Monday, June 29, 2009

Bernie Madoff's Ponzi Scheme Gets Him 150 years

Bernie Madoff, the matermind behind a $50 billion + ponzi scheme received 150 years in jail, or basically a life sentence. What he did was so deplorable, costing thousands of people all of their money. The kicker ishe pleaded guilty to avoid having to tell the Feds where he stashed all the money. This guy is just incredible. At least the government took all of his assets, but they did leave his wife, Ruth Madoff, a "paltry" $2.5 million. They should take that too and make her get a job. Maybe President Obama can give the Madoff's a job in government, they both have a history of ripping off innocent people.

1 comment:

  1. How stupid of an investor is someone who believes that they;ll get 200, 300, or as high as 925% return on their investment? Madoff was undoubtedly greedy, but from the looks of things, his investors were both greedy and stupid! Diversify you idiots!

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