NEW YORK – Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the applause of his seething victims in the courtroom.
Thursday, March 12, 2009
Major swindler heads to jail today
NEW YORK – Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the applause of his seething victims in the courtroom.
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It is good that he is going to jail for his crime, but I wonder why more effort was not made to find out where he stashed the billions!
ReplyDeleteFrostygirl
Good point, Frostygirl. I only know he didn't send any of it MY way! I'm guessing every member of his family has a smile on their face. Even the distant relatives. Their future spending habits should be watched closely, I say. But he did manage to spend a fair chunk of it himself, I hear. But not $50 bln. Holy hot tamale!
ReplyDeleteSo is the little woman keeping the 6 million and the house? Why is he just now going to jail? Money talks and bullshit walks.
ReplyDeleteAs usual Ettarose hits the nail on the head. WTF? The scum just wiped out thousands of people's dreams, and gets to live in a penthouse on jail arrest????? Are we to believe that he really will be shacking up at Attica with Bullua?
ReplyDeleteOne can only hope..
@Ettarose - Ah, dear cynical Ettarose. You show so little compassion for this family.
ReplyDelete1. Probably not. They are still in the early stages or trying to recover his assets. But knowing lawyers and our courts, it is unlikely she will go hungry.
2. Because our constitution requires something called "due process", and because of the 8th amendment to our constitution which allows bail. I know. I know.
3. Money walks? Yes, I think that is also in the constitution. Seems to be a fact of life, anyway. :) Well, at least he is behind bars now that he's plead guilty, until sentencing.
@Kevin John - Thank you for stopping by, Kevin. Yes, I have learned not to argue with Ettarose. :)
ReplyDeleteAt least there is no longer the penthouse. But I also (like you) doubt he will be serving any hard time. Perhaps he will have a heart attack and croak like the Enron guy did. Ken Lay. But most of these people are too cowardly to do the right thing. Plus they always put them on suicide watch in jail. Damn shame, that.
We have a similar case in SA in a guy called Shabir Shaik who was sentenced to jail for corruption/fraud and has spent so little time in jail because he suffers from diabites and has now managed to convince them that he is to sick to be in jail! Why is it that if you are rich they will bend the law for you but if you are poor you just have to die in prison if you are sick. Justice is a funny thing in this world.
ReplyDeleteNot fair, Frostygirl. No matter where you live.
ReplyDelete