Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

I don't feel bad for the victims that much. I mean I do feel for them. There was a guy on the radio who lost everything. What I'd like to know is where was the oversight? He didn't get caught until he ran out of steam? I bet if they did a proper investigation then they'd have turned up a lot of corrupt people. It is hard for me to feel bad for greedy people but you know what. . . . stealing is stealing. I don't care if they were rich or only had two pennies to rub together. Bernie I hope you rot in pound you in the a** prison for the rest of your natural life.

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

[quote=Trample the Elderly;536715]I don't feel bad for the victims that much. I mean I do feel for them. There was a guy on the radio who lost everything. What I'd like to know is where was the oversight? He didn't get caught until he ran out of steam? I bet if they did a proper investigation then they'd have turned up a lot of corrupt people. It is hard for me to feel bad for greedy people but you know what. . . . stealing is stealing. I don't care if they were rich or only had two pennies to rub together. Bernie I hope you rot in pound you in the a** prison for the rest of your natural life.[/quote]

What would make someone greedy if they had purchased an investment that was providing great returns on their money? I'm like you and would love to know how he got this over on the SEC for so long. Well after I typied that last sentence and thought I'd try and look it up. Here is a good article on how this got by the SEC. The best thing about the article is a link at the bottom of the page that reads " How To Start A Ponzi Scheme". I think part of the problem is that he was so well known even after the SEC look at his books and did not find anything they just stopped looking because he was so well known on Wall Street. [url=http://www.forbes.com/2008/12/17/madoff-sec-cox-business-wallst-cx_em_bw_1217ponzi.html?feed=rss_business]Why The SEC Missed Madoff - Forbes.com[/url]

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

[quote=firstdown;536724]What would make someone greedy if they had purchased an investment that was providing great returns on their money? I'm like you and would love to know how he got this over on the SEC for so long. Well after I typied that last sentence and thought I'd try and look it up. Here is a good article on how this got by the SEC. The best thing about the article is a link at the bottom of the page that reads " How To Start A Ponzi Scheme". I think part of the problem is that he was so well known even after the SEC look at his books and did not find anything they just stopped looking because he was so well known on Wall Street. [url=http://www.forbes.com/2008/12/17/madoff-sec-cox-business-wallst-cx_em_bw_1217ponzi.html?feed=rss_business]Why The SEC Missed Madoff - Forbes.com[/url][/quote]

When I say greedy I mean when something appears to good to be true it usually is. This scheme he was running, from what I've heard, was just that. People within his community and with connections we're all to eager to make huge returns on their investments without doing their homework. Some would say that they were greedy. I say yes but, stealing is stealing. And, not everyone has the time or intelligence to study the market and investments, especially old people. They get advice from people who are supposed to know better. That's why he's a scum bag IMO.

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

[quote=Trample the Elderly;536755]When I say greedy I mean when something appears to good to be true it usually is. This scheme he was running, from what I've heard, was just that. People within his community and with connections we're all to eager to make huge returns on their investments without doing their homework. Some would say that they were greedy. I say yes but, stealing is stealing. And, not everyone has the time or intelligence to study the market and investments, especially old people. They get advice from people who are supposed to know better. That's why he's a scum bag IMO.[/quote]
Yea, but he was clever enough to fool the SEC I'm sure he was clever enough to fool the everyday person and from what I read he even fooled people who knew about investing.

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

Just heard on the news he got the max 150 some years.

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

[URL="http://www.marketwatch.com/story/madoff-sentenced-to-150-years-in-jail-reports-20096291140300"]Madoff sentenced to 150 years in jail: reports[/URL]

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

Sad to say this does nothing to help the people that are now in big financial problems from this crook. I'd like to see them leave him in a cell for 150 years and literally let him rot in jail.

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

Don't drop the soap Bernie!

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

AND his new roomate will be Ben...Dover
Good enough for him. You reap what you sow.........sooo, He f... a lot of people, and a lot of people will be........him?

Re: Madoff's New Home: Cell the Size of Walk-in Closet
 

I'm just wondering why it took so long to put Madoff behind bars. He lived in his NY penthouse for at least a year after he was caught. The smallest cell will be too big for this guy.