Bye Bye Bernie

desertT1 · 06-29-2009, 01:07 PM

Pick your favorite news source, but:

Madoff Sentenced to 150 Years in Prison

chopper duke · 06-29-2009, 01:14 PM

From Desert's link

Quote:

Bernard Madoff has been sentenced to the maximum 150 years in prison for his multibillion-dollar fraud scheme.

U.S. District Judge Denny Chin handed down the sentence in New York on Monday.

Defense attorneys had sought 12 years, while prosecutors wanted the maximum. The federal probation department had recommended 50 years.

Chin called the fraud "staggering" and noted that it spanned more than 20 years. He says "the breach of trust was massive."

The 71-year-old former Nasdaq chairman pleaded guilty to securities fraud and other charges in March and has been jailed since.

Bernard Madoff has apologized to his family and to the victims of his multibillion-dollar fraud scheme.

The 71-year-old financier said Monday at his sentencing that he "will live with this pain, this torment, for the rest of my life."

Madoff says that he dug himself "deeper into a hole" as the scheme progressed.

Attorney Ira Sorkin says the 150 years in prison recommended by prosecutors or the 50 years recommended by the federal probation department are excessive.

Victims who lost millions of dollars earlier urged a stiff sentence for the former Nasdaq stock market chairman.

Madoff has pleaded guilty to securities fraud and other charges in March and has been jailed ever since.

desertT1 · 06-29-2009, 01:21 PM

Quote:

Originally Posted by chopper duke

From Desert's link

As being a novice news poster I forgot that part. Thanks CD.

chopper duke · 06-29-2009, 01:22 PM

No problem man. I just know that they will sometimes change the links.

The link did say this will be update as well, as it's a "happening now" story so the link is still vital

chrislognshot · 06-29-2009, 02:26 PM

what jail is he going to by the way. Rikers Island or nice plush jail

Azzy · 06-29-2009, 02:44 PM

If only we could get 1/2 of that sentence to how many of the representatives in DC that sold the whole of the American people.

Bernie didt do the crime of the century, he is just taking attention away from it.

Harbinger[TG] · 06-29-2009, 02:45 PM

Good luck finding the 170 billion...

chrislognshot · 06-29-2009, 03:14 PM

and people suing for more too. from what i understand going after wife and family money and some of his friends too. since they have money tied up in other areas.

Winnebago · 06-29-2009, 05:06 PM

Quote:

Originally Posted by Azzy

If only we could get 1/2 of that sentence to how many of the representatives in DC that sold the whole of the American people.

seriously. there is a huge ponzi scheme going on right now.

I love this article on WSJ: Ruth Madoff Faces Living Off a Scant $2.5 Million

"her $2.5 million settlement should give her an annual income of maybe $125,000 a year"

oh the horror.

Quote:

Originally Posted by chrislognshot

what jail is he going to by the way. Rikers Island or nice plush jail

doesn't matter what jail. he'll most likely still get superstar treatment (so i'm cynical). Michael Vick served his time at medium security Leavenworth and he had personal trainers and workout time and other special privileges. sounds like a better life than a lot of people not in prison...

Quacker · 06-29-2009, 05:39 PM

They should take ALL of his assets including his idiot wife's "pittance". I hope someone shivs him.

06-29-2009, 01:07 PM	#1 (permalink)
desertT1 2 Infinity and Beyond! Join Date: Apr 2008 Location: Tucson, AZ	Bye Bye Bernie Pick your favorite news source, but: Madoff Sentenced to 150 Years in Prison __________________ DesertT1plays:Helmet cam videos (updated 1/23/2012) DT1 Phantom Undercocking kits are for sale! Now just $125 in the US, $130 to Canada Restoring a Tippmann Factory F/A (Full Auto) <-- Video added Feedback

06-29-2009, 01:22 PM	#4 (permalink)
chopper duke www.Axial-Photography.com Join Date: Jun 2008 Location: Valdosta, GA	No problem man. I just know that they will sometimes change the links. The link did say this will be update as well, as it's a "happening now" story so the link is still vital __________________ Co-Captain/ Co-Founder Team-Awesome My: MCB feedback {total = 250+}

06-29-2009, 02:44 PM	#6 (permalink)
Azzy Passing through rider Join Date: Mar 2006 Location: Finleyville, PA	If only we could get 1/2 of that sentence to how many of the representatives in DC that sold the whole of the American people. Bernie didt do the crime of the century, he is just taking attention away from it. __________________ Bryan "Azzy" Spiegel Riverside Renegade Paintball / C.C. S.V.S. Plankowner - LPPC#6 "It is my right to be uncommonâ€”if I can. I seek opportunityâ€”not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me.... â€ - Dean Alfange

06-29-2009, 02:45 PM	#7 (permalink)
Harbinger[TG] Inappropriate Happiness Join Date: Apr 2007 Location: Earth	Good luck finding the 170 billion... __________________ TRAILGUNNERS SCENARIO \| RULES and FAQs \|The MOLES

06-29-2009, 05:39 PM	#10 (permalink)
Quacker Seasoned Member Join Date: Nov 2006	They should take ALL of his assets including his idiot wife's "pittance". I hope someone shivs him. __________________ FS/T: Ridiculously Cheap UL'd PMR!

06-29-2009, 02:26 PM	#5 (permalink)
chrislognshot Post Whore Join Date: Jul 2006	what jail is he going to by the way. Rikers Island or nice plush jail

06-29-2009, 03:14 PM	#8 (permalink)
chrislognshot Post Whore Join Date: Jul 2006	and people suing for more too. from what i understand going after wife and family money and some of his friends too. since they have money tied up in other areas.