Oh yes, to know that you have built a house of cards that large that could have come crashing down at any time.....doesn't get more nasty than that, IMO.
150 Years for Madoff!
Started by Bandita, Jun 29 2009 10:49 AM
41 replies to this topic
#32
AxlsMainMan
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Posted 01 July 2009 - 09:03 AM
Well there is that lady who had a million stashed away inside her mattress and it ended up at the dump.....
That'll perhaps make a hobo a very rich man someday.
"Whereas scientists, philosophers and political theorists are saddled with these drably discursive pursuits, students of literature occupy the more prized territory of feeling and experience." - Terry Eagleton
#34
Bandita
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Posted 01 July 2009 - 10:35 AM
Where was the SEC in all of this?
Seriously? It went ignored. They did a story on it on 60 minutes a few weeks ago about the guy who has been after this thing for years.
http://www.cbsnews.c...ainColumnArea.1
Harry M. Markopolos or Harry Markopoulos (born October 22, 1956 in Erie, Pennsylvania) is a former securities industry executive turned independent financial fraud investigator for institutional investors and others seeking forensic accounting expertise. He has risen to prominence as an early and unheeded whistleblower of suspected securities fraud by Bernard Madoff, tipping off the United States Securities and Exchange Commission (SEC) repeatedly both verbally and in writing starting in 1999, when he argued that it was not legally possible for Madoff to deliver the returns he had claimed to deliver.[1][2]
http://en.wikipedia....arry_Markopolos
You Commie, Homo Loving Sons of Guns!!!!!!!!!!!!!!!!!!
#35
Macker
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Posted 01 July 2009 - 11:00 AM
Madoff was a big shot with NASDAQ and had some influence... Just goes to show that the SEC is useless. Disband it. My SEC filings several months ago are being ignored or not looked at yet....They say they have been busy....
You never ask a navy man if he'll have another drink, because it's nobody's goddamned business how much he's had already.
#38
cousin it
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Posted 02 July 2009 - 05:30 AM
This fell within the sentencing guidelines, so I wouldn't be so sure. Think of it this way...what if he got 6 months for every person/organization he defrauded? We'd think that was pretty light, yet it would add up to far less than 150 years, I'm guessing.
Some how I missed your post.
Did you mean more? If so...
Yes but, how many sentences are run consecutive? As far as I know, virtually none of them. Rare is the case in which multiple sentences are not run concurrent.
#39
freedom78
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Posted 02 July 2009 - 08:48 AM
This fell within the sentencing guidelines, so I wouldn't be so sure. Think of it this way...what if he got 6 months for every person/organization he defrauded? We'd think that was pretty light, yet it would add up to far less than 150 years, I'm guessing.
Some how I missed your post.
Did you mean more? If so...
Yes but, how many sentences are run consecutive? As far as I know, virtually none of them. Rare is the case in which multiple sentences are not run concurrent.
Yes, I meant "more"...can't imagine how I made that mistake.
Fair point about concurrent vs. consecutive, but is there a limit on how many sentences can be served concurrently? I don't know, honestly, but there should be.
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#41
cousin it
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Posted 02 July 2009 - 11:39 AM
... but is there a limit on how many sentences can be served concurrently?
I have never heard of a limit, and like I wrote earlier, it is extremely rare for sentences to run consecutive. So, if it had happened, it would have probably caught my attention... that is if it was published outside of a law journal.
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