Superb news I hope he rots in hell. Many many people have entrusted their life savings to this individual and have lost it all.
Thank God I dodn't have any money in him, unfortunatly not everyone can say that.
llama66
CKA Uber
Posts: 10503
Posted: Mon Jun 29, 2009 10:12 am
agreed.
martin14
CKA Uber
Posts: 33691
Posted: Mon Jun 29, 2009 10:19 am
its not enough.
xerxes
CKA Uber
Posts: 19937
Posted: Mon Jun 29, 2009 10:25 am
The better part of the sentence is that the judge has ordered all of his assests forfeited.
DrCaleb
CKA Moderator
Posts: 53442
Posted: Mon Jun 29, 2009 10:39 am
He will get out of jail in 2159. Too bad they'll remove the festering corpse long before then.
Terence
Active Member
Posts: 356
Posted: Mon Jun 29, 2009 10:51 am
I can't understand anyone being stupid enough to invest everything in one pot, without an understanding of what the holdings are and where previous "paper profits" came from.
I look at most annual reports and the tower of prospectuses I've requested over the years, and within 10 minutes decide whether to chuck them or check them out.
Investing should not be treated in the same way as purchasing a lotto 6/49 quick pick.
xerxes
CKA Uber
Posts: 19937
Posted: Mon Jun 29, 2009 11:04 am
Like I've sadi before, a better sentence would be to make Madoff live on the streets like a Dickensian urchin.
Proculation
CKA Super Elite
Posts: 6584
Posted: Mon Jun 29, 2009 11:07 am
bah... I know someone who is stealing TRILLIONS of money and he is President... He should have been condamned to be a Representative !
Freakinoldguy
CKA Uber
Posts: 14747
Posted: Mon Jun 29, 2009 5:08 pm
Hmmm, this is slightly more than the 12 years his defense attorney was asking for.
EyeBrock
CKA Uber
Posts: 15681
Posted: Mon Jun 29, 2009 5:46 pm
If he's good in jail he gets half, out in 75 years, a travesty! Homolka got out in way less time......10 years for killing little girls?
God bless Canadian judges and our magnificent Supreme Court.
Last edited by EyeBrock on Mon Jun 29, 2009 5:47 pm, edited 1 time in total.
Brenda
CKA Uber
Posts: 50938
Posted: Mon Jun 29, 2009 5:46 pm
in 12 years he would have been 83. Ya think he'll live that long?
dino_bobba_renno
CKA Elite
Posts: 4247
Posted: Mon Jun 29, 2009 6:03 pm
Screw the sentence, what about all the money his wife and family kept? While I don't wish to see the woman pushing a shopping cart on the street I don't think it's fair she's still running around in a Rolls and still has multi million dollar vacation homes all over the world with yachts docked outside of them. And what about the boys? Who's money finance their investment firm when it started off? Every cent that Madoff spent or gave to someone should be tracked down and given back to the people he hurt.
Freakinoldguy
CKA Uber
Posts: 14747
Posted: Mon Jun 29, 2009 7:52 pm
Brenda Brenda:
in 12 years he would have been 83. Ya think he'll live that long?
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