIhlllll IJ5,OOll nthel' c1icnts. Fiscl'V hilS hcenitCCU:-:ct.lllr nitling und ahL'lling ]'llllZi Sdlclllcsin lhe pmit, TheI'l.' is:1 pllllcrn nr involvement. Pkm:c~Isk Madlllrtll rcwallhclruc ttml clll1lplctl' Iltlllll'Cnrhis uml/t)l' his l~(lh(\rts' rdt1li()l1~hips with Fiserv org~'lin:nll:nt lWCllllltls Inc. J)lcasc don'l 11:1 ugllilly plL'i1 shidd ,1I1y ulhe!'H involved as 1I11.~Y !lILly dnflll'thcl'lu1l1l11~1 lIIlSllspccting viclilllS.1\1I1 did was tn opcn till IRA :tml illV':S! it with a highly respected~lllCk hl'llkc/', (iiwn my age~ I will pmhahly die, liS will he, helhn: IhiH is 1'(':-;01 ved. This wmm'L how Ihnd hured III spl'nd my rCllluinint! yt.:W's when I l,'ustl.'d Ikl'llit: Milt/un: .

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March 9, 2009

The Honorable Denny ChinDaniel Patrick MoynihanUnited States District CourtSouthern Dishict ofNew YorkUnited States CourthouseD500 Peal'l StreetNew York, NY 10007-1312

Dear Judge Chin,

I consider myself one of the more fortunate victims of the Madotf scheme, if youconsider losing your life savings forhmate.

Ownin~South Florida for the past 15 years and still youngenough to continue to work, I have the ability to at least pay my bills for·thepresent time. Many of the Madoff victims, are older, cannot work any longer orhave not had to work, relying on the so called"false earnings" in their Madoffaccounts.

My business has overcome some very difficult times over the years (9/11,hurricanes, road closings, etc.) Today we are experiencing some of the hardest.This economic downturn, partially due to Mr. Madoff and coun-fless otherschemes yet to be discovered, .has caused a 35-40% decrease in my business. Myaccount with Bernard Madoff SeCUl'ities was there as my security which enabledme to persevere through those times. Today, I no longer have fllat. My sister,also a Madoff victim (who lost everything) and I are working seven days a weeksince fllis happened to try and keep the restaurant open. It is the only option we .have left.

Allowing Rufll Madoff to keep 62 million dollars and additional assets wouldseem to me to be a total miscalTiage of justice. Thatmoney, according to Mr.Picard was"false ealnings." It appears that they (the Madoffs) stole our monies. J

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Restitution for theft (by definition) is treble damages.

Since December 11,2008, I ,have lost all of my money with Bernard L. MadoffSecurites and endured many sleepless nights. I am wondering if Ruth andBernie Madoff have lostany sleep in their luxury penthouse with silk sheetsbecause at this point, it doesdt seem that they really lost anything.In the name of justice Your Honqr, please do not allow a plea bargain givinganyone in theirrunediate Madoff fa.rTIny (wife, brother, sons, grandchiIdl'en, etc.)any of our monies. All many of the viCtims from this travesty have left is thedrive to continue to fight for what is rightfully ours. The plea·agreement wouldtake a large portion of that away. .

Thank you for requesting victim·impact statements.

Sincerely,

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March 9, 2009

The Honorable Denny ChinDaniel Patrick MoynihanUnited States'District CourtSouthern Districto£ New Yo!"1cUnited States CourthouseO500 Pearl StreetNew York, NY 10007-1312

Dear Judge Chin,

Thank youfor affording Madoff victims a voice. Most of us·are in val"ied statesof anger, disbelief, panic and utter fear.

I am one of those victims. I had everything invested in Madoff Securities.I started investing in the late 80's through Mr. Madoff's father-in-law as a directinvestor into Avellino & Bienes. In 1992, my account was transferred directlyinto Bel'nard L. Madoff Investment Securities, LLC when the SEC closed downAvellino & Bienes. In a few months, I will be bankrupt because of the evil mindof Bemard Madoff. That has left me sleepless and constantly ina state of panic.

I worked veiy hard for the money I invested. I am not a multi-millionaire. I donot live a lavish life style. Having that account, allowed me to pay my bills andcare £01' my parents for almost three years. I have been able to help my brotherkeep his business afloat. Right now, we are working without a day off and shortstaffed in order to keep his.....-,iable during these tough economic'times. I am also hoping to~ keep my apartment and pay for myhealth insurance. '

The portfolios of Madoff victims were ours. The investment was alwaysconsidered to be safe. The SEC, the IRS, FINRA and the NYSE agreed. There isno way that we wouldhave invested or remained if there was any semblance ofwrongdoing. We filed our 1099's, paid taxes and reported all income ealnedfrom Madoff Securities, LLC.

Right now, Madoff victims are being victimized over and over again.

• We have been told by SIPC that if we took money from our accounts weare not eligible for insurance and.will be subject to clawbacks. According to SIPCrule 502·this is not true - if we received statements of purchased stocks we were

. insured.•Also, how can they be selling.a company that they said never made atrade in 15 years? '

• We have been able to see Mr. Madoff working at his Apple computer,fluffing pillows and enjoying all the comforts of home while many of us don'tknow where our next dollar will come from and have already lost our homes.

• Ruth Madoff has requested to keep $ 62,000,000 (62 million) of ourmoney. She said that was her inheritance.... According to her father's will, shewas onlyleft: $ 39,000 worthof stock, which she transferred to her sister. Sherecently wrote in her 50th High School reunion update " .. .I worked together inthe investment business he founded in 1960." Additionally, if Ruth Madoff isirmocent, why is she being represented by the same attorney representing herhusband?

• Madoff's brother Peter, his sons Mark and Andrew and other high levelofficers of Madoff Securities, Cohmad or Madoff recruiters have not beenindicted. The monies reflected in our November statementSal:e ours. TheMadoffs, firm executives and recruiters are in control of the"phantomfunds./I;... put away in h'usts or in offshore accounts. To date, not one of them has had todramatically alter their way of life.

• The elderly and disabled victims especially will have to become part ofthe overburdened welfare system. They will require food stamps, Medicaid andsocial services that they were contributing to before. Additionally, there aremany victims looking for work. Unable to find jobs with unemployment atrecord highs, they are beginning to realize that social services loom in theirfuture.

We need YOUI help in having the US Attorney, Madoff's counsel, Ira Sorkin (whomight be repl'esenting Mr. Madoff with a conflict of interest) and the FBI toinfOlm victims what he has revealed and where those assets are.

Once again, your Honor, thank you for the opportunity and hopefully openingthe door for some mudt needed help and future restitution.

Sincerely,

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March 8,2009

The Honorable Denny ChinUnited States Courthouse500 Pearl StreetNew York, NY 10007

Dear Judge Chin: .

My Iiusband and I are victims ofthe Bernard L. Madoff investment scheme. We are average,middle class s~nior citize~ who w.ptked all our lives untilwe retired 41 the.~d-nineties. TInslife-changing eventbas destroyed the foundation ofwhat we thought would be a comfortableretirement Our investment in Madoffgrew from inheritance money~ which represented myfather's life savings. As a retired federal worker, I live on a pension ofless than $30.000 ayear. plus my husband's small Social Security check. He is 75, with a lnstory oflung andbladder cancer, and numerous other medical problems. The Madoff "earnings" were used tosupplement our living expenses andto support our disabled daughter. Now our "nest egg" isgone, and we no longer have the means to assist ourdaughter.

The stress ofthe situation has compromised our health, both mentally and physically. We aredevastated. We feel betrayed by the SEC, FlNRA and Congress, who have all failed to takeresponsible actions to protect us.

We respectfully ask that you seek restitution for the Madoffvictims through any means atyour disposal. Members ofthe Madofffamily, including his wife. sons, brother, etc. shouldnot be allowed to keep their ill-gotten gains. Any information regarding the money trail shouldbe vigorously pursued~ This criminal has destroyed far too many families, and we are pleadingfor action.

We look to you for assistance in our pursuit ofjustice.Thanking you in advance, I am...

Most sincerely,

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March 9, 2009

DearHonorable DeIlllY Chin:My family has been devastated by the news. Our life was one way on December 10,2008, andanother wayan December 11,2008. We have not been able to recover emotionally and,certainlY, financially. It was everything we had.Rig11t now, I can't spend any tinle on Madoffs sickening character because I am trying tosurvive. What I need is restitution so that we can survive. We werent fancy people to begin with.I drive a 2005 CR-V, my wife the same. We saved what he had. And look where that got us?Every night I go to·bed with a calculator inmy hand, trying to figure out how I can make this'\-vorIe. In short, I can't make it work this way. So I have to think about how my wife and twokidsare going to survive. First on my mind is the house. I mayhave.to sell it as I never paid offthemortgage because I thought I had the security to pay it offin a couple ofyears.My children's education is important·to us and. that is where we prioritized om nmds. Now wehave to move the children out oftheir schools and .away from their friends. How do I explain this

. to-my children, when I can't comprehend it myself? .I cannot get over the fact that the SEC failed us·so miserably and that the government has nottaken steps to help~ Andthat the IRS has not yet relaxed the rules allowingus to amend ourreturns to 1992, when the SEC first failed in its efforts to uncover the fraud. Yes, people in thesetough times have lost a part oftheir retirement savings, maybe up to 50%, but whereas they stillhave something to build back up, we have lost everything.In our case, Mr. Madoffwas not some pipsqueak. He was one ofthe most powerful men on WallStreet, a former Nasdaq chairman. The fact that Harry Markopoulous uncovered the fraud in fivenllnutes (another four hours confirming it)and the SEC, with all the might and resources ortheUS government behind it, as well as having been notified for years and given a flashlight andblueprint by Mr. Markopoulous to the specifics ofthe fraud, failed to discover it, astounds me.Vie all trusted the SEC and its approval ofMadoff.My belief is that when credible and sufficient evidence is provided over a period oftime and thegovernment fails to act on that infonnation, it should always be held responsible. TIns is the onlyvvay to ensure that this kind ofthing will never happen again.It is time that the SEC and our Congress figure out a way to reimburse the citizens of the US wholost their savings with Madoff. Allocate a bill, increase the TAR.P, or increase the funding ofSIPe.Forty years Madoffwas in business, and agood twenty is questionabl~, the last 13 withoutquestion! These are extraordinary, exceptional circumstances. Making us whole is the only way~oright tins wrong ofthis mag:nitude~ ,-We are behoiden to you to help us: We believe that you have the right to demand ofMadoffmndlor his attorneys, to reveal where the funds are located. Ifnot, we will never have theopportunity to do it ourselves. Because we must focus our limited resources on surviving and not€JD legal fees.

:Sincerely yours,

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Dear Judge Chin,I am a 52-year old self-employed woman who invested my retirement fund andsmall inheritance with 2 limited partnerships which were feeder funds to BernardL Madoff.

This theft has affected me deeply.

My IRA was wiped out. I have no pension, and pay for my own health care, I amstill working, but the' recession is hitting my clients hard and as a consultant I amthe first contract to be cut. The money I had saved for just such a contingencywas also stolen.

. I am not rich. The money stolen from me was aU I had saved from my own work,plus my share of the sale of my mother's house. The entire amount I lost wasnowhere near a million dollars, but I was proud I- had saved it.

I do not own a home to sell. I rent a flat in~ I do not haveanyone to support me in myoid age. (feel~ some work, and Iam hopeful that the economy will pick up again soon and I will have clients again.I doubt I will be able to replace the money lIost with new savings, though.

I would respectfully ask that you put Madoff literally injaiHnstead of letting him. hang out in his very large well appointed home that he purchased with stolenmoney. I do not think it is the normal course of justice in our country to allowaccused criminals to continue to enjoy the fruits of their crimes while their victimshave to watch. So I would ask, why is this man being treated so kindly?

Sincerely,

FROM:

TO: HON. DENNY CHIN

I am at mywi1s end. I am not sophisticated orknowledgeable about investing. I worked all mylife, lived frUgally. I was told by a friend to investwifu l\I,Iadoff Securities and did so'...DIRECTLY. When I retired, having no Imowledge ofinvesting, I turned to Madoff Madoff.fu.vestmentSecUrities wouldDpt take my 401K ?I1d,conveitit to a IRA. So my meaning well'friend told me about ., . e managing 'partneraccepted my 401K and converted it to a IRA. 1 am 75 years old and physically cannot fmd work.

I need some restitution., I need to know where my money went. 1paid taxes on that phantommoney. I need to know why the family is not being indicted. Foryears, I called the Madoffoffi~e, to mquire how my investments were doing, I spoke to Frank or Erell,' they were on thefrontline. They surely.new be -yvasstealing my money. 1 need facts. Peter Madoffwasresponsibl-e for regula,tions, I want to know where he ishiding my money_ His sons and theirwives, where are-they biding my money" How dare Ruth Madoffhold onto $62 million and a .penthouse with my money, while I go begging for food stamps.

I can't afford to go to fancy al1omey's and give them $900 per hour or give them a percentage of'maybe my little insurance or 'tax money recovery. You are my eyes and ears, I am dependingupon you to get D;lY money back :from those crooks and let them try to get food stamps and live ina shelter.

Thank you for reading my letter, I appreciate the time and effort on my behalf,

Sincerely, ,A MADOFF VICTIM" HOPEFULLY A SURVIVOR

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FROM : FAX NO.

cwYorkNYjIIIIII....Fax: :W'..-March 9, 2009

lIollorable Denny ChincIa United States Attorney's OfficeOneSt. Andrew's P.lazaNew York, NY t 0007

Mar. 10 2009 12:09AM P2I.

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My wife and 1are senior citizens who have lost virtually allofour retirement savings d\teto Bernard L. Madoff. . ;

And now, we nre also being victimized by our own government..•by the IRS...which is!keeping all ofthe taxes that we paid on the l'phantom profits" Madaffreportedyear afte.r _year. We paid "ordinary income tax" for over 20 years with our own money, and canonly apply for arefund on the last 3 years' returns.

It looks like the IRS iii! the only beneficiary ofthe MadoffPonzi scheme.

Because of the profits we had to report, we were also forced into a higher tax bracket,which then made us subject to the AMT. This further resulted in our losing legitimate t4xdeductions and paying much more tax. than we should have.

My wife had invested a small amount ofmoney withMadoff in the 1980's and we realhicthat we have paid ordinary income tax on nearly $1 million ofetunrealized profits".

In 1995, I left ajob where I had worked for over 12 years and rolled-over my entire 401.,Kaccount into Madoffs Investment Securities firm. °

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10 years latef, in 2005,I tookthe money 1inherited when my mother died, and investedthat with Madoffas well.

I never took any disbursements from this account. It had been presented as such aconservative and secure investment, that when Ihad to take the Required MinimumDistribution, Iused up my other funds, and kept the Madoff-irtvested funds intact.

We hope that you can use your goadoffices to get the IRS to extend the number ofyears!.when people who have paid taxes on "phantom profits" would be able to file for refunds.

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March 9, 2009

The Honorable Denny ChinUS District"CourtSouthernDlstric! of New York500 Pearl StreetNewYork, NY 10007·1312

Dear Han. Chin;

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I am writing to with a very heavy heart. I am a senior citizen, who has been divorced formany years. As a real estate broker for the last twenty-five years. I have worked veryhard for all of my money. I raised three children and put them all through college whileliving frugally.

.As a self employed businesswoman, I knew that I would not have a pension to rely on soI look B small inheritance from my parents, my divorce settlement and the sale of myhome and invest~d all with Bernard Madoff. I believed that by building up my_account Iwould live off the income and have an estate to leave to my children and grandchildren.

That is aU gone nowl My children had an insurance polley to-help them pay taxes on my estate.Jhey have had to cash that in to give me me money to live on until I receive SPIC and IRS dollars.

Bernard Madoff took my hopes, dreams and self esteem. I feel violated and Insecure as I do notknow what the future holds (or me. Barnard Madoff Is making a deal. What Is the deal for me?The Madoff clan will continue to live In luxury With hidden funds and riches In countries whosenames we probably nElver heard of.

How did Ruth Madoff acquire such wealth•.:........As a bookkeeper, acookbook author? I DON'TTHINK SO. It is from other people's money•. Make her give It back and learn to live like the rest0(U9.

Why Is Madoff allowed to make a deal? WhO else was involved? Make the other responsibleparties pay for thelrcrlmes. My hope Is that Madoff rots injail with the other guilty parties.

Nothing will make me feel whole and secure for my future. At leasljustice shOUld be served bymaking hIm endure a punishment that fits his crime. He gives the devil a bad name.

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March 9. 2009

The Honorable Denny Chin

Dear Judge Chip,

We are writing to you so that you can hear our voices! I! Since 1992 we were invested with:BernardMadoffSecurities LLC. We were a young rnarriedcouple with two young children atthe time. Over'the yeats I worked hard to learn a trade as a glazierwhich afforded me to start asmall business. My wife became a physical therapistand haswo~ from the dayshe graduatedcollege in 1980. We both liave worked and saved our hard earned blood money to invest withBernard Madoff. Over the years we have worked full time in our professions while raising ourchildren. My wife always' worked. managing to'raise ourchildren,,-help' finaricially to pUrchaseour home and contribute to household living expenses and savings into HMIS.On December 11, 2008 our world crumbled beneath us as news ofthe Pom scheme becamepUbliC.

1bis tum ofe'Vents has been devastating to.our family. We lost our entire life savings..We arepeople ofmodest means and living ethics.. ~smoney was being used to provide our childretiwith the college education that they have worked so bard to deserve, and to provide us withsavings for a secure retirement~

Our daughter was in the middle of fhial exams when this took place and was looking forward toreturning home for winter break.

Upon her retmn from college) we told ber that she may not be able to continue to pursue herdreams ofbeing an attorney, becaUse her college funds were stolen by Bernard Madoff.She did go back for the spring semester but had to take on two jobs while managing a fullacademic schcduIe~ My wife has taken on additional employment after her full time sbifi as apbysicaltherapist. Herjob is physically and emotionally draining in itself. but to have to start 'working double shifts at 50 years old is absolutely terrible.

Immediately after hearing the news oftbis scheme we filed papers for financial aid to sustain ourdaughter through college. 1usttoday, we were informed that we are not eligible for any grantlIloDey. Our only hope would be to take ouf. loans. Well, in this financial environment, underthe circumstances ofbeing a victim how.could we possiblyrisk getting involved in furtherfinancial debt? Our own ehildrenmay at some point in the near future have to help support theirJlarents and grandparent through this torrent situation.

1am in the construction business and in this economy to hear that your savings has been pulledoutfromunder you is honif)ring as tbismoney is much needed to survive now in these badeConomical times, and in future retirement years.

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N()t only have my wife and I been affected by this ho:rrific situation. My in-laws were long timein'Vcstors and my father in law had passed away 18 months ago. He left his wife bclieving thatshe would be able to live in a safe an secure lifestyle with the money in her Bernard MadoffAccounts. Nowall she has to'live on is a sparse social security check and a small pension whichwill last one year. She may not be able to maintain her home and li'Ving expenses forcing her tomove in with her children all ofwhom were Bernard MadoffinvestpIS and now strugglingfinancially. It is our hope and in our prayers that she does not become ill and requireextraordinary means to sustain her in b.erown bome~ during her elderly years.

Your Honor, I want you to understand that we the investors are natthe criminals in this crime.1nstead~lliken this situationto a domestic holocaust.. We were attacked and now we are beingtortured to live With ina nightJ::nBte of fear and the unknown ofwhat is to become ofus.! Theimmediate loss ofour money was horrifying enough, without the threat-ofclaw-backs on moniesthat we ~elieved was honestly ours. We paid taxes to i;he Federal andlocalgov~ onphantom gains over the course ofour investment years which amounts to vast amounts ofcaskWe live in fear ofour health and well being. It is with your help and professionalism. that I urge

I yo).). to acldIessing this situation in a sympathetic fashion toward~ victim and provefo·us andour future generations that our Juducial System is one tlmt we can have"trust in.

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3/9/2009

The Honorable Denny ChinU. S; District COllrtSouthern District ofN. 1':500 Pearl StreetNY, NY 1Q007-1312

Honorable Jildge Chin,

Since that early morningphone call (2AM) fi-om Ollr son ilt NewJersey, telling liS that Bernie Madoffhad been ar1'ff!sted onfi-aud charges,our life has beenjilll ofdoubt and uncertainty_ The doubt began with thefact that we knew that the MadoffFll11dwas a high risk, butwe did not knowthat the riskwm;fi-aud We put $100,000 in thefimd in. 1992 with the hopethat this would start a solid Retirementplan for ourjiltllre. As the yearspassed, we continued to place our capital i12 the fimd, ending in 2008 with$853,000 ofour moneyfi-om business and real estate sales. We commentedto ourfi-lmds that it was a brilliant move on lvIadoffwhen·he withdrewfi·omany transactions with the stockmarket in 8eptember,2008. Little did'welmowthat our total oj$1,250,000probably did not even exist at thatpoint!!

Uncertainty has been in our life due to the evening news views ofMadoffin hispenthouse and the silence ofour government regarding anyoversight ofWall Shoeet. What was the supposedrole ofthe SEC during theyears ofour investment? We did notprofess to be investment experts 01'

economists, we could have used some government e"p:ertise and oversight ifthings were notprudent with Madofffor all ofthese years. To hear thatMadoffdidnot even trade in the market and our monthly statements were ajake was a real shocker. We lookedforward to reviewing the monthly}.tIadoffstatemen.t, it left u~ with a certainty that retirement and the "goldenyears" really did exist. Now who wants to hire us, a guy with a gimpy leg

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alid a woman ·who has fought cancer andpneumonia in thepastfelll years.We wait with uncertaintyfor the replyfrom SIPC and ifthere will be anyrestitution ofourfimds. I have not heardany comments abollt the effect thisMadoffcase has had on the american investor and Wall Street. Judging bythe DOW, how canyou havefaitlt in any investment We were in itfor thelong haul, but 170t a continued long haul offraud. Obviuosly Nfr. Al.ladoJfwas well connected with Wall Streeters and a 11elY smartguy, but whatabollt the rest ofthe family? We sent a letter to Governor Crist asldl1g howRuthNIadoJfreceived in Jam/alY 2009 (after );IadoJfwas arrested) aHomestead Reliefon her taxes in Florida when she is not afull timeresident ofFlorida. Now she wants the penthouse and $62 million o[\oIlhosemoney to survive·after Aladoffis convicted lVIadoffis TRADING here·!!Luckilyfor us, our children have volunteered to help liS in survival mode,maybe some certaintY is creeping back in to our lives. This is a huge weekfor this case, it reinforces our view that this is the greatest counhy becausewe are being heard and some interest isfinally being shown to the victims.We are all not rich and liVing in Palm Beach!! Let us alllearnfi'0111deregulation andfix some government oversightproblems and beh'ansparenf in what the government does. You are a great start!!

Respectfully,

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March 10, 2009

To the Honorable Denny Chin:

.As a 2 decade investor with Madoff I believed that 1made a conservative decision to ensure myfmancial health in retirement. I relied onthe reputation ofMadoff in the financial communityand the oversight and investigative responsibilities ofthe SEC to ensure that my Madoffbrol<:erage account 'was no~ a fraud.

I have always been concerned about my long teon financial well being. Upon graduating fromschool I joined the Navy and opened my :first IRA account. After completing my servicerequirements as an Aviation Electrician I got my :first job and entered into a lifetime savingsplan. My goal was always returns tempered by safety ofprincipal. Consistent returns withlo~ risk was ofutmost importance with all investment decisions. During the early 2000s whenll1any mutual fund companies reported30% or more returns I felt that the lower results reportedby Madoffwere consistent with my goals. I was willing to forego those up 30% years in order toavoid the down 30% situations.

I !Un now approaching retirement. Just 3 days before Madoff confessed and was alTested I metvvitb the illves1ment group at my local bank to see about reallocating the funds in my Madoffaccount into something ultra conservative (e.g. the muni bonds that Ruth Madoff so thoughtfullypurchased in lieu ofinvesting with her husband). It was my belief that I now had enoughassets to ensure a comfortable retirement with funds available to help other family members andalso support my alma mater with a scholarship in my name.

All ofmy well thought-out plans are now in a shambles. Not only will I not be able to retire at-what Americans consider the normal retirement age of65, but retirement at any age is out ofthequestion. Support for other worthwhile causes is no longer possible. Likely keeping the homeI now live in will be impossible as I get older and my income is reduced.

I 'ask the court to treat Madoffand all those associated with this massive theft as the criminals,fiey have proven themselves to be. A lifetime jail sentence in a nonnal prison is not onlyappropriate but mandatory considering the number ofinnocent lives that have been ruined.Please" do not consider the spa type ofincarceration often giveri to white collar criminals.Perhaps this extremely lenient approach is why we now have so many white collar crimes; thedegree of gain is not sufficiently offset by the degree and certainty ofpunishment. Do not lethis associates get away with this either. In todays Wall Street Journal there is a report thatAnnette Bomgiomo worked with two Madoffassistants (Semene Anderson and Winnie Jackson)to falsify trading tickets. It is incredulous to think that Madoffacted alone (as he reported to

, investigators) and this is likely the early indication that others were involved. Do you reallybelieve thatRuth Madoffmade over $60 million dollars (after taxes) by working as a

,bookkeeper? Why should the Madoffs get to keep any money when they have taken awayeverytbingfrom those who trusted and believed in them?

Hope:fi.illy, Judge Chin you can help us to achieve the justice and fairness that was denied to usby Madoff.

,}

March 8, 2009

RE: VICTIM STATEMENT

Dear Honorable Denny Chin:

I was a direct investor with Bemard L. Madoff Securities hlVestments, LLC. I amwriting this letter to express my frustration. with the system that is supposed to protectinvestors.

I hate the word "Ponzi". Rather, I feel I was a victim, in an embezzlement scheme. It_s~ems the govenunent or regulatory system came up with a word, in order to create anout for reimbursing the innocent victims of this disaster. Whatever you want"to callthis, Isti!l.feel rm inissing ~y life>.s savings!. . . _.....

When am i gomg to get a ~econd go~~ound to plan my financial future? i'relied on the" .regulatory system for securities and banking when I invested my earnings. What morecould I do than that ? When an individual screws up, he pays, so why can't thegovernment pay when they screw up ?

Please ask the government to take responsibility, and make me whole again.

Respectfully,

!.;i

Honorable Denny Chin

Dear Judge Chin,

Bernard Madoffwas not only a thiefofall ofour money ORAs, Investment Accounts,etc) but also ofour lives. For the most part the press has portrayed us as greedy richpeople •• I don't believe that lms been the case; We have been llard working "•• saving ourmoney: paying our tff?{esand believing in our government. We were direct investors. Inever heard ofany guarantees ofreturns - if I had then I would have been suspicious.

I went into a deep depression and for the first 6 weeks was unable to eat. I walked aroundas if in a daze. I still wake most mornings with a feeling of dread and disbelief- I'm stillwaiting to wake up from this nightmare.

We made many life decisions based upon the statemen1s we received over the past 15years - now those decisions have come back to haunt us. We have to sell our home (if wecan) in probably one ofthe worst housing markets imaginable. We have cut back on alldiscretionary expenses but the mortgage statements andother bills do not stop coming.My husband and! are now in our 60's. We don't have:the luxury oftime to accumulatemuch of anything anymore - those years have been stolen from us.

The utter lack ofa positive proactive reaction from our government and the approach ofthe agencies have been additional distressing aspects. Ifthis 11ad been a hurricane therewould have been all types ofloans and help available. The SEC has totally failed in itsduty ofoversight - I still have the article from 1992 where it was stated that no ponzischeme existed - we didn't invest until after that article. The SIPC trustee has. determinedthat we are to be paid on a net asset basis as opposed to the value of the account (up to$500,000.) as ofNovember 30 (phantom income) - this is very detrimental taus becausewe will be reimbursed so much less and in some accounts nothing. When we thought wewere withdrawing income,we now find out that we drew down our own principle - weNEVER would have done that. SIPC is trying to pay us the least amotint possible. Thisisn't even taxpayer money. Who are they answerable to? SIPC has issued 12 checks inthe 2 months that claim forms were received. There· are peopleollt there with nothing andSIPC 'proudly' announces 12 checks sent. The IRS and states have still issued noguidelines- they can 'go after' me for fraud with no statue ofllinitations but they cankeep the taxes I paid on the phantom income going back 15 years in our case. I have readthat FISERV the company that managed our IRA's has been involved in previousfraudulent schemes. Is anybody loo!cing into their responsibility?

)

. The feeling ofhelplessness and hopelessness is ~o totally overwhelming. There is nocentralized forum to go to. We now have no money for an attorney and we're told thatchanges to the law have to be initiated by congress. Although Madoff called this a ponzischeme it was so much more. Maybe you can help bring soine ofthese issues to light.Please help us.

Sincerely yours,

t

.,./

Honorable Judge Chin,

We would like to thank you for offering this opportunity to express our views in anticipation ofthe court appearance ofBernard Madoff on March 12th• We will not be able to appear beforeyou, but hope this letter accurately depicts our outrage with the circumstances that have befallenus and thousands ofother victims.

'My wife and I have both direct and indirect Madoffaccounts. Each month'we received ourstatements and reviewed the list of stocks and treasrtry notes which were credited to our account.Since these stocks were 11Ousel~0ldnames we felt secure and had alegitimate expectation thatour mooney was s~~l.I!~. This expectation was f\1rther stre~gthened 'since the SEC had investig~t~d

MEu!offover the years, and as recently as 2006 established that there was "no fi:aud~' 'involvedwithms methods. Since one ofthe reasons the SEC exists is to·providethe investor with a senseofconfidence we had once again a legitimate expectation that nothing was wrong. How couldone know that a social deviant was praying on all ofus! This man has no limits and no morals!It is heartbrealdng to read the stories ofthe thousands ofvictims he has robbed~ the money stolenfrom charities, and the level of disgust with the government and its non-existent efforts to protectus all that this has generated.

And now we are in front ofyou to see ifour government_will once again rise to our levels oflegitimate expectation. We look to the Judicial System with the expectation that you willprevent this robbery from continuing. Please extract all available infonnation from BernardMadoffregarding the location and then collection ofhis assets and those ofhis wife and family.It is beyond anyone's imagination that they have been shielded from this fraud and are innocentwhile sharing in Madoff's ill gotten gains all ofthese years. Identify his co-conspirators andlearn the extent of this crime and when it actually began, therefore setting a date that will enable1:he recovery ofour taxes paid on "Fictitious Profits" from the outset. In addition we need yourhelp in insisting that we have full disclosure from the US Attorney's office and that they will· doeverything possible so tIns can never happen to anyone else.

Although this theft has been a devastating blow to so many we still have very real and legitimateexpectations that justice can be served, the criminal gets caught and put away.

Sincerely,liS $ ; II. b---

ear Judge Chin,

For the past twenty-eight years, my wife and I have invested our moneywith Bernard L. Madoff Investment Securities in New York City. Twentytwo years ago, I moved my wife, myself, and my two very young daughtersto Florida after retiring and selling my business. Durirtg this time, Igained more and more confidence in my investment with Bernard Madoff tothe extent that all of my savings and monies I had accumulated wereinvested with him. All of my irtcome came from that source. OrtDecember 11, 2008, we discovered that Bernard Madoff was arrested andaccused of fraud and that our entire net worth was gone.

Other than the value of our home, which we are presently attempting tosell, we have no other assets. I will be 75 yeprs old in June, andfinding employment at this point is almost impossible. Through thegenerosity of friends, we are able to survive by paying our mortgageand otQernecessary bills. This help, of course, is bnly temporary.

At this devastating and overwhelming time in o.ur lives, your Honor, Ir.espect-fully request tha·t you consider .the pain and suffering that ..we- .are enduring. It is a struggle to gq'on each day with no real' hope forthe future. We need your assistance in the restitution we deserve. Wewould be so grateful for any help that you can" give to us and theothers that are suffering like us.

Sincerely,

•

-_.-----------------------From:Sent:To:Subject:

on· a • I

[email protected] victum

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Thanks fCJrdolng this

My Mom is 87 yearsold.\ has Alzheimer's and lostALL of her money - over $500,000ThatMo,",-ey was for herto live out the rest of her life In comfortWe had t-aoget her on Medicaid and find an assisted living center that would accept MedicaidThere arE;3very few in the tri-state area - only nursing homes. which she wasn't ready forSo now. Ioothmy mother and myself had to move, since she Was paying half of the rent with her "Madoff money" and sheis over an hour away from her family '.'She is ve.ry depressed and can't understand Why this happened to her

1

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What About Our Right to Expectation

As citizens in the United States from our earliest school days throughout our adult life weare told, we are taught that all men have the right to Life, Liberty and the pursuit ofJustice. I would expand that that to include the right to reach for the American Dream sothat we leave our world better than wl1en We entered, so that we leave our children With ahope and future better than our own. To assure that each citizen has this opportunity thegovernment establishes laws, rules and regulations to protect the citizenry. Theestablishment of tl1ese laws, rules and regulations entitles the citizenryto have a "right ofexpectation". .

What do I mean by "right of expectation? Ifour country were attacked we can expect ourgovernplent to instruct our armed forces to protect us. Ifa cri:minal commits a crime wecan expect the police to an'est him and the justice system to meet outpunishment.

Our parents 'and many people still living today lived through the'Grea~Depressionof'1929. During our county's recovery our government put into place laws, rules andregulations to protect its citizens and our country from ever again experiencing suchdisruption. It was these actions that gave us continued "rightto .expectation".

We could now expect that when a financial- institution made a representation it washonest and that we could invest with confidence. We could expect that with theestablishment ofthe SEC and more expanded laws, rules and regulations that charlatans,criniinals or other questionable people and instItutions would be heaVIly scrutinized andifthey failed to meet muster immediately dealtWilli. It is fuis "right to expectation" thatgave all Madoff investors the comfort zone to trust and believe 'that ifanything werewrong tl1e SEC and the full force ofthe U.S. Government would discover it and actswiftly. .

This right of expectation led us to make decisions we might not have otherwise made. Ifthe SEC had acted on complaints made in the early 1990's and told us to be wary ourtrust in our government would have led us to take.very different paths. For exampleWewould have invested differently; not have bought a certain type home or second home.Not used the equity in our homes. BOJlght different cars. Sent our children to publicrather than private universities. Lived more frugally. You get the point. But ourgovemmentutterly failed us by allowing the SEC to act as an "old boys club~' andrevolving door to self-enrichment. Our government misled us and abused our "right toexpectation".

We acted with faith and trust in our gover'nment. That based on the laws, rules andregulations they established after 1929 that Wall Street fIrms, brokers, funds, etc mustprovide truthful prospectus to all investors and keep those investors informed so evenpeople like me the little guy and not a financial wizard could make a fairly informeddecision on what to do with our money.

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Our government failed us, abused us, took advantage ofu's, and now many ofus aredrowning and our government is not throwing us a lifeline. Should we not have a "rightofexpectation" that our government will keep us from drowning? Should we not have a"'rightof expectation" that when our government is throwing billions ofdollarsat theAlG's and banks that have created the spiral of decay our county and world isexperiencing that they will "assist" us too? Not bailout but assist. Assist because allassistance can be conditioned for both the domestic and foreign investor that has lost inMadoft: Conditioned so that such assistance be used iIi a maimer that benefits liS all whileat the same time saves us from drowning. I'm a little guy and I am going down for thethird time. My arms are tired and I cannot continue to tread water. Where is mygovernment? Where is my lifeline? What did they do with our right to expectation?

...,.

u.s. Department of Justice

United States AttorneySouthern District ofNew York

The Silvio 1. Mollo BuildingOne Saint Andrew's PlazaNew York, New York 10007

March 20, 2009BYE-MAIL

Steve Chung, Esq.NBC Universal, Inc.30 Rockefeller PlazaRoom 1008ENew York, New York 10112

Indira Satyendra, Esq.Senior CounselABC, Inc.77 West 66th Street15th FloorNew York, New York 10023

Re: United States v. Bernard L. Madoff, 09 Cr. 213 (DC)

Dear Counsel:

Pursuant to your requests, and the Court's March 17,2009 order in Us. v.Bernard 1. Madoff, 09 Cr. 213 (DC), I enclose unredacted copies of nine letters sent to the Courtand the Government in connection with the March 12,2009 plea proceeding in this matter. TheGovernment intends to unseal as much of the currently sealed materials that it can, consistentwith protecting the integrity of our ongoing investigation and efforts to seize assets. With respectto the remaining victim submissions, we intend to redact all information that would lead to anauthor's identification unless we are aware that the author has no objection to identified.

Steve Chung, Esq.Indira Satyendra, Esq.March 20, 2009Page 2

Please feel free to contact me if you would like to discuss this matter further.

Very truly yours,

LEV L. DASSINActing United States Attorney

By:Marc LittAssistant United States Attorney(212) 637-2295

cc: AUSA Lisa A. Baroni

Attachments

:.-.

RICHARD B. SHAPIRO

The Honorable Denny ChinUS District CourtSouthern District of New York500 Pearl StreetNew York, NY 10007-1312

March 10, 2009

Dear Judge Chin:

I am one of the thousands of Madoff Victims who have been devas~atedby the fraudperpetrated by Bernard· M~doff an~ others unknown· t~ !-Is., I- have lived in LosAngeles my entire life,. 'and became. an investor through the recommendation of aFriend who had invest~d-with ',Ma!1orf for 'over 20 years. i had two accounts; one apersonal account and the second a Define.d B~n.e~t'Penslon. Pfan. Essentially, I havebeen nearly Wiped out economically <!s'a resl,lltof,Maqoffs·cdmes.,

Like other investors,l fals,ely believed that MadoffSecurities was' a consenrative andsafe pla~e to invest my money, our life sayings, pased on ,the charade he perpetratedand the sterling credentials that he' had,. a~bng with the bl;!lief that the SEC wasprotecting me against any· possible, fraud, Obviol,.lsly, rwas wrong on all counts. Inever met Of spoke with Madoff.personaliy;] bought.into ~he scheme hook, line, andsinker.

Upon graduation from colI.ege, I didIi~t go to:my commen,l;ement ceremony, I went towork. I continued to work long days from that'date forward pntU about 5 years agowhen I turned to doing p,hilarithropl!= non profit work. given the belief that I hadfinally saved enough mOl:ley to S,UPPOft 'a., pleasant lifestyle for me and my family~

Professionally I was a real ~state, dev,eloper and investor and owned commercialproperties until about 4 years ago when l ~hough~ the market was overvalued andsold most of my holdings. Upon sale ofthose assets'] took the proceeds and placedthem in my Madoff account Now eveiything I worked for and alII created over thelast 30 years is gone!

Upon learning of what MadoEf really was on December 11th I went into a deepdepression, and didn't leave my home until January 3r~. I lost 30 pounds, could notswallow food and lived in fear that my wife and children would be left penniless. Ihad no desire to Jive" no prospects of earning a liVing, no way to pay thebilIs. Can

..you imagine just waIting up one clay,and finding out samea'ne had stolen all ofyourlife's work and savings. I have to think itis what a person who has been raped mustfeel like. I felt violated, and I had reli~d on tbe SEC to protect me, not ever thinkingthat they would end up acting like co-conspirators or keystone cops.

TQd.ay, we have placed our home up for sale, we have cut back any and alldiscretionary expenses, and I am working seven days a week to just stay afloat.OUf lives have been turned upside down, forever upended, and we have little to. noprospects of ever earning back what we lost because of Madoffs crimes, hisgreed,and his sick perversions.

When you consider sentencing Madoff, please consider that many of us will livewithin our own jails because of Madoff. For many of us it is a life sentence as we areforced to live for life with the results of this fraud. We are emotionally foreverdamaged, and forever economically devastated. The truth is we Were raped and heshoul~fbetreated no differently than any rapist.

. Please do not incarcerate him in any prison that Is reserved for White collar crimeindividuals,. let him reside in a place whet·e there ate real criminals 'not "Club Fed"memb~rs or a minimum security environment - Let him stiffer the realities of reallydoing hard time since all ofus must do our time and we:didn't com.mit any crime,s.

, Tbd~y we a~l'l~~e in fear, mistr~st, and are ~api:i~e to ~he hope that t:h"e f~deraigoyernmentwill provide some relieflo us for thei'r failur.et.o 'propedy regqlate ~nddo their. job while permitting Madoff to infil.tra.te .the system that was designeQ top'rotect us. Any notion that he, or any of his family and qohorts will pe left with ,anyassets, is abhorrent to us. We lost our life savings, we lo~t everything, Madoff aridhrsJam.ily at the minimum must face the same consequences.

1 :beg .the court to consider the crime this man and his family. am!. organizationperpetrated on so many people, and that yo,u incan;:erate him· for the rest ofhi5 life,in con~Utions that are worthy of someone who has destroyed' and'raped so manyp~opl~ for life.

" .

Respectfully,('

,~--r" Richard B. Shapiro

MadoffVictim For Life

Richard B. Shapiro

6067 John Muir Road

Hidden Hills, CA 91302

Bruce Hector M.D.

BH, Madoffaccount# 1-ZA317-4, 65 year old married male with one college child, 19.

Bll, is family practice physician who was a product ofthe 19605, raised by Christian, middleclass, depression era parents who imbued in him the values ofeducation, thrift, personal security,equality of man, and service to others. Intelligent and fairly good at school he chose to be a doctorrather than a lawyer in part because that work dealt with problems created by nature and not man.As a young physician he opposed private medical practice because ofthe inherent conflict ofinterest between service and personal economics. In his early medical career he founded a FreeClinic and provided care to migrant workers. In 1977, feeling "you can't knock ifyou haven'ttried if' he purchased the practice ofa retiring physician in a lower and middle income,multiracial neighborhood of the San Fernando Valley, many ofwhom lacked medical insurance.To serve those less fortunate he created a Federally Designated Community Health Clinic thatcontinues successful operation today. His Christian upbringing had provided him a value systembased on "ifyou do the right thing selflessly things will turn out okay". He never owned aMercedes or large home and sent his kids to public schools and state universities trying to instillthe same virtues he had received. While his idealism sounded good, by 1988 he still had nosavings except $145,000 left to him with the passing ofhis parents.

Finding personal preoccupation with wealth accumulation repugnant and envious of his friends inacademia who only had to continue working till retirement to guarantee an 80% ofmaximumearnings nest egg, he was pleased when a Jewish friend he helped many years earlier offered himthe opportunity to take advantage ofthe investment strategy used by his father and other NewYork family members, all comfortably retired. The money was entrusted to an experienced WallStreet trader, Bernard L. Madoffwhose record ofsuccess was already almost 30 years old. All hehad to do was let the money grow, add a little from time to time and pay the taxes at the end ofeach year. By 2008 it had grown to 1.5 million (at least on his statements) and at age 66, whensocial security began he could retire comfortably but not extravagantly.

Liberal and humanitarian oriented, as well as blessed with reasonably good health, the doctor wasbuoyed by the ejection ofBarack Obama who offered a different perspective of service to help allmen, using science, altruism and basic Judeo-Christian values to move toward a planet where alllive in peace and harmony without harm to anyone or the planet, the fulfillment ofwhat heintuitively knew in the 60s. He hoped to use his remaining possibly 20 years to work on theproblems of environmental depredation and health care refonn by donating his services.

On December 11, 2008 this all changed. Having lost a major portion ofhis retirement, Dr. BHmust now continue to practice medicine, at least for 5 years more and pray some settlementthrough SIPC and tax deductions will allow him to recoup at least a third ofhis investment so thatwith social security he can live modestly and not be dependent on his children. Had he failed asmiserably in medical practice as the SEC regulators did overseeing Securities traders, surelycountless individuals would have suffered greatly. He trusted the system and was bitterlydisappointed by the lack of integrity ofregulators and traders. Lacking the .expertise tounderstand the operations of Wall Street he was compelled to '~st the professionals" just likehis patients must do with him" in matters of health and illness. He could not have foreseen howmisplaced that trust was.

dear judge chin

my name is allan goldstein. i am 76 years old and my wife~ who is ill~ is 73. iinvested my ira with bernard madoff securities 12 years ago. my ira was my entireli.fe savings.

i was always prudent and diligent with my investments. after being recbmmended tomadoff by my accountant who also invested with madoff~ i read the s. e. c. reporton madoff and entrusted him with my i.r.a. which was my entire life savings.

we are now destitude. i was lucky to sell our home~ which we have lived in for 19years. we are moving to los angeles to live with our daughter.our only source of income is social security and what ever our children are ableto give_us.

mr madoff has to sentenced to as long a jail term·as possible. this will not helpany of the victims but it will help prevent others from a crime like this. thepain and sUffering_m~ madoff has caused·to such.a large segment of people·~an not.. - .be over .looked.

t'espectfully

allan goldstein45 beaver dam roadspencertown, n.y. 12165518 392 7839

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A man stands before the court, the city, the state and the world admitting to thelargest financial fraud in history.

All the while imprisoned in his $7 million dollar penthouse. Negotiating a plea,recusing his wife and asking that her $62 million dollars be left alone.

Recusing his children of any wrongdoing and their fortunes should too, be leftalone.


Tens of thou.sands of individuals and families, around the world.'-.· children.grandchildren, parents, including my father, who testified before Congress inJanuary, are imprisoned with fin~ncial ruin by this scheming, lying, duplicitous"/ acted alo.ne'; criminal. _.

In some cases, these innocent people are being forced to sell everything. Theroof over their heads, their cars, jewelry, art, furniture just to eat and pay monthlybills. This while the economyreaches lows it hasn't seen in a quarter century.

In many cases victims are being forced into foreclosure, some left to care forterminally oro mentally challenged parents and siblings:.. who believed accordingto their Government, the SEC, their accountants, financial advisors that theirmoney, their hard earned money, was hard at work. "No worries."

Some of these people aged 60, 70. 80, 90 are wondering out of retir~mentanddesperately looking for work. This as the nightly news reports that 600,000people a month are being driven from work. These victims, as my father testified"were prepared for market volatility, but not fraud." These victims, many of whomare not and never have been socialites, just hard working. and harder savingfolk.

And yet when fraud was suspected, anc;f red flags went up, and whistles wereblown, somehow the former head of the Nasdaq, Bernard L. Madoff, quelled anyfears and everyone went about their business. Not once in ten years did anyonegroup or agency do anything to further or aid investigations. Yet in four hours,arfQed with nothing more a calculator, a definitive hunch and Excel spreadsheetprogram, Henry Markopolous, financial analyst. whistleblower found the thieveryno one else in ten years could.


I'

Mr. Madofff and his family deserve what his victims are left with: Nothing.Not comfort.Not security.No assets.A future void financial safety independence.

His victims deserve to have their lives and monies back.Their trust and independence restored.Their SIPC recovery adjusted to today's standard of living, not the $500,000 setin 1978.


As we sit here emotionally and financially devastated the swath of devastationone man knowingly committed is being documente~ in thousands of articles·, in

- 'film, on microfiche; in blags, in I)'oaks, and on tombstones of ~h6se,whowere leftdestitute, devastated, broken trying to bear the loss.

Let history stand filled with justice.

The plea of the victims should be louder than plea of-one filthy, vile, steal-fromthe-world, greed-is-good man and his disgusting wife and family.

Let it stand before this court in the eyes and ears of everyone affected by him,·that Bernard L. Madoff was convicted by his own sociopathic mind and means.He and his family, and their families, deserve to be its ultimate victims.Left with nothing. Not decency. Not sympathy. P~nniless. Just the shame of theirfamily name.

Unlike the thousands of destitute victims, like my parents, there should be nopieces for Mr. Madoff and his family to pick up.

Thank you,

Lawrence Goldstein,son of 76 and 73 year old victims Allan and Ruth Goldstein.

P;J-J j"JJ

Telephone Number (772) 781-9401Facsimile Number (772) 781-9509

E-Mail [email protected] 9, 2009

Hon Denny Chin.

This is one ofthe hardest letters I must write.

As a 74 year old married for 52 years, having lived a moderate life in a small house that we. called home& working .to p:fovide my family with the necessities required to provide an

environment that would keep them healthy, happy, and well educated.

When meeting my goal for providing a college education for my two children, we started to savemoney for retirement.

Since the early 1980's, we opened an account with Bernard Madoff, and religiously saved forthose golden years, hoping to enjoy maJlY ofthose things we sacrificed for our children.

Having served my country when needed, paid my taxes when due, and obeyed the laws, I wasdisappointed that our government promise to protect was epitomized by the total failure by theSEC to ignore their responsibility to safeguard our investments.

Now we are looking to the Judicial System to adequately punish the perpetrator of tins fraud thathas left us penniless, and help us to recover those promises of golden years we have worked sohard to achieve.

It seems hard to fathom how Ruth Madoff, a part time bookkeeper, could have amassed over$60,000,000 dollars on her own, aswell as, over $15,000,000 ofreal estate.

Fairness in the law would seem to dictate that MadofPs should not financially benefit from theiracts to defraud the people that trusted them.

Sincerely,

Neil Friedman

Lynn Sustak745 Hunting View Point

Atlanta, GA 30328404-303-0633

March 9, 2009

Dear Judge Chin

My name is Lynn Sustak and my husband and I invested with Bernard Madofflnvestment Securities beginning in 2003. We did our due diligence in researching thecompany and the individual. All reports were very favorable and we were not madeaware of any red flags.

We both work full time and thank goodness own our own home. However, we now havenothing for our retirement. Over time, most all of our savings were placed in the handsof Bernard Madoff. Our retirement looks bleak as our investments are totally Wiped out.My husband served our country in the Vietnam War and now I feel our country throughthe SEC has let us down.

To potentially allow Mr. Madoff and his wife to live comfortably in their New Yorkpenthouse with extensive financial resources is an insult to all the good people and theirfamilies that have lost their life savings, their homes and their security.

We can only plead that you will consider the enormous impact that Mr. Madoff has hadon thousands of individuals and charities around the world. This is a terrible crimeagainst mankind. We feel Mr. Madoff should be made to spend all of his "retirement" infederal prison.

Sincerely,

Lynn Sustak

Marcia Cohen3 Conchas PlaceSanta Fe, New Mexico 87508Tel: 505 466-0895

e-mail: [email protected]

The Honorable DemlY ChinU.S. District CourtSouthern District ofNew York500 Pearl StreetNew York, New York 10007-1312

3/9/2009

Dear Judge Chin,

In regard to my experience with Bernard Madoff:I had my life savings invested with his·firm for over twenty years when on

December 11, 2008, I was informed by television news that Madoffwas afraud. I am 78-years-old, a writer, author of several books including "TheSisterhood, the true story of the women who changed the world" and aformer editor with the New York Daily News.

I have never met Mr. Madoff. He was strongly recommended to me by myaccountant, Mr.Beinard Green ofFriedman, Alpern &Green, who claimedthat Madoffrepresented a safe way to preserve my small amount of capitalwhile still producing an income ofapproximately ten per cent. Mr. Greenintroduced me to Stanley Berman, who, he said, was my "salesman," andwho accepted my fIrst check. From that point on, I received monthly andquarterly statements froin Madoff which did indeed report approximatelythat amount of interest and often more. From time to time, I depositedoccasional checks and requested small sums by writing to Jody Krupi, whowas, according to Mr. Berman, the bookkeeper for the firm. The Madoffchecks always arrived promptly, and I used them for sustenance and to paytaxes. In 2000, I sold my New York apartment and deposited what for mewas a large sum with the Madoff firm.Although I have been seriously ill, I am now - to my relief and surprise - ingood health, as is my husband, but though we have always been fi'ugal, our

current way of life -dependent entirely on social security - can only bedescribed simply as "poor.)' Like so many others) I feel betrayed by mygovernment and count on you to do everything in your considerable powerto restore justice to all Madoff's victims, especially those who are NOT theadored ofthe media - the wealthy and well-connected. I would be pleased toanswer any questions you may have.

Sincerely,

Marcia Cohen

EUGENE WOLSIC187 Old MontaukHighway~ Montauk~ NY 11954 Tel: 631 6686100 [email protected]

March 9, 2009

The Honorable Denny Chin

Dear Judge Chin,

I am writing to you as one of the many Madoff victims whose retirement savingshave been virtually wiped out. Restitution is vital to us. I am 80 and not doing wellwith the stress. My wife is 63 and has had to go back to work.

We ask you to do whatever you can to see that Mr. Madoffs assets are fullyrevealed and Mrs. Madoff's claim of 62 million dollars is rejected.

Given the scandalous failure of the SEC and FINRA and that the IRS was the bigwinner, it is certainly justice that everyone in the federal government do what he orshe can to ameliorate this situation.

Please help arrange a meeting between representatives of the victims and the U.SAttorney and FBI. Information is the ground floor for us. Right now all is uncertainty.

Please help.

RespectfullyI Eugene'Wolsk

:.;.;,../

Laura Stein187 Old Montauk Highway, Montauk, NY 11954

March 9, 2009

Dear Honorable Denny Chin,

My husband, Gene Wolsk, is 80 years old and needs care. I am 63 and going back intobusiness, in tins economy, and tIlankS to Bernard Madoff, with no money. We hadinvested with Madoff for 21 years - obviously paying our taxes all that time. After theSEC found no reason to doubt Madoff's integrity in 1992, we moved more money over tohim. In the fall of2008, when out other brokerage account was down significantly, wemoved the rest ofour money to what we considered the safest, most tested and approvedoption we had, Bernard L. Madoff. (He certainly wasn't "Bernie" to us then.)

All we have left is our house and an insufficient income from social security, two smanpensions and a some rental money on building that requires significant upkeep. We are inserious trouble. This is no time to sell a house and we don't have the money to keep it up.In addition it is an "upside down" house and my husband is struggling to do the stairs. Itell you this to impress upon you the grave situation so many Madoff investors are in. It isimperative to us that we learn everything that is known about Madoff's operations andassests, domestically and abroad. It is hard for us to understand how Ruth Madoff can beclaimed to have "her own" money, when she never worked separately from him. Themoney providing round-tile-clock security, their residences and the reported $62-milIionis coming out of our restitution. Certainly Peter Madoffmust have been complicit.

Lawsuits are costly and time-consuming for all involved. As I understand it, much ofinformation needed to make any claim is being, or could be, obtained by the US attorney.A meeting between Madoffvictims and the US attorney office and/or the FBI is critical,so we can be fully briefed on what is known about the trusts, partnership accounts andcompanies here and abroad. We need as much information as possible. With tax andestate planning, it is likely his assets are in trusts for his heirs and offshore.

The stress we and thousands like us are living with is injurious to our health. My husbandhas failed considerable in the past two months. The stress on me to bring in money whilehe requires more of my time is overwhelming.

Clarity, openness, cooperation and genuine consideration for the victims ofwhat amountsto a national catastrophe are imperative. None ofus can contribute to an ailing economyas we are now. In addition, we stand as shameful examples oftlle consequences for allinadequately and unprotected investors. The SEC, FINRA and the IRS have beenshamefully negligent toward us. Please, we need your help.

Sincerely, Laura Stein

Tel: 631-668-6100, Fax: 631-668-1066, Email: LSteil1NY(ii),aol.com

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