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Old 04-14-2021, 8:39am   #1
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Default Madoff made off

Madoff dies in prison
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Old 04-14-2021, 8:43am   #2
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Old 04-14-2021, 8:57am   #3
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Umm... Thoughts and prayers?
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Old 04-14-2021, 9:13am   #4
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from Wikipee:
Quote:
On December 10, 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as saying that it was "one big lie".

The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into his business practices but had not uncovered the massive fraud. On March 12, 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars. Madoff said that he began the Ponzi scheme in the early 1990s, but federal investigators believe that the fraud began as early as the mid-1980s and may have begun as far back as the 1970s. Those charged with recovering the missing money believe that the investment operation may never have been legitimate.

The amount missing from client accounts was almost $65 billion, including fabricated gains. The Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion. On June 29, 2009, Madoff was sentenced to 150 years in prison, the maximum allowed. He died in April 2021 while serving out his sentence.

















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Old 04-14-2021, 9:14am   #5
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We need to lock up and let die in prison all the scumbags that push ponzi schemes on Americans. Let's start with the assholes in congress who keep pushing Social security.
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Old 04-14-2021, 9:33am   #6
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Quote:
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Umm... Thoughts and prayers?
Yes... For the victims.
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Old 04-14-2021, 10:12am   #7
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It's a shame Jews don't believe in Hell. Having said that, I hope Bernie is experiencing a really bad surprise today.

He certainly didn't pay for his crimes here on Earth.
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Old 04-14-2021, 10:19am   #8
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Can't believe somebody didn't put an ice pick in his eye years ago... Ruined alot of lives financially.
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Old 04-14-2021, 11:00am   #9
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Quote:
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from Wikipee:












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Old 04-14-2021, 12:01pm   #10
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Shame when someone dies.....even more of a shame when there is hardly anyone that cares.
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Old 04-14-2021, 12:19pm   #11
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Quote:
Originally Posted by Rodnok1 View Post
Can't believe somebody didn't put an ice pick in his eye years ago... Ruined alot of lives financially.
Yep. I guess they recovered 13 billion so hopefully most investors got at least 50 cents on the dollar.
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Old 04-14-2021, 12:34pm   #12
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Quote:
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Yep. I guess they recovered 13 billion so hopefully most investors got at least 50 cents on the dollar.
Read last year 30,000 claims had had over 80% returned to them. Suprised it's anywhere near that amount.
Still glad the fukin thief is dead finally.
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Old 04-14-2021, 12:57pm   #13
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Couldn't possibly care any less. The ~8,000 Americans who die every day get no news stories or threads about them because they're not rich or famous.
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Old 04-14-2021, 2:16pm   #14
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good
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Old 04-14-2021, 6:49pm   #15
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Room just opened up at Butner Nc. Federal Prison
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Old 04-14-2021, 7:15pm   #16
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May he rot in hell for what he did
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Old 04-14-2021, 8:06pm   #17
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I'm surprised he made it this long.
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Old 04-14-2021, 8:51pm   #18
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His Ponzi scheme ain't got shit on the .gov run Social Security. Just sayin'...
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Old 04-14-2021, 9:13pm   #19
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They should put his body in a shredder.
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