Madoff the Swindler Goes to Jail

ASSI – No one who knowingly profited from the swindling behaviors of Bernard Madoff should be exempt from possible prosecution. It is appropriate to me that Ruth Madoff forgo the lavish $7 million dollar penthouse and the $62 million dollars that she supposedly obtained through other sources. According to various articles, Ruth was the bookkeeper and board member who had insider information to the inner workings of Madoff’s security fraud scam, and did nothing to prevent Bernie from taking advantage of friends and investors who simply wanted a better return for their dollars. Supposedly when Ruth learned that the government was thinking of freezing all of their assets, she mailed jewelry to relatives, withdrew 15 and half million dollars when Madoff was indicted, and another 10 million the day before he plead guilty. Madoff faces up to 150 years in prison and will be sentenced in June. As the old saying goes “if it sounds too good to be true, it is probably not true.” Ruth and Bernard Madoff are heartless people who vacationed, dined, socialized, and took financial advantage of their friends. Who does this without guilt? The only reason that Bernie pleaded guilty was to avoid divulging information that would perhaps incriminate his wife and children. He also wants to prevent from disclosing all of his money laundering locations, which does not make any sense to me, he is seventy years old and is not going to be released from prison or live long enough to spend anymore of that money.

Therefore, he might as well reveal where the money is so that his trusted 4,800. investors can recoup some of their losses, but that would be too much like right and there seems to be absolutely nothing right about Madoff. I was listening to the news and overheard one of Bernie’s investors say “the Security Exchange Commission is just as guilty as Madoff because they were forewarned about the scheme and did nothing about it until it was too late.” As I see it, he made off with their funds and wants to keep it that way; he is one mad fellow who lacks compassion for anyone, so why should anyone care about what happens to him, his children, and wife. All of the Madoff’s assets should be liquidated nothing should be spared not a spoon, a rug, cuff-link, pair of pants, or minks.