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Utah

Bernard Madoff gets maximum 150 years in prison

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  • ok GOP
    June 29, 2009 8:58 a.m.

    where were your players and who was in charge? that's what i thought ...everyone got one, an armpit and an excuse...now what about this family value image that you guys been taking a heavy hit with some of your most conservative rhetorical speakers ...almost like the little group of watergates going on.

  • Anonymous
    June 29, 2009 9:19 a.m.

    I'm a Left Coast Liberal. I've heard Madoff was in fact, a democrat. He give large contributions to the Democratic Party. I don't want to be like a conservative liar. Liberals do have to stand for something because conservatives don't.

  • we have our own made-off
    June 29, 2009 9:29 a.m.

    right here in utah concerning the utah navajo trust fund 150 million....just read the 1984 state treasurer audit...gives a clear picture of how the artifact and grave robbery correlates with what has happened in the past..all things are related. It is about stewarship and who is reponsible. to give credence by the addage that "everybody is doing it" defies the lesson which i recall from my church counselor when he use to say in seminary..."remember there is a difference between picking your nose and tearing it all apart"

  • Anonymous
    June 29, 2009 9:57 a.m.

    They should have just rounded it off to 200 years. Not like he is going to serve the entire term anyway. I know, they should keep his corpse locked up until his 150 years is up, then release it to his grandchildren at the end of the sentence.

  • Dan king
    June 29, 2009 9:58 a.m.

    Hate to break to you liberals, but Madoff was one of yours, liberals in charge of your money, equals thief.
    How California working for you democrats?

  • happy day
    June 29, 2009 10:07 a.m.

    I'm glad to see Madoff got a stiff penalty. What he did was absolutely deplorable.... but can we please silence the "victims" trying to pin blame on anyone but themselves. They need to acknowledge the role their own greed and poor decision-making played in this drama. Not trying to understand how someone provides a "guaranteed" return, I think you're asking for it....

  • Carl
    June 29, 2009 10:07 a.m.

    Bernie, why the long face?

  • Spence
    June 29, 2009 10:30 a.m.

    It's good to know this crook is going to spend the rest of his life in jail. I hope that the family is watched VERY carefully over the next 20 years to see how much of the ill gotten gains will surface in their hands. Money is hidden and will support his family. It's a scam to believe that his family was unaware and not profiting from this crime. Madoff is worse than the worse murderer and cocaine dealer. He damaged THOUSANDS of people. How many suicides is he directly responsible for. No more free air for Madoff!

  • Scott
    June 29, 2009 10:50 a.m.

    Very hard to believe his sons did not know about this... Weren't they executives in his firm??

    Madoff could not have pulled this off by himself. No way..

    I hope the Feds nail the remainder of the crooked clan and associates.

  • Anonymous
    June 29, 2009 10:54 a.m.

    I think Ruth Madoff and their sons were aware of what was going on. How can one work for an investment company where no investments are being made and not have a clue about it. Why does she get 2.5 million. She needs to be in a small apartment with a meager budget for food, Why arent't the family members who were key employees being charged also.

  • No penalty
    June 29, 2009 11:00 a.m.

    Madoff has been illegally living off the citizenry for the last 30 years. What's the difference now? Three squares, a TV and security round the clock. Some punishment. Again, living off the citizenry. And wifey makes off with a 2.5m finder's fee. Nice. And the court is so full of itself that it thinks it will dissuade others? Right. Crooks are crooks and they will always be. Every single dime of assets should be siezed and returned. Latest 'investors' first.

  • CB
    June 29, 2009 11:04 a.m.

    Why is the state paying for this man's care and keep for the rest of his life? Just put him out on the street, take away everything he's accumulated through his ruse. Leave him the shirt on his back and give him an empty can, assign him a stoop to sit on.
    Let him live on the charity of those he's cheated.

  • splijibit
    June 29, 2009 11:04 a.m.

    What did he do exactly?

  • re: Dan King
    June 29, 2009 11:11 a.m.

    I don't understand the big deal with this whole Madoff scam. He's just a side effect of a completely unregulated free marketplace watched over by George W. Bush and the Republican controlled Congress.

    Greed will always exist, especially in a Captilist environment. And when that Greed is unregulated, this is the result.

    Nothing too surprising.

  • Who?
    June 29, 2009 11:24 a.m.

    Where is the rest of the crooks that were involved in this? If you think one guy pulled this off you're crazy! There were a bunch of them. Bernie is taking the full rap!!!

  • CB
    June 29, 2009 11:36 a.m.

    "..unregulated free marketplace watched over by George W. Bush and the Republican controlled Congress."
    Hardly, Mr. Madoff has been in business since 1960, through a few demo's administrations as well.

  • Kevin
    June 29, 2009 11:42 a.m.

    This is what happens when you let the nosy money-lenders in power! We were warned about this in the Protocols of the Elders of Zion.

  • Ron
    June 29, 2009 11:42 a.m.

    Instead of prison, they should let Madoff become a Congressman!

    He could then join with some other great crooks - taking honest people's money - living like royalty - and spending like there's no tomorrow!!!

    Also no prison time or lengthy investigations when you're through - just a FAT Congressional pension to look forward to!

    What a SWEET deal!

  • Are you ...
    June 29, 2009 11:56 a.m.

    ... kidding me Dan King, who cares if he's a Dem or a Repub? He is scum of the earth and if somehow vigilante justice could be pulled off against him and his entire family and business associates, it would be well deserved.

    Most people is general are getting pretty sick of the conservative -VS- liberal take on everything. If that's the way you think, then you are what's wrong with America. And by the way, California has been and currently is still being run by a Republican governor, that's how that's working for us.

  • Good!
    June 29, 2009 12:43 p.m.

    NO more yacht clubs, servants, limos, and ironed BVD's.
    Say goodbye to Italian marble, $100 bath towels, and milled French soap.
    You get a 10' x 12' cel, and a stainless steel toilet with no door. Life as you knew it is a distant memory.

    What the heck were you thinking? Doesn't EVERY Ponzi schemer get nailed?

    You better hope they don't give you a "roomie" in jail.
    Mike

  • To Kevin
    June 29, 2009 1:06 p.m.

    Yeah, or maybe that had nothing to do with it.
    Does EVERY situation have to be aligned with some sort of BOM scripture?
    Joe

  • Jack
    June 29, 2009 1:15 p.m.

    Too bad we do not have the harsh laws that China does for white collar crime since Madoff would have been certainly executed by now.

    I would like Madoff to get quartered as a form of execution like the Spaniards did during the colonial era

  • observing
    June 29, 2009 1:24 p.m.

    Does anyone remember the prison conditions for Al Capone? Do you think prison will be prison for someone with as much influence and money as Bernard Madoff? Think again. Madoff won't be free to come and go, but his life will still be one of luxury compared to so many others. As soon as the dust settles, his attorneys will be going for appeals and this man won't end up serving a full sentence. I don't understand why he ended up with a such a harsh sentence though. I mean, really. He's a thief. He stole a LOT of money from a LOT of people, but he didn't kill anyone. Murderers get sentences of 10 years sometimes. And like a lot of others have stated here - he didn't do this all by himself.

  • Madoff......
    June 29, 2009 1:34 p.m.

    Madoff.....150 Yrs is a long time....couldn't have happened to a nicer DEMOCRAT!!

  • Happy birthday Bernie
    June 29, 2009 1:35 p.m.

    May you live a long and miserable life with your fellow cons.

  • Madoff and Obama
    June 29, 2009 1:48 p.m.

    Madoff or Obama....same difference!

    Obama has stolen $5 Trillion in 100 days while Madoff stole only $500 Billion in 30 years....lets give Obama 1500 years right along side Bubba!!

  • CITIZEN
    June 29, 2009 1:50 p.m.

    It's nice too know that he will be spending a lot of time in a "GATED COMMUNITY".

  • It's funny
    June 29, 2009 2:40 p.m.

    that all the liberals want to use Madoff as their typical "see what happens when rich people run things, they rip people off and conservatives are evil" and the fact of the matter was this guy was a DEMOCRAT and generally gave to the party and its causes. It might be good for all to check their stereotypes at the door before sounding off (and I'm neither a Republican or Democrat but find it really funny all the name calling that goes on these posts without any knowledge to back up their opinions).

  • Bob
    June 29, 2009 2:41 p.m.

    Interesting. 150 yrs for a Ponzi scheme that went south. The similarities to social security are striking. (That is, new investors pay off old investors.) Who will be thrown to the wolves when social security goes the same way? I'm not sure that we've got a jail cell large enough to hold them all.

  • Rush O'Hannidy
    June 29, 2009 3:25 p.m.

    Re: Madoff and Obama | 1:48 p.m. June 29, 2009

    Where did you get your figures? I'm guessing Limbaugh or Hannidy might have thrown that number out a few times? Did it occur to you that neither of your "heroes" even have a college degree? Why would you listen with such conviction to a couple of blowhards with just a High School education backing them up? Oh, and our education system is in such great shape to be putting out people who shape others opinions...
    Take a little bit of truth, stretch it out to fit your current talking points, ad in some lies and spin it to fit your agenda. It is a great formula...Maybe I should go write for those clowns, bet the money is good...

  • Wag the Dog
    June 29, 2009 3:27 p.m.

    Just think... If this were the previous administration, Bernie would've gotten a bailout & a pardon.

  • Judgement Day!
    June 29, 2009 3:28 p.m.

    To this individual, this is only the earthly judgement, wait until he gets across to the other side of life!
    I dont think he will last 10 years.

  • Scam artists in congress
    June 29, 2009 3:53 p.m.

    What about the scam artists in Congress? Running a 50 year ponzi-scheme called Social Security?

  • SCUM
    June 29, 2009 3:58 p.m.

    How do we keep him alive so he can serve out the whole 150?

  • John the Beloved
    June 29, 2009 3:58 p.m.

    Looks like he "Madoff" like a bandit, right? Get it? Haha. Maybe NOW he'll understand what breaking the law will do.

  • Naruto
    June 29, 2009 4:43 p.m.

    These are the type of people(Madoff) that are the ones truly responsible for the current economic crisis, not Bush, Obama, or Pelosi. It is the greed of the corporate world that has ruined America's economy.

  • We should not lock him up
    June 29, 2009 4:47 p.m.

    We should be praising Madoff and not sending him to jail. He is a pure capitalist. People were dumb enough to buy into what he was selling and he made millions off it. He is no different than bottled water companies or Gold's Gym (they're still taking my money and I haven't been in years). If we as consumers are stupid, we deserve to lose our money. The government should not be prosecuting this guy, he should be our nation's chief economic advisor. We need someone to help us make money off the rest of the world the way Madoff off his investors. After all what are the other countries going to do when they realize they can't get their money back? Attack us?

  • Bender Rodriguez
    June 29, 2009 5:46 p.m.

    re: SCUM | 3:58 p.m. June 29, 2009

    //How do we keep him alive so he can serve out the whole 150?//

    Keep him away from Jack Kevorkian.

  • Freedom
    June 29, 2009 6:42 p.m.

    RE: Rush O'Hannidy | 3:25 p.m. June 29, 2009

    Judging from the way YOU spelled "Hannidy" your not to educated yourself!!!

  • SEC joke
    June 29, 2009 6:50 p.m.

    I refused to sell security's because the SEC harassed and intimidated our sales force.
    Several agents quit or were fired for not living up to SEC standards.
    Missing a one percentage point on a portfolio could bring thousands of dollars fines.

    While the SEC harassed small players like us, these billion dollar crooks were raping and pillaging investors.

    How many SEC employees have been fired? none..

    How many SEC employees have been fined? none..

    Madoff was an SEC administrator.
    And he made them look like the fools they are.

    Hypocrisy and poetic justice.

  • you have to be kidding!
    June 30, 2009 12:06 a.m.

    Rush O'Hannidy, do you really judge intelligence by whether or not someone has a college degree? I'll bet the vast majority of the swindlers graduated from some college or university. Maybe you and your MBA ought to search Bernie Madoff, Kenneth Lay, Jeffrey Skilling, Andrew Fastow, Philip Anschutz, Richard Scrushy, Joseph Nacchio oh yeah and Barak Obama. I'll bet every one of them has a degree in something and America will never be the same. I'll go with hard working blue collar every time. At least they will leave you with your retirement. Also you dont have to like, listen to, or have anything to do with Rush Limbaugh or Sean Hannity if dont want to. Being robbed of your future is pretty hard to ignore.

  • Larry H
    June 30, 2009 1:53 a.m.

    Dear Freedom:

    If we are going to be persnickety about spelling:

    It's "you're not too educated yourself", not "your not to educated yourself".

    You misspelled two words while scolding "Rush O'Hannidy" about misspelling only one; he is one word ahead of you so far!


  • Susy
    June 30, 2009 6:27 a.m.

    Over a hundred years ago a woman called Adele Spitzeder did the same thing here in Munich, Germany. A lot of her customers committed suicide after their financial loss.
    When I heard this story many years ago, I thought
    this couldn`t happen again.
    But obviously the greed often nebulize the mind of the customer.

  • Social Sercurity/Ponzi Scheme
    June 30, 2009 7:24 a.m.

    Isnt our social sercurity sytem one big ponzi scheme? Just a thought think about it people.

  • Itch
    June 30, 2009 11:52 a.m.

    @We should not lock him up

    Thanks for that post. I had a great laugh. :)

    I too am tired of the right vs left. There are many more people guilty of crimes in this situation. 150 years is ridiculous. I'd rather see him actually pay debt via manual labor, than letting him sit in a cell getting fat while living off tax dollars.

  • @wag the dog
    June 30, 2009 1:06 p.m.

    Why would the previous admin. get Madoff off if he was a big demo supporter. More hypocricy about which party is really connected to big corporations.
    They both are!

  • snapcracklepop
    July 14, 2009 11:45 a.m.

    He doesn't deserve to die in jail. So he stole some money. It's just worthless paper anyway. Just make him live in a one bedroom apartment in a noisy part of a dirty city. That's punishment enough.