The bottom line is this, his family is living off money he stole from other people. Regardless of wether they were complicit in that theft, they should still have to return the money. Why should they get to keep it when there are people out there who literally lost EVERYTHING? shit, he even bankrupted some charities, did he not?

Welcome Home Bernie
 

So are the families of all the employees at the company and and and...

The recipient is held partially responsible for knowing that profits / money are not from ill-gotten enterprises. It’s not fair. It’s legal. But the family could never have been that ignorant.

If you see a crime and don't report it, then you are an accessory to that crime. Can also be and should be prosecuted.

I turned the knob and someone screamed in pain. But I was told to turn the knob. Therefore I was not responsible for killing him. Conservatives don't like this requirement for responsible actions. Being responsible (and regulations that require it) would infringe on my god given freedoms.

How does what you said differ from my post? Aside from the fact that it took you three paragraphs to answer a closed ended question?

Dude is going to jail. His story ends but it sounds like the investigation is just beginning.

I hope so. I also hope they didn't "wait long enough" for everyone to hide what they already got.

Madoff accountant charged with fraud
David Friehling arrested, accused of helping Madoff defraud thousands

Hopefully this is only the first domino to fall.

Wow. This is a guy who could have blown the whistle at any time, who knew exactly how many millions Madoff had--and Madoff was paying him less than $175,000 a year? I wonder if he had some other kind of blackmail on the guy...

that or he paid him millions in offshore accounts or something. :shrug:

We don't know he did not. Many did blow the whistle on Madoff. Since the political agenda demanded deregulation and no government oversight, those numerous blown whistles were ignored.

A poltical agenda could not have been more apparent. Both Democrats and Republicans offered to double the SEC budget. Harvey Pitts (representing the George Jr adminstration's political agenda) refused to accept that money. That was the 2002(?) Enron hearings. It only got worse because the political agenda was to deregulate everything. Later, laws were passed to make regulations of derivatives illegal.

For all we know, Madoff's accountant did blow the whistle. What we do know is the George Jr administration ignored numerous Madoff whistleblowers. Even refused to prosecute Skilling and Lay for Enron until embarrassed by the state of Oklahoma. We do not yet know if this accountant tried to blow a whistle. We do know that if he did, he would have been ignored.

That is true the previous administration did nothing. Perhaps that is because all the warning went to Senate Banking Committee chairman Chris Dodd or Barney Frank the Chairman of the Financial Services Committee.

Also why is it ok to blame the George Jr. Administration here whereas it is not ok to mention transparency and accountability with anyone other than Obama himself? Seems rather hypocritical albeit typical for some posters. :eyebrow:

Again you are reading wacko extremist mantra. Numerous whistle blowers went to the SEC. Some SEC investigators actually did look into Madoff. But when the lowest paid regulators in Washington are also manipulated by the political agenda, then the SEC never bothered to do any serious investigation.

So the wacko extremists instead lie right here in the The Cellar. Extremists again blame Dodd and Franks. Not blame the SEC that was defanged by an extremist political agenda. Amazing. This time Obama was not blamed.

Yes, yes, we know. The Bush administration danced with the angels.

:lol:

I wonder if Madoff knew the scheme was going to blow up in his face soon and told his children to turn him in to save them from jailtime?