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Madoff starts 150-year sentence in NC prison-named worse Jew
July 15, 2009
9:35 am
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rath
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July 15, 2009
5:37 pm
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greeney2
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Since the Ponzi scheme was illegal, will they go back to the beginning and pull back all the payoffs, to recoup losses for everyone? In the beginning, people were being paid from incoming money, and many did actually get out when they were ahead. When the income is more than the outgoing money, the scheme can keep going. If the stock market didn;t tank out, the scheme would probably still be going today. along the line, some people make money and decided to back out, and reinvest in other things. Some actually made a lot of money. Everyone didn't loose a fortune. What happens to their money now?

July 15, 2009
7:07 pm
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shadowfx
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Yahoo has this prison listed as one of the cushiest prison's out there in the Fed system.
http://finance.yahoo.com/real-estate/ar ... AF5ieCfNdF
He won't be bunking w/ any violent criminals.
Wasn't his first choice but still a fairly easy ride for him.
Plus in July of 2010 they'll have internet and email access.
Makes keeping in touch easier.

July 15, 2009
7:24 pm
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greeney2
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He is in a Martha Stewart level of prison. He can't run and can't hide, he has no place to go, but serve his term, most likly until he dies. People would have shot this guy for a nickle who lost everything with him, and I probably would feel the same way. Figuring out who goes to what prison in our systems, is probably one of the most unfair systems we have. If you are nobody, you get thrown into the ax murder dungeon, if you are a white colar crime and wear a suit and tie, we seem to act more humane twards them. Why is that? If you wear bluejeans and do a crime you are scum, but if you dress nice, you get easy treatment.

Burney did the same crime over years to many many people, which makes him in effect a "serial" predator, taking people for their entire life savings. He took everything from many people, leaving them penniless, and living so high on the hog, none of us could imagine it. Many will end up homeless, or in the homes of their children, in not too long. Entire lives of working and saving taken without mercy. Burney may be far more dispicapable than the one time ax-murderer, becasue Burney never had remorse, he just kept on taking people, knowing what he was doing. Worst part is Burney could have developed an actual plan that was legitimate, made people and himself money. He was smart enough to do it all legitimatly.

July 17, 2009
12:35 am
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rath
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"greeney2" wrote: Since the Ponzi scheme was illegal, will they go back to the beginning and pull back all the payoffs, to recoup losses for everyone? In the beginning, people were being paid from incoming money, and many did actually get out when they were ahead. When the income is more than the outgoing money, the scheme can keep going. If the stock market didn;t tank out, the scheme would probably still be going today. along the line, some people make money and decided to back out, and reinvest in other things. Some actually made a lot of money. Everyone didn't loose a fortune. What happens to their money now?

prob not.

plus the long con will just get longer.

look at all the people who run the multi million dollar charity or superannuation fund or investment banks.

how many of these manager will steal the money in there care & then lie & claim the money was invested with Madoff .......... where it was lots forever.

July 17, 2009
1:21 am
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Nesaie
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[Image Can Not Be Found]

Good riddance Madoff, may your armpits be infected by the flees of 1000 camels.

One down, one million to go. 😎

The journey of 1000 steps starts with one...or sumtin' like that.

Jump you bastards...JUMP!

(NSFW)

http://a7.vox.com/6a00c225256c85f21900f ... 0005-500pi

Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen... - Zbigniew Brezhinsky

July 17, 2009
11:06 am
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rath
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"Nesaie" wrote: [Image Can Not Be Found]

Good riddance Madoff, may your armpits be infected by the flees of 1000 camels.

One down, one million to go. 😎

The journey of 1000 steps starts with one...or sumtin' like that.

Jump you bastards...JUMP!

(NSFW)

http://a7.vox.com/6a00c225256c85f21900f ... 0005-500pi

i can see the case for the jump camp ......... 😀

But hay alot of other countries are much better off after the fall of wall street .........

China.

South America.

SE Asia.

Ever since Enron went belly up, wall street has been a lost case. 😀

July 17, 2009
5:13 pm
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greeney2
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sad part is when a few Chinese CEO's were found that they had high contents of lead in childrens toys, they were disgraced and committed suicide over it.

July 24, 2009
10:35 pm
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rath
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"greeney2" wrote: sad part is when a few Chinese CEO's were found that they had high contents of lead in childrens toys, they were disgraced and committed suicide over it.

So true.

I guess they at least had honor.

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