Biden and the Con Artist Jailbreak!

Chris delivers a scathing critique of President Joe Biden’s recent wave of commutations and pardons, focusing on the surprising release of high-profile Ponzi schemers and con artists. Markowski recounts familiar cases, such as Gregory Pallucchi’s $685 million scheme and Paul Burks’ $900 million fraud, questioning why individuals responsible for ruining countless lives are being granted early release. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So, Joe Biden and the con artist jailbreak, Why did
he commute some fifteen hundred plus sentences? Something like that
and many familiar names. Familiar names on this list, familiar

(00:36):
to listeners of this show. This program stories that we've
covered over the years. I've never seen anything, Quite frankly,
I've never seen anything like this.

Speaker 3 (00:48):
Never The amount of.

Speaker 2 (00:53):
Con artists, you know, Ponzi schemers that were let out
of jail blows my mind.

Speaker 3 (01:02):
It really does.

Speaker 2 (01:03):
Now Again, you know, Joe Biden didn't make these picks.
Whoever's run in the country is probably the Obama people are.
But you're looking one after another after another. This is
stories that we've been covering on this program. Con artists
that we warned people about that have taken people. Gregory

(01:26):
Lucky who six hundred and eighty five million dollar pyramid scheme,
Gregory McKnight seventy two million dollar Ponzi scheme, James Frye
again from the petters Hedge Fund that was a three
point five billion dollar ponzi scheme, Another nine hundred million

(01:50):
dollar ponzi scheme out of North Carolina, Paul Burks, Nevin
Shapiro out of Miami. I could go on, and you
kind of have to understand my frustration to some degree. Again,
we've been at the front lines going after cons and

(02:14):
frauds since we started Markowski Investments started the radio show
The Watchdog on Wall Street Show twenty five years ago.
That's what we really hit on, and we've covered all
of these stories we warned you about. These guys here
on the program.

Speaker 3 (02:32):
They're all being let out of jail.

Speaker 2 (02:36):
They're all being I mean, they're all ringing the co
Did they make restitution for all of the money that
they've stolen? No, No, listen, I understand that I'm all
for I'm all for forgiveness, but some of these guys

(02:57):
have only served a couple of years.

Speaker 3 (03:00):
And you know, I'm here to tell you.

Speaker 2 (03:02):
You know, when people lose their life savings and they're taken,
it's hard for many people to bounce back from something
like that. And again, what my experience has been and facily.
A lot of people don't even like reporting it, They
don't even like talking about it, simply because in many
respects are embarrassed by it and what happened to them. I,

(03:27):
for whatever reason it may be, I can't get my
arms around this. The mainstream media obviously is not pulling
this together. I mean, this should be a story all
of these investment con artists, Ponzi schemers. Why are they
all being let out of jail? Did their money happen

(03:52):
to flow to the right candidates at some point in time?
Could be, And I'm here to tell you it's not
going to end here. There's gonna be more that are
going to be that out of jail. I mean, Biden
is just the side. And pardons left right all over
the place. Why they're talking about some of these preemptive partons.

(04:15):
Do you think that's what the founding fathers had in mind?
Is giving people a get out of jail free card
for anything, even if they haven't been charged yet.

Speaker 3 (04:27):
Do you think it's that they had in mind? No?
I don't either, quite frankly, But.

Speaker 2 (04:34):
Again, I don't know what's in the hearts of these
people that were let out.

Speaker 3 (04:40):
I really don't. I don't know if they have been reformed,
whatever it may be. What I do know.

Speaker 2 (04:46):
What I do know is that many, many Americans have
suffered greatly at their hands. Watchdog on Wall Street dot
com