Tuesday, June 30, 2009
Madoff Made off and made out?
2007 Madoff bragged of being very close with the world's regulators
Madoff gets 150 years
At the trial yesterday Madoff should have saved his breath shut up and just took his medicine. Madoff said his wife cried herself to sleep every night. Yeah all the way to the bank! Madoff apologized in court while seeking leniency. I agree with the Judge that Madoff was not as helpful as he could have been. I am sure absolutely no where near it instead protecting family and friends from suffering the same fate as him.
Leniency my rear! He dug a deep hole for himself big deal it isn't deep enough. His wife still has 2.5 million dollars and should be Bankrupt. She takes the subway now. Oh poor woman. I am sure she is all set and should not be. Get the millions from his family and friends. Madoff gout the maximum 150 years. The people wanted 150 years Federal prosecutors wanted 50 years and Madoff's defendants asked for 12.
I am glad he got the max but according to the average age of death he only has 12 more years to live. Dead is dead and 12 years or 150 years it is not enough pain. I really wish torture was legal now. No maybe not knowing me and most we would feel sorry for him and relent.
Madoff Fraud could be as high as 78.5 Billion
* Tim Rigas chief of Adelphia communications got 20 years.
* Bernie Ebers World comm Chief got 25 years.
* Jeff Skilling Enron Chief got 25 years.
The depths of hell sounds good for payback but dead is dead what the hell does he care? This was the biggest white collar crime in the History of the US very likely the entire world. There was 30 law firms in 25 countries that was after Madoff for defrauding multiple Billions. The countries include Argentina, Brazil, Columbia, Portugal, Spain, Switzerland, South Africa, Mexico, Israel, I am sure there are more than 25 countries affected.
When all was said and done Bernie Madoff swindled more than thirteen thousand investors and I understand it may be as high as 3 million people all over the world directly or indirectly that were swindled. There was an atmosphere of mob vengeance in the court house and a feeling of relief when Madoff got 150 years but he is 71 years old and those people will never be vindicated. Justice will never be served.