A 150-year prison term
This might sound ridiculous but this is a sentence that has been passed – a court has sentenced a 71-year old man to a prison term of 150 years! The man Bernard Madoff, a one-time non-executive chairman of NASDAQ stock exchange, admitted to large swindling and financial fraud. He pleaded guilty to 11 criminal counts of various financial offences like securities fraud, mail fraud, money laundering etcetera that swindled billions of dollars from investors. The magnitude of the fraud, which came to light in December last year, can be gauged from the fact that those who had invested their life’s savings hoping to become millionaires with comfortable retirement days were reduced to paupers overnight.
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- News Source: Times Online | 4 months agoBernard Madoff has hired a veteran prison consultant to help him to find the best possible jail in which to serve his 150-year sentence for Wall Street’s biggest fraud. After his sentencing this week Madoff, now Prisoner No 1727-054, met Herb...
- News Source: Jamaica Star | 4 months agoA Canadian man who tried to smuggle drugs out of the island to help him clear mortgage and tax obligations, was sentenced to six months in prison at hard labour when he appeared before the Montego Bay Resident Magis-trate's Court on Wednesday.
- News Source: Turkish Press | 4 months agoUS authorities seized the Manhattan penthouse owned by convicted Wall Street swindler Bernard Madoff, forcing out his wife Ruth who was still living there. "The US marshalls went and seized the property," marshall spokeswoman Nikki Credic confirmed...
- News Source: Androscoggin News | 4 months agoMr Pitt, who was SEC chairman for 15 months between 2001 and 2002, confirmed that the regulator had been given evidence of alleged wrongdoing by Mr Madoff’s business at various points – in 1992, 1999, 2005 and 2006. “But during [my tenure],...
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- Blog Source: ficry.comLike millions of my fellow white-collar stoners, when I return home from my; 99 Problems for Ruth Madoff A new photo of Ruth Madoff emerged today. Riding the subway, Mrs. Madoff symbolically sits underneath an advertisement claiming "99 ...
- Blog Source: www.climatecooperation.org... financier appears in U.S. District Court in New York to be sentenced for running a $65 billion Ponzi scheme that ensnared victims worldwide eve online isk. wiped out dozens of charities, turned millionaires into paupers and rocked the town of
- Blog Source: www.deepcapture.comAnd I think you will come to agree that most of these people –Bernard Madoff, those two Gruntal traders (whom I will soon name), Jim Cramer, Michael Steinhardt, Carl Icahn, Marty Peretz, that hedge fund manager who co-founded ...
- Blog Source: moneywatch.bnet.comAt the very least, reflexologists won't leave you a pauper. Now why do I say this? First, planners cost a lot of money, especially those fee-only ones — at least a few thousand a year plus a percentage of your investments. Even if your planner is
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Image Source: www.consumerfraudre...Madoff Ponzi Scam. Recommended:...Image Source: www.consumerfraudre...Madoff Ponzi Scam. Recommended:
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Video Source: youtube.comExecutive: SEC Ignored ...Video Source: youtube.comHarry Markopolos says the Securities and Exchange Commission ignored his ...... - Video Source: youtube.comLate Show - Bernie Madoff ...Video Source: youtube.comFind out how you can get an apology from the man who stole your money.
- Video Source: youtube.com
- Video Source: youtube.comEx-financier Madoff jailed ...Video Source: youtube.comBernard Madoff, a now-disgraced US financier, has pleaded guilty to - and .....
- Video Source: youtube.comUS Financier Bernard Madoff ...Video Source: youtube.comvideo.news.sky.com Investors in Britain are being hit by the fallout from a ...
- Video Source: youtube.comEye To Eye: Madoff ScamVideo Source: youtube.com"Only On The Web": Alleged Wall Street scam artist Bernard Madoff ...
Post a Comment Comments: 2
they must be setting new trends in meting out justice ...
Reported by prabirghose
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@tomfeyer RT @JamesEstrin via @MuckRack At the courthouse I heard that, with good behavior Madoff could have his sentence reduced to 75 years.
4 months ago
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