I think he'll have a terminal illness and be gone within three years. His kids turned him in so they wouldn't get charged.

That's a good prediction, lookout. He probably IS ill...right now.

[Church] Well, isn't that conveeeeenient. [/Lady]

at least we'll save a few bucks not having to keep him alive.

Oh no, you're not seriously wishing a terminal illness on anyone, are you? :eyebrow:

Nope. I think he already has something and knows it. The scam was coming to an end and he figured he's going to croak so they hid any evidence the boys knew about the scam and then had them turn him in. They get away and he goes to prison for a little while before his ticket is punched.

i'm not a conspiracy guy, but this one makes sense to me.

Well that does make some sense. He'll live out his days at Club Fed.

and you get to pay for his medical care in his final days. he gets the last laugh.

Damn, screwed again!

Or Bubba will give him aids.

In Club Fed, it will be Biffy who gives him aids.

He is not eligible for incarceration at a white-collar crimes prison according to one of the talking head DA's on the tube.

.

That's freaking great.

UPDATE

Bloomberg has a special section on their site dedicated specifically to the Madoff case for those of you who would like to follow what is happening with this situation.

I don't understand why people (hedge funds, banks, etc) that pulled their money out of Madoff's fund before it imploded, are being sued to give it back?
Should people that sold their real estate holdings before the bubble burst have to return the money?

Cheaters to prey on Bernard Madoff

"How many of Bernie's investors would oppose his waterboarding to get to the truth ? "

So, there's like money floating around in the ocean, off the shore?

(grabs scuba gear and books a flight)

The victim's can get a discount.

LOL!
Ahh, the free market, for all its problems, I still love it.

Does this thread die for two years when the trial starts?

Or will he die before that?

Yeh Zen - I wonder what town that sign was from. Capitalism is the greatest!

I'd only say, capitalism is less screwed up than a central command economy.

Thats 2.49999999 million too much to me.

Finally the next phase has begun. There are many more to follow after this first round.

10 others to be charged in Madoff probe

I love it! To bad he got it through cheating others. But hey, I wouldn't put it past some of them to make the money disappear.

Personally, I think he should be put to death. In fact, I think that should be the new penalty for white collar crime. For one thing, it does A LOT more damage to a LOT more people than violent criminals, and those people really just never have any remorse, well, beyond being caught that is. Maybe it would be a deterrant once a few of those Wall Street execs were seen hanging from the big board with their eyes popping out of their heads.

You should move to the middle east - seriously.

Wait now. She might have to wear a Burka. Then life might not be so rosy.

Good grief. It was a joke. I don't believe in the death penalty.

Well, here is what should happen:

Bump...

Where Are They Now?

Madoff is the worst kind of scum. Having his flesh flayed from his bones with a rubber hose is too kind for him.

Well, the irony here is that if Mr. Madoff had screwed over middle and working class victims, when he got out he would still be welcome at the country/yacht club. Since he screwed over his peers, he's never going to get out and would be a pariah if he did.

For an amoral person the lessons are 'pick your targets' and 'never crap where you eat'.

By comparison, the architect of Foundation for New Era, a $500 million dollar pyramid scheme in the Philadelphia area that targeted charities was only given a 12 year sentence and server about 10.

Granted, part of this may be that charities that had made 'profits' pooled their assets which recouped most of the money.

Madoff is only another example of what happens when the purpose of a company is profits. No different than the Mafia whose purpose is exactly same.

Why is Madoff any different than the top executives of GM or the entire corporate structure in Lehman Bros or Enron or AIG? These companies also did what so many Americans advocate only because they were told to believe it.

Madoff told explicit lies - claimed to have made trades that he hadn't, claimed to own shares etc that he didn't, etc.
The motives of Lehman etc were much the same, but a few small but significant points of method seem to matter - at least to some.

What is the difference between Enron accounting by Madoff and Enron accounting by Lehman Bros. Lehman began overt lying on the spread sheets in 2001. And their accountants (Ernest and Young?) were aware of it.

Madoff was done by a few people. Lehman Bros was done by hundreds in a major corporation. Other than that, what is the difference? Both were intentionally lying and stealing massive sums with an attitude of entitlement. Enron accounting is still ongoing – all but legal. Complete with massive rewards to those most complicit.

An interactive map of the Madoff investors ...
Man - look at Long Island.

http://madoffmap.com/