Victims worry Madoff will take secrets to prison

[CountAllVotes]

Source: Associated Press

NEW YORK – Bernard Madoff's expected guilty plea leaves many of his ruined investors worried that the disgraced financier will take his secrets to prison with him.

On the eve of his federal court hearing, key questions remained unanswered: Who helped Madoff run one of the largest investment scams in U.S. history? What happened to the money?

Many of the people ruined by Madoff's Ponzi scheme took little comfort in his day of reckoning, even if it puts him in prison for life.

"A pound of flesh here is really not worth as much as a check," explained Burt Meerow, 70, who saw the proceeds of a lifetime of work vanish. He is now selling his home in Park Ridge, N.J., to stay afloat.

Read more: http://news.yahoo.com/s/ap/20090311/ap_on_bi_ge/madoff_scandal

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No comments, just rage here! :grr:

[Sanity Claws]

1. Why is he so silent?

I heard he has ties to the Russian Mafia. If so, that would explain his silence.

[xxqqqzme]

6. speculation

Excellent article in April Vanity Fair 'Madoff's World', http://www.vanityfair.com/politics/features/2009/04/madoff200904

Highly recommend it.

[Crabby Appleton]

9. Very interesting article

thanks

[CountAllVotes]

10. hmmm ... great link alright! (story good too btw) :)

:evilgrin:

:kick:

[Gman]

2. I think Madoff plans to commit suicide

he was entirely too calm about how he decided to turn himself in, set up his wife, (tried to) set up friends and relatives until they stopped it. He's entirely too methodical about what he's doing. I don't think he'll spend a single day in jail as he'll commit suicide at some point shortly before he's to report to prison. A lot may depend on how much time he gets. If it's the 150 years they're talking about, this man of leisure that's accustomed to the very fine life has no intention of spending the rest of his life in jail.

Think I'll add this to my journal just to be able to go back and say "told ya so!"

[acmavm]

3. Hmmm. Sounds reasonable. AS REASONABLE as anything in this whole

mess can sound.

If someone had written a novel about this shit, someone who pulled off a 50 billion dollar ponzi scheme for years, no one would publish it. Not if it said that prominent people, prominent institutions, financial institutions, all of then fell for it and just forked over their money without hesitation. Of course, they did believe the big 'lie', that he could pay 10 to 12% each and every year (which is, was, and always will be obvious to the entire world as being bullshit on an epic scale).

[Nihil]

11. Is that suicide or just a Kenny Lay "death"?

They are going to have to convince an awful lot of people that
1) he is really dead and
2) he is really staying dead!

SFX and money can do so much to help rich people escape justice these days ...
:shrug:

[CountAllVotes]

4. list of "victims" - 162 pages of "them"

You'll see many names on this list of "victims". Included are the likes of Bank of America, Morgan Stanley, CITI (many), and others; including the Bank of Ireland.

UNBELIEVABLE! Many of these "institutions" I believe have received and are receiving TARP funds.

http://www.cbsnews.com/htdocs/pdf/madoff_customer_list.pdf

WAKE UP!!!!!!!!!!!

:dem: :kick:

[bluestateguy]

5. Under such circumstances, I could condone torture

Torture should be on the table when white collar supercriminals won't talk.

[DinahMoeHum]

8. If I were to do that to white collars, it would NOT be for information.

I'm not interested in information or anything they would have to say. The point of my doing it would be as punishment and humiliation, not interrogation.

[Neo Atheist]

12. that's class warfare!

How dare you desire any kind of punishment for the people who have done almost everything they could to fuck up this economy for everyone else?!

I say while this shitpile is in prison he gets better healthcare than the president so he can serve every single day of his potential 150 year prison sentence.

Then deport him to somewhere like Sudan or the Swat Valley of Pakistan.

[antimatter98]

7. He should be tried for treason, convicted and face firing squad, shown on national TV. n/t

[sofa king]

13. He would be unwise to take such secrets to prison with him.

If I were the junkyard dog of a federal prison, the first thing I'd do is have his ass shivved, then let him know he wouldn't be so lucky the next time if he didn't start turning over account numbers.

[comtec]

14. You think he'll go to a REAL prison

he'll goto club fed, where the RICH go!

he'll be fucking pampered the rest of his worthless life.

'Sides we all know there will be no real justice =<.[br />
The money is lost and no one cares.

His family is set for generations!

[hugo_from_TN]

15. With as much money as Madoff has, the junkyard dog will be working for him.

He'll have cons and guards providing protection.

edited to make clear