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03-12-2009, 11:17 AM #1
JUST IN...MADOFF GOING DIRECTLY TO JAIL!!!
Just in...Madoff going directly to jail!!! No story to post yet.
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03-12-2009, 11:36 AM #2
Madoff denied bail and ordered to jail
AP – Former financier Bernard Madoff, right, arrives at Federal Court in Manhattan, Thursday, March 12, 2009, …
NEW YORK – Bernard Madoff has been ordered to jail after pleading guilty to an epic financial fraud scheme.
Applause broke out in the courtroom after the judge's announcement Thursday.
The judge revoked bail after the financier entered 11 guilty pleas.
The judge says the 70-year-old Madoff has the means to flee and an incentive to do so because of his age.
Madoff admitted he began operating a giant Ponzi scheme in the early 1990s. Prosecutors say he robbed investors of billions of dollars.
Sentencing has been set for June 16. He could face up to 150 years in prison.
Jail is TOO GOOD for this scum! They need to freeze his assets, AND HIS WIFE'S... no way she didn't know what was going on!
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03-12-2009, 11:43 AM #3
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03-12-2009, 11:47 AM #4
Yep. And his wife should be jailed for the rest of her life as well.
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03-12-2009, 11:59 AM #5
Good.....glad to see there's still some justice left.
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03-12-2009, 08:14 PM #6
There's no way he could have pulled it off by himself, there are dozens of others involved like his wife, sons, other family members, etc.
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