She'll most likely be sued in civil court after she gets out of prison especially if she's living a comfortable lifestyle after prison.
wrbtrader
Harvard graduate lost $19 million in forex trading out of $23 million raised
- Thread starter JSOP
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She'll most likely be sued in civil court after she gets out of prison especially if she's living a comfortable lifestyle after prison.
wrbtrader
In that case, Madoff should have never gone to jail. He should serve his sentence in house arrest in his posh mansion throwing parties. All those murderers shouldn't go to jail either. They should continue to live among us. After all they didn't harm us broad public either, just the victims. And if they are out, the victims would have more chance to sue them. And in fact, nobody should be going to jail from now on after committing a crime. They should just continue to live among us in shame and possible retribution.
That way we taxpayers would pay zero tax dollars and nobody gets punished after committing a crime and can continue to carry on as if nothing has happened. We, the law-abiding citizens will just keep getting killed, robbed, mugged, raped, stolen from, knifed, molested, bombed... but hey we don't pay any taxes anymore towards correctional systems. Youpee!! We will try to sue to give retributions before we get killed, robbed, mugged, raped, stolen from, knifed, molested, bombed...again.
I never used her gender as an argument. Your post also didn't contain any...
Actually Madoff lost anywhere from $50 to $70 billion but hey who's counting?
Absolutely doesn't follow any logic or argument, so this is where I stopped reading. As I pointed out earlier, if we assume the loss as 1 Billion for Madoff victims, he got the same sentence caused damage/year - wise.
She's from Harvard!! That's why. Notice her last name. It's a Korean name. Among Asians, Harvard is like the Heaven of universities. You can do no wrong once you've been to and even graduated from Harvard. You can have a degree in basket weaving, as long as it's from Harvard, Asian people will trust you with anything. Plus she had a brief stint with Goldman Sachs I believe. I saw that name popping up somewhere in the two articles so that is enough of financial experience. Harvard + Goldman Sachs, OMG! you are practically Warren Buffet in Asians' eyes. LOL
1. If so (for the sake of argument), than he got an even more lenient sentence. Or she should get like 3 months, just to be comparable.
2. In Ponzis it is rather hard to account real losses, because early investors get GAINS. That is why Pikelow's (sp?) widow gave back 5 billions. The real loss was what Madoff and his cronies used for themselves, the rest could be asked back.
Eventually the victims got paid back something like 65 cents on the dollar, not bad when you are rich.
1. If so (for the sake of argument), than he got an even more lenient sentence. Or she should get like 3 months, just to be comparable.
2. In Ponzis it is rather hard to account real losses, since early investors get GAINS. That is why Pikelow (sp?) widow gave back 5 billions. The real loss was what Madoff and his cronies used for themselves, the rest could be ask back.
Eventually the victims got paid back something like 65 cents on the dollar, not bad when you are rich.
70 cents on a dollar actually and yes that's the highest recovery record so far and that's thanks to Irving Picard, a real hero in my book. And the rule that he used was so simple too.
Well you were talking about tax savings for the taxpayers and all...
See this is the part that I didn't get either. The judge was disgusted by her privileged background and yet she still felt Park should get off easy?
