it would be the same if it was 30 years. Hes not going to live more that a hundred years! (hes 71 according to the article)
Based on the fact they are not publicizing the actual facility he will be visiting for the next 150 years, I believe they already expect that to happen. Just not of natural causes.Squedee said:They could just say "you're sentenced to die in prison"
that would suffice
Pretty much this.HyenaThePirate said:I always hate those sentences...
Anything over 100 years should just automatically be death.
Honestly, I don't get how people can be against the death penalty by claiming "life is precious" while at the same time advocating the absolute WASTE of that so-called "precious" life, which in my opinion is more of a crime. What exactly does anyone learn from a scenario like that?
Why even bother with that sort of sentence? Why not just say "life?"
Maybe our government knows that Vampires exist, or people who live 150 years.
This is supposed to be a precedent, though. To show anyone thinking of trying a scheme on the scale of Madoff's that no, you won't get away with it, and we're going to make sure you never get to enjoy a dime of that money, or any money I guess, again.Kwil said:I tend to believe we should reserve prison for violent offenders. Madoff forced nobody to give their money to him, and the man obviously has some talents, so lets use them.
Set his sentence to an amount of money equal to that stolen plus overhead and then offer his services at a public auction for whoever wants to purchase them. Out of whatever is made he gets welfare amounts, and that's it with the remainder going toward paying off his sentence.
How much do you think one of Madoff's former clients might pay to have him clean out their stables every day?
Jharry5 said:If he's 71, he'll be 221 when his sentence is finished... somehow I doubt he'll see that day. Why not just say life?
That's not to say I think the sentence is too harsh; he ruined lots of people financially. He knew he'd be punished if he was caught. So I think a prison sentence is just what was needed...
yes i just learned about ponzi scemes vaugely and from the sounds of it that he didnt have the funds to pay back those who want to cash out didnt he promise the customers 110% if they wanted to cash out?xmetatr0nx said:It was a ponzi scheme, slightly different with the similar concepts.Eclectic Dreck said:Interesting note - people WERE making money in the pryamid scheme of Madoff's. That's how a pyramid scheme works - each level makes money off the bottom level. If you know when to cut your losses, the only people who lose are the last ones to sign up. What I find fascinating about this process is it demonstrates just how faith based an economy really is. Madoff's customers made money so long as people belived the fund could make money. They question the process and it all falls apart.
It's like a looney tunes cartoon where Daffy walks off a cliff. So long as he doesn't realize his predicament he can carry on without having to pay attention to the laws of gravity, but the moment he realizes what he's done he falls.