Fraudster Madoff sentenced to 150 years in Jail

….Iknow that he madeoff with loads of money, lost it etc…..How is that person ‘better’ than Madeoff?

Was this an intentional joke or just a spelling blooper…either way it had me in stitches of laughter!:D

Madoff…madeoff! (I’ll get my coat!:o)

Guy deserves all he gets to be honest.

Good job he isnt over here in the UK as he’d be let out after serving just 10 years for good behavior.

I think I have a foot in Anna’s camp….Iknow that he madeoff with loads of money, lost it etc…..but when I first heard of his sentence I did not know it was about Madeoff. I heard the words 150years….and he was a monster and immediately thought oh good they are giving a decent, huge long sentence to a serial killer? An unpleasant paedophile perchance? A rapist?….nope a fraudster. Sorry, but it seems in this world that money is king and that if you dare do fraud, etc then you will get a bigger sentence than you would for an unpleasant murder or unspeakable act on a fellow human. Sure, a deterrent sentence is required but why is it considered worse by some justice systems? A nasty person murdered little child in a nasty way and got a recommended minimum sentence of 23years? How is that person ‘better’ than Madeoff?

Personally, I totally agree with you, but I will say this. One lawbreaker takes or abuses a human life, the the other destroys people’s property. The way I see it, especially when dealing with this Madoff character, the crime is the same, just of a different nature.

Granted, I have heard stories/rumors that this whole scheme Madoff was running was to good to be true, and people’s (some, not all, but I’m sure a fair amount) greed got the better of them and their sound judgments, but that still does not make it right.

On the flip side though, there are many more schemes and schemers out there that have yet to be charged with anything (let alone treason), so I would hope, but am not expecting, some sort of heavy prosecution of all these characters. Why? Not because it would make any sort of dent in the fiscal crisis a lot of our houses are in. Not even for vengeance, doing this will have no effect on my life other than saying good riddance and smiling for 5 seconds. Why must this be done? Because it is the right thing to do. If people, rich or poor, believe they can do anything unlawful for whatever reason they can conjure up, and get away with it, the rule of law has become useless, and society will cease to exist on the level that it does now.

I think I have a foot in Anna’s camp….Iknow that he madeoff with loads of money, lost it etc…..but when I first heard of his sentence I did not know it was about Madeoff. I heard the words 150years….and he was a monster and immediately thought oh good they are giving a decent, huge long sentence to a serial killer? An unpleasant paedophile perchance? A rapist?….nope a fraudster. Sorry, but it seems in this world that money is king and that if you dare do fraud, etc then you will get a bigger sentence than you would for an unpleasant murder or unspeakable act on a fellow human. Sure, a deterrent sentence is required but why is it considered worse by some justice systems? A nasty person murdered little child in a nasty way and got a recommended minimum sentence of 23years? How is that person ‘better’ than Madeoff?

Well I guess I have just been lucky then

Which is exactly what every Madoff investor thought the day before the fraud was discovered

Moggy

Now if we could only drag the Federal Reserve Chairman, and all elected officials in DC in front of this same judge and make examples of them all, for basically the same crime…..

This may very well be my last posting, I think I saw a black helicopter headed my way, they must have forgotten to put the silent drive on. 😮

Neither did the phone conversations and statements of Madoff’s victims.

That is precisely the point.

Moggy

Well I guess I have just been lucky then Moggy 🙂

Neither did the phone conversations and statements of Madoff’s victims.

That is precisely the point.

Moggy

Haha …you think you’re checking up on him…it’s all smoke and mirrors my love!!!

😀 Well thank god my phone conversations and statements don’t reflect that. 😉

Yes I agree but! I have a stockbroker and everyday I check what he is up to! common sense! 🙂

Haha …you think you’re checking up on him…it’s all smoke and mirrors my love!!!

Rather extreme I think ! Tin hat at the ready.:)

I’m not sure a hat of any kind would offer much protection in those particular circumstances, Anna. 😎

Ah, the old joke:
“150 years?! – I can’t do it”
“Well, do as much as you can”

Anyway, with that man’s mastery of figures, they’re probably just being on the safe side.

Making an example of him is one thing but he was investigated eight times by the US Securities and Exchange Commission. I hope they’ve got that flaw fixed as well.

He’s old…so all it means he’ll die in prison…not like he’s really going to do 150 years.
Yes, he deserves it.
There have been too many of these financial frauds.
It’s about time that the feds made someone an example.

Locally, the former director of a senior charity embezelled $80,000. The judge fined her $10,000 and gave her no jail time.
I don’t see much of a deterrent in sentencing like that. :rolleyes:
The government agency where I work for had a long-time office worker embezell money…she paid it back and they let her quit.
They kept it very quiet…no scandal, no police, no FBI. She was a nice older lady…so they were easy on her. Is that right? If a young guy broke in and cracked the safe, he would have received serious jail time.

Come on people, somebody’s got to be held responsible for their actions or has this touchy-feely stuff gotten that out of hand?:rolleyes:

No penalty will ever restore the damage that has been done to innocent people with their retirement nesteggs.

Yes I agree but! I have a stockbroker and everyday I check what he is up to! common sense! 🙂

No penalty will ever restore the damage that has been done to innocent people with their retirement nesteggs.

Rather extreme I think ! Tin hat at the ready.:)