Last Updated Jun 29, 2009 12:10 PM EDT
There's simply no punishment draconian enough for this sociopath, but now it's time for prosecutors to get busy and determine whether other Madoff employees and officers of the firm were in on the scam. It was noteworthy that at the sentencing, the evil-doer himself didn't ask for forgiveness, but did say that he deceived his brothers, his two sons and his wife. Convenient, huh?
It has always seemed impossible that Madoff could have done this alone. Didn't anyone at the broker-dealer notice that that there were no trades going through? Could the compliance officer have "missed" so many red flags? Did anyone consider the absurdity that Madoff never showed one single month of losses?
Innocent until proven guilty, but I'd like to see the government's case but a big bulls eye on the back of the following targets: Madoff's wife, sons, brother, niece other close business associates and of course, those feeder funds execs who were paid handsomely for participating.
Even 150 years doesn't seem enough for this crime.
Image by Flickr User Leeroy09481, CC 2.009481