Well I am still going with either three years or seven, depending on if Obama gets a second term or not. This guy would qualify for a cabinet possition in the administration if he could have squeeked out of trouble.
Madoff and his family are known as massive supporters of hundreds of Democratic canidates and the support is estimated to be in the millions of dollars over the years. Do not think for a second Obama will be allowed to not pardon Madoff at the end of his time in office.
Yep, during the numerous years Bernie ran his operation, he paid investors their principal and interest when demanded. He did what he said he would do... provide a steady 10%-12% return on deposited capital that he duped from his "investors". When the market dried up and investor capital was no longer flowing in, he saw that the jig was up and confessed his scheme to his family and turned himself in.
On the other hand, "investors" don't have any choice but to "contribute" to the biggest Ponzi Scheme in history...The Social Security System.
Ole' Bernie made his system work for years... maybe his sentence should be to manage the operations of a really grand rip-off scheme... the Social Security Administration!
