Bernie Madoff has some front!

Discussion in 'Et Cetera, Et Cetera' started by superbot, Jun 23, 2009.

  1. superbot

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    I heard on the car radio this evening that the lawyers representing Bernie Madoff have written to the judge urging him to show leniency in sentencing this pig.Apparently they consider twelve years to be a 'sufficient' punishment instead of the maximum 150yrs which he could get.Instead how about doubling it to 300yrs and then taking him outside for a damn good kicking,for shere impertinence?!...
     
  2. Gl3nn

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    Can't blame him for trying...
     
  3. nudeyorker

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    Just because they request it does not mean that the judge is going to do it!
     
  4. superbot

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    That's not the point of the thread.It's the lunacy that they should even CONSIDER such a notion when so many people have had their lives utterly ruined.I say jail the lawyers too for good measure!!....
     
  5. nudeyorker

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    I don't agree with what Mr Madoff did and I think 300 years in jail with bread and water and no sunlight would be a fitting sentence, However as someone who has worked as a defense attorney...you have to do what you have to do for your client when you are getting paid big bucks. Frankly I don't think the judge is going to be persuaded by a request.
     
  6. superbot

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    They must be the world's 'cruddiest' lawyers to even submit such a letter when you bear in mind the level of world-wide anger levelled at this individual.They should have told him just to keep his head down and his mouth shut!...I know the judge isn't going to consider this request,it will probably have the reverse effect.To think, twelve years less good behaviour....I think the world really has gone mad!
     
  7. Gl3nn

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    The lawyers are doing their job, as they should.
     
  8. superbot

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    Really,when was the last time you heard any REPUTABLE lawyers come up with a piece of shit like this?! They must have some very odd lawyers in the U.S!!....They're in urgent need of a reality check (see above)..!
     
  9. transformer_99

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    At his age, he may even die as Ken Lay did before sentencing, if they drag their heels on it much longer ? To be candid, he should be swiftly stripped of his material and especially any financial possessions and made to work menial jobs at lower wages like the 90 year old that lost everything he had.

    Savings lost to Madoff, elderly forced back to work | U.S. | Reuters

    That's what his victims will face, prison will kill an old man as it sucks the life out of even younger criminals. He has as long as he has, maybe spending those days as a dishwasher or something that traditionally pays poorly, he won't have his lavish lifestyle, nor will he be such a burden on society in a prison, especially when they send him to one that isn't as hard core as general population for rapists and murderers, even though that's what he's done to others at their ages ? It's not going to be easy for any of them, you feel for the victims, loathe & disdain for the perpetrator.
     
  10. transformer_99

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    Update:

    Madoff faces a potential 150-year sentence - Jun. 26, 2009

    Wiped out by Madoff - In their own words (1) - CNNMoney.com

    The wife is still in the $ 7 million Manhattan apartment, that needs to change, she needs to be in some ghetto, 3rd world apartment on the wrong side of town. One that is befitting this, complete with leaky faucets, waivers releasing the landlord of anything that has to do with lead paint from decades of painting over, even leaky plumbing that damages the ceilings & walls of her apartment. Why ? Because she was with him and in it every step of the way, part of that "for better or worse, until death do you part" commitment at the altar.

    At least there is some plan for helping the victims recover something.
     
  11. jason_els

    jason_els <img border="0" src="/images/badges/gold_member.gi

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    The job of a defense attorney is to mount the most credible case for the defense or, at least, reduce any possible penalties for his or her client. That's the job description and it's vital to the US legal system because our system is adversarial. The prosecution does everything in its power to convict, the defense does everything in its power to acquit. You may not like that someone has to defend Madoff, but it's necessary if he's to have a fair trial and for his defense NOT to do everything in its power to get him free, or leniency in the case of a conviction, would be a literal crime and the possible cause for a mistrial or technical acquittal.
     
  12. nudeyorker

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    Thanks for posting that Jason, I wanted to the other day, but was not in the mood to take a drive down crazy lane!
     
  13. crossy

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    Bernie will get the remainder of his life behind bars. The greedy Palm Beach country club folks and others, that invested with him should not get a dime back! RED flags went up about this guy years ago, from several sources, typically Gentile outsiders, with common sense! Any money recovered should be donated to Bernie and Ruth's next favorite charity. Greed and hypocrisy amaze me. I presume Bernie's boys who salted the money away are laughing their asses off. Ruth of course had a falling out with the rest of the family.
     
    #13 crossy, Jun 27, 2009
    Last edited: Jun 27, 2009
  14. jason_els

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    It stuns me that so many very rich people would put all their eggs in one investment basket. I don't think all his clients are as broke as they say they are and let's face it. If you go into a hedge fund not knowing the risks involved and the fact that the entire market is largely unregulated and you risk losing every cent, then you shouldn't be investing in hedge funds.

    A lot of these people have enough real estate and other things that they won't be literally broke once they liquidate some assets. I'm not excusing Madoff's behavior, but when you invest in anything, you have to be prepared for losses and plan for them no matter how remote the possibility might seem and they're absolutely not remote when you invest in a hedge fund.
     
  15. superbot

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    I'm perfectly aware of the role of a lawyer!!! The point stated centres on the ABSURD notion that a judge is going to be influenced by such a monumental and insulting request such as this which is lamentable and embarrasing to say the least.At least come up with something in realms of reality and not a 'two fingers' to the intelligence of normal folk not to mention those whose retirement savings have been pissed to the wind!!!
     
  16. jason_els

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    You claimed not to know earlier when you questioned what sort of lawyers we have in the US. If you know the role of a US defense lawyer, as you now claim, then I don't see how you can be so incredulous. It may be within the power of the judge to lessen a penalty based upon extenuating circumstances. If Madoff's lawyers can do that, no matter how absurd it may seem to you, then they're doing their job by using the law to defend their client to the best of their ability. You can rest assured that the prosecution is working equally hard to discredit the defense's case.
     
  17. superbot

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    That would be like the lawyers at Nuremburg saying "Don't you think this is all a bit teensy weensy over exaggerated?!"...!!!! 'Doing their job' is about the presenting the judge with a REALISTIC alternative and not bringing ridicule on themselves by going from one extreme to another.The idea is to get the judge on side not to make him laugh for a fortnight!!!!....
     
  18. dolf250

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    All I can say is that most of his clients got exactly what they deserved (with the exception of some of the bit of their money that was returned.) Damn near every last one knew that Madoff was doing &#8220;something&#8221; illegal- but most of them assumed that he was using his position to just &#8220;front run&#8221; trades for his clients. So, they knew that there was illegal activity, but they thought that the illegal activity was benefiting them instead of victimizing them. Now, you have to remember that in the markets for every winner there is a looser- so they thought that they were ripping off others to make their fortunes when in reality, they were just in on a ponzi scheme. The poor dears (by which I mean they should charge most of his clients and fund managers with conspiracy.) Oh, and charge his sons as well. They made out like bandits and, apparently, we are supposed to believe that they had no idea what was happening. It is hard to believe that not one of them ever said &#8220;Dad- how do you beat the market EACH and EVERY year? What is your secret?&#8221; The scheme was about to collapse and he gave his sons an out by having them &#8220;turn him in.&#8221;


    The whole damn mess stinks and I don't blame the prosecutor for asking for a smaller sentence. Looking at all of the guilt I don't know how it is that one man was charged with the whole mess. The link below shows why the property of the fund managers should be seized and auctioned as the proceeds of crime. (It also give a brief description of front running.) http://sparerlaw.blogspot.com/2009/01/what-feeder-fund-managers-suspected.html
     
    #18 dolf250, Jun 28, 2009
    Last edited: Jun 28, 2009
  19. crossy

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    DOLF 250 - this is priceless.

    "The poor dears (by which I mean they should charge most of his clients with conspiracy."

    The sons most likely threw Bernie and Mom under the bus to avoid prosecution.
    Haven't read one whit about the boys being prosecuted.
    No doubt the majority of the investors can still afford the major service job on their Mercedes.
    Yes, he will spend the rest of his life behind bars. If I was the judge, I'd release him from prison immediately and somehow get him a job with Barry in the Ponzi Department of our government!

    I would venture most of his investors were nouveau rich. I can't or won't believe that old money folks would have siddled up with this guy.
     
    #19 crossy, Jun 28, 2009
    Last edited: Jun 28, 2009
  20. superbot

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    Er what about UK charities who invested,BIRD BRAIN!!
     
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