June 29 (Bloomberg) -- Bernard Madoff told a federal judge he had no excuses before a judge sentenced him to 150 years for masterminding the largest Ponzi scheme in history.
I can't understand anyone being stupid enough to invest everything in one pot, without an understanding of what the holdings are and where previous "paper profits" came from.
I look at most annual reports and the tower of prospectuses I've requested over the years, and within 10 minutes decide whether to chuck them or check them out.
Investing should not be treated in the same way as purchasing a lotto 6/49 quick pick.
Screw the sentence, what about all the money his wife and family kept? While I don't wish to see the woman pushing a shopping cart on the street I don't think it's fair she's still running around in a Rolls and still has multi million dollar vacation homes all over the world with yachts docked outside of them. And what about the boys? Who's money finance their investment firm when it started off? Every cent that Madoff spent or gave to someone should be tracked down and given back to the people he hurt.
Thank God I dodn't have any money in him, unfortunatly not everyone can say that.
I look at most annual reports and the tower of prospectuses I've requested over the years, and within 10 minutes decide whether to chuck them or check them out.
Investing should not be treated in the same way as purchasing a lotto 6/49 quick pick.
God bless Canadian judges and our magnificent Supreme Court.
in 12 years he would have been 83. Ya think he'll live that long?
Not in jail.