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With Ponzi scheme "investor" Bernard Madoff reportedly set to plead guilty to cheating his client out of billions, a former federal prosecutor tells the Post, "This guy is going to die in jail...He's got nothing to negotiate with. There is absolutely no deal that can be cut unless he can give up Hillary Clinton or someone like that." (The Post envisions that Bernie's cellmate will be named Bubba.) Newsday reports that "Manhattan federal judge Denny Chin said he is allowing the government to notify by Internet Web site postings the thousands of Madoff investors burned in the scandal that they have the right to appear in court on March 12." Madoff investors who wish to speak must email the U.S. Attorney's office (at usanys.madoff@usdoj.gov ) by Wednesday 10 a.m. We hope if victims are allowed to speak that Elie Wiesel is one of them. Last week the Holocaust survivor and Nobel Prize winner Wiesel, whose charity lost eveything, said, "It's the inhumanity in this man who simply believed he can go around depriving people of their livelihoods. What he has done to certain people, it breaks my heart."
Madoff May Face Victims at Upcoming Hearing
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A friend told me of police abuse of a homeless person this morning on the 1 at 168 st. Apparently,
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The government and the banks are the big boys when it comes to fraud and thievery. They don't like penny ante punks like Madoff moving in on their turf.
"Jail" for this turd will be like an extended stay at a four star hotel. Rich, connected types--even when they fuck each other over--never do "hard time." I guarantee a year after he's put away we'll be reading stories right here about the HD-TV in his "cell" going on the fritz.
You get what you deserve and this works both ways.
Quite a few of Madoff's victims invested with him because he was a sure thing. Everyone should know there is no such thing as a sure thing. Greed is to blame here on behalf of everyone involved. If it looks to good to be true, it probably is.
He certainly does deserve jail time for what he has done.
And the ignorance and greed shown by people who invested with him is now being called in to check.
As for the innocents that trusted their money with financial advisers who then went on to invest with Madoff, they are the victims here. You simply can not trust anyone. That is not just a simple saying, there is some truth in it.
WAIT A MINUTE HERE GANG! He did this all by himself? Where are the others that buried the bullshit? Let's get real here. There are probably hundreds of people involved in this scam. Let's get after them also.
An old Jew who at the most has ten years left in him taking the whole rap for this does not seem real.
"Last week the Holocaust survivor and Nobel Prize winner Wiesel, whose charity lost eveything, said, "It's the inhumanity in this man who simply believed he can go around depriving people of their livelihoods. What he has done to certain people, it breaks my heart." Meanwhile he didn't mind taking the points when they were coming his way. So what now. No more Wiesel charity? Vat gives, with the holy season rapidly approaching?
"Nobel Prize winner Wiesel" that couldn't be a derivation of the spelling "weasel" could it? If it was up to these people we would back at war with Germany. Meanwhile he probably is driven around in a Mercedes.
What are the victims gonna do? Gum da guy to death?
That was a really cruel observation Nanny.
Madoff was at the top of the chain. There were other people who were involved as well. People's greed destroyed their life, not Madoff.
I was amazed on 60 minutes when they called the scheme what everyone in the room was thinking but nobody would say: That is, "an affinity scheme" whichn preys on people of similar - usually ethnic - backgrounds. I couldn't believe my ears when I heard it. I thought to myself, ok, are these people victims of Madoff or are they victims of their own prejudices? Had any of them found a nice goy fund to invest in they would only have lost half their money (based on the DOW) and not all of it investing with this crook.
...so in that sense I have a hard time feeling sorry for any of these people, Weisel included.
After a lot of sound and fury he'll walk or do some token time in Club Fed.
Yeah, Matty they were all racists so deserve to lose money. How dare people of the same race stick together in the sin of familiarity.
Affinity schemes make people believe that they are getting the inside scoop on outsiders doesn't matter what ethnicity they are. And in that sense, yes, there is a sense of prejudice that blinded these people into making extremely foolish decisions.