Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Parking Lot


Madoff's New Home: Cell the Size of Walk-in Closet

Parking Lot


Reply
 
LinkBack Thread Tools Display Modes
Old 03-13-2009, 08:14 AM   #1
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 42
Posts: 85,832
Madoff's New Home: Cell the Size of Walk-in Closet

I think this guy should do hard time in a F me in the a$$ prison, what do you think?

ABC News: Madoff's New Home: Cell the Size of Walk-in Closet
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote

Advertisements
Old 03-13-2009, 08:39 AM   #2
Playmaker
 
gibbsisgod's Avatar
 
Join Date: Oct 2004
Location: 129 W 81st street
Age: 36
Posts: 3,503
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by Mattyk72 View Post
I think this guy should do hard time in a F me in the a$$ prison, what do you think?

ABC News: Madoff's New Home: Cell the Size of Walk-in Closet
I totally agree. Unfortunately, it will probably be in a minimum security type.

On a humorous note, that is sig material right there.
gibbsisgod is offline   Reply With Quote
Old 03-13-2009, 08:49 AM   #3
Playmaker
 
724Skinsfan's Avatar
 
Join Date: Jan 2006
Location: Roanoke, VA
Posts: 3,508
Re: Madoff's New Home: Cell the Size of Walk-in Closet

I hope someone super-glues his soap to the floor.
__________________
"I hope I'm getting better. I hope you haven't seen my best." - Jim Zorn
724Skinsfan is offline   Reply With Quote
Old 03-13-2009, 09:33 AM   #4
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 53
Posts: 10,525
Re: Madoff's New Home: Cell the Size of Walk-in Closet

not to burst your bubble, but he is out on bail as we speak
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 03-13-2009, 09:45 AM   #5
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 42
Posts: 85,832
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by dmek25 View Post
not to burst your bubble, but he is out on bail as we speak
Not to burst yours, but his bail was denied and he was sent straight to jail

NEW YORK (AP) Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims.

U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to jail, noting that he had the means to flee and an incentive to do so because of his age.

The Associated Press: Madoff pleads guilty and goes to jail in handcuffs
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote
Old 03-13-2009, 10:13 AM   #6
Swearinger
 
GMScud's Avatar
 
Join Date: Sep 2006
Location: Washington, DC
Age: 36
Posts: 12,623
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by Mattyk72 View Post
I think this guy should do hard time in a F me in the a$$ prison, what do you think?

ABC News: Madoff's New Home: Cell the Size of Walk-in Closet
"Peter Gibbons, I sentence you to 10 years in a federal pound me in the a$$ penitentiary." LOL!

Seriously, I hope he rots. He's the lowest of the low. And that smug effing look he always has on his face really pisses me off. I hope he gets a steady diet of trouser snake smothered in underwear.

I hate it when guys like this say they are "deeply sorry." Please. Sorry you got caught is more like it.
__________________
Insert witty signature here
GMScud is offline   Reply With Quote
Old 03-13-2009, 10:32 AM   #7
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 53
Posts: 10,525
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by Mattyk72 View Post
Not to burst yours, but his bail was denied and he was sent straight to jail

NEW YORK (AP) Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims.

U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to jail, noting that he had the means to flee and an incentive to do so because of his age.

The Associated Press: Madoff pleads guilty and goes to jail in handcuffs
no problem. the guy deserves what ever he gets. in my eyes he is lower then pond scum.
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 03-13-2009, 11:33 AM   #8
Playmaker
 
Trample the Elderly's Avatar
 
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 37
Posts: 2,906
Re: Madoff's New Home: Cell the Size of Walk-in Closet

I want to know where the money went.
Trample the Elderly is offline   Reply With Quote
Old 03-13-2009, 11:55 AM   #9
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 42
Posts: 85,832
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by Trample the Elderly View Post
I want to know where the money went.
Up his nose?
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote
Old 03-13-2009, 12:07 PM   #10
Playmaker
 
Trample the Elderly's Avatar
 
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 37
Posts: 2,906
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by Mattyk72 View Post
Up his nose?
No way! Even Tony Montana can't snort up that much blow. All the cartilage would be gone after 3 mil. I think his sons laundered it.
Trample the Elderly is offline   Reply With Quote
Old 03-13-2009, 12:56 PM   #11
Gamebreaker
 
CRedskinsRule's Avatar
 
Join Date: Aug 2008
Location: Pasadena, Md
Age: 48
Posts: 13,133
Re: Madoff's New Home: Cell the Size of Walk-in Closet

50Billion gets you life in a cell, 700Billion gets you a ranch in Tx, 810Billion gets you the White House. Makes a $200,000 mortgage seem like a bargain.
CRedskinsRule is offline   Reply With Quote
Old 03-13-2009, 01:51 PM   #12
Playmaker
 
gibbsisgod's Avatar
 
Join Date: Oct 2004
Location: 129 W 81st street
Age: 36
Posts: 3,503
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by firstdown View Post
Thats why some say that the judge should have denied his plea agreement and not accepted his quilty plea and forced it to go to trial. What that guy did is the same thing the goverment does evryday with our social security money.
I haven't been following this that closely but I don't think it was a plea agreement. He just pled guilty to all charges. He had no deal with the prosecution. If he wanted any kind of agreement he would need to give up the money or at least give up accomplices. He's not gonna do that unless his offer is too good to be true.
gibbsisgod is offline   Reply With Quote
Old 03-13-2009, 02:34 PM   #13
Playmaker
 
70Chip's Avatar
 
Join Date: Jan 2006
Location: Manassas
Age: 44
Posts: 3,048
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Some of the money went to pay for the lavish lifestyle of his family and associates. The bulk of it however was probably paid back to investors as dividends to maintain the illusion of propriety, with the earliest investors probably getting back more than they put in. That's how pyramid schemes work. Some investors did quite well but we won't here about them for a while, because they have no motive to come forward. In fact they would probably like to disappear, because there are laws that will require them to forfeit any returns they got, so whatever is left can be distributed more fairly

Obviously Madoff should rot, but for some reason I can't get as worked up as everybody else at the plight of the victims. I'll give you two reasons why:

1. Somebody that has 5 or 10 million dollars to lose in the first place also has real assets - house(s), car(s), jewelry, that they can liquidate and live on (although living like regular people will surely seem like a hardship) Also, Mort Zuckerman and Steven Spielberg will be okay. Kevin Bacon lost everything, but if he makes just three movies he'll make enough loot to live fairly well. The bottom line here is that losing a small fortune is not a tragedy to me in the same way that say, childhood cancer is. There is hardship and then there is hardship.

2. Madoff suckered these people the same way grifters and confidence artists have been suckering people for years. He appealed to their own greed. If you have 5 million dollars, you can make extremely safe investments and still see annual returns in the six digits. Along comes Madoff and he says, "6% is for schmucks. You're way too smart to JUST earn 6%. Someone as intelligent and good looking as you deserves at least 11% or 12% and I can make that happen." At the more basic level the scam might go like this. Guy shows up at an old widow ladies door and he says "I have this check from the government for $5,000. Problem is I can't cash it for two weeks. I'm really desperate for cash so if you'll just give me $3,000 now, I'll sign this check over to you and you'll make $2,000 for just waiting 14 days." She tells herself she's doing a good deed for this poor soul, but she's really in it for the $2,000. The fault is not in our stars, it's in ourselves. It's their own greed and vanity what does them in.
__________________
This Monkey's Gone to Heaven
70Chip is offline   Reply With Quote
Old 03-13-2009, 03:01 PM   #14
Playmaker
 
Trample the Elderly's Avatar
 
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 37
Posts: 2,906
Re: Madoff's New Home: Cell the Size of Walk-in Closet

I don't feel bad for the victims that much. I mean I do feel for them. There was a guy on the radio who lost everything. What I'd like to know is where was the oversight? He didn't get caught until he ran out of steam? I bet if they did a proper investigation then they'd have turned up a lot of corrupt people. It is hard for me to feel bad for greedy people but you know what. . . . stealing is stealing. I don't care if they were rich or only had two pennies to rub together. Bernie I hope you rot in pound you in the a** prison for the rest of your natural life.
Trample the Elderly is offline   Reply With Quote
Old 03-13-2009, 04:29 PM   #15
Playmaker
 
Trample the Elderly's Avatar
 
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 37
Posts: 2,906
Re: Madoff's New Home: Cell the Size of Walk-in Closet

Quote:
Originally Posted by firstdown View Post
What would make someone greedy if they had purchased an investment that was providing great returns on their money? I'm like you and would love to know how he got this over on the SEC for so long. Well after I typied that last sentence and thought I'd try and look it up. Here is a good article on how this got by the SEC. The best thing about the article is a link at the bottom of the page that reads " How To Start A Ponzi Scheme". I think part of the problem is that he was so well known even after the SEC look at his books and did not find anything they just stopped looking because he was so well known on Wall Street. Why The SEC Missed Madoff - Forbes.com
When I say greedy I mean when something appears to good to be true it usually is. This scheme he was running, from what I've heard, was just that. People within his community and with connections we're all to eager to make huge returns on their investments without doing their homework. Some would say that they were greedy. I say yes but, stealing is stealing. And, not everyone has the time or intelligence to study the market and investments, especially old people. They get advice from people who are supposed to know better. That's why he's a scum bag IMO.
Trample the Elderly is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 03:37 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.39089 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25