When Bernard Madoff faces judgment, he will hear how much of the rest of his life he will be spending behind bars. Randall Pinkston got an idea of what his victims will say.
Blog Posting
This is a response to Update on the Madoff Scandal.
Blog responses to this entry respond
Madoff's Maximum Sentence
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Another Update
Date: 06.29.09 Posted by: Jason
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replyI was following this coverage for a while and forgot about it ( i am sure many haven't), but his sentencing is today. I guess 75 years or something crazy like that
Amount of assets seized
Date: 06.29.09 Posted by: Jon Mayer
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replyI am not too sure if anyone caught that, but CRAP! They seized $180 billion in assets from Bernie and $80 million from his wife - are you f-ing serious? how the heck does someone get to owning that much in assets without anyone second guessing?
Re: Amount of assets seized
Date: 06.29.09 Posted by: Jeffery Zack
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Don't forget the 2.5 million she gets to keep - That woman will be in hiding forever. and lawyers say a sentence of 12 years is humane? wtf? what about the years of saving some of his clients have just lost? some over 50 years of hard honest work gone?
Re: Re: Amount of assets seized
Date: 06.29.09 Posted by: Joe Stevenson
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I'll tell you what is crazy is the SEC not doing more about this. And SIPC seriously should be able to compensate many investors, even if its not all of their money. $180 billion in assets plus another 80 million should at the very least cover some of the lost money. we're talking a quarter of the us bailout money.
Annual Income
Date: 06.29.09 Posted by: Donald Yufi
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replyif they seized that much in assets from him, what did he ever claim as his annual income? does anyone know? he must have been claiming to making billions a year to be able to afford all that
Finally Sentenced
Date: 06.29.09 Posted by: Jason
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replyIts official: U.S. District Court Judge Denny Chin sentenced disgraced financier Bernard Madoff, 71, to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment fraud.
Cheers and applause came from the courtroom as Madoff stood facing the judge with his hands clasped in front of him.
well deserved
Date: 06.30.09 Posted by: Johnny Mac
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replyhe got what was coming
Re: well deserved
Date: 06.30.09 Posted by: Jason
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Yeah he got what he deserved. A little surprised he got the max. I still think its more important for people to get their money back