Bernard Madoff gets maximum 150 years in prison
- Thread starter Socrtease
- Start date
Don't forget the "Thriller" video.
Or the daily interviews with Helen Thomas.
Better yet. A non stop press conference with Robert Gibbs piped in 24/7 to his cell
DamnYankee
Loyal to the end
...in his cell with the door locked, lights on and her naked.
Socrtease
Verified User
here is no day for day in the federal system. Good time in Federal Prison is calculated by the Federal Bureau Prisons and the max good time is 54 days per year.
Topspin
Verified User
Obviously I didn't know that, I could use those 5 seconds waisted back on my death bed
DamnYankee
Loyal to the end
Club Fed; usually on a military base and not even a fence. Wander off the property though and you'll get a bit more then a fence.
Socrtease
Verified User
So with Max good time calculations presumed, Madoff will only have to serve 128 years before he is eligible for parole. The good news is his wife also lost 80 million dollars and all their houses. She kept the books and tries to pretend she was arms reach from all of this.
...in his cell with the door locked, lights on and her naked.
Hahahahaha! YIKES!
Mott the Hoople
Sweet Jane
With a Farrah Fawcett poster for his cell.
Topspin
Verified User
wtf, his wife gets to keep 2.5MM
Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.
Documents filed in Manhattan federal court on Friday night showed that Ruth Madoff, 68, who has said nothing in public about her jailed husband's crimes in the six months since his arrest, had come to an agreement with U.S. prosecutors.
"In compromise of claims Ruth Madoff would have pursued, the Office (U.S. Attorney) will not contest claim to a sum of money equal to $2,500,000, which sum the Office shall cause to be tendered to Ruth Madoff promptly after she vacates the real property and surrenders all personal property," the court order said.
Ruth Madoff has not been charged with any crimes but she has been widely vilified by defrauded investors, shunned by people she once knew and pursued by the New York press. Under the agreement she could still be liable to civil claims.
Her 71-year-old husband will be sentenced in Manhattan federal court on Monday and is likely facing the rest of his life in prison after pleading guilty in March to criminal charges of running Wall Street's biggest investment scheme.
He has not named any accomplices and only his outside accountant has been charged, but few believe he acted alone.
In an agreement with U.S. prosecutors approved by U.S. District Judge Denny Chin on Friday night, Bernard Madoff forfeited all rights to assets totaling $170 billion, the amount prosecutors said flowed through the principal account of his decades-long fraud.
The properties to be sold include the couple's $7 million apartment and primary residence in Manhattan, an $11 million house in Palm Beach, Florida and a $3 million home in Montauk on New York's Long Island. Other assets listed include expensive boats and cars.
In court papers filed earlier this year, Bernard Madoff's lawyer had asked the government to allow his wife to keep almost $70 million in assets that were in her name, arguing they were not connected to the fraud.
At the time, she held some $45 million in municipal bonds and $17 million in a bank account. She also withdrew $15.5 million in the weeks before her husband's December 11 arrest.
The documents agreeing to the sales were signed by lawyers for the Madoffs.
The Florida property and several vessels have already been seized by the United States Marshals Service.
Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.
Documents filed in Manhattan federal court on Friday night showed that Ruth Madoff, 68, who has said nothing in public about her jailed husband's crimes in the six months since his arrest, had come to an agreement with U.S. prosecutors.
"In compromise of claims Ruth Madoff would have pursued, the Office (U.S. Attorney) will not contest claim to a sum of money equal to $2,500,000, which sum the Office shall cause to be tendered to Ruth Madoff promptly after she vacates the real property and surrenders all personal property," the court order said.
Ruth Madoff has not been charged with any crimes but she has been widely vilified by defrauded investors, shunned by people she once knew and pursued by the New York press. Under the agreement she could still be liable to civil claims.
Her 71-year-old husband will be sentenced in Manhattan federal court on Monday and is likely facing the rest of his life in prison after pleading guilty in March to criminal charges of running Wall Street's biggest investment scheme.
He has not named any accomplices and only his outside accountant has been charged, but few believe he acted alone.
In an agreement with U.S. prosecutors approved by U.S. District Judge Denny Chin on Friday night, Bernard Madoff forfeited all rights to assets totaling $170 billion, the amount prosecutors said flowed through the principal account of his decades-long fraud.
The properties to be sold include the couple's $7 million apartment and primary residence in Manhattan, an $11 million house in Palm Beach, Florida and a $3 million home in Montauk on New York's Long Island. Other assets listed include expensive boats and cars.
In court papers filed earlier this year, Bernard Madoff's lawyer had asked the government to allow his wife to keep almost $70 million in assets that were in her name, arguing they were not connected to the fraud.
At the time, she held some $45 million in municipal bonds and $17 million in a bank account. She also withdrew $15.5 million in the weeks before her husband's December 11 arrest.
The documents agreeing to the sales were signed by lawyers for the Madoffs.
The Florida property and several vessels have already been seized by the United States Marshals Service.
Mott the Hoople
Sweet Jane
Oh I doubt that. That's not how it will work for Madoff. He'll go to a facility for orientation, while they decide where they'll send him. Due to the nature of his crime I doubt he goes to Minimum Security prison. My guess would be Joliet, Atlanta or Leveanworth.
DamnYankee
Loyal to the end
I dunno, non violent money criminals usually get the Club.
FUCK THE POLICE
911 EVERY DAY
Yeah, because how much we can make someone suffer is something we should take into account. We're barbarians, after all. It's implied in being an American.
And it's actually 15% off for good behavior, so it may as well not even exist.
FUCK THE POLICE
911 EVERY DAY
No federal parole, retard.