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Home › Money

Poll | 03/12/2009 11:00 pm

Bernie Madoff: Does the time fit the crime?

Read more about: Bernie Madoff, crime, Felony, Justice, Law, Ponzi Scheme, Prison

108 Reader Comments (so far…) Sign In or Register to comment

Diana T
Something tells me he won’t last long in jail.  He has neither the physical stamina or the mental stamina to survive it for long.  Remember Ken Lay?  But, it sure would be nice to know where all that money is…
By Diana T on 03/13/2009 12:36 am
f p
The money is probably in Swiss or Cayman Island accounts—and why the hell isn’t Ruth in there with him?
By f p on 03/13/2009 4:46 am
Andy C
I agree, why aren’t she and the sons in there with him?  Where is that money and why was he permitted to live in such a lavish lifestyle while awaiting trial?  A style that was paid for on the backs of people who are still shell-shocked and wondering just what they’re going to do.  Part of his punishment should, of course, be some kind of repayment….but how?
By Andy C on 03/13/2009 7:57 am
bobbi allen
believe the way you do **you don’t live with a manthat long and not know him
By bobbi allen on 03/16/2009 11:52 am
Sheila Bryant
I think jail is too good for him. Put him in a homeless shelter and make him spend his days at a soup kitchen serving the poor. Let him spend the rest of his life with the people that he tried so hard not to be with or like. That way he can be a value to human kind, instead of being more of a burden.
By Sheila Bryant on 03/16/2009 3:15 pm
charlene privette
Great Idea!  He should have to spend the rest of his life helping the poor! Charlene H. Privette-03/16/09
By charlene privette on 03/16/2009 3:40 pm
Patti Bagdanov
Right on!! That is just what I was thinking, working in a Soup Kitchen and living in a homeless shelter would be a fitting punishment—coming face to face with the grim reality more and more people are living with today.
By Patti Bagdanov on 03/16/2009 6:12 pm
Andy C
I do agree; anything that won’t cost us yet even more money.  But what of the AIG people who got those huges bonuses from the hand-out (I refuse to call that baloney "bail out".)  that Bush gave?  I hope their names are announced along with pictures.  I think they should be made to either give it back or distribute that money amongst the lower level employees; those not in positon for bonuses.  Probably not in position period.  These people astound me.  We should write them a little note with the word "clue" on it, since they simply do not have one.
By Andy C on 03/16/2009 6:46 pm
Jeannot Kensinger
Beau, I am not a violent person by nature but this situation changes me, I would like to see him out in the middle of Time Square with all the people he swindled.
By Jeannot Kensinger on 03/13/2009 9:25 am
Sam Mirando

I suspect you are right.  I think he will cheat us of any satisfying feelings of revenge by killing himself.  You’ll laugh, but I just measured my kitchen to get an idea of what an 8 feet by 7.5 feet cell looks like.  And there isn’t a pair of bunk beds in my kitchen to take up half the space :)

By Sam Mirando on 03/13/2009 7:59 am
Diana T

From what I gather, Sam, they can’t figure out how much money is involved if he has been moving around the same amount for 13 years.  According to NPR this morning, they are going after all family members and associates.  Obviously, he didn’t do this alone without somebody knowing.  What is so upsetting are the folks like you who  paid your fair share of taxes all these years.  Taxes on non-existent figures. I don’t think I’ve heard of such a tragic story, and I keep thinking of how hard my dad worked so they could live comfortably after he retired.  After all, most of the victims weren’t people like Zuckerman.

Good point about the size.  Smaller than an 8 x 10 rug.  He’ll be dead in a year.

By Diana T on 03/13/2009 8:14 am
Sam Mirando

Check out my post under the "Psychic" thread to see where the money went.  As for taxes, I’ve applied for returns of my capital gains tax for the past three years.  Perhaps, legislation will be passed to allow people to go back more than three years. 

The scam was predicated on people’s acceptance of the capitalist system, whereby you sit back and someone turns your money into more money without you raising a finger.  It’s no wonder, to me, that such a system doesn’t always work.  Those who have infinite faith a rising Dow Jones Average and constant returns of the Madoff type have had a rude awakening.  But it was a dream, wasn’t it?  

By Sam Mirando on 03/13/2009 8:37 am
Diana T
Sam,  I said the same thing to a friend recently.  Yes, we had a great dream, but this is the reality.  And, I still hope they will hold the SEC accountable in this debacle because of the lack of asserting themselves into Madoff’s affairs when they knew damned well what he was doing was highly irregular.
By Diana T on 03/13/2009 9:15 am
nanchan u

Hey Sam:  did you see this? 

http://news.yahoo.com/s/ap/20090316/ap_on_bi_ge/madoff_scandal

By nanchan u on 03/16/2009 11:22 am
Sam Mirando
Oh, yes - thanks.  I check for Madoff news all the time.  Moreover, I have more patience than many posters, realizing that it takes time to apply the law properly.
By Sam Mirando on 03/16/2009 12:47 pm
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