Quote :

"EPIC PONZI SCHEME"

12/18/2008 6:51:21 PM

1RD

12/18/2008 6:53:29 PM

MAD(E)OFF WITH YR MONIES

12/18/2008 6:53:42 PM

3st

12/18/2008 6:58:58 PM

U mad(0ff)?

12/18/2008 7:03:10 PM

Quote :

" March 12 (Bloomberg) -- Bernard Madoff’s admission today that he ran a $65 billion Ponzi scheme cheered dozens of investors who came to federal court in New York to bear witness to his confession that he lied and stole for decades. Investors filled three rows of seats in Courtroom 24B, where Madoff said he was “deeply ashamed and sorry” for defrauding individuals, charities, trusts, pensions and hedge funds. At the hearing, U.S. District Judge Denny Chin asked victims to say whether he should reject Madoff’s guilty plea to 11 counts, including fraud, perjury and money laundering. "

http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aTcWxAvpDTjw

3/12/2009 11:36:13 PM

Quote :

"Court releases victims' letters and e-mails in Madoff case * Story Highlights * "What about the public flogging he deserves?" asks angry investor * "The man single-handedly destroyed people's lives," e-mailer writes * Scam artist sends letter asking for bank account details to transfer funds * Madoff faces 150 years in prison at June 16 sentencing NEW YORK (CNN) -- Letters and e-mails expressing the anger, sadness and disbelief felt by the victims of convicted swindler Bernard Madoff were made public Friday in a Manhattan court. The letters were sent to the prosecution and the presiding judge before Madoff pleaded guilty last week to 11 counts stemming from a Ponzi scheme estimated to have bilked thousands of investors out of billions of dollars. "I falsely believed that Madoff Securities was a conservative and safe place to invest my money, our life savings, based on the charade he perpetrated ... along with the belief that the SEC was protecting me against any possible fraud," one e-mail read. "Obviously, I was wrong on all counts. ... everything I worked for and all I created over the last 30 years is gone!" Another e-mail said, "The man single-handedly destroyed people's lives, cripples people ... forever! ... Let him start over just like his victims will have to." One angry investor asked, "What about the public flogging he deserves?" while another lamented: "Your scheme has wiped out our savings, our retirement funds ... and our son's college fund. ... I sincerely hope that you spend the remainder of your natural life in a prison." Among the sad and at times profane accounts from the convicted swindler's victims, one ironic e-mail stood out: Penned by an African scam artist whose name was withheld, the letter expressed an urgent need for an American intermediary willing to give up details of his bank account to the author so that he could move his funds from the Republic of Congo to Dubai. The author promised a return of 10 percent of his alleged $350 million funds, and even offered an preemptive apology in case his proposal offended the readers' moral values. The only request he made was that the intermediary provide him with "absolute assurance that the funds will be safe and you will not sit on [the money] when it is transferred to your account." A judge denied a request to let Madoff, 70, stay out of jail until his June 16 sentencing. He faces up to 150 years in prison."

3/21/2009 8:12:39 PM

The man lived a hell of a good life

question - would 25 years of living a prosperous rockstar style life, be worth having to spend 10-15 in a medium security prison?

3/22/2009 5:49:31 PM

I think it would. Especially at his age.

3/22/2009 6:28:49 PM

i don't know, if it were me, it would i think it would have been 25 years of paranoia and always looking over my shoulder

[Edited on March 22, 2009 at 7:02 PM. Reason : .]

3/22/2009 7:01:50 PM