Manhattan, NY – New York City prosecutors have submitted statements from 113 victims to a judge ahead of failed financier Bernard Madoff’s sentencing later this month.
Subscribe to our Daily Roundup Email
The statements submitted on Monday by federal prosecutors include eight from victims who wish to speak at the June 29 sentencing.
The 71-year-old Madoff has been jailed since he pleaded guilty in March, admitting that a giant fraud cost thousands of investors billions of dollars.
A letter from a man who identified himself as Paul Allen said he was left at age 89 “devoid of future hope” because of the fraud.
Boo freaking hoo. Most of these clowns have been collecting exorbitant returns on their investments for years. Most of them have recouped their initial capital through the dividends over the years, and then some. Now these greedy bastards make a public show, parading their sob stories all over the media and the great circus, otherwise known as the United States Judicial System, trying to conjure up some sympathy in case some money turns up that they can further profit from. Incidentally, this is besides the monies they already received from you and me, the taxpayer, through misappropriated funds, wrongfully and illegally allotted by the aforementioned circus.
It makes me sick.
In response to all the commentaries who will respond to my post without having read it fully, I offer this response ahead of time.
I very clearly wrote “most”. This translates roughly as, not all. Of course a minority of the “Madoff” victims, invested their lives work with him in good faith and lost it all, and to them I offer my deepest condolences. I, however, speak of those who have been with Madoff for years, cashing his checks every month, (knowing that something wasn’t kosher, even if they didn’t know what) laughing their way to the bank, so proud that they got in with the genius Madoff who was making them money on someone else’s back. But now, when it turns out that all that money was being made, was on their own greedy backs, they come out of the woodworks crying for compassion. To THOSE people I repeat, boo freaking hoo.
And by the way, I’m sick of hearing about all the charities that lost money. Let’s be honest, most of these charity funds (I repeat, most, not all) are merely a legal loophole for a wealthy individual or corporation to shave a chunk off their taxes. If you can’t understand or believe that, speak to your accountant.
Let me repeat again, I speak of the majority of the “victims” (be they individuals or funds, charity or other) NOT ALL.
Ok. I’m done. Let’s hear from someone else.
#1 some onrewho uses the term ‘bast……’ doesnt belong on this site. may you feel the pain of what these people feel , im sure youre far from holy in the eyes of midas hadin
Not that it justifies what Madoff did, I just think it’s irresponsible of a charity to invest funds in such a high risk unregulated investment device, like a hedge fund. It seems like its own violation of the public trust.
Tzedoko monies for investments. An amazing concept. And you have to shnor from the poor, because all the money is invested.
I tend to agree with #1 . These investors were so greedy. They should have been happy to put their money in Tbills or even the bank. At least it would have been safe. But no, they elected to put their money in a hedge fund. I wouldn’t be surprised if these greedy investors obtained their fortunes illegally and it serves them right that their ill gotten gains were taken from them.
There is no crime to make money, and it is wrong to assume that even the super wealthy are a bunch of crooks. Chazal teach us that Hashem benches people with money – it is a brocah min hashamayim. However, what they do with the money – the chassenehs for the poor that they sponsor, the yeshivas, the schools, etc. etc. Why take away their zchusim? By way of example – Eli Wiesel – he and his charity – were wiped out.
Ai, the writer in #1 wants to weasel out of the corner he painted himself into by saying “most” etc. There is a concept of being melamed zchus. I am not a monied person but I understand that making money and being wealthy, even super wealthy, is not a crime and certainly not an averah.
I still think he’s a good guy that got involved in something he should’ve stayed away from. Good night America
fire the financial officers of those charities….blind, dumb and blind…with zidooka money.
Most of what #1 said stems from a jealousy and a horrific hate that is antithetical to Torah Judaism.. Now remember, I said most of what he said. Most of the time he has no empathy.. Empathy is a Torah Midah. Now remember I said most of the time.. Most of the time he demonstrates Midas Sdom. Now remember, I said most not all. Most of the time he needs to do some serious Tshuvah.
“Where the is a “Sod” (topic shrouded in secrecy) there is a “Geneivah”.
Those “investors” knew very well that there is a “Sod” in this Madoff story.
They just decided to go for the ride.
Guess what : They were taken for a ride.