Saturday, February 14, 2009

Bernie Madoff Postage Stamps (yes they are genuine)

Now I've seen everything. There are now genuine United States postage stamps with a picture of Bernard Madoff on them, that can actually be used to send mail. Madoff is the money manager who has been accused of a $50 billion Ponzi scheme. The stamps were created by a customer of Zazzle, which allows the personalization of postage stamps for a fee above the basic postage.

Don't forget to check out the article on the Bernie Madoff related suicides.

Second Death Connection to Madoff

Previously in December, we had written about a money manager who had invested $1 billion with Bernie Madoff and had committed suicide. Now a noted British Army veteran who reportedly lost his life savings investing in hedge funds that invested in Madoff's fund has committed suicide by gunshot.

Did you see the New York Times list of Madoff clients?

Friday, February 13, 2009

Donald Trump Fires Himself

Donald Trump is resigning from the Board of Directors of Trump Entertainment Resorts (TRMP) along with his daughter Ivanka Trump, since the bondholders refused his offer to buy out the company.

Eight Houses for Sale Across the US for $100 Each

It may be hard to believe, but Zillow is listing eight houses for sale at a reasonable price of only $100. And yes, there is even one in California and two in Florida.

Here are some of the cheapest houses in the country according to Zillow.

Michigan

Colorado (5 bedroom, 4.5 bath, 3400 sq ft)

Texas ( 5 bed, 3.5 bath)

California

Ohio

Illinois

Florida

Florida