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Madoff Sentenced To 150 Years
selven was one of several readers to send in the news that Bernie Madoff was sentenced to 150 years in prison. "Bernard Madoff's victims gasped and cheered when he was sentenced to 150 years in prison, but they walked away knowing little more about how he carried out the biggest robbery in Wall Street history. In one of the most dramatic courtroom conclusions to a corporate fraud case, the 71-year-old swindler was unemotional as he was berated by distraught investors during the 90-minute proceeding. Many former clients had hoped he would shed more light on his crime and explain why he victimized so many for so long. But he did not. Madoff called his crime 'an error of judgment' and his 'failure,' reiterating previous statements that he alone was responsible for the $65 billion investment fraud. His victims said they did not hear much new from Madoff in his five-minute statement. They also said they did not believe anything he said. As he handed down the maximum penalty allowed, US District Judge Denny Chin... [said], 'I simply do not get the sense that Mr. Madoff has done all that he could or told all that he knows.'"
Don't worry, Bernie. They'll get that down to 5 years tops and maybe a little probation afterward, your age and your health being extenuating circumstances. You'll have your own cell with your own TV and you'll get pizza and private calls twice a week.
Now that's absolutely fucking bullshit. How many real heads of police do you actually know? They make your average corner crack dealing baby rapist look like a fucking saint.
They call that government.
"Sacrifice for the good of The State" - The State
China allows firing squad for these types of crimes. However, dying is too good for him but letting him live in a nice white collar prison is not right. I believe that we should send him to Gitmo before it closes and consider him a terrorist so the people there can....
Indeed, you'd need a hell of a lot of trucks to move that much currency. And laundering that much is nigh impossible.
Absurdly? Around 2-3% of the nation are without healthcare, the other 40ish million that are proclaimed to be without healthcare are ones who are in between jobs and waiting for the health coverage to kick in or simply youngins like me who refuse to pay for it.
If he was black and if we sentenced along the lines of crack possession ($300 worth will get you 5 years) he'd be serving 1.08 billion years for 65 billion. Only 120 years?! Yeah he won't live that long.. duh.. but way to chop off a few 0s there.
In contrast to any "non-white collar crime" he'd be looking at no less then a million years.
Yeah he should have gotten a few 000s on the end of that in the name of principle.
Shit the wife\accomplice is walking away with 2 million! I can't buy a fucking beer without my wife knowing it. That bitch knew just as plain as day. She actually gets to KEEP 2 million. The two should be rotting in jail then when they fucking die their bodies should be cremated and poured into a sewer drain. Burial is too good for that piece of shit and that hag of a wife.
Fuck it, white collar crime pays apparently. No hard labor. No punishment really. He had his fun, now off to a minimum security prison while his senator friends ensure he's in "The nice area". Now he can rot on tax payer's tab. Maybe do some tutoring, write a book, maybe take up painting.
Remember: if your white apparently you get to live a life of privlege then get caught and waste your last 10 or so years in jail. If you are a minority expect to live all BUT 10 years of your life in jail or the slums. This is bullshit.
Judicial hipocracy never ceases to stun me.
Here turn over everything you have. No wait your wife can keep 2 million and the millions you paid out to your friends and family is legitmate income to them so just give us back what is left.
So who got political contributions from him?
My opinion: He needs his fucking legs cheese gratered off and his face given a date with a belt sander. That wouldn't be cruel or unusual... rather fitting and the closest thing his victims will get to justice. For those with weak stomaches how about he pushes a rock uphill every day until the rock and gravity win.
-=[ Who Is John Galt? ]=-
Moving 65 billion dollars is a big feat, and will leave a big-assed papertrail.
Madoff never had 65 billion, that's just the sum of what he told his clients they had on account with him(*). If he had actually /had/ the 65 billion it wouldn't have been a scam because he would /actually/ have been doing what he /said/ he was doing (i.e. generating 10-12% interest on invested capital year after year).
More likely, $15-20-ish billion went through the system and most of it has likely been spent paying off investors etc. while he still pretended to be legit.
* If you give me one dollar to invest, I spend it buying bottled water, and then send you a letter saying "your investment has now grown to $65 billion" I would be in somewhat the same position as Madoff is now as far as the media and, apparently, the Law is concerned: I would be a $65 billion scam artist. It's pretend money.
sigs are hazardous to your health