Bernie Madoff is responsible for pulling off the largest single Ponzi-style scam in the history of Ponzi scams.
He has ruined people's lives, destroyed family fortunes, damaged the funding of charitable organizations, and potentially had a serious negative impact on the struggling U.S. Economy.
This morning, a judge sentenced Bernie Madoff to 150 years in jail. He is currently 71 years old, and unlikely to ever live outside of a jail cell again.
Is 150 years, an adequate sentence? Will it bring restitution to his victims and their families? Will is bring him a sense of the type of damage he's done to all those lives.
Better yet, will it serve as the example to others that the Judge hopes it will be, to keep them from attempting to defraud?
Personally, I don't think 150 years of room and board, on the tab of the u.s. government is appropriate. Granted, it's not in the style to which he's become accustomed, but it seems as though the punishment is too mild, for the crime.
In my wife's family history is a con-man from the 1920's here in Chicago. He stole funds, in a Ponzi-
Whaddya think? Is Bernie's sentence fair... too strong.... not strong enough?
ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate
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Coldwell Banker Residential Real Estate, 2929 Central Street, Evanston, IL 60201
847.425.3779 Cell: 847.924.3313 Email: Almay@aol.com
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