Madoff is still winning

nancy324

nancy324

Cathlete
So what if he got 150 years? To him, it's no worse than the 12 years his lawyers were requesting. He won't survive long in prison. Does anyone really believe that he pulled off one of the greatest scams in the history of the world by himself?? IMO, as long as his wife, kids and other relatives go free, he's getting what he wants and he's winning. It's time to go after the rest of the crew, and give them each 150 years.

What do you think?
 
That's pretty much the summary CNN gave. Madoff "threw himself on his sword" (I swear, that's an exact quote) so his family, friends & colleagues wouldn't have to go to jail as well.
 
His wife still keeps 2.5 million dollars and his family still is safe from prosecution. Ick! I agree, you can't tell me his family knew nothing. Nobody can pull off a scam that big all by themselves.
 
rjroubi said:
His wife still keeps 2.5 million dollars and his family still is safe from prosecution. Ick! I agree, you can't tell me his family knew nothing. Nobody can pull off a scam that big all by themselves.
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is his family safe from prosecution? i hope not. Ruthie Madoff should have to forfeit the money and go get a job in the supermarket with the 90 year old man that lost his life's savings from their scam.
 
Horrible. As if his sons, let alone his wife, who worked with him didn't know about the scam. There are those who blame his investors who lost their life savings for their loss by saying they were greedy. Sheesh. Nothing like blaming the victim. :confused:
 
The man is a pig who's just "sorry" now that he's been caught. I haven't been following this story closely enough to know all the details so please straighten me out in regards to his family: My understanding was that nobody in his family had a clue he was anything but a totally on the up-and-up successful financial advisor. Then he took his two sons aside and confided the "whole thing was one big lie" and he then unloaded all the details. At that point, the sons were so horrified at what they'd been told that they turned their dad in. My impression was that the wife thought her husband had earned their luxurious life and she's just as bewildered by all this as everyone else.

Wrong:confused:? I really don't know.
 
nancy324 said:
So what if he got 150 years? To him, it's no worse than the 12 years his lawyers were requesting. He won't survive long in prison. Does anyone really believe that he pulled off one of the greatest scams in the history of the world by himself?? IMO, as long as his wife, kids and other relatives go free, he's getting what he wants and he's winning. It's time to go after the rest of the crew, and give them each 150 years.

What do you think?
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I am with you Nancy. I think it is just sickening that the rest of his "cronies" (and that includes some of his family) get off scott-free while the little guy who invested lost everything. It will be interesting to see what happens to some of the corporations who invested millions. Apparently, there is some talk that they knew (or should have known) what was going on.

Carrie
 
carres1973 said:
I am with you Nancy. I think it is just sickening that the rest of his "cronies" (and that includes some of his family) get off scott-free while the little guy who invested lost everything. It will be interesting to see what happens to some of the corporations who invested millions. Apparently, there is some talk that they knew (or should have known) what was going on.

Carrie
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I read about one of them yesterday..this man and his wife has a charitable organization that was paid out a ridiculous amount of money up to 2006 from Madoff (they received the largest payout of all investors). Apparently, this charity dictated what it wanted the return on the investments to be for a number of the payouts (i.e. we need to show a 10% return for January) and Madoff complied. emails documenting this stuff have surfaced.
 
SirenSongWoman said:
The man is a pig who's just "sorry" now that he's been caught. I haven't been following this story closely enough to know all the details so please straighten me out in regards to his family: My understanding was that nobody in his family had a clue he was anything but a totally on the up-and-up successful financial advisor. Then he took his two sons aside and confided the "whole thing was one big lie" and he then unloaded all the details. At that point, the sons were so horrified at what they'd been told that they turned their dad in. My impression was that the wife thought her husband had earned their luxurious life and she's just as bewildered by all this as everyone else.

Wrong:confused:? I really don't know.
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His wife, his brother, his two sons and other family members worked closely with him in his business. I have no doubt that the brother is going down because he was the compliance officer for the company. Getting hard evidence on the others is going to be more difficult, according to the prosecutors.
 
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