Money isn't everything it is the only thing!
The Madoff story affected few people in my opinion who say their life savings or what they worked all their life to have is gone!
In real life most of us have to work until we die and we still have nothing? Not b/c we don't try but b/c of Corrupt America won't have it any other way. I wonder what is happening now that will become headlines in the near future that will shake up those financially who IMO not all but many perhaps are living off what their employees who are paid slave wages helped them build? These people expect us to feel for them when they lose when in real life they had an opportunity to share their wealth with those who helped them built-it but instead didn't and now must live their life among those who know what it's like. Now they can go to work and then they can go to another job after stopping over at the soup kitchen.
What will happen in America next that will make heads turn? News gets old fast and America needs another scandal, what will it be?
NEW YORK (AP) -- More than 100 victims of failed financier Bernard Madoff's multibillion-dollar fraud urged a judge Monday to sentence him harshly, saying he ruined their lives, leaving many of them depressed, bitter and hopeless. Now they know what it was like to work for them
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"Please don't let his brilliant criminal mind loose to do it again," Steve Norton pleaded in a letter to the judge after describing how he lost $1.1 million in retirement money. "He took the rest of our lives. Don't give him his back."
Kathleen Bignell of Gunnison, Colorado, said she told her 89-year-old father he cannot die because she no longer has money to bury him. She said Madoff "ought to be able to look forward to just exactly what he has done to us. No hope, no future and no forgiveness." How does it feel
In 113 statements, victims from across the country repeatedly referred to the 71-year-old Madoff as a "monster" who, as one victim put it, has "no soul, no remorse, no conscience."
Carl Kornblum wrote that he is 70 years old and his wife is 66, both forced by the Madoff fraud to sell their home and go back to work. Your not alone many Americans have been doing this and never were able to have their own home
"Can you believe as teenagers and school chums and young marrieds we were once friends with Bernie and Ruth Madoff????" he wrote. "I really can't believe Bernie could be such a sociopathic low-life!!! Thank you for all you can do to see that justice is served on this scoundrel." How much did you pay your employees or servants
Letter after letter urged U.S. District Judge Denny Chin to sentence Madoff to the maximum 150 years in prison after he pleaded guilty in March to securities fraud, perjury and other charges.
Madoff, who has been jailed since he entered his guilty plea, is scheduled to be sentenced on June 29.
Thousands of people lost billions of dollars investing with Madoff, who authorities say confessed to his sons in early December that he had been running a giant Ponzi scheme for decades in which early investors were paid with money collected from later investors. This tells me that w/o a paper trail for those who were investing with this person they were investing in some type of illegal activity which in their eyes was okay b/c they were profitting >>>> lets take a close look at their Income Tax returns
In the letters, victims urged Chin to show no mercy for the man they described alternately as "wicked," "cruel," "amoral," "heartless, "ruthless" and "arrogant." One letter called Madoff one of the most hated men in the world. Hated he is forgotten about
Some of them criticized the government for not doing more to help them.
were your Tax Returns honest
And they reacted angrily at being portrayed in some published reports as greedy, saying they passed up riskier investments that promised higher returns for the steady profits reported by Madoff. How did he report (show) these profits to you? On paper or in the backroom of your exclusive club? Sounds to me like you both were involved in a scam!
They also urged investigators to keep pursuing probes of Madoff's family members on the belief that some of them had to know about the fraud or even had a role in it.
Ira Sorkin, Madoff's lawyer, said any comment he would make in response to the letters would be made in writing to the judge prior to the sentencing. This is my prediction, Madoff at this time will portray how all of those who claim they lost also failed to report whatever he gave them, no paper trail no need to claim as income!
Dozens of retired investors said they were forced to look for work to survive after the loss of their investments drove them to put their homes up for sale. Hope you all get jobs working for someone who worked for you during your heyday
"I can use every superlative in the dictionary, but none would suffice to tell you how damaging Madoff's scheme was," a letter from Ronnie Sue and Dominic Ambrosino said.
Ronnie Sue Ambrosino said the couple had so much faith in Madoff that they put their entire life savings in his hands and even took out a loan to buy a motor home rather than pay for it outright because they did not want to withdraw any of their money from Madoff. Where was it invested?
She said when she learned of Madoff's fraud she felt numb.
"The air in the room was thick and there was silence. The birds that had been chirping stopped singing. The squirrels stopped scurrying. The sun stopped shining. There was a void," she wrote. She said her decision to attend Madoff's plea brought her even more pain when she was hit by a van and was left in a cast for eight weeks.
Morton J. Chalek of Port Jefferson Station, New York, wrote: "I am 86 years old. I have a broken knee, I have lung cancer and thanks to Madoff, I am now bankrupt." I feel this man worked 3 jobs for 50 years and is probably a great man!
Jesse L. Cohen of Summit, New Jersey, told Chin to give him one year off his sentence "for every one billion dollars of hidden money that he reveals. In lieu of that, please make sure that the facility in which he rots is extremely uncomfortable."
"I am broke -- robbed by `The Madoff gang,'" wrote Emma De Vita of Chalfont, Pennsylvania. So am I! I invested in Horse Racing and it is the most corrupt but a legal business?
Caren Low of Harrison, New York, wrote that her family's name is on buildings at the Albert Einstein College of Medicine, the Hebrew Home for the Aged in New Rochelle and the Hebrew University in Jerusalem. She said they are benefactors of Lincoln Center and founders of the Simon Wiesenthal Center in Los Angeles.
She said she went on anti-depressants after she learned what Madoff had done and is now looking for work. I wish I could afford and/or get anti-depressants..........
"It's absolutely revolting," she wrote. "I guess one lesson learned is not to give away too much money before you die as you never know what can happen."
Maybe someone higher than most involved with Madoff re-paid them for their Greed!
The Madoff story affected few people in my opinion who say their life savings or what they worked all their life to have is gone!
In real life most of us have to work until we die and we still have nothing? Not b/c we don't try but b/c of Corrupt America won't have it any other way. I wonder what is happening now that will become headlines in the near future that will shake up those financially who IMO not all but many perhaps are living off what their employees who are paid slave wages helped them build? These people expect us to feel for them when they lose when in real life they had an opportunity to share their wealth with those who helped them built-it but instead didn't and now must live their life among those who know what it's like. Now they can go to work and then they can go to another job after stopping over at the soup kitchen.
What will happen in America next that will make heads turn? News gets old fast and America needs another scandal, what will it be?
NEW YORK (AP) -- More than 100 victims of failed financier Bernard Madoff's multibillion-dollar fraud urged a judge Monday to sentence him harshly, saying he ruined their lives, leaving many of them depressed, bitter and hopeless. Now they know what it was like to work for them
<!--- Insert the sidebar information -->
<!-- Article Related Media -->
"Please don't let his brilliant criminal mind loose to do it again," Steve Norton pleaded in a letter to the judge after describing how he lost $1.1 million in retirement money. "He took the rest of our lives. Don't give him his back."
Kathleen Bignell of Gunnison, Colorado, said she told her 89-year-old father he cannot die because she no longer has money to bury him. She said Madoff "ought to be able to look forward to just exactly what he has done to us. No hope, no future and no forgiveness." How does it feel
In 113 statements, victims from across the country repeatedly referred to the 71-year-old Madoff as a "monster" who, as one victim put it, has "no soul, no remorse, no conscience."
Carl Kornblum wrote that he is 70 years old and his wife is 66, both forced by the Madoff fraud to sell their home and go back to work. Your not alone many Americans have been doing this and never were able to have their own home
"Can you believe as teenagers and school chums and young marrieds we were once friends with Bernie and Ruth Madoff????" he wrote. "I really can't believe Bernie could be such a sociopathic low-life!!! Thank you for all you can do to see that justice is served on this scoundrel." How much did you pay your employees or servants
Letter after letter urged U.S. District Judge Denny Chin to sentence Madoff to the maximum 150 years in prison after he pleaded guilty in March to securities fraud, perjury and other charges.
Madoff, who has been jailed since he entered his guilty plea, is scheduled to be sentenced on June 29.
Thousands of people lost billions of dollars investing with Madoff, who authorities say confessed to his sons in early December that he had been running a giant Ponzi scheme for decades in which early investors were paid with money collected from later investors. This tells me that w/o a paper trail for those who were investing with this person they were investing in some type of illegal activity which in their eyes was okay b/c they were profitting >>>> lets take a close look at their Income Tax returns
In the letters, victims urged Chin to show no mercy for the man they described alternately as "wicked," "cruel," "amoral," "heartless, "ruthless" and "arrogant." One letter called Madoff one of the most hated men in the world. Hated he is forgotten about
Some of them criticized the government for not doing more to help them.
were your Tax Returns honest
And they reacted angrily at being portrayed in some published reports as greedy, saying they passed up riskier investments that promised higher returns for the steady profits reported by Madoff. How did he report (show) these profits to you? On paper or in the backroom of your exclusive club? Sounds to me like you both were involved in a scam!
They also urged investigators to keep pursuing probes of Madoff's family members on the belief that some of them had to know about the fraud or even had a role in it.
Ira Sorkin, Madoff's lawyer, said any comment he would make in response to the letters would be made in writing to the judge prior to the sentencing. This is my prediction, Madoff at this time will portray how all of those who claim they lost also failed to report whatever he gave them, no paper trail no need to claim as income!
Dozens of retired investors said they were forced to look for work to survive after the loss of their investments drove them to put their homes up for sale. Hope you all get jobs working for someone who worked for you during your heyday
"I can use every superlative in the dictionary, but none would suffice to tell you how damaging Madoff's scheme was," a letter from Ronnie Sue and Dominic Ambrosino said.
Ronnie Sue Ambrosino said the couple had so much faith in Madoff that they put their entire life savings in his hands and even took out a loan to buy a motor home rather than pay for it outright because they did not want to withdraw any of their money from Madoff. Where was it invested?
She said when she learned of Madoff's fraud she felt numb.
"The air in the room was thick and there was silence. The birds that had been chirping stopped singing. The squirrels stopped scurrying. The sun stopped shining. There was a void," she wrote. She said her decision to attend Madoff's plea brought her even more pain when she was hit by a van and was left in a cast for eight weeks.
Morton J. Chalek of Port Jefferson Station, New York, wrote: "I am 86 years old. I have a broken knee, I have lung cancer and thanks to Madoff, I am now bankrupt." I feel this man worked 3 jobs for 50 years and is probably a great man!
Jesse L. Cohen of Summit, New Jersey, told Chin to give him one year off his sentence "for every one billion dollars of hidden money that he reveals. In lieu of that, please make sure that the facility in which he rots is extremely uncomfortable."
"I am broke -- robbed by `The Madoff gang,'" wrote Emma De Vita of Chalfont, Pennsylvania. So am I! I invested in Horse Racing and it is the most corrupt but a legal business?
Caren Low of Harrison, New York, wrote that her family's name is on buildings at the Albert Einstein College of Medicine, the Hebrew Home for the Aged in New Rochelle and the Hebrew University in Jerusalem. She said they are benefactors of Lincoln Center and founders of the Simon Wiesenthal Center in Los Angeles.
She said she went on anti-depressants after she learned what Madoff had done and is now looking for work. I wish I could afford and/or get anti-depressants..........
"It's absolutely revolting," she wrote. "I guess one lesson learned is not to give away too much money before you die as you never know what can happen."
Maybe someone higher than most involved with Madoff re-paid them for their Greed!
