Although stealing more than 65 billion dollars from investors, Madoff's defence asked for only 12 years in prison. Funny. Do you really think, defence person, that the man responsible for one of the largest investment fraud crimes in history was going to get away with it?!? I mean, 12 years is next to nothing for stealing that large a sum of money. I think that the judge and jury were totally, 100% correct in their sentencing of Madoff.
No wonder the courtroom audience applauded!
The 74 year old's charges included securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, and theft from an employee benefit plan, just to name a few.
Another thing I found funny about this event was that the judge had been so specific with his sentencing of the total eleven charges against Madoff to the maximum time period. I love that it was 150 years and not life.
It's almost as though the judge is saying, if, by some chance you make it to one hundred years of age as you rot in prison, you'll still have all those extra years to think about all that money that you stole. Ha ha.
Just gotta love those vindictive judges, hey?
Image available: http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877337,00.html
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