That's not the way a trader thinks. Think about it, he would be selling the low if he was taking his own life if it were just his own demise that he had to deal with. My guess is he couldn't deal with the embarrassment of losing his clients money.
I don't have any sympathy for him either, but let's not say that there is less pressure in his situation. I think that to have had everything and then lost it through stupidity is maybe worse than never having had anything. To have been in charge of the assets of those who have a lot and then lost those assets for those people is pressure. Serious pressure. That is, unless you rate fairly high on the scale of sociopathy and just don't really care about other people.
There is a guy in Denver...last name Hoover who like Madeoff absconded with (penuts compared to Madeoff) millions in exactly the same ponzi scheme. He was sentenced to 100 years..last week after four years in the pokie..skinny, older than his years, contrite and humbled begged for a reduction..he got it..down to 50 years. He probably won't live to see the sun shine outside jail again. Send Madeoff out West for Justice....
or his client killed him. most of the murders in gangland is from' ripoffs' like this multi-million dollar savings and charity foundations 'stolen' if this was lost in the market at least you still have shares but nothing is left. only 300 million dollar CASH left, no assets whatsover.
guy in miniapolis just like that too, dont think he's been sentenced yet if i were the denver judge i'd say 'ok, make it 99'
Give me a break. You don't think his apartment isn't under surveillance by about a half a dozen FBI and some of New York's finest, not too mention Madoff being escorted by law enforcement every time he steps out of his apartment for a pre-arranged and authorized trip?
In other news, Phyllis Molchatsky who had been an investor to the tune of $2 million in Madoff's investment fund is now trying to recover her "investment" losses with a lawsuit filed against the SEC, for being asleep at the wheel. Given the fact that Markopolous was in contact with the Boston and New York offices of the SEC regarding Madoff as early as 1999, this case could have some merit. That having been said, she would have to see a reversal of the long-standing precedent of the doctrine of sovereign immunity, which the SEC and other federal agencies have enjoyed. http://news.yahoo.com/s/nm/20081223/bs_nm/us_madoff_investor_sec_3