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JAPAN NEWS AND DISCUSSION

Madoff ordered to forfeit over $170 billion

World Jun. 27, 2009 - 03:18PM JST ( 10 )

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10 Comments

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wanderlustJun. 27, 2009 - 06:40PM JST

He said his client deserved credit for his voluntary surrender, full acceptance of responsibility and meaningful cooperation efforts.

Don't think a sincere, profound, meaningful apology, partial payback and promise to never do it again will get him a 3-year suspended sentence like it would here...
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MadvertsJun. 27, 2009 - 06:55PM JST

Utterly skinting him and using his fortune to return the so-called investments should be punishment enough. Surely 170 billion pays back those who were ripped-off with interest?

150 years seems a bit stiff.
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rajakumarJun. 27, 2009 - 07:37PM JST

Who cares about Madoff wacko ponzi world. Only 2 posts here,just lock him up so he can do, no more harm.
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rajakumarJun. 27, 2009 - 07:37PM JST

Who cares about Madoff wacko ponzi world. Only 2 posts here,just lock him up so he can do, no more harm.
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BrunobearJun. 27, 2009 - 07:57PM JST

If you read the 600 page official court list of Madoff clients, they almost to as person had Jewish sounding names. Eye for an eye with them!

If they had have have been Christian, they may have been prepared to "turn the other cheek' as it were, and let him off and give him a chance to do it to them again with a suspended sentence.

Interestingly Madoff's chosen list of clients thought they were getting a remarkable fixed 20% per annum exponential growth, year after year, though the rest of the market was going up and down like a roller coaster. Seems they deserved the outcome from being so stupid and greedy.

Madoff should get an award for proving how gullible people are when it comes to money. But then didn't some NY politically correct fancy pants liberal group have the word "gullible" removed from the Oxford dictionary claiming it may have racist, sexist, insulting or particular culture overtones. Perhaps they will have to reinstate it.

Then what about the chiefs and boards of the big NY based banks, investment banks and rating agencies for their giant "securitized" ponzi scheme. 1000 years gaol for them I expect. Then we can have a look at the lunatic US Federal Reserve Board also based in NY. I would give the a couple of thousand years each for their daddy of them all Government bond Ponzi scheme with US$12 trillion (90% of US GDP) in "risk free" public debt. Then we may as well go all they way and go for the Japanese Central Bank with their US$8 trillion of public debt - a Ponzi scheme twice Japans GDP and twice as serious as that in the US. And President Obama talks of closing down Guantanoma Bay - he is going to need a couple more at least. I have to go, their is a surviving "financial planner" on TV giving advice. I think he is only alive because of a life support system. His face seems to be covered in bandages and blood!
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stirfryJun. 27, 2009 - 08:09PM JST

my wish is for the whole lot of them to end up penniless and living under a bridge for the rest of their miserable lives
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TriumvereJun. 28, 2009 - 12:46AM JST

Like Madoff actually has 170 billion to forfeit... Sorry guys, you cash (or, the vast majority of it) is gone.
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BrunobearJun. 28, 2009 - 10:01AM JST

Triumvere: Derrrr!
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rajakumarJun. 30, 2009 - 12:35AM JST

We didn't start the fire, Madoff as Nasdaq boss,sure started one.

Wonder,what happen to living right.
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teleprompterJun. 30, 2009 - 06:55PM JST

Scumbag Madoff threw a lot of cash (at least 300 thou) to Democrat politicians. He will be missed.