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03-12-2009, 03:13 PM
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Location: Michigan
29,388 posts, read 53,581,907 times
Reputation: 21991
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Applause broke out in a Manhattan courtroom today when a judge denied admitted Ponzi scheme operator Bernard Madoff's request to return to his luxury penthouse, and instead ordered him handcuffed and taken straight to jail. Madoff pled guilty to 11 felony counts Thursday including securities fraud, mail fraud, wire fraud, money laundering, and perjury. He faces a 150 year sentence.
ABC News: Bernie Madoff Pleads Guilty to Ponzi Scheme, Goes Straight to Jail, Says He's 'Deeply Sorry' |
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03-12-2009, 06:47 PM
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Location: the beach
30 posts, read 45,794 times
Reputation: 31
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Financial Advisor Scam
The whole investment industry is a mess....
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03-12-2009, 10:08 PM
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1,233 posts, read 1,180,150 times
Reputation: 452
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Oh,... do they do that to they who are not the little people?
How tempting it must have been for the lawyers, prosecutors, politicians, and judges to not accept bribes and let the fool out. Damn the recession and all!... Could'a been a contender!
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03-12-2009, 10:15 PM
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Location: Virginia
931 posts, read 3,680,909 times
Reputation: 447
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Wait, They don't really care about me or my retirement?  |
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03-13-2009, 03:14 PM
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Location: state of enlightenment
2,403 posts, read 5,068,459 times
Reputation: 2498
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Quote:
Originally Posted by thecapitalistpig
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The whole investment industry is a scam. |
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03-13-2009, 05:32 PM
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939 posts, read 3,294,476 times
Reputation: 620
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Quote:
Originally Posted by John1960
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If he was truly sorry and remorseful he'd give his $826 million in assets to those he stole from.
Madoff Family Had $826 Million Net Worth, Filing Says (Update1) - Bloomberg.com |
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