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evnme
My little lamb
Member since 8/05 12633 total posts
Name:
aka momma2b
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house arrest for Madoff in $7M park ave apt, instead of jail
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Posted 12/17/08 12:16 PM  |
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Kate
*****
Member since 5/05 7557 total posts
Name:
Kate
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
This guy's going to rot for the rest of his life.
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| Posted 12/17/08 12:19 PM |
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
He is responsible for my grandmother losing all of her money at age 85, my dad losing his IRA, and me losing any inheretence money I would have gotten that I was hoping would pay for Cailen's college.
I hate that man.
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| Posted 12/17/08 12:25 PM |
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mrsej
The cutest!
Member since 1/07 2495 total posts
Name:
Mommy
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by lipglossjunky73
He is responsible for my grandmother losing all of her money at age 85, my dad losing his IRA, and me losing any inheretence money I would have gotten that I was hoping would pay for Cailen's college.
I hate that man.
Everytime I read an article about this complete loser, I think of you and your family and I get so sad. I feel like you and your family should go to that beautiful penthouse of his and just walk in and say "this bedroom is ours b/c you probably paid for it with our money"!
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| Posted 12/17/08 12:34 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Oh yeah...that's fair punishment
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| Posted 12/17/08 12:36 PM |
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by mrsej
Posted by lipglossjunky73
He is responsible for my grandmother losing all of her money at age 85, my dad losing his IRA, and me losing any inheretence money I would have gotten that I was hoping would pay for Cailen's college.
I hate that man.
Everytime I read an article about this complete loser, I think of you and your family and I get so sad. I feel like you and your family should go to that beautiful penthouse of his and just walk in and say "this bedroom is ours b/c you probably paid for it with our money"!
Mother f ucker. He should look at pictures of my baby and know what he did for his future. I don't mind living ina small rented duplex for the rest of my life. But I wanted to know my Cailen would have something in his future.
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| Posted 12/17/08 12:40 PM |
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MrsRJP
Happy Spring!!!
Member since 12/07 2151 total posts
Name:
Rena Marie
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by Mssissy
Oh yeah...that's fair punishment
Yea I wish i can sit in a penthouse on house arrest.  I feel bad for everyone who lost so much becuase of this fool but the sentence should have been harsher to teach a lesson to others who are or were thinking of doing the same.
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| Posted 12/17/08 12:54 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by MrsRJP
Posted by Mssissy
Oh yeah...that's fair punishment
Yea I wish i can sit in a penthouse on house arrest. I feel bad for everyone who lost so much becuase of this fool but the sentence should have been harsher to teach a lesson to others who are or were thinking of doing the same.
Why is even allowed to keep this penthouse. Shouldn't it be seized?
It's most likely paid for with money he stole from the poor people he frauded (i'm sure that's not a word...but i'm sure you know what I mean)
I feel for everyone who was a victim of this POS!
Seems nobody feels sorry for this guy:
Madoff was unable to meet the bond conditions set last week by a federal magistrate which required him to get four people to sign his personal recognizance bond. According to the U.S. Attorney's office, only Madoff's wife and brothers were willing to sign the document.
Message edited 12/17/2008 1:08:03 PM.
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| Posted 12/17/08 12:59 PM |
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Jenn627
Laaaaaaaambert!
Member since 5/08 9818 total posts
Name:
Jenn
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
He should def rot in prison... I wonder if he'll be under suicide watch. From the tone of the article it sounds as if he's given up, on what I have no idea.
It's an incredible story. Incredible to have that type of scheme going to the tune of $50 billion dollars. I'm amazed by it.
I'm so sorry for your family Liza.
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| Posted 12/17/08 1:06 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by Mssissy
Posted by MrsRJP
Posted by Mssissy
Oh yeah...that's fair punishment
Yea I wish i can sit in a penthouse on house arrest. I feel bad for everyone who lost so much becuase of this fool but the sentence should have been harsher to teach a lesson to others who are or were thinking of doing the same.
Why is even allowed to keep this penthouse. Shouldn't it be seized?
It's most likely paid for with money he stole from the poor people he frauded (i'm sure that's not a word...but i'm sure you know what I mean)
I feel for everyone who was a victim of this POS!
Seems nobody feels sorry for this guy:
Madoff was unable to meet the bond conditions set last week by a federal magistrate which required him to get four people to sign his personal recognizance bond. According to the U.S. Attorney's office, only Madoff's wife and brothers were willing to sign the document.
I think they will eventually seize all his assets but he has only been charged with crimes, not yet convicted. They can't even figure out who owned what at this point. I hope investors get some of their money back. He had people's entire life long savings!
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| Posted 12/17/08 1:11 PM |
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snowbunny
LIF Infant
Member since 11/08 146 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
I'll be surprised if he doesn't make an attempt to take off for Isreal.
I hope the fed have someone watching him 24/7.
I'm amazed at the number of people who gave him EVERYTHING to invest versus diversifying.
And I know a few financial publications like Fortune and Barron's called him out for his Ponzi sceme over the years, why didn't anyone listen?
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| Posted 12/17/08 2:08 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by Mssissy
Oh yeah...that's fair punishment
It's not his sentence.
It's a compromise between being free on bond and having to sit in jail. I believe he had the $$ to post bond but not enough signatures for some other required document. Instead of staying in jail while awaiting trial, he will be on house arrest. Had one more person signed, he'd be walking around with no monitoring whatsoever while awaiting trial.
ETA - mssissy, I just saw your other post - sorry.
Also I'm not condoning the man's actions by ANY stretch.
Message edited 12/17/2008 6:00:20 PM.
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| Posted 12/17/08 2:23 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
This man should hand over all of his money and assets to the people that he is responsible for defrauding...he should be left pennyless and on the street.
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| Posted 12/17/08 2:29 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by snowbunny
I'll be surprised if he doesn't make an attempt to take off for Isreal.
I hope the fed have someone watching him 24/7.
I'm amazed at the number of people who gave him EVERYTHING to invest versus diversifying.
And I know a few financial publications like Fortune and Barron's called him out for his Ponzi sceme over the years, why didn't anyone listen?
I'm sure they seized his passport.
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| Posted 12/17/08 2:35 PM |
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isabelle2137
LIF Adult
Member since 12/06 1076 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by snowbunny
I'll be surprised if he doesn't make an attempt to take off for Isreal.
I hope the fed have someone watching him 24/7.
I'm amazed at the number of people who gave him EVERYTHING to invest versus diversifying.
And I know a few financial publications like Fortune and Barron's called him out for his Ponzi sceme over the years, why didn't anyone listen?
That's my question too.
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| Posted 12/17/08 2:41 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by isabelle2137
Posted by snowbunny
I'll be surprised if he doesn't make an attempt to take off for Isreal.
I hope the fed have someone watching him 24/7.
I'm amazed at the number of people who gave him EVERYTHING to invest versus diversifying.
And I know a few financial publications like Fortune and Barron's called him out for his Ponzi sceme over the years, why didn't anyone listen?
That's my question too.
I am assuming that investors liked what they saw and never really questioned it. Regulators did the same thing.
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| Posted 12/17/08 3:07 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
I wonder if he put all of his assets in his wifes name so he can claim poverty. My DHs cousins are retired and were well off but lost everything because of this man. I feel so badly for them. But I still wonder why they did not diversify.
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| Posted 12/17/08 3:11 PM |
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KartveliT
...
Member since 1/08 8363 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
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| Posted 12/17/08 5:24 PM |
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seaside
LIF Adult
Member since 6/08 3101 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
What motive would the regulators have for ignoring red flags? 
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| Posted 12/17/08 5:33 PM |
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kimkim0000
LIF Infant
Member since 3/08 216 total posts
Name:
kimmie
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
If any of the money is in his wife's name, I don't think they can touch it.
She probably opened a swiss acct.
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| Posted 12/18/08 12:51 AM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: house arrest for Madoff in $7M park ave apt, instead of jail
Posted by seaside
What motive would the regulators have for ignoring red flags?
I don't think there was a motive for ignoring the signs that something was up. I just don't know why 12% return, year after year after year without fluctuation, was never questioned by regulators. I don't know why the returns were never questioned by the investors attorneys, accountants, etc. Maybe it was. I know of 2 investors personally that were speaking with other investment professionals who questioned this. How is it possible...now we know it wasn't.
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| Posted 12/18/08 8:57 AM |
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