Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK
AKA The Arsonist who Burns with his Game regardless
The Guide to Getting More Out of Life
http://www.thegmanifesto.com
I was a little slow on this one. I have been spending time going to charity events, donating toys for kids, and seeing nightclubs with no one stepping to Bottle Service. And swooping a fly Chilanga Mexican girl. All of which makes me happy.
Anyway, here it is:
“I still can’t quite get my head around the enormity of the numbers in the Madoff case. For one thing,
Madoff’s investment advisory business served between 11 and 25 clients and had a total of about $17.1 billion in assets under management.
Now that’s what I call high net worth individuals! And then you read the indictment, and you think you know what to expect, until:
On Dec. 10, 2008, Madoff informed the Senior Employees, in substance, that his investment advisory business was a fraud. Madoff stated that he was “finished,” that he had “absolutely nothing,” that “it’s all just one big lie,” and that it was “basically, a giant Ponzi scheme. Madoff stated that the business was insolvent, and that it had been for years. Madoff also stated that he estimated the losses from this fraud to be at least approximately $50 billion.
Yep, $50 billion. In other words, that $17.1 billion is only the beginning: presumably Madoff’s clients had invested much more than that, and Madoff was sending statements to them, on the one hand, while reporting different numbers to the SEC, on the other — none of which were true.
If the total losses are really $50 billion, that means that the average loss to Madoff’s clients is a minimum of $2 billion, and perhaps as much as $4.5 billion. After all, in a Ponzi scheme, everybody comes out fine, except the last people out: the 11 to 25 clients still with Madoff to this day.
The one thing this does do is get me a little bit more comfortable with Jeffrey Epstein’s business plan of managing billionaires’ money. Clearly there are actually quite a lot of people with a few billion dollars to invest and who feel perfectly comfortable entrusting it to individuals like Madoff and Epstein. Who knew?
Right now, there are a handful people whose world has suddenly been turned upside-down: who have, overnight, suddenly lost billions of dollars of dynastic wealth to a Wall Street con man. I’m sure that their names will appear sooner or later. But there really is no precedent that I can think of: when has one man ever managed to steal $50 billion dollars? If the $100 million Harry Winston heist in Paris was the “steal of the century”, what’s this?”
I have said it before, that G’s and heistmen don’t make the long coin these days. It’s the “tech crims”. It’s the Bankers. It’s the Politicians. It’s the Lawyers. They are the real crooks.
Sometimes I feel like I am being hustled only knowing half the Game.
But my crew hanging with the Wu-Tang Clan, sitting ringside watching Manny Pacquiao destroy Oscar De La Hoya , and swooping the above mentioned Chilanga has softened the blow.
So to speak.
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK
The Guide to Getting More Out of Life
http://www.thegmanifesto.com
Its hard to believe that Belly is already ten years old. Belly was directed by Hype Williams, of the fish eye lens fame on music videos.
“It was the best time of our lives. Getting Money was all we ever did.” – NAS
Most movies starring rappers suck. DMX, Method Man and Nas are good in Belly. Its also hard to believe that Hype Williams never made another movie after this. And Taral Hicks is mad fly.
“Sold my soul to the devil, the price was cheap. It was cold on this level, twice as deep”- DMX
The look and feel of Belly are insane. And it borrows heavy from Scarface. If you are going to borrow heavy from something, Scarface is the place to do it.
Michael Porfirio Mason
AKA The Peoples Champ
AKA El Campeón De La Gente
The Guide to Getting More Out of Life
The Guide to Getting More Out of Travel
http://www.thegmanifesto.com
A savvy band of jewel thieves, armed with guns and some posing as women, have struck in the heart of the city’s golden triangle of luxury shops, stealing more than €85 million worth of diamonds, rings and watches from a posh Harry Winston boutique.
The brazen $108 million theft Thursday, which some French newspapers quickly branded the heist of the century, reflected a savvy knowledge of the jewelry business, happening during the peak of the holiday season, when jewelry stocks are plentiful.
The police said that at least four people were involved in the robbery of Harry Winston, which is on a street of deluxe shops near the Champs Élysées that is crowded with boutiques for Chanel, Dior and Gucci. Around closing time at 5:30 p.m. Thursday, the thieves entered and confronted 15 employees. At least two of the robbers were dressed in wigs and women’s clothes, while a fourth accomplice apparently waited outside as the getaway driver, Lévy said.
The boutique has already weathered an earlier audacious robbery of €10 million of goods, in October 2007. At the time, the company offered a €500,000 reward for information leading to the recovery of its diamonds. In April, Harry Winston posted a pre-tax gain of $13.5 million from the settlement of its insurance claim in that earlier robbery.
To date, the record for jewelry theft remains a heist in February 2003, when thieves reaped €100 millions in diamonds from the vaults at Antwerp’s diamond exchange.
Points taken away for dressing in drag. Which is only slightly better than dressing in Ed Hardy Shirts.
You should wear custom Savile Row suits on a heist.
Still, not a bad day at the office.
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA El Campeón De La Gente
The Guide to Getting More Out of Life
The Guide to Getting More Out of Travel
http://www.thegmanifesto.com
Michael Porfirio Mason
AKA The Peoples Champ
AKA El Campeón De La Gente
The Guide to Getting More Out of Life
The Guide to Getting More Out of Travel
http://www.thegmanifesto.com
