Bernie Madoff, the evil financier who swindled some very rich and famous people out of $50 billion with a standard Ponzi scheme, arrived for a bail hearing in Manhattan today … wearing a bullet-proof vest.
Can you even imagine the kind of high-profile people who are sending this dude death threats?
Craziness.
To make matters worse, the Manhattan judge today allowed Madoff to stay free on bail under house arrest at his luxury Manhattan home. The judge claims he is not a flight risk or a danger to the community, which are the two requirements to revoke bail. BUT he has been caught trying to give his remaining assets to friends and family, so that they can’t be claimed later by the people whose money he swindled!
People are gonna be PISSED about this.
This Granpaw Munster looking bitch lives a few blocks from here and I cant tell you how many people ride by throwing eggs and screaming things at him.
what an evil son of a bitch.
Some one needs to frame him for jumpoing a turn style in the subway so he can actually be sent to jail.
Maybe in my next life i will be a white collar criminal because it seems to pay well.
The use of bullet-proof vests … useless … just aim for the head, lol!
Does anyone know how this Ponzi thing works? I’m just curious as to how and why so many supposedly smart people fell for it.
Hahaha think of the Social Security system…
The biggest Ponzi scheme of all time.
http://www.mentalfloss.com/blogs/archives/20995
explanation of Ponzi scheme and who it’s named after
nice monitor, but it fucked up my head shot though. watch your back bernie, watch your back.
They keep the accused safe, comfy, well fed, over monitored and growing bored, very bored.. then he sings.
Another proof that if you have money, justice means a totally different thing…
And it doesn’t matter if the money you have is stolen from someone else.
Death would be too an easy of an out for him. An appropriate punishment makes one think of one of the many great lines from the classic “Office Space”:
Michael Bolton: We get caught laundering money, we’re not going to white-collar resort prison. No, no, no. We’re going to federal POUND ME IN THE ASS prison.
Samir: I don’t want to go to ANY prison!
It’s not a standard Ponzi scheme. The usual ones promise a high payout, for example, 50% in the case of the originial Ponzi. The reason why this particular fraud worked so well is because the payout was around 5%, which is modest and not attention-grabbing.