rssThe Latest Madoff
Tuesday, February 17, 2009 at 1:13 pm
- 4 Comments
Just reported by The Washington Post: R. Allen Stanford, head of the Houston-based Stanford Financial Group, has been charged by the Securities and Exchange Commission “with fraud in the sale of $8 billion of certificates of deposit, one of the largest alleged financial frauds in U.S. history.”
Yikes!
4 Comments
Comment posted February 17, 2009 @ 12:08 pm
The jerk needs to be in jail, and payback the money he has taken from innocent people and charities
Pingback posted February 17, 2009 @ 4:12 pm
[...] Mike Lillis wrote an interesting post today on The Washington Independent » The Latest MadoffHere’s a quick excerptWall Street’s Old-Fashioned $50 Billion Swindle · Facing Crisis, Obama Moves Quickly to Fill Economic Posts · Tallying the Madoff Damage · Advocates Push Back on WaPo Bashing Whistleblower Protections … [...]
Comment posted February 23, 2009 @ 6:21 am
White collar criminal appears to have a different type of justice than other.
Madoff admitted to stealing this money, many people, including middle class investors lost their life worth of work (Honnestly).
Madoff who can afford expensive layermeters (from stolen moneys) is aloud to live in his pent house.
Even if convicted how much will he get, ? 10 years or 15 years, in a golf course prison, and then for good behavior will go home after 2.
Look what happen to I Bosky, M Rich etc…… All white collar criminals.
If you are poor, and cannot afford good lawyers then though.
This jerk not only should be in jail, but perhaps judge in one of the country we liberated (Irak).
Comment posted February 23, 2009 @ 2:21 pm
White collar criminal appears to have a different type of justice than other.
Madoff admitted to stealing this money, many people, including middle class investors lost their life worth of work (Honnestly).
Madoff who can afford expensive layermeters (from stolen moneys) is aloud to live in his pent house.
Even if convicted how much will he get, ? 10 years or 15 years, in a golf course prison, and then for good behavior will go home after 2.
Look what happen to I Bosky, M Rich etc…… All white collar criminals.
If you are poor, and cannot afford good lawyers then though.
This jerk not only should be in jail, but perhaps judge in one of the country we liberated (Irak).
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