Bernard Madoff perpetrated the largest financial crime in the history of the nation. I am one of those investors. The purpose of this three part presentation is to provide inforrmation about the role of government investigations of Madoff and to introduce a book written by 20 Madoff investors. This one-of-a-kind book tells the Madoff story from the victims. The presentation itself was prepared to give to a local community group that expressed interest in better understanding Madoff from one who has experienced it.

1. MADOFF AND THE LARGEST FINANCIAL FRAUD IN HISTORY Community Meeting Montgomery County August 26, 2010

8. Schapiro “ These aren’t bad People. In some cases they were people who were very junior and not adequately trained or supervised.” JULY 20 TH , 2010 THE SEC’S EXCUSE FOR NOT CATCHING MADOFF WAS BECAUSE THE SEC EMPLOYEES WHO CONDUCTED ALL 6 INVESTIGATIONS WERE TOO POORLY TRAINED AND SUPERVISED TO DO THE JOB EFFECTIVELY

12. FOLLOW THE FLOW OF THE MONEY Madoff’s 1099s to his investors IRS and State Taxes Madoff’s high salaries IRS refunds State refunds Huge profits paid to the 244 Special Madoff Accounts

19. SIPC INSURANCE SECURITIES INVESTOR PROTECTION CORPORATION OR SECURITIES INVESTMENT PROTECTION CORPORATION REAL OR IMAGINARY INSURANCE DOES SIPC PROTECT THE INVESTOR OR THE BROKERAGE INDUSTRY – YOU DECIDE

27. ALL THIS HAPPENED RIGHT UNDER THE NOSE OF THE SEC MADOFF DID NOT OPERATE IN THE SHADOWS AND SHOULD NOT HAVE BEEN UNDER THE SEC RADAR SEC TO BERNIE – WHERE ARE YOU BERNIE?

28. MY PERSONAL STORY AND THAT OF MANY OTHER MADOFF INVESTORS

43. WERE MADOFF’S RETURNS REALLY UNBELIEVABLE THE MEDIA SAID THE RETURNS SHOULD HAVE RAISED RED FLAGS

44. American Mutual Funds Average Annual Return 4 American funds started from 1934 to 1978 (year started in parenthesis) Madoff return reported by various news agencies Returns reported on Vanguard.com website, November 2009

45. Fidelity Mutual Funds Average Annual Return 4 Fidelity funds started from 1963 to 1985 (year started in parenthesis) Madoff return reported by various news agencies Returns reported on Vanguard.com website, November 2009

46. Janus Mutual Funds Average Annual Return 4 Janus funds started from 1970 to 1998 (year started in parenthesis) Madoff return reported by various news agencies Returns reported on Vanguard.com website, November 2009

47. Vanguard Mutual Funds Average Annual Return 4 Vanguard funds started from 1958 to 1984 (year started in parenthesis) Madoff return reported by various news agencies Returns reported on Vanguard.com website, November 2009

48. THE CLUB NO ONE WANTED TO JOIN 1 st release, June 2010

55. Schapiro “These aren’t bad People. In some cases they were people who were very junior and not adequately Trained or supervised.” IS THE GOVERNMENT BEING HELD RESPONSIBLE FOR THE DAMAGE THEY CAUSED? JUST LIKE ANY OTHER ORGANIZATION WOULD BE

57. BY THE WAY – MEET SOME OF THE MEMBERS OF MY FAMILY. WHEN CALLED – WE SERVED. NOW IT IS MY COUNTRY’S TURN TO DO THE RIGHT THING WWI Paris Trenches WWII Guam Saipan Bastogne Atlantic convoys KOREA Inchon VIETNAM Khe-San Tet IRAQ Fallujah

58. Copyright 2010 by Michael De Vita It is the writer’s fervent hope that others will consider this material of value in educating the American citizenry of the true facts surrounding the Madoff fraud, how it happened and to better understand the repercussions to so many Americans I would be more than pleased if this presentation were given scores of times throughout the country to other groups that would benefit from the information Therefore, feel free to use the UNALTERED information in this presentation. And, feel free to add your own personal slides “and tell your story” I do ask that you notify me whenever this presentation is used at [email_address]