Tuesday, January 6, 2009

Purely Pathological - More On Madoff

OK so much for that New Year's resolution.
I can't help but have righteous indignation when I read the news about Bernard Madoff.
Yeah, I know, I wasn't an accredited investor who had money with this creep. But I'm still pissed off that he knowingly screwed over so many people and philanthropic organizations. And he got away with it for so long.
And I'm pissed off that at least one honorable man commit suicide over his clients' losses from the ponzi scheme while Madoff continues to live in his Manhattan flat and break the law by defying court orders.

From Bloomberg
Madoff Sons Told Prosecutors of Jewelry, Lawyer Says

Madoff mailed five packages of items, including “some very valuable jewelry,” after his assets were frozen by a judge in a related civil lawsuit, said Assistant U.S. Attorney Marc Litt in court today. Defense lawyer Ira Sorkin said the objects, which included pens and $25 cuff links, were heirlooms innocently sent to Madoff’s children and brother, Peter.

I don't care if the jewelry was worth $50 or $50,000, there was a freeze on all of his assets and this guy needs to be in jail


Digg this


La Belette Rouge said...

I truly don't know how he sleeps at night. It is all too shocking and horrible.

Belle de Ville said...

I wonder how many more investment ponzi schemes like Madoff's are out there that haven't been discovered yet?

Add to Technorati Favorites