Bernie Madoff Gets 150 Years, Prison Currency Spirals
Bernie Madoff received the maximum sentence of 150 years for his $65bn (£40bn) fraud. Madoff’s lawyer had sought a more lenient sentence of 12 years. Nice try.
The sentence was greeted with cheers and applause in the packed courtroom and US District Judge Denny Chin said he wanted to send a message that Madoff’s crimes were "extraordinarily evil". He added "the breach of trust was massive" and pointed out that no friends, family or other supporters had submitted any letters on …
Bernie Madoff received the maximum sentence of 150 years for his $65bn (£40bn) fraud. Madoff’s lawyer had sought a more lenient sentence of 12 years. Nice try.
The sentence was greeted with cheers and applause in the packed courtroom and US District Judge Denny Chin said he wanted to send a message that Madoff’s crimes were "extraordinarily evil". He added "the breach of trust was massive" and pointed out that no friends, family or other supporters had submitted any letters on Mr Madoff’s behalf.
Although Madoff has 10 days to appeal, the sentence is already having some latent effects according to the Onion which reports "Prison Economy Spirals as the price of cigarettes exceeds two…"
June 30, 2009
Funny how shifting little bits of green paper around to the wrong person can ruin your life. Still the cultural import of a commodity is so well and truly divorced from its use value these days….”After the revolution the public lavatories will be made of gold” Lenin. Due for a comeback ?