Comments:Madoff jailed after pleading guilty to $50 billion fraud scheme
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Seems utterly appropriate to me. But it's a shame that enough information has not surfaced to allow authorities to trace some of the money. —The preceding unsigned comment was added by Stunetii (talk • contribs)
may he rot in jail —Preceding unsigned comment added by 150.226.95.18 (talk) 16:03, 13 March 2009 (UTC)
Madoff in prison
[edit]Thank god his bail was sensibly revoked. His fellow prisoners are not going to look favorably on him. Not only did he bilk wealthy individuals, but colleges, universities, and numerous worthy non-profit organizations. This will get him the status that he truly deserves: the lowest of the low. —Preceding unsigned comment added by 70.19.157.99 (talk) 16:54, 13 March 2009 (UTC)
- He's rich (or at least various members of his family still are). He committed a 'white-collar' crime - not something utterly, utterly evil like sharing a joint with a couple of friends. Face it, he'll not end up in a real prison, he'll never meet any murderers or the like, and despite all the drama about hundred+ year sentences, he will probably be out before he dies. Yes Bernie, go directly to the Federal Holiday Camp Facility! Certainly! We will provide you with paper to write your memoirs and further profit from your crimes. --Brian McNeil / talk 17:18, 13 March 2009 (UTC)
He should be made to dump all his money into funding some of these bailouts, instead of the class of people he's robbed continuing to pay for the supposed mistakes of him and his ilk.
Instead, taxpayers are going to donate money to his, probably comfortable, life in prison, and as has already been pointed out, people who were close to him will continue to profit from his crimes.
He's done the establishment proud. Heck, if Bush were still in office, he would probably get a pardon in a few years... quietly... and after public memory has faded enough... which doesn't take long... and who knows... Obama or whoever follows him may still do him that favor as well. They're all one big happy family. —Preceding unsigned comment added by 12.31.21.15 (talk) 19:37, 13 March 2009 (UTC)
- Go directly to jail, at least until dying.If outside, he will be seriously at risk from both victims, confederates and extortioners.
- What is the public interest in bailing someone for whom a custodial sentence seems inevitable (for deterrence of white-collar theft, and to prevent recurrence/continuation, if not for protective custody?) I suppose only to buy Madoff's evidence, which can achieve little more than
- obtain slightly better loss recovery, (conceivably by returning concealed proceeds from relations etc, but mainly by respreading the losses amongst fraudulent or contributorily negligent officers, brokers, auditors, regulators etc., and their insurers);
- a few more prosecutions and actions against those witting and unwitting accomplices; and
- some much-needed regulator and investor training.
- I doubt that is enough evidence to justify release.
- There is a common expression in England that a crook "made off" with his loot: ha ha ha - simply by scale of success he may be regarded as a megastar amongst the cons, who rarely care about the worthiness of victims! At least, until sentenced he will be amongst the wost murderers etcJezzabr (talk) 18:03, 14 March 2009 (UTC)
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If found guilty, he must be executed.
For too long, white collar criminals have counted on the leniency of the American judicial system to give them a slap on the wrist and a few years at a cushy minimum security prison. The scope of this man's crime needs a punishment to match - this is the philosophical foundation of crime and punishment.
Punishment is required to be severe enough to discourage the criminal act in the first place. Failing prevention by deterrence, the punishment aims to extract justice relative to the severity of the crime. Clearly current financial regulations and the punishment for breaking them aren't sufficient to prevent this kind of crime. If the American justice system gives Madoff the white collar criminal treatment, we then tacitly approve of this kind of behavior.
This is perhaps the most damaging type of crime America suffers from for it not only shakes the pillars of our economic foundation, shakes consumer confidence, and discourages FDI, but further exposes naked the fundamental weakness of the American justice and economic regulatory systems.
It's time to send a message to those who feel that great wealth bestows a unique privilege to defraud so many individuals from millions of hard earned dollars and America of her dignity.
Execute him and liquidate all of his assets.