Madoff to plead guilty

[ny]

Madoffs lawyer has told the judge scheduled to sentence him that 12 years in prison is sufficient punishment for stealing 50 billion.

[RhodyYanksFan]

Madoffs lawyer has told the judge scheduled to sentence him that 12 years in prison is sufficient punishment for stealing 50 billion.

If he lives to 82 in jail I'll be surprised.

[penguin4]

Madoffs lawyer has told the judge scheduled to sentence him that 12 years in prison is sufficient punishment for stealing 50 billion.

So a little over four billion for each year? Yeah, that's fair. Even A-Rod doesn't make that much. F u c k you, Bernie.

[yankeesAZ]

So a little over four billion for each year? Yeah, that's fair. Even A-Rod doesn't make that much. F u c k you, Bernie.

About $400M for each month. I'll steal for that kind of sentence.

[Jersey Yankee]

Madoffs lawyer has told the judge scheduled to sentence him that 12 years in prison is sufficient punishment for stealing 50 billion.

I wish his lawyer could get that sentence for saying something so stupid.

I suggest that Bernie Madass get consecutive life sentences w/o parole, all the couple's properties and belongings be taken away from them, that the family members' properties and other belongings also be stricken, and that they get a very meager allowance, such as what their victims are forced to survive upon.

[ny]

"Are you having fun embarrassing me -- and ruining my life?" she angrily snapped at a Post photographer.


http://www.nypost.com/iphone/story.p...mepage_flash_2

Poor Ruthie

[shotz]

http://www.nypost.com/seven/06252009/photos/ruthie.jpg

[Mezmerize]

"Are you having fun embarrassing me -- and ruining my life?" she angrily snapped at a Post photographer.


http://www.nypost.com/iphone/story.p...mepage_flash_2

Poor Ruthie

Appropriate response:
"Yes, yes I am. See you tomorrow!"

[Mark19]

Greed is one thing, the desire to acquire is something that many people have. The truly horrible, malicious thing was that they were knowingly wiping out the endowments of many different charities and scholarships.

If only the SEC hadn't been so corrupt and inept.

[Mantle'sMutt]

"Are you having fun embarrassing me -- and ruining my life?" she angrily snapped at a Post photographer.


http://www.nypost.com/iphone/story.p...mepage_flash_2

Poor Ruthie

Not quite enough yet, how bout taking off that top.....c'mon.

[Octoberbaby]

"Are you having fun embarrassing me -- and ruining my life?" she angrily snapped at a Post photographer.


http://www.nypost.com/iphone/story.p...mepage_flash_2

Poor Ruthie

Uh, no that would be Bernie and you who ruined your life, Ruthie!

[jlw1980]

Uh, no that would be Bernie and you who ruined your life, Ruthie!

She still lives in her Manhattan penthouse while the people they scammed have lost everything. I feel so sad that she's lost her Florida mansion, French chateau, and several yachts. What a bitch!

[Octoberbaby]

She still lives in her Manhattan penthouse while the people they scammed have lost everything. I feel so sad that she's lost her Florida mansion, French chateau, and several yachts. What a bitch!

Yeah, she's got a ruined life because she has to take the subway even though she is living in a palatial Manhattan penthouse! I hope she loses that apartment along with the Florida manse, French residence and her yachts! I am sure she has plenty of money socked away too but she can't use it because it would tip the authorities off that she has it. I hope they find that money and take it away too!

[4bronxbombers]

She's a pathetic as him. It's a sin that she's still got so much of the wealth when she doesn't deserve it.

[Octoberbaby]

She's a pathetic as him. It's a sin that she's still got so much of the wealth when she doesn't deserve it.

Vanity Fair had a series of articles on this case that were very interesting. The third in the series was in the words of the secretary to Bernie Madoff. Apparently, Ruth was calling the office and trying to get the secretary to send over papers to her. She was trying to hide assets I am sure and trying to get the secretary involved even though the feds were all over the place by then. According to the secretary, Ruth was barking orders around. Imagine that, she still thought she was in the power seat, ordering people around!

[4bronxbombers]

Vanity Fair had a series of articles on this case that were very interesting. The third in the series was in the words of the secretary to Bernie Madoff. Apparently, Ruth was calling the office and trying to get the secretary to send over papers to her. She was trying to hide assets I am sure and trying to get the secretary involved even though the feds were all over the place by then. According to the secretary, Ruth was barking orders around. Imagine that, she still thought she was in the power seat, ordering people around!

ugh, no surprise there.

[JeterRodriguezSheff]

I'd just prefer that taking his lunch money daily would be fine. That way, he couldn't get any good food, just candy bars.

I just hope that none of them can ever live the good life again.

I havent been following this case, has it been found that his sons were involved? I dont care what happens to Madoff or anybody involved, but I take exception to wanting people to suffer for their relative's wrong doing, if they did nothing wrong themselves. Some of my relatives are terrible people, people who have done terrible things. I wouldnt want to be linked to them, or suffer because of their actions.

[Jersey Yankee]

I havent been following this case, has it been found that his sons were involved? I dont care what happens to Madoff or anybody involved, but I take exception to wanting people to suffer for their relative's wrong doing, if they did nothing wrong themselves. Some of my relatives are terrible people, people who have done terrible things. I wouldnt want to be linked to them, or suffer because of their actions.

His sons worked for him. How innocent could they possibly be?

They turned him in to make allegedly themselves seem innocent. Between him, his wife and his sons, they should all receive $1,000/week and be allowed not a single dime in the bank. With that, they can live in whichever wealthy lifestyle they choose, so long as that $1,000/week (combined amount, not apiece) lasts for all of them.

[JeterRodriguezSheff]

His sons worked for him. How innocent could they possibly be?

They turned him in to make allegedly themselves seem innocent. Between him, his wife and his sons, they should all receive $1,000/week and be allowed not a single dime in the bank. With that, they can live in whichever wealthy lifestyle they choose, so long as that $1,000/week (combined amount, not apiece) lasts for all of them.

Well, I personally would let an investigation and trial sort that out before jumping to any rash conclusions. It is certainly far from cut and dry.

[Jersey Yankee]

Well, I personally would let an investigation and trial sort that out before jumping to any rash conclusions. It is certainly far from cut and dry.

OK, we investigate. Afterwards, do we lock the door and throw away the key? (j/k)

[Octoberbaby]

I don't think the sons knew but I do believe the wife did. She was doing his bookkeeping from the beginning.

[JeterRodriguezSheff]

OK, we investigate. Afterwards, do we lock the door and throw away the key? (j/k)

If found guilty, I think they should receive whatever the law considers the maximum penalty.

[shotz]

OK, we investigate. Afterwards, do we lock the door and throw away the key? (j/k)

no. get the chair warmed up.

[4bronxbombers]

I wouldn't be surprised at all if the sons knew what was going on.

[Jersey Yankee]

If found guilty, I think they should receive whatever the law considers the maximum penalty.

Oh good. At least we're fair here.

Oh, and here's the sentencing judge.

http://www.abc.net.au/reslib/200804/r237693_959162.jpg

[Jersey Yankee]

no. get the chair warmed up.

Oh you beast. How dare you? Please try the civil way of doing things:

http://z.about.com/d/civilliberty/1/...ngsquad500.jpg

I don't think the sons knew but I do believe the wife did. She was doing his bookkeeping from the beginning.

So long as the sons worked for him, I don't see how they couldn't know, especially since not a single SEC transaction was ever even completed. He merely pocketed the entire sums of money, leaving enough that whenever someone suspiciously withdrew cash, he could pay those debts..

[Octoberbaby]

Oh you beast. How dare you? Please try the civil way of doing things:

http://z.about.com/d/civilliberty/1/...ngsquad500.jpg

So long as the sons worked for him, I don't see how they couldn't know, especially since not a single SEC transaction was ever even completed. He merely pocketed the entire sums of money, leaving enough that whenever someone suspiciously withdrew cash, he could pay those debts..

The article in Vanity Fair magazine which was told by Madoff's secretary said that there was a separate division on a completely different floor that handled the clients and the transactions therein. The sons did not work in that division. It seemed, the way she explained it, that no one in the main office had anything to do with that division and did not interact with them in any way. There were two people that headed up that division. Those people were in collusion, no doubt as they were very rich for the jobs that they held and should be investigated, IMO. However the sons could very well have not known anything about that part of the business taking that into account.

[Jersey Yankee]

The article in Vanity Fair magazine which was told by Madoff's secretary said that there was a separate division on a completely different floor that handled the clients and the transactions therein. The sons did not work in that division. It seemed, the way she explained it, that no one in the main office had anything to do with that division and did not interact with them in any way. There were two people that headed up that division. Those people were in collusion, no doubt as they were very rich for the jobs that they held and should be investigated, IMO. However the sons could very well have not known anything about that part of the business taking that into account.

When you're that well-known, I think it's pretty hard to fool one's own sons. I just don't believe that he'd scammed his own sons, too.

Here's a June '09 VF article on the sons:

Did the Madoff Sons Know?

Friends of Mark and Andy Madoff tell Vanity Fair writer David Margolick that Andrew has called what his father did to him and his brother “a father-son betrayal of biblical proportions,” and has said that to categorize it as being blindsided would amount to the understatement of the century. But others, including Madoff alumni, don’t believe the boys could have been unaware of the scheme.

Margolick talks with their friends, surrogates, and former colleagues, and reveals that when Bernie Madoff broke the news of his Ponzi scheme to his sons, in the kitchen of his penthouse apartment, Mark was angry and Andrew was on the floor, sobbing. The spokesman for the sons tells Margolick that the fact that no one has come forward to implicate the two for involvement in the scheme is powerful proof that they weren’t involved.

Deborah, who worked for 24 years at the company and asked that her last name not be used, tells Margolick that “they wouldn’t have been able to do what Bernie did: they just didn’t have the evilness in them.” But she admits that other Madoff alumni don’t concur. “If I were to say that Mark and Andy are innocent, I’d get people looking at me like I’m absolutely nuts.”

Just type in "Madoff" from vanityfair.com and you'll see other related pieces.

[RYMASTER or Ryan_Yankees]

According to MSNBC, he got 150 years.

So, he'll get out when he's 223.

Poor Bernie...

[GiambiRocks]

According to MSNBC, he got 150 years.

So, he'll get out when he's 223.

Poor Bernie...

Couldn't have happened to a nicer guy!

[Mantle'sMutt]

Couldn't have happened to a nicer guy!

OK, if he lives through his sentence, I'll call him Moses.

[Bozidar]

he'll be out in 12 months on good behavior.

[Mantle'sMutt]

I was looking around for a good example of ruthless, self-serving bullshyt, and found this:
http://www.foxnews.com/story/0,2933,529440,00.html

[YankeeGalSC]

As far as I'm concerned he got exactly what he deserved.

[Bozidar]

As far as I'm concerned he got exactly what he deserved.

i disagree. they should have lynched him.

he's cost this country enough, i dont want to pay for his housing for the next X number of years.

rope is cheap, and reusable. It's a Green solution.

[Soriambi]

They let him off easy because he pleaded guilty. If he'd lost as trial he would have gotten 300 years easy.

[Jersey Yankee]

They let him off easy because he pleaded guilty. If he'd lost as trial he would have gotten 300 years easy.

Kevinambi, will he be more deader than dead by then?

Why don't we give him a 1-day sentence? Just put him in the water for some serious "face time" with the nice, friendly 15-ft croc seen in post #125 here, and all of our problems will be solved.

[Octoberbaby]

When you're that well-known, I think it's pretty hard to fool one's own sons. I just don't believe that he'd scammed his own sons, too.

Here's a June '09 VF article on the sons:

Did the Madoff Sons Know?


Just type in "Madoff" from vanityfair.com and you'll see other related pieces.

I read all the articles in Vanity Fair in their entirety already. Even according to what you have quoted some people are saying they don't think the sons were involved. All I am saying is that there are two schools of thought on it and I feel that they may not have known. Do I know that for sure? No, I am just saying they may not have known.

[Octoberbaby]

According to MSNBC, he got 150 years.

So, he'll get out when he's 223.

Poor Bernie...

Well deserved, IMO!

[Soriambi]

Will he be more deader than dead by then?

Why don't we give him a 1-day sentence? Just put him in the water with the nice, friendly 15-ft croc and all of our problems will be solved.

I believe the 15-ft croc penalty was ruled "cruel and unusual punishment" by the Supreme Court in the landmark case U.S. vs. Jenkins in 1887. Justice Gray, writing for the majority in the 8-1 decision stated that "in no way is allowing a man to be eaten by a beast, even if that beast inhabits the water, a civilized form of punishment. The federal government, states, and local municipalities are hereafter ordered to refrain from administering the aforementioned punishments." Justice Harlan, the lone dissenting Justice, issued a scathing dissent. "But guys," he wrote, "Crocodiles eating criminals is ****ing AWESOME." Upon reading the dissent, six of the Justices who had originally sided with Justice Gray changed their mind on the case, stating that Harlan's reasoning was sound and just shy of legal brilliance, but the verdict had already been entered and there was nothing that they could do to change it.

[TheYankee]

I was looking around for a good example of ruthless, self-serving bullshyt, and found this:
http://www.foxnews.com/story/0,2933,529440,00.html

You find that be self-serving? Dear God, man. I feel for the woman too.

[Mantle'sMutt]

You find that be self-serving? Dear God, man. I feel for the woman too.

If I believed her, I wouldn't, but I don't, so I do.

[TheYankee]

If I believed her, I wouldn't, but I don't, so I do.

What leads you to not believe her? Did I miss something?

[shotz]

for two and a 1/2 million id feel for her too.....

[ny]

What leads you to not believe her? Did I miss something?

Yes

11/25 She withdrew 5.5mm from BLMIS
12/10 She withdrew 10mm from BLMIS
12/11 BM was arrested

She was also Bernies bookeeper and no way her or their 2 sons did not know what was going on. There is zero chance of that. I hope she dies in prison like her husband although maybe well get lucky and she'll fall in the subway and save the taxpayers some money.

[xxltaco]

I was looking around for a good example of ruthless, self-serving bullshyt, and found this:
http://www.foxnews.com/story/0,2933,529440,00.html

oh that poor pumpkin!

what else can she do now that the world knows her family brought thousands of hardworking people to their knees? and no bookkeeper working with bernie, let alone sleeping with the man, wouldn't know about the scheme...

if you ask me, that editorial is just another attempted fraud by a madoff.

i say let her rot just like her d-bag of a husband.

or force her to marry OJ. or robert blake. or phil hartman's wife.

[Jersey Yankee]

I read all the articles in Vanity Fair in their entirety already. Even according to what you have quoted some people are saying they don't think the sons were involved. All I am saying is that there are two schools of thought on it and I feel that they may not have known. Do I know that for sure? No, I am just saying they may not have known.

If you're talking about 10 million for 3 years, maybe. If you're talking about $65 BILLION DOLLARS, an astronomical amount which exceeds any mega lotto jackpot by over 200:1, and all of these famous charities involved, including friends of Madoff himself, then you're talking about no trades whatsoever being made. How does one work at a securities firm where trades were not being made, and not be suspicious?

To me, if they have brains, they'd know what's going on. Then again, if they don't have the brains to figure that out, they may just be dangerous.

I believe the 15-ft croc penalty was ruled "cruel and unusual punishment" by the Supreme Court in the landmark case U.S. vs. Jenkins in 1887. Justice Gray, writing for the majority in the 8-1 decision stated that "in no way is allowing a man to be eaten by a beast, even if that beast inhabits the water, a civilized form of punishment. The federal government, states, and local municipalities are hereafter ordered to refrain from administering the aforementioned punishments." Justice Harlan, the lone dissenting Justice, issued a scathing dissent. "But guys," he wrote, "Crocodiles eating criminals is ****ing AWESOME." Upon reading the dissent, six of the Justices who had originally sided with Justice Gray changed their mind on the case, stating that Harlan's reasoning was sound and just shy of legal brilliance, but the verdict had already been entered and there was nothing that they could do to change it.

Dude, there are thousands of crocs and other large carnivores starving to death. Instead of housing them, feeding them, having them want to see to preserve their constitutional rights (including the right to live, which they've taken away from others), we could simply put them to good use.

Just strip them buck nekkid, wash them and have them went for a little "swim" in the nearest lagoon. When a pair of large eyes suddenly sink into the water near where they're at, the fun shall begin.

[Soriambi]

Dude, there are thousands of crocs and other large carnivores starving to death. Instead of housing them, feeding them, having them want to see to preserve their constitutional rights (including the right to live, which they've taken away from others), we could simply put them to good use.

Just strip them buck nekkid, wash them and have them went for a little "swim" in the nearest lagoon. When a pair of large eyes suddenly sink into the water near where they're at, the fun shall begin.

Tell it to the judge(s). Maybe the current Court will overturn Jenkins.

[Jersey Yankee]

Tell it to the judge(s). Maybe the current Court will overturn Jenkins.

Kevinambi, YOU be the judge. The case before you involves a hungry-arsed, big-tailed freakin' croc versus a smirking and nasty swindling con man, Bernard Madoff.

The trial shall be held in a small lake, with Bernie going for a swim, as if he's at a summer resort. Enter the waters comes the 15-foot croc, who's only eaten a baby zebra and a small piglet within the past 3 weeks.

Please note that in the matter of Madoff vs 15-foot croc, there will be no appeals. Once eaten up, he STAYS eaten.

[West Texas]

Kevinambi, YOU be the judge. The case before you involves a hungry-arsed, big-tailed freakin' croc versus a smirking and nasty swindling con man, Bernard Madoff.

The trial shall be held in a small lake, with Bernie going for a swim, as if he's at a summer resort. Enter the waters comes the 15-foot croc, who's only eaten a baby zebra and a small piglet within the past 3 weeks.

Please note that in the matter of Madoff vs 15-foot croc, there will be no appeals. Once eaten up, he STAYS eaten.

Wow.