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can the Madoff payoffs drain the SIPC?

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  • bad hammy
    replied
    Toys starting to disappear: http://money.cnn.com/2009/04/01/news/co ... /index.htm

    Leave a comment:


  • gh
    replied
    Mrs. M getting some lovin' from the Feds too

    http://www.sfgate.com/cgi-bin/article.c ... 002&sc=922

    Leave a comment:


  • cullman
    replied
    Originally posted by Pego
    I am just hoping, they'll go after the entire family and confiscate everything.
    They may be going after groups and individuals that were defrauded by Madoff...interesting twist.

    "Look out victims, the government wants its share now"

    cman

    Leave a comment:


  • Daisy
    replied
    Originally posted by Pego
    I am just hoping, they'll go after the entire family and confiscate everything.
    I agree, the wife syphoning off money makes her an accomplice in my book.

    Leave a comment:


  • tandfman
    replied
    I' expect that he'll eventually be sent to a minimum security place where many of his fellow inmates will be white-collar criminals. Meanwhile, however, he's in a small cell in a Manhattan jail. Not a country club by any means.

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  • guru
    replied
    Also, Madoff wont exactly be going to Attica. He very well may be living with a higher quality of life than a number of his victims will be able to.

    One notable white-collar federal destination -

    Leave a comment:


  • tandfman
    replied
    Originally posted by guru
    No, I suspect there has been a deal worked behind closed doors. My prediction? Eligible for parole in 10-15.
    I very much doubt that.

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  • Pego
    replied
    I am just hoping, they'll go after the entire family and confiscate everything.

    Leave a comment:


  • paulthefan
    replied
    Originally posted by gh
    Am I the only one who figures Madoff won't spend long in the slam... because he won't spend long anywhere? His giving himself up, I thought from the get-go, indicated that his doctor probably gave him some very bad news.
    News that can keep you out of jail has got to be worth alot of money to a millionaire.

    Leave a comment:


  • guru
    replied
    Originally posted by gh
    Am I the only one who figures Madoff won't spend long in the slam... because he won't spend long anywhere? His giving himself up, I thought from the get-go, indicated that his doctor probably gave him some very bad news.
    If that were the case why not fight, and appeal if(when) you lose? You would probably die before all the appeals were exhausted.

    No, I suspect there has been a deal worked behind closed doors. My prediction? Eligible for parole in 10-15.

    Leave a comment:


  • gh
    replied
    Am I the only one who figures Madoff won't spend long in the slam... because he won't spend long anywhere? His giving himself up, I thought from the get-go, indicated that his doctor probably gave him some very bad news.

    Leave a comment:


  • guru
    replied
    So you got out early and are counting your blessings? Count again.

    http://online.wsj.com/article/SB1236815 ... lenews_wsj

    http://www.latimes.com/business/la-fi-c ... 1744.story

    Leave a comment:


  • bad hammy
    replied
    Of course the guy is scum, but it is refreshing to have at least one guilty asshole fess up and say - yep, I did it - knowing full well it was going to cost you every one of the days you have left on this planet.

    Leave a comment:


  • tandfman
    replied
    Madoff's bail was revoked today and he was sent to jail. I suspect he's going to spend every day of the rest of his life in confinement.

    http://www.nytimes.com/2009/03/13/busin ... adoff.html

    Leave a comment:


  • jazzcyclist
    replied
    Originally posted by Pego
    Originally posted by BruceFlorman
    Originally posted by Pego
    In Madoff's case, I am willing to reconsider my opposition to capital punishment.
    I am serious.
    Capital punishment for a white collar crime in America?! Don't be silly. In this country, the guy that holds up a liquor store and makes off with $500 to feed his crack habit is gonna be treated far more harshly than this Madoff character.
    No doubt. I am just expressing a secret evil wish that I know is totally unrealistic.
    The Chinese use the death penalty on white coller criminals, why can't we? I think what Madoff did was every bit as morally repugnant as what Julius and Ethel Rosenberg did, and more dastardly than liquor store robbery.

    Leave a comment:

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