[quote=“Mother Theresa”]Madoff gets Maximum Sentence: 150 years.
At age 71, it appears to be a life sentence.[/quote]
The older I get the more I think about karma and reincarnation. That man is gonna have one hellva karmic situation to pay off in his next life.
He got 150 years… To bad that the relatives he sent millions of dollars to can’t join him in serving those years… How many years would you say that a million dollar in jewelry is worth in prison terms???
Stupid people get fleeced all the time. Fifteen minutes of due diligence would have shown this guy up as a fraud.
Why not just say you don’t know anything aside from the very rich losing money?
Many who were victims were “advised” by “experts” and the defanged watchdog, the SEC, said it was safe. Many other victims had their investments shifted into Madoff’s scam without their knowledge or consent. Small wonder those on Wall Street were happy to see Elliot Spitzer forced to resign; he was the only one protecting investors, and it wasn’t even his job.
attorneyatlaw.com/2009/04/br … r-dollars/
attorneyatlaw.com/2009/04/he … zi-scheme/
By your argument, people who deposited money in banks that went tits up (e.g. Wells Fargo, Bank of America) are to blame for “not showing fifteen minutes of due diligence”.
Too bad about Mark Madoff. Poor kid. True, he received many millions in compensation from working for his dad that he didn’t truly earn, but it’s more his dad’s fault than his. How sad for his pa to have led him along that golden path, only for it all to collapse and end in a hanging by a dog leash. Poor wife and kids and mom, too. So many victims.
But on the other hand, what an outstanding job the authorities are doing of collecting the loot and Mrs. Picower is to be commended for her integrity and decency. 
[quote]Many of Bernard Madoff’s victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme.
Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion in October 2009. Picower was the single biggest beneficiary of Madoff’s fraud.
U.S. Attorney Preet Bharara called the forfeiture the largest in Justice Department history and a “game changer” for those swindled by Madoff. He commended Picower’s widow, Barbara, “for agreeing to turn over this truly staggering sum, which really was always other people’s money.”
“We will return every penny received from almost 35 years of investing with Bernard Madoff,” Barbara Picower said in a statement. “I believe the Madoff Ponzi scheme was deplorable, and I am deeply saddened by the tragic impact it continues to have on the lives of its victims. It is my hope that this settlement will ease that suffering.”
The settlement means roughly half of the $20 billion that investors entrusted to Madoff has now been recovered, authorities said. . . . [/quote]
chron.com/disp/story.mpl/ap/ … 45107.html
[quote=“Namahottie”][quote=“Mother Theresa”]Madoff gets Maximum Sentence: 150 years.
At age 71, it appears to be a life sentence.[/quote]
The older I get the more I think about karma and reincarnation. That man is gonna have one hellva karmic situation to pay off in his next life.[/quote]
Nonsense, it is such a waste of talent to let that man rot behind bars. He’s maybe the most talaneted ‘little leaguer’ in the history of the US. They should give him a chance to apply his genius in the big league of Ponzi schemes and put him in charge of Social Security.
You know, we all now realizes Mr. Madoff’s investment was all a lie but what about the American system of Social Security? How is that any different than what Madoff was doing?