What did you do with the money?

[Damn Yankee]

This old Ba$tard just says he is sorry and guilty and the judge puts him in jail.

This crook needs to be taken to Guantanamo Cuba put on the board and asked some very straight forward questions.

Where the hell is $50,000,000,000.00 Dollars?????????????????????

The fraud, which prosecutors say may have totaled nearly $65 billion, turned a revered money man into an overnight global disgrace whose name became synonymous with the current economic meltdown

 

[Damn Yankee]

This old Ba$tard just says he is sorry and guilty and the judge puts him in jail.

This crook needs to be taken to Guantanamo Cuba put on the board and asked some very straight forward questions.

Where the hell is $50,000,000,000.00 Dollars?????????????????????

The fraud, which prosecutors say may have totaled nearly $65 billion, turned a revered money man into an overnight global disgrace whose name became synonymous with the current economic meltdown

 

[feralmerril]

I find it hard to come up with a intellagent comment. I cant even think in those numbers. I remember working as a kid in the fields for 35 cents a hour and thought it hell! We would get a bloody nose over another kid trying to cheat us out of a dime!
How much money is enough? As long as there is a nickle left in the world, would he want that too? If he goes to hell, and some of those people end up there too, he is going to have some extra misery.
In the end of it all there probley has been people who stold a loaf of bread to stay alive and got worse punishment! Recently I saw some pictures of a 7 year old boy in iraq haveing his arm run over with a truck because he stold a loaf of bread!
This is just a example of what I have always said. We have the word "justice" in our language. Yet it is meaningless as there is no true meaning to the word. It never existed unless once in a great while it happens, it will only be by accident. At least in this life.

 

[Hermann]

I think you are talking about Madoff, right?

Well, in New York (didn´t "Kenny Powers" from "Eastbound And Down" called it "Jew York"?) things are more civilized - at least for this still wealthy crook. He might even have champagne in his cell. There is obviously a big difference in the handling of crooks: A small crook get jail time in no time. Somebody like Madoff gets treated much more nicely. Isn´t this interesting?

 

[M28]

Well....the wifey sure seems to have a lot of dough...I'd put the forensic types on her finances and see what turns up.

Brian~

 

[rewster]

First ! Gitmo is being closed by BOB. Second ! Since you can't waterboard the bastard, all you can do is put him in jail. At least the judge had the good sense to stick him in irons now instead of at the sentencing hearing.

 

[rewster]

Originally posted by M28:
Well....the wifey sure seems to have a lot of dough...I'd put the forensic types on her finances and see what turns up.

Brian~

I would think those 50K a year public servants would be salivating at the chance to nail the wife and children and anybody else they can find. I hope they do

 

[Careby]

He's undoubtedly worked out a deal so the money and his family can continue to enjoy each other while he spends the final months of his terminal illness in jail. He'll probably even get free medical care. It may work to his advantage that this "happened" in the middle of an economic debacle that has caused everyone to become numb to news of lost billions and now only trillions raise eyebrows.

 

[Spotteddog]

He bought all the 9MM, .45ACP, and 5.56 stuff he could with the money stolen!
He got 1000 each for the handguns, and 250 of 5.56 stuff.

 

[29aholic]

Originally posted by rewster:

Originally posted by M28:
Well....the wifey sure seems to have a lot of dough...I'd put the forensic types on her finances and see what turns up.

Brian~

I would think those 50K a year public servants would be salivating at the chance to nail the wife and children and anybody else they can find. I hope they do

If she has that kinda money I'd nail her for a little

 

[rewster]

Originally posted by Spotteddog:
He bought all the 9MM, .45ACP, and 5.56 stuff he could with the money stolen!
He got 1000 each for the handguns, and 250 of 5.56 stuff.

Sounds like a bad deal to me for all that $$$

 

[rewster]

Originally posted by Careby:
He's undoubtedly worked out a deal so the money and his family can continue to enjoy each other while he spends the final months of his terminal illness in jail. He'll probably even get free medical care. It may work to his advantage that this "happened" in the middle of an economic debacle that has caused everyone to become numb to news of lost billions and now only trillions raise eyebrows.

Everything I've read and heard says there was no deal ! He just pled guilty to all the charges they had nailed him for.

 

[oldRoger]

I think you are going to find that there is no money left.
This was a classic Ponzi scheme. The $1000 put in by the first guy was paid back to him as interest less what Madoff spent. So as the scheme evolves he continues to return investors money and call it interest. He was, I think, claiming to be paying 10%, keeping it simple after 10 years you would have all of your money back and be getting someone else's money.
Now of course he was claiming to have a big account for you somewhere growing in size, actually none existed. As far as can be discovered, he didn't invest a penny, just kept paying off old invertors with money from the new one.
Some people were taking the interest to live on, others thought they were reinvesting their interest, the first group may have received more than they initially invested, the second group gets nothing, its all gone.
The figures are conflated by the press to include not only what was invested originally but also the interest Madoff claimed to be paying, the interest was of course non-existent.
This whole scheme should remind you of what? All together now class, Social Security of course.