Q&A on the Madoff Case - WSJA person familiar with the situation said investigators believe Mr. Madoff initially had a trading strategy that failed, and that he had made very few, if any, stock or options trades for clients over the years. Instead, the operation consisted of taking money in from new clients and paying it out to existing clients, said people familiar with the matter.
So I disagree. Prison is a fine place for him.
hell noworking off their debt to society for scam artists like Madoff makes more sense. A guy with his intellect can LEGITIMATELY make 200-300 K a year. so have him do that and take 80% of it for the victims rather than spending 40K a year on him in prison
he did the crime
make him pay
with the most precious commodity on earth: time
What the authorities have recovered in terms of "his" assets, can't make everyone whole again. Including charities and foundations, so I'm good with him being locked up.