That scumbag was let to live in his penthouse apartment while awaiting trial. The Federal judge must have been one of the earlier investers. I think he shouldn't get anything more than the Enron group got and they should be getting out in a few short years. Then the ones who lost all they had in their retirement funds can talk to them up close and personal. Dan
If something is too good to be true, it probably isn't. History is full of examples of Ponzi schemes. What makes them work is simple greed.
Many years ago in Louisville, KY we had a Building and Loan (not a Savings and Loan) that paid 1/4% more interest on a passbook account than a Savings and Loan and 1/2% more interest than a bank. They ran wonderful commercials on TV and Radio and used the slogan "Save a dollar a day the Prudential way and we will help you get rich."
My aunt, a hardworking and thrifty immigrant, really wanted that extra 1/4% and we were forever talking her out of it. When she arrived in the United States in 1951, she had not eaten for two days and held her last quarter in her hand so that it could not be stolen if someone took her purse.
About 1980, she was on her way via the bus to take her life savings (over 3 years pay) out of a Federally insured S&L and to deposit it into Prudential. She had withdrawn her money from the S&L but was stopped at the door of Prudential by a closed door with a sign on it. The FBI and the banking regulators closed had them down. The managers of Prudential were simply withdrawing money for their personal use and using new depositors money to pay interest. They went to jail but only for a few years.
After several years of litigation, Prudential customers got back about 30 cents on the dollar.
My aunt thanked all of us and came to understand what "FDIC" means.
Madeout Madeoff Maddoff, took thievery to a new level, billions!! I'd wager you or I would get more time in the pokey, for a drunk driving charge, than he'll serve in jail. Top of the totem pole crimes do pay off handsomely it seems. Hap