I bet a lot of people are happy about this one (not me of course)

Mr Quatro · 04-14-21, 11:12 AM

https://www.msn.com/en-us/money/mark...BingNewsSearch

Ponzi schemer Bernie Madoff dies in prison

Bernie Madoff, 82, died at the Federal Medical Center in Butner, N.C., apparently from natural causes.

Quote:

A court-appointed trustee has recovered more than $13 billion of an estimated $17.5 billion that investors
put into Madoff’s business. At the time of Madoff’s arrest, fake account statements were telling clients they had
holdings worth $60 billion.

Jimbuna · 04-14-21, 01:08 PM

What I would call a real 'con man'

Platapus · 04-14-21, 03:45 PM

He was going to die in a cell. It was just a matter of when.

I am sure the prison can use that cell for someone else

Commander Wallace · 04-14-21, 04:33 PM

Considering how many people lost their life savings and retirements that Bernie stole, I say good riddance.

les green01 · 04-14-21, 05:04 PM

for how many people lives he ruin best thing he can do is feed the worms

Mr Quatro · 04-14-21, 05:07 PM

I heard that even nuns lost money to Bernie, but I couldn't find that story.

Here's the biggest loser I heard of ... not Larry Kings 700k, but his friend Fred Wilpon, owner of the New York Mets to the tune of $500 million dollars

Quote:

Larry King met Madoff through his childhood friend Fred Wilpon, owner of the New York Mets. At the time, King and his wife were looking for a reputable investment firm, and Wilpon suggested he look into Madoff but warned King that the money manager was known for being selective about his clientele. King experienced Madoff's choosiness firsthand, as the latter accepted King into his firm but not King's brother.

When Madoff was arrested in 2008, the broadcasting legend suffered a $700K loss but thankfully, was able to recover it within a few years.

"If I could interview one person on the planet, it'd be Bernie Madoff and the obvious [question] would be 'Why? Why did you do this to people?'" King said.

King's friend, Wilpon, would come out of the Madoff scandal much worse off, taking a hit of $500 million.

3catcircus · 04-15-21, 11:08 AM

Is there any reason why his wife (who did the books at his firm) was allowed to remain free? She should've been tossed in a cell just the same as him. At least one of his corrupt offspring had the decency to hang himself after the whole house of cards collapsed.

04-14-21, 01:08 PM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,661 Downloads: 63 Uploads: 13	What I would call a real 'con man' __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

04-14-21, 03:45 PM	#3
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,380 Downloads: 63 Uploads: 0	He was going to die in a cell. It was just a matter of when. I am sure the prison can use that cell for someone else __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

04-14-21, 05:04 PM	#5
les green01 Seasoned Skipper Join Date: Jan 2002 Location: Freeman Missouri Posts: 1,784 Downloads: 1405 Uploads: 0	for how many people lives he ruin best thing he can do is feed the worms __________________ I'll tell you what bravery really is. Bravery is just determination to do a job that you know has to be done. Audie Murphy

04-14-21, 04:33 PM	#4
Commander Wallace Navy Seal Join Date: Oct 2012 Location: Under the sea in an Octupus garden in the shade Posts: 5,315 Downloads: 366 Uploads: 0	Considering how many people lost their life savings and retirements that Bernie stole, I say good riddance.

04-15-21, 11:08 AM	#7
3catcircus Grey Wolf Join Date: Sep 2011 Posts: 979 Downloads: 256 Uploads: 0	Is there any reason why his wife (who did the books at his firm) was allowed to remain free? She should've been tossed in a cell just the same as him. At least one of his corrupt offspring had the decency to hang himself after the whole house of cards collapsed.