Comments on: Madoff Slammed With 150-Year Sentence
Convicted Scam Artist Gets Maximum Sentence; Says He'll Live With "Torment For The Rest Of My Life"
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- the only people he would protect and not tell on is his kids and wife. I wouldnt be surprised if they are in this as well. The sentance is fair , but not justified for what all the people had to go through and must pay for the rest of their lives.
If he was to get paid in prison for anything, they should pay him in foodstamps! He finally has to pay for the crime he did and now people can try to start their lives again...if they can. - Reply to this comment
- CBS News legal analyst Andrew Cohen: "The sentence is completely disproportionate to what other major white-collar criminals had received in recent years in fraud cases and I'm not sure that the level of the fraud, even the scope of it, justifies that."
In other words, previous sentences had provided no deterrent, and yet while the amount looted soars ever higher, Cohen wants to keep the penalty down to a level at which such monstrous theft and fraud is still thinkable.
lolll...what makes me think that Cohen would call the cops if he caught you having a cigarette in a restaurant he was in, though... - Reply to this comment
- They are just gonna post a guard outside the door of his suite at the Hyatt Regency. Yup, gonna cost taxpayers billions more just to take care of this scumbag for the next 150 years.
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- The propaganda system did it again -headline should be Madoffs can keep 2&1/2 million PLUS what is hidden-while many victims are finished !!!Must be a payoff to keep the political aids safe.
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- "I am shocked by this ruling-- and I suspect that many legal experts are as well," said CBS News legal analyst Andrew Cohen. "The sentence is completely disproportionate to what other major white-collar criminals had received in recent years in fraud cases and I'm not sure that the level of the fraud, even the scope of it, justifies that."
lollll....ahhh, that Wall Street mindset...be nice to him, even though people may die because those charities that were ripped off won't have the money to pay for somebody's medical care or fund medical research or whatever....
Yah, "It's only white collar crime!" - and most likely none of Cohen's money, to boot. - Reply to this comment
- He wasn't the first and he certainly won't be the last Wall Street Money Worshipping Scum to rip people off. Madoff got what he deserved, it's just too bad it wasn't 20 years earlier.
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- "Slammed"?
That is only one year for each $333 million... - Reply to this comment
- What harsh sentence?
The lying, theiving parasitic SOB got a lousy year in jail for every 433.3 million that he stole. Maybe crime really does pay after all.
At those prices, most of us would be glad to go inside for a year. Just take a lesson from Bernie...don?t be TOO greedy. 20 years here...50 years there...IT ADDS UP! - Reply to this comment
- It hardly matters that he received 150 year sentence. Average life span is 75 or maybe less. Seems to me that the courts spend way too much of the taxpayers money putting people in prison for years when it would be much better to nail them to a pole and let the rest view as an example for the next time the same offense happens. It would save us all a lot of money and there would be money for the ones who genuinely are in need. Besides the ones committing the crime would remember the punnishment for a long time. Unless of course they bled to death and then of course in some cases that would be better yet.
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- The only obscene thing about this(besides a racist @sshole like yourself of course) is OJ himself.
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- The only obscene thing about this(besides a racist @sshole like yourself of course) is OJ himself.
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- Boy! I bet he's glad he didn't get a life sentence!!
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- He's sorry for lying to his family>>>>>>>>>>>>
Do you really believe that he was able to pull off this deal alone.??...
Great way to keep the family out of jail....And keep a pile of money for them also....
He's a good provider................... - Reply to this comment
- Now go after the brother,wife,and two sons and anyone else that had anything to do with this.No way that they did not know!
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- The sad part of all of this, is that we still have to pay for his medical care, food and clothing until this filth expires.
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- There is no such thing as a "safe" investment unless you can protect it yourself. When nations fall, fortunes are won or lost. When large corporate scams fail, the same happens. Suggestion, don't take the "full faith and credit of the United States Government" for a guarantee, it isn't, it just omits the fact that there might not BE a "United States Government" 20 years down the road. That's the risk that ALL those T-Bill holders out there run. We might just call a new Constitutional Convention and abrogate all the actions of the previous government.
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- A person has an approximately 10 million average lifetime earning potential if he started working after graduating with a 4 year degree today. That means Madoffs crimes eliminated the entire life's contribtions of at least 1,300 people and perhaps as many as 15,000. Now, why do you think its unfair that he was ONLY sentenced to pay for one and a half of those lifetimes of damage (despite probably dying long before that) instead of the full meal deal? Casual criminals get far far harsher sentences for crimes that involve little financial loss or no victims, are white collar criminals special because their crimes are "only" committed with paper?
I agree prison sentences in general, and the War On Drugs in particular has made our society particularly prison prone, but destroying perhaps 13 billion to 150 billion in wealth just to feed your own vanity has got to merit AT LEAST a 150 sentence. With a provision for execution in case someone discovers the secret to immortality while he's in the can. No doubt with what his family has squirreled away, no matter what the cost, he could afford it. - Reply to this comment
- Now if we could find a way to nail the ceo's and etc for ripping off the American public and our gov't.
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- Heh, what a joke "I am shocked by this ruling-- and I suspect that many legal experts are as well," said CBS News legal analyst Andrew Cohen. "The sentence is completely disproportionate to what other major white-collar criminals had received in recent years in fraud cases and I'm not sure that the level of the fraud, even the scope of it, justifies that."
Well guess what Cohen, when you destroy the life's earnings of that many people then you should be sentenced to that many lifetimes in prison. The SCALE of white collar crime should certainly have something to do with the scale of punishment. If a person can get life for shoplifting (habitual offender rules) and over his life of crime has perhaps caused a few thousand dollars in economic damage and never directly harmed anyone, then why should a white collar criminal get off because he committed his crimes with paper rather than with his hands? Frankly the sentence should be proportional to the economic damage done to all victims as well as any violence or force used. In this case the sheer scale of this scheme compared alongside the meager sentence means that other white collar crimes have been habitually UNDER sentenced. Madoff SHOULD have been sentenced to a short life of hard labor on bread and water with vitamins, and worked until he dropped at a EPA Superfund site cleaning up toxic waste in his underwear.
Madoff was wrong when he said there was no way he could apologize. The Japanese long ago invented a method of apology that would have worked fine; Seppuku would have really been a sincere apology, done the traditional way of course. - Reply to this comment
- Way way way too harsh. This was a non violent "money" offense. It was only about money, and nothing else. Murderers usually don't even get this much time, and I think the judge was just bowing to public pressure. The 12 years that his lawyer was asking for would have been plenty for a man of his age. I certainly hope they appeal that sentence.I think on appeal, they could get that sentence lowered to something within the bounds of reality. I'm so damned sick of the "prison happy" society that we've become, that it ain't even funny.
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- A person has an approximately 10 million average lifetime earning potential if he started working after graduating with a 4 year degree today. That means Madoffs crimes eliminated the entire life's contribtions of at least 1,300 people and perhaps as many as 15,000. Now, why do you think its unfair that he was ONLY sentenced to pay for one and a half of those lifetimes of damage (despite probably dying long before that) instead of the full meal deal? Casual criminals get far far harsher sentences for crimes that involve little financial loss or no victims, are white collar criminals special because their crimes are "only" committed with paper?
I agree prison sentences in general, and the War On Drugs in particular has made our society particularly prison prone, but destroying perhaps 13 billion to 150 billion in wealth just to feed your own vanity has got to merit AT LEAST a 150 sentence. With a provision for execution in case someone discovers the secret to immortality while he's in the can. No doubt with what his family has squirreled away, no matter what the cost, he could afford it.
- A person has an approximately 10 million average lifetime earning potential if he started working after graduating with a 4 year degree today. That means Madoffs crimes eliminated the entire life's contribtions of at least 1,300 people and perhaps as many as 15,000. Now, why do you think its unfair that he was ONLY sentenced to pay for one and a half of those lifetimes of damage (despite probably dying long before that) instead of the full meal deal? Casual criminals get far far harsher sentences for crimes that involve little financial loss or no victims, are white collar criminals special because their crimes are "only" committed with paper?
How gold pays for 
