Wednesday, June 24, 2009

Lawyers For Bernard Madoff Seek 12-Year Bid


NYTimes.com:
A dozen years in prison.

That is the sentence that lawyers for Bernard L. Madoff asked a judge to impose on their client, who has confessed to running what may be the biggest Ponzi scheme in history.

In a letter to the court, the lawyers said there seemed to be an atmosphere of “mob vengeance” surrounding Mr. Madoff. They urged the court to consider that he essentially turned himself in, rather than continuing the fraud or fleeing the country, when he described the $65 billion scheme to his sons in December.

Since then, they said, he has cooperated fully with his bail conditions and helped investigators in their efforts to recover funds for his victims.
What a crock. Bernard Madoff didn't turn himself in--he got caught. And why should Madoff be given any leniency for not "fleeing the country"--he's not supposed to flee the damn country! To think too, Ira Sorkin, former NY regional director of the SEC, supposedly helped in keeping Madoff out of prison for like 20 years! Madoff victims weren't only hurt financially, but emotionally and mentally as well--that's why some even committed suicide. Bernard Madoff belongs in prison for the rest of his life.

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