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-   -   Any comments about Mr Madoff? (http://cellar.org/showthread.php?t=18995)

sugarpop 07-02-2009 09:36 PM

Good grief. It was a joke. I don't believe in the death penalty.

joelnwil 07-05-2009 09:17 AM

1 Attachment(s)
Well, here is what should happen:

classicman 03-12-2010 09:11 PM

Bump...

Where Are They Now?

Elspode 03-13-2010 05:58 PM

Madoff is the worst kind of scum. Having his flesh flayed from his bones with a rubber hose is too kind for him.

richlevy 03-14-2010 03:50 PM

Well, the irony here is that if Mr. Madoff had screwed over middle and working class victims, when he got out he would still be welcome at the country/yacht club. Since he screwed over his peers, he's never going to get out and would be a pariah if he did.

For an amoral person the lessons are 'pick your targets' and 'never crap where you eat'.

By comparison, the architect of Foundation for New Era, a $500 million dollar pyramid scheme in the Philadelphia area that targeted charities was only given a 12 year sentence and server about 10.

Granted, part of this may be that charities that had made 'profits' pooled their assets which recouped most of the money.

tw 03-14-2010 07:20 PM

Quote:

Originally Posted by Elspode (Post 640685)
Madoff is the worst kind of scum. Having his flesh flayed from his bones with a rubber hose is too kind for him.

Madoff is only another example of what happens when the purpose of a company is profits. No different than the Mafia whose purpose is exactly same.

Why is Madoff any different than the top executives of GM or the entire corporate structure in Lehman Bros or Enron or AIG? These companies also did what so many Americans advocate only because they were told to believe it.

ZenGum 03-15-2010 12:50 AM

Madoff told explicit lies - claimed to have made trades that he hadn't, claimed to own shares etc that he didn't, etc.
The motives of Lehman etc were much the same, but a few small but significant points of method seem to matter - at least to some.

tw 03-15-2010 08:37 AM

Quote:

Originally Posted by ZenGum (Post 640981)
The motives of Lehman etc were much the same, but a few small but significant points of method seem to matter - at least to some.

What is the difference between Enron accounting by Madoff and Enron accounting by Lehman Bros. Lehman began overt lying on the spread sheets in 2001. And their accountants (Ernest and Young?) were aware of it.

Madoff was done by a few people. Lehman Bros was done by hundreds in a major corporation. Other than that, what is the difference? Both were intentionally lying and stealing massive sums with an attitude of entitlement. Enron accounting is still ongoing – all but legal. Complete with massive rewards to those most complicit.

classicman 02-07-2011 07:28 PM

An interactive map of the Madoff investors ...
Man - look at Long Island.

http://madoffmap.com/


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