150 years for Madoff.

Discussion in 'Wall St. News' started by peilthetraveler, Jun 29, 2009.

  1. So thats 3 years for every billion he stole. Not bad.
  2. Seems like crime DOES pay.. :D
  3. Can we officially rename it from a Ponzi scheme to a Madoff scheme now?
  4. Heart Attack within 6weeks? 6 month, or 6 years. :D
  5. He deserves every second of it plus about another 1000 years to make sure the greedy SOB is off the streets and locked up for good. People like him need to burn before they get to hell!
  6. Now taxpayers get to foot his medical bills and care.
  7. Is there anyone who can explain to me what his traders were up to on the floor below him?

    Were they not generating any money for his firm?

    I wonder what percentage of the money Madoff deposited in bank accounts were given to the traders?

    Were they so bad at trading that they couldn't earn him a dime?

    What's up with this?
  8. skylr33


    150 year sentence, but probably eligible for parole after 5 years.
  9. It doesn't work that way anymore.

    There's no parole at all in the federal system, and you only become eligible for early release after serving 85% of the sentence.
  10. I heard that not 1 trade had been made in the last 12 years. LOL
    #10     Jun 29, 2009