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Ponzi scheme king Bernie Madoff says he is dying, seeks early release from prison

He played the game...……..He lost.

Take him out in a pine box.
 
PirateMk1 said:
150 years for what amounts to fraud is overkill. How many people of lesser means are defrauded every year for far less. How many of the perpetrators get 150 years. None that I am aware of. How much money that was defrauded should not matter. Dont get me wrong Madoff should have been imprisoned, but not for 150 years.
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If it makes you feel better, it looks like he'll get out in 12-13.
 
Checkerboard Strangler said:
Not a chance. Bernie got 150 because he dared to rip off the one percent.
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Really?
My dad's union was ripped off by Bernie. They weren't the one percent.

Bernie can rot in his cell for what he did.
Did Bernie care about the people he stole from?
 
Outlook said:
Really?
My dad's union was ripped off by Bernie. They weren't the one percent.

Bernie can rot in his cell for what he did.
Did Bernie care about the people he stole from?
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Not saying he didn't rip off a variety of people, but the ones who made sure he got the stiffest sentence were the one percent. Had Madoff stuck to ripping off unions and working folks, he would have been given the Michael Milken treatment and there would be schools and libraries and hospitals named after him.
 
Checkerboard Strangler said:
Not saying he didn't rip off a variety of people, but the ones who made sure he got the stiffest sentence were the one percent. Had Madoff stuck to ripping off unions and working folks, he would have been given the Michael Milken treatment and there would be schools and libraries and hospitals named after him.
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What??
Madoff got a stiff sentence because he stole 65 billion. That is billion with a "B". The largest Ponzi scheme in history.
If he stole 65 billion all from working folks, he would have received 300 years in jail.
I got it, you hate rich folks.

There are thousands in prison serving life sentence for non-violent crimes, must be the doing of the 1%. LOL
 
Outlook said:
What??
Madoff got a stiff sentence because he stole 65 billion. That is billion with a "B". The largest Ponzi scheme in history.
If he stole 65 billion all from working folks, he would have received 300 years in jail.
I got it, you hate rich folks.

There are thousands in prison serving life sentence for non-violent crimes, must be the doing of the 1%. LOL
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... Maddoff ripped off people with lawyers to go after him. That is the 1% of any country. If Maddoff had ripped off the poorest people, he'd have to lay low for a while, but all he'd have to do is come back as a televangelist to fix that, or he'd get into Congress.

He ripped off hedge funds and banks, and he didn't care because funds and banks aren't union members and he'd never have to meet any of those people, those are end users, calculated casualty numbers.

The reason your father was ripped off is because the 1% of his own union, you know the guys people, the right wing complains are too rich, didn't care for his money anymore than Maddoff did. He got away with ripping your dad off. He could never get away with ripping off Banco Santander.



Я Баба Яга [emoji328]
 
dcsports said:
Most terminal diseases are very costly, even for basic care. This is especially true for lingering diseases. Medical costs in the final year are a large portion of expenses.

But rather than abstract, let's look at this specific patient. End stage kidney disease requires dialysis, which costs medicare (on a quick search ) $90,000 per year on an outpatient basis. Adding medications, physician visits, frequent labwork, etc, it will be very costly. End stage renal disease impacts 1% of Medicare patients, but is 7% of the costs. Doing this from a prison hospital will greatly magnify the cost. It's going to be very expensive.
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I would be ok with him going home on hospice - with ankle bracelet - and to go back to prison as soon as he leaves the house.

As long as this is a very modest house - because if he has any significant holdings - they better be going to FULLY reimburse his victims (none of this partial reimbursement crap)

Otherwise....he can be sick and die in prison like many others do every year. What makes him more special than the others who do not get released?
 
A life sentence, or 150 years as Madoff received would seem to imply the end of life would occur in prison.
 
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Hatuey said:
... Maddoff ripped off people with lawyers to go after him. That is the 1% of any country. If Maddoff had ripped off the poorest people, he'd have to lay low for a while, but all he'd have to do is come back as a televangelist to fix that, or he'd get into Congress.

He ripped off hedge funds and banks, and he didn't care because funds and banks aren't union members and he'd never have to meet any of those people, those are end users, calculated casualty numbers.

The reason your father was ripped off is because the 1% of his own union, you know the guys people, the right wing complains are too rich, didn't care for his money anymore than Maddoff did. He got away with ripping your dad off. He could never get away with ripping off Banco Santander.



Я Баба Яга [emoji328]
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This scenario had nothing to do with left right partisan nonsense. Madoff robbed too many Peters to pay Pauls and it finally caught up to him thanks to an internal auditor just out of school working her first job catching a minor anomaly no one could explain. She went straight to her cousin, a federal prosecuting attorney also recently on the job and the ball of wax melted in the subsequent light. Of course others took credit, but that is the way of the world. Madoff ripped off every institution that would listen to him with greed, offering impossible returns. Individuals were not spared, and they were his first clients, It wasn't that those in charge of other peoples monies didn't care, they did, with unassailed greed. Big investors, small investors, Madoff let neither walk away unscathed, including his own family members. His wife and children got off with relative slaps on the wrist, tho his wife kept his books for decades and his kids were privy to his schemes for years. Throughout his career, Madoff greased the palms of both parties, politicians at all levels, and worked the philanthropies both as a donor and in search of marks. He understood from the beginning, fund raisers for philanthropies made for contacts and endorsements, as well as marks to rip off. Greed was the sole blame for all that Madoff accomplished, his own, that of those who worked with him, his family and his investors. There were no innocents on any level. Every pension beneficiary who saw their retirements dissipate in scandal had no complaints as they watch those funds grow well beyond market returns for decades, on paper.

Allow others to manage your wealth, end up with nothing when returns do not make sense. There is no comparison to programs like social security because the SS trust doesn't make promises it cannot keep of wealth, merely an assist for the golden years. Funding retirement is still one's own responsibility. It is no one else's fault when all standing between retirement poverty and oneself is social security. The fault remains on the individual.
 
OldFatGuy said:
This scenario had nothing to do with left right partisan nonsense. Madoff robbed too many Peters to pay Pauls and it finally caught up to him thanks to an internal auditor just out of school working her first job catching a minor anomaly no one could explain. She went straight to her cousin, a federal prosecuting attorney also recently on the job and the ball of wax melted in the subsequent light. Of course others took credit, but that is the way of the world. Madoff ripped off every institution that would listen to him with greed, offering impossible returns. Individuals were not spared, and they were his first clients, It wasn't that those in charge of other peoples monies didn't care, they did, with unassailed greed. Big investors, small investors, Madoff let neither walk away unscathed, including his own family members. His wife and children got off with relative slaps on the wrist, tho his wife kept his books for decades and his kids were privy to his schemes for years. Throughout his career, Madoff greased the palms of both parties, politicians at all levels, and worked the philanthropies both as a donor and in search of marks. He understood from the beginning, fund raisers for philanthropies made for contacts and endorsements, as well as marks to rip off. Greed was the sole blame for all that Madoff accomplished, his own, that of those who worked with him, his family and his investors. There were no innocents on any level. Every pension beneficiary who saw their retirements dissipate in scandal had no complaints as they watch those funds grow well beyond market returns for decades, on paper.

Allow others to manage your wealth, end up with nothing when returns do not make sense. There is no comparison to programs like social security because the SS trust doesn't make promises it cannot keep of wealth, merely an assist for the golden years. Funding retirement is still one's own responsibility. It is no one else's fault when all standing between retirement poverty and oneself is social security. The fault remains on the individual.
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Who 10 'people' who lost the most money on cause of Maddoff.



Я Баба Яга [emoji328]
 
Hatuey said:
Who 10 'people' who lost the most money on cause of Maddoff.



Я Баба Яга [emoji328]
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It doesn't matter which individuals lost the most. For Joe Blow, who lost his pension, and lost his retirement, the hit was more severe than for the multimillionaires who lost a hundred million on paper, but still had a yacht, fine cars, wine cellar, estate at the beach and townhouse in the city with his trophy wife, along with another few hundred million in cash and investments. With the write offs from the loss then reinvested and bought a condo in Vail. Joe Blow got left eating from dumpster diving.

In the end, Madoff was punished severely not because of who he stole from, or the magnitude, but because he betrayed an entire industry dependent upon trust, even tho every greedy investor ultimately betrayed themselves.
 
Let him die in prison..

BUT if he was let out it would be interesting to see where he would go.. Both sons are dead.. IIRC his wife has nothing to do with him anymore. Obviously any 'friends' he had want nothing to do with him anymore. I don't think he has any money left, the court stripped him of everything to pay back his victims.

Not that I care... But where would he go?
 
That would be interesting if he had to live like one of the lower 50%ers.
 
1. If a group of, say, five respected doctors agree that his time is limited, then, YES, he should be allowed to die at home.

2. After his death, as many of his assets as possible should be sold and the proceeds distributed to his victims.

(Needless to say, he should not be allowed to leave his home for any non-medical reason.)
 
Lord of Planar said:
That would be interesting if he had to live like one of the lower 50%ers.
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Weird thing was he pleaded guilty almost immediately to protect his family. Yet his family has been ripped apart since 2008. Both sons are dead, his wife by all accounts is living a pretty sad life, she's vilified and shunned by her friend and relatives..

Karma? IDK..
 
TheParser said:
1. If a group of, say, five respected doctors agree that his time is limited, then, YES, he should be allowed to die at home.

2. After his death, as many of his assets as possible should be sold and the proceeds distributed to his victims.
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1- he has no home...

2- already been done..
 
SenorXm/Sirius said:
Let him die in prison..

BUT if he was let out it would be interesting to see where he would go.. Both sons are dead.. IIRC his wife has nothing to do with him anymore. Obviously any 'friends' he had want nothing to do with him anymore. I don't think he has any money left, the court stripped him of everything to pay back his victims.

Not that I care... But where would he go?
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The White House?
 
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