Madoff Seeks Leniency at Fraud Sentencing

[Thermactor]

Quote from VoodooMMI:

The real question is when is he eligible for parole?

per yahoo news there is no parole in federal prison

 

[flytiger]

I'm sitting here thinking, putting two and two together, and thinking Madoff is just a front man.

 

[number22]

Quote from MaklodaSux:

He should be sentenced to federal ass raping prison and get the same treatment as any other low-life scumbag bastard would have.

He is probably going to low medium security white only prison.

 

[Cutten]

Quote from atticus:

One son was worth $30MM. The MMing operation didn't make that kind of scratch.

Note the last word in my question: "How would it "fit the crime" for relations of his to lose assets they had earned legitimately?"

TheStudent advocated asset seizure, quote, "regardless of guilt"

 

[Cutten]

Quote from flytiger:

See the sec blowback?

They do this now, or the people take to the streets.

UBS to pay up to 5bill, Madoff a long time boy toy, just a good start.

I play golf with a guy in the Porn business. He was in the fish business, so I guess it was a natural. Anyway, he says they're guys out there into everything - ugly, fat, amputees, all weird stuff.

I wonder if there is some prisoner on the waiting list for an old guy?

"Hey, Chico, this one's yours."

That alone is reason to walk the straight and narrow.

The US already has the highest prison rape stats in the whole of the civilized world. Most victims are weak young first-time offenders, in for minor crimes like bounced checks, stealing a car, and in some cases merely on remand or in jail for a night or two and not actually guilty of any crime at all.

I find your apparent willingness to use forcible sodomy as punishment for crimes extremely disturbing. It certainly makes a mockery of your ET pose as some kind of crusader for justice. Ultimately you're just another guy looking for witch hunts to join.

Many of the comments on this thread and the other one about the kidnapped and tortured financial adviser lead me to conclude that a lot of people on ET, and by deduction the general population, are actually *worse than Madoff*.

 

[Cutten]

Quote from ipatent:

They all need to be removed from the gene pool.

So if one of your relatives committed fraud, you would accept a death sentence without trial or charge, just because you were related to them?

 

[zdreg]

Quote from TheStudent:

Hmm ... if I ruled the world, Madoff would be imprisoned for life and all the assets of his known relations confiscated, regardless of guilt.

All fees ever earned in connection with placing the Madoff fund would also become due to the state to encourage future marketers to check the underlying criminality of their wares.

That would be punishment that fits the crime.

" regardlessof guilt." I am glad that i not related to you.. maybe i should check with a genealogist u must be relared to iva,,, etc..

your lack of education is showing.

 

[Cutten]

Quote from countryBoy:

These people were investors first. Investors hoping for unrealistically high returns. So in that sense, they were really speculators. It didn't work out. Sure this guy is a crook, but the folks who are out the capital have to take some responsibility too. It's called greed - the reason they didn't put the capital in T-Bills.

A crime's magnitude is not reduced by the fact that the victim didn't take enough precautions. Failure to take adequate precautions is only used to judge the lack of caution and wisdom of the victim, not the character or moral responsibility of the criminal.

Saying that someone "took their chances" is correct, but it doesn't reduce Madoff's criminal responsibility by one iota. Taking chances only matters if the money was lost honestly e.g. Madoff gunning for high returns, blowing up, and closing his operation without any fraud or theft. If that was the case then my sympathy for the victims would be lower than yours.

 

[Humpy]

I think the system and culture of greed in the USA originally and now spread like a virus throughout the world is partly responsible.

This crime is just one more in the never ending escalation of crimes. Something needs to be put in place to cause a turnaround in VALUES.

What good are loads of academics if they can't even solve these simple problems ???

It's up to the politicians as ever and they are'nt wholly clean.

My hopes for success are not high !!

The Christians are much too forgiving

 

[Humpy]

Not very heart warming to see the victims of Madoff outside the courtroom. One old lady went from millionaire to penniless overnight. No home, no food, no medecine - she has to forage out of garbage bins, to survive

Is this really the end product of the American Dream ?

Are you guys still trying to foist this onto the rest of us ??