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Jun 29, 2009 | Posted by: Iria

Madoff Sentenced to 150 Years for Ponzi Scheme

Full story: www.nytimes.com

What did help some of the victims — if anything could — was the sentence Mr. Madoff received minutes later: 150 years in prison for operating one of the largest frauds in Wall Street history, an operation that ensnared millionaires, private foundations, a Nobel Prize laureate and hundreds of small investors who lost their life savings to an investment guru they had trusted completely.

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IT IS TIME

Nashville, TN

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#1
Jun 29, 2009
 

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Just a greedy Jew stealing from a lot of other greedy Jews that thought he was the Saviour that was going to give them Manna from Heaven. I think they all "Madoff and his Get Rich Quick Investors" got what they deserved.
I really do not care how you Judge this or what your Comments are either.
Troll Killer

United States

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#2
Jun 29, 2009
 

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IT IS TIME wrote:
Just a greedy Jew stealing from a lot of other greedy Jews that thought he was the Saviour that was going to give them Manna from Heaven. I think they all "Madoff and his Get Rich Quick Investors" got what they deserved.
I really do not care how you Judge this or what your Comments are either.
Just another inbred ignorant pile of dog crap spouting his hate and intolerance, not to mention a complete lack of understanding of what the Madoff ponzi scheme contributed to the crashing US and global economy. There's another putrid dumbass born every minute on Topix.
Czar of Logic

Hattiesburg, MS

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#3
Jun 30, 2009
 

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Investing is a risk and you should always anticipate a loss at some point throughout the years. With this being said, I don't understand how people would just throw their money in an investment and not keep tabs on it regularly.

I think 150 years is a ridiculous amount of time, especially when the government has no idea on how much has actually been lost and how much will be retrieved. Sure it is sad that so many people got taken but they did not pay attention to their investment and that is nobody's fault but their own.

I think a better idea would have been allowing Madoff to help retrieve as much of the money as possible and giving him credit for time served based on the percentage he recovered. 100% recovered means 100% time served. Letting the government handle the tracking down of existing funds will be years in the making and most investors will be dead before the government finally finishes.
WaltM

Cincinnati, OH

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#5
Jun 30, 2009
 

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Financial crackdowns are long overdue. And the mega-banks should be broken up into smaller pieces so this crisis cannot happen again -- found a cool site; www.tinyurl.com/dgbjlz ; awesome satellite view of earth

“Stress Test”

Joined: Mar 24, 2009

Comments: 911

St. Louis

ISP: Saint Louis, MO

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#6
Jun 30, 2009
 
Troll Killer wrote:
<quoted text>
Just another inbred ignorant pile of dog crap spouting his hate and intolerance, not to mention a complete lack of understanding of what the Madoff ponzi scheme contributed to the crashing US and global economy. There's another putrid dumbass born every minute on Topix.
What the hell did Madoff's ponzi scheme contributed to the crashing and global economy?

And you have the balls to call someone a dumbass. You need to tell Madoff to move over so you can do half of his time.
crazy ox3thong

Hamler, OH

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#7
Jun 30, 2009
 
he got the hellth care! U still headage? wanna get some ke ?:-0

“Love of $ is the Root of Evil”

Joined: Sep 24, 2008

Comments: 3429

Gotham City

ISP: Chicago, IL

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#8
Jun 30, 2009
 

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It's too bad the regulators who were supposed to be watching the financial markets were/are not held accountable.... There would be a lot of heads rolling if they were. Sleeping on the job? Or political connections that told them to look the other way?

You be the judge...

“Love of $ is the Root of Evil”

Joined: Sep 24, 2008

Comments: 3429

Gotham City

ISP: Chicago, IL

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#9
Jun 30, 2009
 

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Obama Drama wrote:
<quoted text>
What the hell did Madoff's ponzi scheme contributed to the crashing and global economy?
And you have the balls to call someone a dumbass. You need to tell Madoff to move over so you can do half of his time.
The crash happened because of too much money going out, and not enough coming in.... Madoff took people's money, and did NOT invest it like he said he was going to. He spent it on his favorite clients instead, giving the illusion of profits and the Ponzi scheme as a whole.

$150,000,000,000 is a lot of money to be scammed out of the system.... That alone could have saved a few banks.
conservative
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#10
Jun 30, 2009
 
Couldn't have happened to a bigger dick, and that was letting him off easy.

Joined: Mar 14, 2009

Comments: 1660

Kansas City, MO

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#11
Jun 30, 2009
 

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You have to be pretty gullible to believe in that "trickle down" stuff.

Joined: Jun 20, 2009

Comments: 3799

West Buffalo Hoof, USA

ISP: United States

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#12
Jun 30, 2009
 
Czar of Logic wrote:
I think 150 years is a ridiculous amount of time,
I agree. Fifty years would have been plenty.
conservative
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#13
Jun 30, 2009
 
Telstar wrote:
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I agree. Fifty years would have been plenty.
I agree they should have run some current through'em
sue

Cheshire, CT

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#14
Jun 30, 2009
 
An even bigger ponzi scheme is social security. Whos going to go to jail for that one.

Joined: Jun 20, 2009

Comments: 3799

West Buffalo Hoof, USA

ISP: Longview, TX

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#15
Jun 30, 2009
 
sue wrote:
An even bigger ponzi scheme is social security. Whos going to go to jail for that one.
If President Obama can figure out how to bail out the auto companies and banks, give us affordable healthcare, and eliminate global warming -

Fixing Social Security should be a no-brainer!

“Nothing Jives”

Joined: Mar 3, 2008

Comments: 168

Margaritaville, AR.

ISP: United States

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#16
Jun 30, 2009
 
Telstar wrote:
<quoted text>
I agree. Fifty years would have been plenty.
A hemp neck tie would have been easier, and made the next scamster think twice.

Joined: Jul 17, 2007

Comments: 7612

Logan, IL

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#17
Jun 30, 2009
 
1 year off your sentence for every ten co-conspirators you name who are successfully prosecuted.
Glasnos

Port Orange, FL

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#18
Jun 30, 2009
 

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One down and just 535 members of congress to go for their participation in the social security ponzi scheme.
A Perspective

Byron Center, MI

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#20
Jul 1, 2009
 
I'm waiting for him to have a "heart attack", like our buddy Kenneth Lay! LOL!

Joined: Jun 20, 2009

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West Buffalo Hoof, USA

ISP: Longview, TX

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#21
Jul 1, 2009
 
A Perspective wrote:
I'm waiting for him to have a "heart attack", like our buddy Kenneth Lay! LOL!
Ohhhhhhh! The Kenneth Lay conspiracy. Heard it was the CIA.

Joined: Nov 19, 2008

Comments: 5586

Cologne- Germany

ISP: Bergisch Gladbach, Germany

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#26
Jul 1, 2009
 
"The essence of oligarchical rule is not father-to-son inheritance, but the persistence of a certain world-view and a certain way of life ... A ruling group is a ruling group so long as it can nominate its successors... Who wields power is not important, provided that the hierarchical structure remains always the same."
George Orwell, 1984

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