Allvoices.com - Crime of the Century

Crime of the Century

It’s difficult to admit; I was happy to see Bernard Madoff get the full 150 year sentence for the massive fraud he committed. It’s not easy to be happy due to another’s bad fortune. His attorney appealed to the court to sentence Madoff to 12 years, hardly a fitting punishment for what might be “the crime of the century.” The list of victims encompassed thousands, including Zsa Zsa GaborZsa Zsa Gabor, Footloose star Kevin BaconKevin Bacon and his wife, Kyra SedgwickKyra Sedgwick. The broad based fraud also involved anonymous investors, whose life savings vanished into thin air. Two burning questions remain. Where did the money go? Who helped Mr. Madoff swindle so many out of so much? What would make me truly happy is the return of the funds to the investors who lost their life savings, and their retirement hopes. This is a modern day tragedy.

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News Stories

Bailiffs move into Madoff's $7m Manhattan home

News Source: The independent | 5 months ago

The US government has seized possession of Bernard Madoff's $7m penthouse on Manhattan's exclusive Upper East Side, changing the locks and forcing his wife of 50 years, Ruth Madoff, to seek new accommodation. Mrs Madoff, who was in the property at...
The Madoff Scandal: Nothing Is Settled

News Source: Truthout | 5 months ago

Three Francophone editorialists argue from right, left and center that Bernard Madoff's sentencing for the swindle of the century fails to reveal both the inner workings of that swindle and other dark sides of the whole financial system. (Photo: AP)...
Madoff case is far from over as detectives look at associates

News Source: Independent | 5 months ago

US officials pursuing their investigation of Bernard Madoff's Ponzi scheme are focusing on close associates of the convicted con man who insist they didn't know of any wrongdoing. The continuing investigation into Madoff's $65bn fraud may implicate...
Madoff appeal has little to gain

News Source: United Press International | 5 months ago

Appealing convicted Ponzi scheme operator Bernard Madoff 's 150-year prison sentence would be an exercise in futility, a legal expert said. Given Madoff's age, 71, even a reduction to 50 years would amount to a lifetime sentence, a case of Madoff...
Korea Times: Rule of Law

News Source: Uinta County News | 5 months ago

Korea Should Learn From Madoff's 150-Year Sentence It is hard for South Koreans to understand how U.S. courts often hand down prison terms of more than 100 years to criminals. The latest American case was the trial of Bernard Madoff, a 71-year-old...
ANALYSIS Some query Madoff sentence

News Source: BDNews24 | 5 months ago

The 150-year sentence meted out to Bernard Madoff surprised some legal experts, who say it far exceeds the punishments handed down to other big-time corporate scoundrels and may not send the intended message to other would-be crooks. The sentence...

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Changez | 5 months ago

Good point. It's like one years for every billion dollars, which seems fair.It's a shame that an old man like him should suffer his last years in prison, but then he made the big mistake of getting caught. It doesn't seem likely that he's going to have a good time out there. However I have little enough sympathy for investment bankers, forget investment fraudsters.

Related Tweets

@tomfeyer RT @JamesEstrin via @MuckRack At the courthouse I heard that, with good behavior Madoff could have his sentence reduced to 75 years.
5 months ago
@wsjrock RT @ alansmurray Check out this video to see first day at WSJ's new, high-tech news "hub" at 1211 Avenue of Americas. http://bit.ly/IhYUn
5 months ago
@alansmurray Why Madoff's 150 year sentence may affect the prison he ends up living in. Not good. http://bit.ly/15dIGO
5 months ago
@alansmurray Check out this video to see first day at WSJ's new, high-tech news "hub" at 1211 Avenue of Americas. Bye-bye downtown. http://bit.ly/IhYUn
5 months ago
@richarddeitsch For my California-based tweeps: If the Bernard Madoff trial was held in L.A. (or elsewhere in Calif.), is the result and sentence the same?
5 months ago
@pmintz Madoff's sentence: 150 years http://bit.ly/9YxuI
5 months ago
@stevebruskCNN Mrs. Madoff in statement says "the man who committed this horrible fraud is not the man whom I have known for all these years:
5 months ago
@johncabell Reuters Alerts: "Bernard Madoff sentenced to 150 years in prison" followed by "Swindler Bernard Madoff sentenced to 150 years in prison"
5 months ago
@markknoller Does anyone think the 150 year sentence for 71 year old Madoff is too harsh or disproportionate to the crime?
5 months ago
@businessed Symbolism of 150 yr sentence for #Madoff sends powerful message re: fraud. $
5 months ago
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