If Madoff turns state's evindence and rolls over on his cronies, then maybe let him out of jail. $65 million stolen from investors - He should be glad he isn't dead!!!!
Madoff lawyer appeals Judge's jail order - Daily Business Update - The Boston Globe
A day after Bernard L. Madoff pleaded guilty to running the biggest Ponzi scheme in history, his attorney has appealed a judge's order jailing him while awaiting sentencing.
Ira Sorkin said he filed the appeal with the federal appeals court today and a hearing would be held Thursday. The court filings were not immediately available.
Sorkin argued in court there was no reason to jail Madoff, 70, immediately because there was little chance he would attempt to flee and he was being monitored closely by authorities. But US District Judge Denny Chin in New York revoked Madoff's $10 million bail, arguing he was a flight risk because of his age and wealth.
Madoff, who ran a multibillion-dollar investment scheme that burned thousands of victims, including many in Massachusetts, pleased guilty to 11 charges of fraud. He is scheduled to be sentenced on June 16 and could face up to 150 years in prison.
Some victims, who lost much of their life savings after entrusting the money to Madoff, are certain to be upset about the prospects of seeing him sprung from jail.
But Saphira Linden, artistic director at the Omega Theater in Jamaica Plain, which lost its entire $70,000 endowment with Madoff, said she thought it was more important to try to prod Madoff to cooperate with investigators than to jail him immediately.
"It doesn't do anyone any good to have him in jail, except for revenge,'' Linden said. "What is important is to find the money that is hidden." Damn Straight!!!! Let him ROT! the bastard
Friday, March 13, 2009
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1 comment:
His wife needs a slap-down, too. I hope they both rot in prison.
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