Running Madoff scam thread

they don't have a big enough fucking cell for Madoff. either that, or I'd leave him in a room with Chuck Norris for an hour and tell Chucky to beat the hell out of him.
i have no patience with such high-brow criminals who pull this kind of crap or those such as the other ripoffs that have occurred in recent years (Enron, etc.)...these are crimes committed by supposedly intelligent human beings whose mode of operation was to purposely screw people and without any remorse. never will i be convinced otherwise.
i have far less sympathy with them than say, someone who grew up on the streets of Harlem or was in such an environment where crime was as much a part of their day as getting out of bed.
these guys like Madoff, they had far more opportunities than those criminals off of the streets did.
i am not saying that makes any crime right. it doesn't, of course.
but those like Madoff and his kind? send 'em off for life or put 'em on the street where they have to make a living the hard way.
pathetic.

 

Madoff pleads guilty.

Judge plays this card:


http://www.huffingtonpost.com/2009/03/12/madoff-arrives-in-court-f_n_174194.html

 

Why plead guilty? Why not fight it and stay out of prison as long as possible?

 

Why not just gang the dude by his gonads and be done with it?
Or, as suggested earlier, maybe a 10-second "conversation" with Mr. Chuck Norris.
Adios, Bernard.

 

As best as I can tell, he's pleading guilty just as a money saving device. He wants his wife to keep that $62mm and blowing half of that on criminal defense lawyers won't help reach that goal.

 

Won't he have to pay a ton in fines and restitution anyway (unless he dies in prison before sentencing, like Ken Lay)?

 

my guess is that he'll argue poverty -- that very little was in his name because he was paying it out to his investors, especially to keep the scam going before the bitter end.

 

Wouldn't want to be him, millions or no. I can't recall anyone being so reviled. OJ Simpson was Michael Jordan by comparison.

 

In a report I heard yesterday, someone was discussing his so-called "investors" and what their chances are to recoup any of their money. There's something called investor's insurance, which I've never heard of, that supposedly pays out a maximum of $500,000. Seems to me as though no one would qualify for this because their money was never invested; it was stolen. Nothing different here than if Madoff were a pickpocket and he took the money from these people right out of their wallets.

 

That's a sad part of the risk these investors take.

Madoff and his con schemes aside, this is why I don't feel sorry for people who lost money in the stock market. You take $100 and buy some stock, sit around a while and expect that same stock to be worth $500 or $1,000? But yet you NEVER expect it to go down? How nuts is that?

One reason I hate capitalism and all these investment brokers. Too many people out to just be greedy.

 

They'll have to put him in Supermax to keep him from getting shanked.

Hell, the Unabomber would shank him at this point.

 

He'll probably be in protective custody, at least to begin with. The dude is 70 years old, not likely he's going to be gang-bangin' it with the boys from the 'hood.