Madoff Sentenced to 150 Years
[Guest post by DRJ]
Bernard Madoff was sentenced to the maximum 150 years today in connection with his conviction for financial fraud:
“Judge Denny Chin said the sentence was a symbolic one for a crime that showed “extraordinary evil” and “took a staggering human toll.”
The courtroom “broke into applause” when the sentence was read.
In a brief statement before he was sentenced, Madoff claimed he alone was responsible for the scheme. Afterward, Madoff’s wife Ruth released a statement that “The man who committed this horrible fraud is not the man whom I have known for all these years.”
— DRJ
“The man who committed this horrible fraud is not the man whom I have known for all these years.” Right. She certainly shared in the fruits of the scam for all those years.
DCSCA (9d1bb3) — 6/29/2009 @ 12:57 pmIt could have been worse. He could have gotten life.
nk (bef3ab) — 6/29/2009 @ 12:58 pmWhat? Was she channeling Big O? If you believe that you’ll believe BHO never, ever, heard a racist, bigoted comment come out of his church’s pulpit all those twenty years. Gimme a break!
PatriotRider (860d20) — 6/29/2009 @ 1:11 pmSince Madoff was a big supporter of the Democrat Party and liberals, he (and not “the new Herbert Hoover,” meaning George Bush) really can be seen as the appropriate figurehead or symbol of our current era, which I suspect will become more of a socio-economic swamp in the next few years.
Mark (411533) — 6/29/2009 @ 1:25 pmYeah, but he’s only going to do 127 1/2, with good time. 126 1/2 if he gets into the drug/alcohol rehab program. And Bureau of Prisons will probably let him do the last six months in a halfway house.
Ken (c97a0c) — 6/29/2009 @ 1:35 pmHis wife was lucky that she didn’t read her statement live to the press – the guffawing and hooting would’ve been heard from miles away. She knew exactly what was going on, as did his sons – what, they suddenly decided to turn their old man in after 20 years of this scam? They all happened to figured it out, just when the Feds were closing in? Yeah, riiight.
Dmac (f7884d) — 6/29/2009 @ 1:59 pmBernie Madoff in prison:
steve (2f9bbd) — 6/29/2009 @ 2:22 pmComment by steve — 6/29/2009 @ 2:22 pm
Yep. The sad thing is that if he waits a few months to start doing it, he’s actually going to get away with it, big time.
no one you know (1ebbb1) — 6/29/2009 @ 6:38 pm#4- If snoozer Cox and the SEC had been more alert and competent in this deregulated era, Madoff might not have made off with so much for so long. Greed, it seems, is not so good after all. It’s a sad mess all around. The wife should be forced to live in a south Florida trailer park and look forward to early bird specials like a lot of the folks who were scammed.
DCSCA (9d1bb3) — 6/29/2009 @ 6:50 pmPeople keep saying that Madoff (D-NY) was responsible for the biggest Ponzi scheme ever. The Dems as a whole have several government social programs that are far more so.
JD (54baf8) — 6/29/2009 @ 7:14 pmLet Ruth Madoff give her share of the loot back to the people her husband robbed. Till then, what she has to say isn’t worth spit.
Ropelight (bb3af5) — 6/29/2009 @ 7:48 pmDCSCA #9 purports to blame Chris Cox who took over chairmanship of the SEC in June 2005. However, Madoff’s ponzi scheme began in 1992, and the SEC investigated Madoff in 1999, 2000, 2004, 2005 (an investigation begun before Cox’s tenure and completed a few months after his chairmanship began) and 2006 before the scheme was exposed.
This is typical of the BDS.
SPQR (26be8b) — 6/29/2009 @ 7:59 pm“If snoozer Cox and the SEC had been more alert and competent in this deregulated era”
Explain what was deregulated that affected Madoff, nimrod. Be specific.
As usual, you know nothing.
daleyrocks (718861) — 6/29/2009 @ 8:03 pmIndeed, daleyrocks, the answer is that nothing was “deregulated” with respect to the business that Madoff was in. Its just more of DCSCA’s inventions.
SPQR (26be8b) — 6/29/2009 @ 8:05 pmBOOOOOOOOOSH !!!!
JD (54baf8) — 6/29/2009 @ 8:11 pmLefty conventional wisdom is that Bush deregulated the crap out of financial markets when he really didn’t do shit. Lefties spew that crap out without any knowledge of the subject matter, just BS talking points they read from some equally stupid blogger.
daleyrocks (718861) — 6/29/2009 @ 8:30 pmI wait breathlessly for the day these morons a cured of BDS. I wish they could be specific and tell me how quadrupling the nations debt in five short months is Bush’s fault. No, I didn’t approve of Bush’s spending either. That ought to tell you what I think of Big O’s fiasco.
PatriotRider (37b91c) — 6/29/2009 @ 8:40 pmBush was extremely thrifty compared to what came after. Obama increases the deficit more than all other presidents *combined*.
for any Obama supporter to mock Bush for spending too much is like Mengele mocking R rated films for being grotesque.
This stooge Madoff ruined a lot of lives, and it is a shame he got away with it for so long. But it was the former administration that rooted out this evil. Had Obama’s people discovered it, this would be spun in a completely different way.
Juan (e8717d) — 6/29/2009 @ 10:05 pm