His prison mates will cheer when he arrives, since he took from the rich. What fraction of prison inmates would have had enough money to lose anything to this guy?
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Bernie Madoff - 150 years....
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I just read the sentencing transcript. That judge was cold, as were the victims who spoke. One of the guys said something to the effect of, 'I hope the court sentances Mr. Madoff such that his prison cell becomes his coffin and at the hour of his death, S atan grows forth a great mouth with which to recieve Mr. Madoff.' That's paraphrased, but pretty close.
Hope he doesn't drop the soap...
Hope he doesn't drop the soap...
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Is he going to federal prison? That's just like a spa...
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Hope he doesn't drop the soap...
Perhaps he has stocked up on soap on rope. Do they still make that?
Was thinking about Ponzi schemes and obviously I had a brain cramp on my previous post.
Clearly it's best to be in on the top of a Ponzi or pyramid scheme, rather than the bottom.
The question left here is, was Madoff the only one that knew of his Ponzi scheme? With that much money involved it seems hard to believe.
Hope he doesn't drop the soap...
Was thinking about Ponzi schemes and obviously I had a brain cramp on my previous post.
The question left here is, was Madoff the only one that knew of his Ponzi scheme? With that much money involved it seems hard to believe.
Yep, there were probably a dozen who also made off with lots of money.
Every time one of these "victims" received a dividend from Madoff, it was, at least in part, money that had been stolen from somebody else.
Are any of these so called victims offering to give up their ill-gotten gains?
I thought not.
Madoff offered them a deal that was too good to be true, and in their greed, they bought it.
Too bad.
Are any of these so called victims offering to give up their ill-gotten gains?
I thought not.
Madoff offered them a deal that was too good to be true, and in their greed, they bought it.
Too bad.
Win - something to that, but how often did this "fund" pay dividends and if so, to whom?
How about the IRS taxing phantom profits, and going to court not to pay them back.
http://www.cbc.ca/world/story/2009/03/12/f-rfa-macdonald.html
http://www.cbc.ca/world/story/2009/03/12/f-rfa-macdonald.html
Kestas
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Theres a lot of sickos in prison who would love to be known as the person who killed Madoff. They relish in that notoriety. That's why Dahmer got his, and I suspect Madoff will get his as well.
Originally Posted By: Pablo
Win - something to that, but how often did this "fund" pay dividends and if so, to whom?
I do not know.
Do you think the investors, victims, whatever we are calling them, were just rolling over their money instead of taking distributions?
Possible that some were, I suppose, but if Madoff was not paying out distributions, then except for his own lifestyle, he would not need new money coming into the scam.
Win - something to that, but how often did this "fund" pay dividends and if so, to whom?
I do not know.
Do you think the investors, victims, whatever we are calling them, were just rolling over their money instead of taking distributions?
Possible that some were, I suppose, but if Madoff was not paying out distributions, then except for his own lifestyle, he would not need new money coming into the scam.
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Possible that some were, I suppose, but if Madoff was not paying out distributions, then except for his own lifestyle, he would not need new money coming into the scam.
I don't know about that. Unchecked, my wife can evaporate money ...and have absolutely nothing to show for it in tangible or residual evidence. It was though it was never there.
Possible that some were, I suppose, but if Madoff was not paying out distributions, then except for his own lifestyle, he would not need new money coming into the scam.
I don't know about that. Unchecked, my wife can evaporate money ...and have absolutely nothing to show for it in tangible or residual evidence. It was though it was never there.
Originally Posted By: Kestas
Theres a lot of sickos in prison who would love to be known as the person who killed Madoff. They relish in that notoriety. That's why Dahmer got his, and I suspect Madoff will get his as well.
Yeah... Call it his ROI (Return on Investment).
Theres a lot of sickos in prison who would love to be known as the person who killed Madoff. They relish in that notoriety. That's why Dahmer got his, and I suspect Madoff will get his as well.
Yeah... Call it his ROI (Return on Investment).
Originally Posted By: Gary Allan
I don't know about that. Unchecked, my wife can evaporate money ...and have absolutely nothing to show for it in tangible or residual evidence. It was though it was never there.
And here I didn't know my ex got remarried.
I don't know about that. Unchecked, my wife can evaporate money ...and have absolutely nothing to show for it in tangible or residual evidence. It was though it was never there.
And here I didn't know my ex got remarried.
So he ended up in a County Club prison in South Carolina..What a surprise...That place looks gorgias...Its looks nicer then most condo developments.
I was hoping for a prison like Rikers in NYC or one of those other nasty prisons where gangs run wild...But I knew that was never going to happen.
Looks like that P.O.S. Bernie got his way again like I knew he would.
I was hoping for a prison like Rikers in NYC or one of those other nasty prisons where gangs run wild...But I knew that was never going to happen.
Looks like that P.O.S. Bernie got his way again like I knew he would.
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It's the same for all white collar criminals. Look at Michael Milken. I think he did 2 out of ten. He stole more from more people that hundreds of lower life criminals ..and is living high on the hog.
Remember, wealth needs help, and it doesn't stop at the halls of justice. It's not a birthright, per se~, it's an entitlement for acts of merit ..both legit and otherwise.
Remember, wealth needs help, and it doesn't stop at the halls of justice. It's not a birthright, per se~, it's an entitlement for acts of merit ..both legit and otherwise.
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