Should Madoff Go To Jail?
It is very had to believe the Bernard Madoff is still on the streets today. Madoff a.k.a. “Madeoff” is still free today living in opulent luxury in his $10 million Manhattan apartment. Madoff continues to live a great life despite the financial turmoil and destruction that he has caused other people. This is living with servants; take out food, television, internet and lifestyle that many of us would only dream about. He also has a blog where he has been giving his opinion on a daily basis. I like many others are appalled that this individual is not in jail. His blog entries show the total lack of regard that he has for his victims.
First of all, “Madeoff” does not really think that he did anything wrong. Prosecutors are seeking to have him put in jail because he sent gifts with values of over $1 million to his kids and other friends. He calls them “trinkets”. Watches that value $50,000 are not considered “trinkets”. Last time a checked a nice Rolex watch can be purchased for under $8000. $50,000 watches are not worn by your everyday professionals who want to splurge on a watch. He supposedly also gave his housekeeper jewelry as well that he called a Christmas gift. I wonder if he was really giving to his housekeeper or just using her as a way to move his assets. Then he brags about no one in his family having to “hawk” Rolex watches for money. These are things that someone (his family members) could easily sell without a money trace.
Bernie also brags about his jet. $40 million private luxury jet with custom made leather seats. How can someone who has just admitted to fraud brag about his belongings, especially a private jet. It costs about $2000 an hour just to maintain a plane. This is when people whom he has defrauded can’t even get access to $2000 to make a mortgage payment.
He then brags about having $100 million in assets (so he says), some illiquid (so what), in an armor trust fund. This would make it very difficult for victims to go after these assets as the trust fund would shield creditors. Bernie thinks that he is going to be living happily ever after. He does not even think that he is going to trial. This guy should be sent to Guantanamo Bay! He is a terrorist disguised in swanky suits; living among innocent people. The destruction that “Madeoff” has caused will affect lives for years to come. He has been the antagonizing factor in just more than one suicide. He has not only destroyed the financial lives of people he also pushed parents of children over the brink! This man does not even realize the extent that he has destroyed people’s lives. I do not know how I could live with myself in his situation.
Lastly, I think they should lock up “Madeoff” and throw away the key. This guy does not deserve to be sitting in the lap of luxury while his victims suffer. Bernie on the hand does not think that he has done anything wrong. He even has own plan as too how people can paid back. He wants to continue investing money in some other scheme and even have the Internal Revenue Service issue tax refunds for the phantom income that they received. The investors are guilty in that they trusted this individual, many of them with their entire life savings. Madoff should have taught a lot of people (including me) a big lesson. Never put your eggs in one basket!! Lastly, in case anyone has not already come up the same conclusion, yes “Madeoff” should be put in jail.
It is very had to believe the Bernard Madoff is still on the streets today. Madoff a.k.a. “Madeoff” is still free today living in opulent luxury in his $10 million Manhattan apartment. Madoff continues to live a great life despite the financial turmoil and destruction that he has caused other people. This is living with servants; take out food, television, internet and lifestyle that many of us would only dream about. He also has a blog where he has been giving his opinion on a daily basis. I like many others are appalled that this individual is not in jail. His blog entries show the total lack of regard that he has for his victims.
First of all, “Madeoff” does not really think that he did anything wrong. Prosecutors are seeking to have him put in jail because he sent gifts with values of over $1 million to his kids and other friends. He calls them “trinkets”. Watches that value $50,000 are not considered “trinkets”. Last time a checked a nice Rolex watch can be purchased for under $8000. $50,000 watches are not worn by your everyday professionals who want to splurge on a watch. He supposedly also gave his housekeeper jewelry as well that he called a Christmas gift. I wonder if he was really giving to his housekeeper or just using her as a way to move his assets. Then he brags about no one in his family having to “hawk” Rolex watches for money. These are things that someone (his family members) could easily sell without a money trace.
Bernie also brags about his jet. $40 million private luxury jet with custom made leather seats. How can someone who has just admitted to fraud brag about his belongings, especially a private jet. It costs about $2000 an hour just to maintain a plane. This is when people whom he has defrauded can’t even get access to $2000 to make a mortgage payment.
He then brags about having $100 million in assets (so he says), some illiquid (so what), in an armor trust fund. This would make it very difficult for victims to go after these assets as the trust fund would shield creditors. Bernie thinks that he is going to be living happily ever after. He does not even think that he is going to trial. This guy should be sent to Guantanamo Bay! He is a terrorist disguised in swanky suits; living among innocent people. The destruction that “Madeoff” has caused will affect lives for years to come. He has been the antagonizing factor in just more than one suicide. He has not only destroyed the financial lives of people he also pushed parents of children over the brink! This man does not even realize the extent that he has destroyed people’s lives. I do not know how I could live with myself in his situation.
Lastly, I think they should lock up “Madeoff” and throw away the key. This guy does not deserve to be sitting in the lap of luxury while his victims suffer. Bernie on the hand does not think that he has done anything wrong. He even has own plan as too how people can paid back. He wants to continue investing money in some other scheme and even have the Internal Revenue Service issue tax refunds for the phantom income that they received. The investors are guilty in that they trusted this individual, many of them with their entire life savings. Madoff should have taught a lot of people (including me) a big lesson. Never put your eggs in one basket!! Lastly, in case anyone has not already come up the same conclusion, yes “Madeoff” should be put in jail.
Labels: Bernad Madeoff, Bernard L. Madeoff, Bernard L. Madoff, dirtbag, jail bird
Credit Card / Financial news blog post by Todd Holliday at 8:09 PM 