Good news today in the midst of the financial meltdown! Bernie Madoff (he scammed people out of billions of dollars in a thirty year period) was finally in court today and pled guilty to financial fraud, and was immediately taken off house arrest in his posh $70 million Park Avenue penthouse and placed in jail until mid June where he will be officially sentenced to 150 years in prison. He's seventy now, so you do the math.
So that's a good thing. The bad thing: His wife and sons (who worked with him) might not be prosecuted, and you know they had to know about it. So they would keep their money. His wife has $70 million in her checking account. Nice, huh? And the people they scammed, some of them are penniless. Let's hope the Feds find enough evidence to convict them as well. That would be sweet justice for all. It would send a great message that would hold people accountable for so called white collar crimes.
Do the crime.......you do the time.....and you don't get to keep any of the spoils! That should be a law!
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