Good Riddance

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Bernie Madoff was sentenced to 150 years in federal prison for running a fraudalent investment scheme that bilked thousands out of billions. Or maybe even millions out of billions. His greed ruined lives, and at least one person killed himself over the loss. He wasn’t alone, but so far he has refused to implicate anyone else in the crime. Since it’s been going on since the early 1990s, I’d guess that someone else knew about it along the way. Or someones. Since he was audited, I’d guess that bribery might have been involved. Those people should be caught, tried, convicted, and sent to prison for a long time. In fact, any time that Madoff (who is in his 70s) can’t serve should be tacked on to the other crook’s time.

OK, maybe that’s a bit extreme, but there should be plenty of prison time handed out to anyone who took part in this in anyway.

In other, less enlightened, societies, he’d be executed. He’s lucky that he’s going to spend the rest of his worthless life in prison.

5 COMMENTS

  1. Financial crime, especially ponzi type schemes,identity theft etc. often take a back seat to violent crime. Although the physical / fear component of crime is not usually a factor, in economic crimes, the economic toll is often worse and the emotional one just as bad.These folks need "bubba love" type prison time rather than "club-fed" type prison time. Fear of "club-fed" doesn't seem to deter them. Thanks for the post.

  2. I don't think the punishment was far-reaching enough. He should have had to beg the forgiveness of each and every person who he hurt.Of course, he may be doing that himself soon if someone on the inside makes him their bitch…

  3. Amazing. Madoff get's 150 years for what the government is doing every day. He should have come up with some brilliant name for his scam like….Social Security.

  4. Should include his wife, kids, etc. You KNOW they damn well knew what was going on. Put the whole damn family behind bars!

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