Madoff gets the max
By Walker Duncan Posted on June 29, 2009 at 11:17 amConvicted Ponzi scheme operator Bernie Madoff was sentenced today in New York to the maximum 150 years in prison for operating his $50+ billion fraud according to various news outlets.
Although reports have said that Madoff’s attorneys were recommending a 12-year sentence, the judge was clearly more swayed by nine victims who told the court of how their lives had been affected by the the scam. One woman from Stamford, Conn. has been forced to rely on food stamps and gathering bottles to recycle.
Tags: Bernard L. Madoff, Criminal prosecution, Ponzi schemes, white-collar crime
Comments
2 Responses to “Madoff gets the max”
Tag Cloud
Recent Comments
- SouthernIndie on Why you’re not hearing from hospitals in the reform debate:
- CSR on One in eight Tennessee factory jobs gone since 2007:
- C H Bates on Union suing HCA over flu shots:
What an ego, the next thing you know the unio will want to consult prior...
- TNVolunteer73 on If you wanted to nitpick HCA’s numbers…:
- SouthernIndie on Union suing HCA over flu shots:
Another SEIU power play to show how important they are. Their...
- EddieA on One in eight Tennessee factory jobs gone since 2007:
- Blue on One in eight Tennessee factory jobs gone since 2007:
- myron_monk on One in eight Tennessee factory jobs gone since 2007:
- SouthernIndie on One in eight Tennessee factory jobs gone since 2007:
- Geert De Lombaerde on One in eight Tennessee factory jobs gone since 2007:
The Conglomerate
WSJ.com: Real Time Economics » Full Text: Tim Geithner’s Statement at the G-20
Posted 106 minutes ago
CNBC Top News and Analysis » Administration Rejects Plan to Buy Fannie Mae Credits
Posted 2 hours ago
The Big Picture » Treasury DKs Goldman/Fannie/BRK Tax Credit Scam
Posted 3 hours ago
The Big Picture » The Galley Slaves Aren’t Feeling It
Posted 3 hours ago
NPR Topics: Business » Could Big Donors Break Obama's Fundraising Record?
Posted 4 hours ago
Morningstar Articles » Consumers Still Sticking to the Basics
Posted 5 hours ago
Morningstar Articles » Betting with Buffett
Posted 5 hours ago
The Big Picture » The Glide Path Option
Posted 6 hours ago
WSJ.com: Developments » Real Estate News: Super Jumbo Mortgages, Housing’s Blank Check
Posted 6 hours ago
Health Business Blog » Routine HIV testing at the VA: Podcast interview with Dr. Henry Anaya
Posted 15 hours ago
Tech Blog » Sun Microsystems’ losses narrow
Posted 16 hours ago
CNBC Top News and Analysis » Week Ahead: Stocks Search for Catalyst in Quiet Week
Posted 16 hours ago
Morningstar Articles » U.S. Recovery Gains 'Votes'
Posted 17 hours ago
CNBC Top News and Analysis » Cramer: Earnings, IPOs Dominate Next Week
Posted 17 hours ago
CNBC Top News and Analysis » Video Game Industry's Troubles Aren't Just in US
Posted 17 hours ago
CNBC Top News and Analysis » Sun Micro Sales Fall as Oracle Deal Remains Delayed
Posted 17 hours ago
Marketing DR » Citizen Sponsorships: The Next Big Thing?
Posted 17 hours ago
CNBC Top News and Analysis » Buying Fear: How to Own Volatility
Posted 17 hours ago
The Undercover Economist » How a celebrity chef turned into a social scientist
Posted 18 hours ago
The Undercover Economist » Dear Economist: Why a ‘pointless’ tax cut really counted
Posted 18 hours ago
CNBC Top News and Analysis » Buffett's Berkshire Hathaway Says Net Income Tripled
Posted 18 hours ago
CNBC Top News and Analysis » Week's Top Videos: Droid Phone, Insider Trading & More
Posted 18 hours ago
CNBC Top News and Analysis » Food Network, HGTV Drive Scripps Networks' Profit
Posted 18 hours ago
WSJ.com: Deal Journal » Comings & Goings: Jamie Dimon Hires Dad at J.P. Morgan
Posted 18 hours ago
FT Alphaville » The Weekender
Posted 19 hours ago
WSJ.com: MarketBeat » Data Points: U.S. Markets
Posted 19 hours ago
Company news - CNNMoney.com » Five more banks fail - 120 for the year
Posted 19 hours ago
The Big Picture » God Hates the Hadron Collider
Posted 19 hours ago
Recent Posts
- Noranda buys back more debt
- You don’t absolutely have to get into Dollar General at its IPO price
- Cracker Barrel tweaks debt deals
- Go, Genesco, go
- A jobs jolt
- Quorum prepares to hand off Arkansas hospital
- In defense of the maligned market
- Preliminary Q3 bank checkup: Better, but symptoms persist
- NHC beats estimates
- Music biz veterans launch new venture
- Double-digit days for LP, O’Charley’s
- If you wanted to nitpick HCA’s numbers…
The Latest from NashvillePost.com
- Jacobson planning health care investment fund
- Permit Patrol: 6 November 2009
- Criminal charges lodged against financial adviser
- LifePoint beats Q3 estimate
- Fresenius buys Nashville EHR business
- Newspaper publisher lures new equity funding
- Ingram Barge gets new president
- BioMimetic Q3 loss narrows
- Minority-owned law firm opens local office
- MDHA files to dismiss Tower suit
- Feds charge Hanover principals with Ponzi fraud
- Ad agency shuts doors
- Refining makes for rough quarter at Delek
- HCA volume growth best since '02
- C3 Consulting adds health care consultant
- Big clients drop Caremark
- The lucky six: TNInvestco winners chosen
- HCA more than doubles Q3 earnings
- Online retail community launches with $1.7M backing
- Law firm to reorganize
The Latest from Post Politics
- Daily Kos Can Stand Down: Coop’s A Yes On Reform
- Rep. Bill Dunn Openly Supporting Haslam
- Tragedy Comes Home
- Hasan And Islam
- Parks And Rec
- BJBG
- Rep. Tanner: ‘I Am Unable To Support This Legislation In Its Present Form’
- Tennessee Conservative Union Prez On The Gubernatorial Candidates
- Getting The Legislature Out In A Jif
- Air War In Council Recall Race
- You Want Me To Go Where?
- Whip Check
- Ft. Hood: Names Of The Dead And Wounded
- Metro Gets Six New Charter School Applications
- Nine Indicted, Six Arraigned In Voter Fraud Case In Tipton County
- Lamar Will Attend Fundraiser For Speaker Kent Williams’s PAC
- Legislator Will Refuse Per Diem Increase
- Bigness Is Bad, Mmkay
- Muslim Soldiers
- Gore: Civil Disobedience To End Climate Change Is No Vice




Now he needs to be sent to the worst prison in the system, not some “country club” prison.
Better yet, he and his family should be put in stocks in Times Square for a week, along with a big basket of rotten tomatoes.
That’s the max ?
This guy ruined countless lives.
This sentence is a joke.
The SEC should be sent to jail to finish out
his sentence when he dies. Now that would be
closer to justice.
What a sad joke this is.
Force him to tell where the money is and
give it to the ones he ripped off.
Force him in any manner needed to get results.