Lock Madoff Up and Throw Away The Key
By StarJeff
posted 3/12/2009
So today is the big day for Bernie Madoff. The once prominent Wall Street exec and head of the NASDAQ faces the music today. Madoff is facing 11 felony charges and looking at 150 years of prison time. He is expected to plead guilty and take his medicine, but can anything be enough for the pain he caused so many and the lives he has destroyed?
| |
StarReviews Top 3
Stock Trading Websites |
|
 |
|
|
|
|
|
|
 |
The court room is expected to be full of investors who were frauded by Madoff's Ponzi Scheme. The judge is even going to allow them the opportunity to speak and challenge the judge's decisions on whether to accept the guilty plea and if Madoff should go directly to jail. Madoff is currently out on bail and under house arrest. Which means he is chilling out in his $7 million NYC penthouse apartment. This doesn't sit well with his victims, who like myself, want to see him in jail as soon as possible.
Although Madoff should plead guilty, this is in no way a plea bargain and I don't expect him to be show any leaniency.
Stay tuned ... more to come on this one!
Tags:
stock trading
Lock Up Bernie Madoff | Wall Street Exec | Felony Charges