RE: Madoff, no plea deal, up to 150 years sentencing

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RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 6:06:09 AM

SpinnerofTales

Posts: 1586
Joined: 5/30/2006
Status: offline

Let's all sing for Bernie (to the tune of Daisy)

Bernie, Bernie how did your schemes all fail?
You had Billions.
Now your ass is going to jail.
You thought you were cool like Fonzie
when you started with your Ponzi
But now you'll switch
to being a bitch
in a prison cell built for two.

Have a nice trip, Bernie.

(in reply to Vendaval)

Post #: 21

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 6:38:02 AM

UncleNasty

Posts: 1108
Joined: 3/20/2004
Status: offline

quote:

ORIGINAL: TheUtopian

quote:

ORIGINAL: subfever

Too bad tar and feathering prior to incarceration is considered cruel and unusual punishment.

I'd say there's at least a 50/50 chance he goes the same route as Ken Lay---That is to one of the underground cities

It's now widely held that Madoff hadn't purchased any securities on behalf of his investors for close to fifteen years....And to date, they've recovered less than a billion dollars, much of it tied to personal assets.

So, where did the balance go? Some say its somewhere in Israel, some say its in Switzerland, the Cayman Islands, etc, under fictitious, straw man accounts, and some say he lost it in this complex derivatives debacle. It's my guess that its a portion of all three and then some...

As for victim recourse : Well....the attorneys will surely eat up a large chunk of what they have already recovered....And after that, I guess each of the supposed victims could be due some compensation ala the Securities Investor Protection Corp--- which is basically a federally backed insurance fund dedicated for indemnification purposes related to securities fraud. But at 500k a wack, that amounts to nothing more than chicken slop for guys like Mort Zuckerman and all the institutional investors who were bilked by Madoff.

There's a whole lot more to this story than meets the eye.....

- R

Hmm. Not sure what to make of this. Scuttlebut is that Kenny Boy is dead. Are you suggesting something other than this? Perhaps "underground city" being synonymous with "underground railroad?"

Sorry, but I'm way too literal to see every subtlety, inuendo or double entendre. Oh heck, that is much too kind - I'm so fucking thick I miss almost all of the above on a regular basis.

Uncle Nasty

(in reply to TheUtopian)

Post #: 22

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 7:31:00 AM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

Madoff did not agree to plea guilty with nothing promised to him in return. He is not going to prison for life.

One does not plea guilty unless one gets a lighter punishment. In his case, admitting guilt is something his type never does. Humility and repentance are modes his type wont ever do.

He carries alot of power in this world and many are afraid of him and perceive themselves to owe him favors.

The sentencing is 2 months away. 2 months is a lifetime in our culture.

People "want" to think that madoff is going to be punished. And he should be.

But - if he gets any actual punishment at min, it wont be what you or I will get, and at worse he will get nothing- maybe even a promotion to do theft even more so.

Dont forget- Madoff is high power. He runs in that circle. Even if he doesnt damage the punisher, he has friends who will. 50 bln, I am sure more then just his palms were greased.

(in reply to UncleNasty)

Post #: 23

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 7:39:26 AM

slvemike4u

Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline

quote:

ORIGINAL: pahunkboy

Madoff did not agree to plea guilty with nothing promised to him in return. He is not going to prison for life.

One does not plea guilty unless one gets a lighter punishment. In his case, admitting guilt is something his type never does. Humility and repentance are modes his type wont ever do.

He carries alot of power in this world and many are afraid of him and perceive themselves to owe him favors.

The sentencing is 2 months away. 2 months is a lifetime in our culture.

People "want" to think that madoff is going to be punished. And he should be.

But - if he gets any actual punishment at min, it wont be what you or I will get, and at worse he will get nothing- maybe even a promotion to do theft even more so.

Dont forget- Madoff is high power. He runs in that circle. Even if he doesnt damage the punisher, he has friends who will. 50 bln, I am sure more then just his palms were greased.

Pa I'm not suggesting he pled guilty with no promises offered in return.Please take note that as of yet the accountant at his firm(wife) still has not been indicted.No other top level manegment(2 sons are VP's)has been indicted....and rumor is they won't be,and that my cynical friend is called a plea deal,whether or not it is ever made public or if it is in writing.Mrs Madoff still resides in a penthouse on the east side of Mahatten,still oowns property elsewhere......old man Madoff will march off to his jail cell so wifey and the boys can keep walking around free.

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4

(in reply to pahunkboy)

Post #: 24

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 7:43:32 AM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

Mike, a wife can not be made to testify against a husband.

The involvement of others isnt too relevant here. If I was charged, I would never plea guilty. I would have to have something in return. So I am sure Madoff who invented the NASDAQ, has thought of that.

BTW- I have 2 of the court filings PDFs if anyone wants them. Send me your email and I will send them to you.

(in reply to slvemike4u)

Post #: 25

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 8:20:59 AM

Owner59

Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline

Ron Kuby,one of my favorite liberals on Air America(and also a practicing NYC lawyer) says he`ll never do the whole stint.Not if he still has some money.

He thinks Bernie`s got most of it stashed real good and will eventually make a deal with the victims and prosecutors to give the $ back in return for time off his sentence.He doesn`t want to die in jail.

But it`s possible that there`s no money left.The man never bought any stock or Treasury bonds or any investments of any kind.His "dividend" checks he was paying out ,came from new clients` investments,not from real earnings.

There were Universities(and towns/cities and other big institutions) that lost their whole portfolios,as well as private individuals.Gone.Nothing.Wow.

How could a ponzie scheme this huge go on for so long?

I heard there was a whistle blower who couldn`t get anyone at the SEC to listen.Why is that?

What were they waiting for,...........~~THE MARKET~~............ to correct itself?! lol (well it did,but how many billions to late?)

< Message edited by Owner59 -- 3/12/2009 8:26:22 AM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to pahunkboy)

Post #: 26

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 8:22:42 AM

slvemike4u

Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline

Pa,the Judge sent him straight to jail....do not pass go,do not collect $200 dollars.
The guilty plea means he never has to testify under oath concerning the involvement of others in this ponzi scheme....if nothing else a serious impediment to getting to the whole truth and nothing but the truth .There is nothing available at this point to compel him to give testimony in any future investigations.
From Madoff's point of view this was a good move,he knew he was going down....

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4

(in reply to pahunkboy)

Post #: 27

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 8:36:18 AM

RacerJim

Posts: 1583
Joined: 1/1/2004
Status: offline

quote:

ORIGINAL: Owner59

Ron Kuby,one of my favorite liberals on Air America(and also a practicing NYC lawyer) says he`ll never do the whole stint.Not if he still has some money.

And in another thread on here you claim to be a moderate except when it comes to bushit and rushbo, and call rushbo a hypocrite? Typical left-wing liberal HYPOCRITE!

(in reply to Owner59)

Post #: 28

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 8:51:06 AM

Owner59

Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline

Liberals are the moderates.

Thanks to bush,Rush and the neo-cons and folks like you.

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to RacerJim)

Post #: 29

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 10:38:04 AM

Lockit

Posts: 11292
Joined: 5/7/2007
Status: offline

My wish for Bernie, is to make a record for the longest life ever... with those that he has hurt coming as ghost to torment his every moment with no peace to be found. The comforts in life that he has known will be taken and I hope he feels the loss of them very heavily. Where he misses the taste of fancy foods while he eats peanut butter... where he has no soft toilet paper and must use sand paper... where instead of photo shoots... he has a camera on his ass at all times and publication of some of those photo's. My wish is that he will live out all of those 150 year's in emotional torment that exceed's the effect he has had on all his actions have touched.

I hope he live's with a life long hard on that never finds release and remember's every wonderful thing in life that he now no longer has. His apology and shame mean nothing...

_____________________________

No matter how old a woman gets, some men will think she was born yesterday! ROFL... I love this place!

(in reply to Owner59)

Post #: 30

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 11:27:49 AM

ThatDamnedPanda

Posts: 6060
Joined: 1/26/2009
Status: offline

quote:

ORIGINAL: pahunkboy

Mike, a wife can not be made to testify against a husband.

The involvement of others isnt too relevant here. If I was charged, I would never plea guilty. I would have to have something in return. So I am sure Madoff who invented the NASDAQ, has thought of that.

On the contrary, the issue of his wife's involvement (and that of his children) is highly relevant here. Whether or not she can be made to testify isn't even an issue. The "innocent spouse" exemption does not apply if it can be shown that the spouse committed a crime herself, and some of her actions in the days before his arrest strongly suggest that she was at least aware of, and perhaps complicit in, his offense. I think that's the knife that the government is going to hold to his throat - "you're going to spend the rest of your life in a cage no matter what, but if you cooperate, you wife won't have to." For most people, that would be a very persuasvie knife. I think the guy's gonna cave after a few weeks in a cell, if he hasn't started to already.

_____________________________

Panda, panda, burning bright
In the forest of the night
What immortal hand or eye
Made you all black and white and roly-poly like that?

(in reply to pahunkboy)

Post #: 31

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 11:52:22 AM

Truthiness

Posts: 251
Joined: 11/27/2008
Status: offline

quote:

ORIGINAL: Owner59

Liberals are the moderates.

Thanks to bush,Rush and the neo-cons and folks like you.

It doesn't work like that.

Edit for clarification: The existance of right wing fanatics doesn't make you any less of a left wing fanatic.

< Message edited by Truthiness -- 3/12/2009 11:56:41 AM >

(in reply to Owner59)

Post #: 32

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 12:01:26 PM

CreativeDominant

Posts: 11032
Joined: 3/11/2006
Status: offline

quote:

ORIGINAL: Owner59

Liberals are the moderates.

Thanks to bush,Rush and the neo-cons and folks like you.

Bush may be a social conservative but he is certainly no fiscal conservative. He grew the government more than any president...something that the liberals/progressives should like...than any other president in history. As for Rush, yes he is a social and fiscal conservative but he is certainly no right winger. Those who view Bush and Rush as right wingers rather than as conservatives probably also fail to recognize the differences on their own side between the radical left and those who come down as just left of center.

(in reply to Owner59)

Post #: 33

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 12:14:35 PM

SilverMark

Posts: 3457
Joined: 5/9/2007
Status: offline

LEFT...RIGHT....doesn't matter!.....couldn't happen to a nicer guy!....

say Bye-Bye Bernie!

_____________________________

If you have sex with a siamese twin, is it considered a threesome?

The trouble with ignorance is that it picks up confidence as it goes along.
- Arnold H. Glasow

It may be your sole purpose in life to simply serve as a warning to others!

(in reply to CreativeDominant)

Post #: 34

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 12:17:13 PM

CreativeDominant

Posts: 11032
Joined: 3/11/2006
Status: offline

quote:

ORIGINAL: SilverMark

LEFT...RIGHT....doesn't matter!.....couldn't happen to a nicer guy!....

say Bye-Bye Bernie!

on that point, I could not agree MORE. Huzzah!!!!!

(in reply to SilverMark)

Post #: 35

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 1:07:15 PM

Truthiness

Posts: 251
Joined: 11/27/2008
Status: offline

quote:

ORIGINAL: CreativeDominant

quote:

ORIGINAL: SilverMark

LEFT...RIGHT....doesn't matter!.....couldn't happen to a nicer guy!....

say Bye-Bye Bernie!

on that point, I could not agree MORE. Huzzah!!!!!

No disagreements here. ;)

(in reply to CreativeDominant)

Post #: 36

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 1:15:09 PM

domiguy

Posts: 12952
Joined: 5/2/2006
Status: offline

Finally this country is waking up that the damage done by white collar guys far outweighs the guy with a gun in a liquor store.

This country has continually failed to prosecute these types of fuckheads in any type of a manner that equates with justice.

Rot in Hell, Bernie.

_____________________________

(in reply to Truthiness)

Post #: 37

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 1:43:33 PM

rulemylife

Posts: 14614
Joined: 8/23/2004
Status: offline

quote:

ORIGINAL: CreativeDominant

Bush may be a social conservative but he is certainly no fiscal conservative. He grew the government more than any president...something that the liberals/progressives should like...than any other president in history. As for Rush, yes he is a social and fiscal conservative but he is certainly no right winger. Those who view Bush and Rush as right wingers rather than as conservatives probably also fail to recognize the differences on their own side between the radical left and those who come down as just left of center.

It is all so confusing.

Maybe you could publish a handbook so we can all learn how to label ourselves properly.

< Message edited by rulemylife -- 3/12/2009 1:44:06 PM >

(in reply to CreativeDominant)

Post #: 38

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 1:55:56 PM

slvemike4u

Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline

quote:

ORIGINAL: domiguy

Finally this country is waking up that the damage done by white collar guys far outweighs the guy with a gun in a liquor store.

This country has continually failed to prosecute these types of fuckheads in any type of a manner that equates with justice.

Rot in Hell, Bernie.

Well balancing out that particular inequity shoud not entail turning a blind eye to the fuckwad with the gun in the liquor store either.I say throw both types behind bars.They can compare notes....

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4

(in reply to domiguy)

Post #: 39

RE: Madoff, no plea deal, up to 150 years sentencing - 3/12/2009 2:20:16 PM

domiguy

Posts: 12952
Joined: 5/2/2006
Status: offline

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: domiguy

Finally this country is waking up that the damage done by white collar guys far outweighs the guy with a gun in a liquor store.

This country has continually failed to prosecute these types of fuckheads in any type of a manner that equates with justice.

Rot in Hell, Bernie.

Well balancing out that particular inequity shoud not entail turning a blind eye to the fuckwad with the gun in the liquor store either.I say throw both types behind bars.They can compare notes....

So true. My life is worth more than my cash....lol.

Nonetheless, I think I read that Bernie has topped all of the theft and robberies when combined in the U.S. for quite some time.

_____________________________

(in reply to slvemike4u)

Post #: 40

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