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O/t Bernie Madoff gets 150 years for scheme.

Discussion in 'Off Topic Threads' started by Dahaub, Jun 30, 2009.

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  1. Dahaub

    Dahaub Active Member

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    I've just be watching the news about the Ponzi scheme that Bernie Madoff has cheated so many out of so much and his penalty is severe. There are to be at least 10 more indictments for this same scam and lets hope that all those involved get sentenced to jail terms and have to pay fines. I also wonder where all the money is being hidden. On another hand I have also read where some think that the people who put in their savings were going after untold payout percentages and they knew it was out of line with all other investments so they deserve what they got. I'm not of that school of thought but that opinion has been expressed. I still think the Enron group got away with too lite a sentencing for the scams they pulled on the investors of that company. Dan
     
  2. stokinpls

    stokinpls Well-Known Member

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    "On another hand I have also read where some think that the people who put in their savings were going after untold payout percentages and they knew it was out of line with all other investments so they deserve what they got."

    And the Enron employees bought every share of Enron stock they could get their hands on. Most of them had no other investments. And they squealed the loudest when the SHTF. Meanwhile the moonbat socialists blamed Bush. Big surprise there.
     
  3. BT-100dc

    BT-100dc Active Member

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    Why so few years; I'd give him more. Next should be prosecuted are the people around him. We also need to prosecute the worthless overseers at the SEC. I had no money with him but I feel for those who did. No one deserves being swindled. BT-100dc
     
  4. GW22

    GW22 Active Member

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    Like the judge said -- not a single friend or family member stood up to speak for him before sentencing, and that is very telling. Any halfway honorable person would have commited suicude -- a cowardly act in most cases, but at least it would have saved us the trouble and expense of warehousing his carcass till death. There should be hard labor ala Cool Hand Luke to expedite the end and make an example of him.

    Of course he hid some of the money. They caught him mailing watches and jewelry to friends even when he was under house arrest.

    ON DECK (hopefully): His wife was the book keeper and his brother was the compliance officer (the person who attests that all is legitimate & legal). That means they both were in on the scam up to their eyeballs and therefore deserve similar penalties. The wife thought she did a big thing by giving up "her" $80-Million and keeping just 2.5. All the money was stolen, so it's amazing she thinks any of it was "hers." I think he had a son in on it too.

    Hopefully we'll get all of them behind bars where they belong.

    -Gary
     
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