Bernard Madoff
What a relief. The poster boy of the Global Financial Crisis Bernard Madoff, 71, will never see the outside of a jail after the United States District Court handed him a 150 year sentence for orchestrating his “evil” $US65 billion ponzi scheme .
When you’re as old as Bernie any sentence more than 25 years may as well be 1000 years, but the judge in this case Denni Chin obviously decided enough was enough.
And if Madoff had have been caught three years ago - before the mirage built by the burghers of Wall Street evaporated and revealed to us the GFC, he might have ended up one of those corporate crims who do their time and are out again to enjoy their yachts before they die.
Continue reading "Sucked-in Bernie Madoff: your timing was terrible" »
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