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60 Comments
- duggdowncatisad, on 01/07/2009, -2/+40Steal a $5,000 car, they throw your ass in jail. Steal $50,000,000,000 in a ponzi scheme, get house arrest. Sounds fair.
- chrissku, on 01/07/2009, -1/+26Dear Julie,
I received your letter today. I will take it all options into consideration.
Sincerly,
Chris - twiztidsinz, on 01/07/2009, -0/+24Profit.
- enantiodromia, on 01/07/2009, -0/+23rob one person, and you get a few months in jail.
rob 3 people, and you could get life.
rob millions of people of billions of dollars, and you get ??? - heystoopid, on 01/06/2009, -3/+20Along with the rest of his family for living off the proceeds of a money laundering business .
- LenBaird, on 01/07/2009, -1/+16This guy is imprisoned in a mansion, which was bought using stolen money, instead of a jail cell like a small time crack dealer. You think he is going to get treated like anyone else? He'll probably have a Ken Lay style heart attack and take off for a new mansion in Paraguay.
- govsucks, on 01/07/2009, -1/+14Steal Trillions in social security taxes from Americans for 50 years.....you get more tax money to waste.
- enantiodromia, on 01/07/2009, -0/+11not even an attempt at a good troll. you're slippin', dude.
- silent128, on 01/07/2009, -0/+9You can't use the money you stole in a bank robbery either to bail yourself out :P
- haikuFU, on 01/07/2009, -1/+9He's gotta be scheming on how to get out of the country. I can't imagine he didn't have a plan.
- bigp3rm, on 01/06/2009, -6/+14More like.. he should be shot.
- ScottyMcBaggs, on 01/07/2009, -0/+8What he did wasn't money laundering... it's a ponzi scheme. Money laundering is when you make money off of something that is illegal and 'clean' (launder) it by making it look like it's legitimate income.
- datastorageguy, on 01/07/2009, -0/+8It's amazing how accurate it is to compare the current social security system to a Ponzi scheme.
- SatoriSeeker, on 01/07/2009, -0/+8Promoted to run the Federal Reserve?
- cfuse, on 01/07/2009, -2/+9America loves it's criminals more the richer they are.
- SatoriSeeker, on 01/07/2009, -5/+11Does that prison cell have room for Hank Paulson as well?
- LenBaird, on 01/07/2009, -1/+7A Ponzi scheme is where you take new investors money, and give it to older investors as "profits" when there are really no profits at all. New investors see the "success" of the older ones, and more and more want in on it. When you run out of new investors, it crashes. It's the same way they run Social Security, except that doesn't have to lure in new investors, they take it right out of your check by law.
- grumpyrain, on 01/07/2009, -0/+6No you are not 100% at all.
It is a popular buzzword because that is exactly the internal mechanics. Without a constant inflow of new investors, he had no way of paying the dividends to the earlier investors. Call it a scam; call it a scheme. Who cares about semantics. He created an illegal pyramid scheme that lost billions.
http://en.wikipedia.org/wiki/Ponzi_scheme - twiztidsinz, on 01/07/2009, -0/+6Bailbonds. (whole new meaning to Bailout huh?)
Friends. - inactive, on 01/07/2009, -1/+6no punishment is good enough for monsters like this. he needs to become a museum of pain, sustained for years.
- idavidtang, on 01/07/2009, -0/+5I don't really care as much if he goes to prison or not as long as the court can seize all his cash and liquidate all his assets so that they can give it all away to the lives Madoff ruined.
- DaPM, on 01/07/2009, -1/+6Yeah,
Worry about the 1 million he tried to mail to relatives while not paying attention to the billions that "vanished" or were distributed to his family and accomplices.
Pay no attention to the man behind the curtain! - yujie, on 01/07/2009, -1/+6Send him to Gitmo
- silent128, on 01/07/2009, -1/+6Sack of ***** should be in jail, take back the jewelry sell them and give some of the money to pay the people he scammed.
- UWSA, on 01/08/2009, -0/+5He should have went straight to jail along with some of his other buddies on wall street and along with those Senators and House members who voted for the bail out! Don't forget the SEC either. Jail is what they need and not Club Fed. Joe Arpio's tent prison would be a good place for all of them.
- BlacklabelSAR, on 01/07/2009, -0/+4Not good enough. Couldn't that be said of any criminal?
- vxp19, on 01/07/2009, -2/+6and you get... taxes.
- Pinkertinkle, on 01/07/2009, -1/+5Toss him into the east river already.
- inactive, on 01/08/2009, -0/+4How about imprisoning the entire SEC for criminal negligence? Let's start with Mr Cox.
- govsucks, on 01/07/2009, -4/+8If madoff goes to jail then every government employee involved in forcing the American people to participate in social security should also be put in jail and Social Security eliminated and sent to hell as the collectivist pyramid ponzi scheme it is.
- enantiodromia, on 01/07/2009, -0/+4there are bonds, and other people's money, of course.
- danno147, on 01/07/2009, -3/+7But I'd keep the Volkswagen
- mikeophile, on 01/07/2009, -1/+5I definitely think he should be in jail, but I see a Catch-22 of freezing his assets and then setting a $10 million bail.
Not a complaint in this case, just an observation. - inactive, on 01/08/2009, -0/+3Apparently the Russian oligarchy has lost a lot of money "investing" with him.
So I guess we don't have to worry about Madoff or his family's well being.
Madoff playing Russian Roulette: http://www.thestreet.com/story/10456424/1/kass-mad ...
Kohn has gone into hiding: http://www.nytimes.com/2009/01/07/business/07medic ... - inactive, on 01/08/2009, -0/+3He's under house arrest in his plush Manhattan apartment.
- inactive, on 01/08/2009, -0/+3Trow his wife in jail too.
- sfasu77, on 01/07/2009, -1/+4Put that mofo in PMITA Prison
- govsucks, on 01/07/2009, -4/+7Government robs people every day and simply yells for more victims.
- inactive, on 01/07/2009, -0/+3 Except they won't give it away to the lives he ruined...it will just slip into the government's pockets.
- kdor, on 01/07/2009, -2/+5Why don't we set him up with some cell mates. Hank Paulsen, Barney Frank, Chris Cox, Chris Dodd, Franklin Raines, Jamie Gorelick, et al. The whole thieving bunch who have caused us so much loss.
- CedEx, on 01/07/2009, -0/+3He admitted the crime! That's how he was caught.
- imarascal, on 01/08/2009, -0/+2House arrest? Who was being penalized? He tried to cover HIS ass by getting some pesonal wealth out of his possession. What kind of monitoring was being done> This MAD-Off bilked millions....he.' do dumbell. Evan folled the SEC for Years......DAH!!!!
- mikeophile, on 01/07/2009, -1/+3How do you post your bail if you can't access any of (ostensibly) your money?
- crazihouse, on 01/07/2009, -1/+3I wish I could digg you a million times. That made my day!
- ChloeMS, on 01/07/2009, -0/+2Let's see... BAIL, a refundable monetary fee given to assure that the accused shows up in court. Unless the asset freeze was part of the bail agreement, then no matter how much I despise what he has been accused of doing, I always want the law to bide by the rules. I have had enough of government officials "breaking" and bending the law to suit their purposes. e.g. Bush.)
He cannot go to jail prior to being found guilty unless their is a good amount of evidence that he will flee. Kind of hard to do with all of the surveillance he currently has! - neptune422, on 01/07/2009, -1/+3Who is the judge that lets this con man walk the streets?!
If he wants to be any softer on him he could always spoon him in bed before he declares him innocent.
And how does this guy still have access to millions to send here and there?
BTW: When do we go back and snatch the money from the recipients of all that stolen money?
Madoff's new home should be Guantanamo Bay detention camp while he waits for a trial. - ycornelius, on 01/07/2009, -1/+2Frowned upon by other members of the synagogue?
- imarascal, on 01/08/2009, -0/+1CBS news coverage today disclosed that a whistleblower,manager of a hedge co, informed the SEC TEN YEARS AGO ABOUT Mad-off's mishandling of funds.........SEC ,,,,,don;t see any problem!!!!!!!!!!!!!!!!!!!Judge may revoke bond to jail this crook...hooray, good thinking.....PRESSURE is working.
- inactive, on 01/07/2009, -1/+2all the enron evidence along with wako and ruby ridge were in building 7 of the world trade center
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