Bernard Madoff serves time incognito

Pnzi scheme financier scam artist in Groucho incognito glassesYou and I fight traffic tickets, Phil Spector fights charges that he put a gun to a woman’s mouth and pulled the trigger, he fights for years. Everyone fights against the long arm of the law, except Bernie Madoff. Does that make sense to you?
 
The biggest economic fraud ever perpetrated by one man, and that man pleads guilty. Hmmm.

We are told that as a consequence, Madoff doesn’t have to tell anyone where he buried the treasure. Meanwhile his accomplices are being charged and are proclaiming themselves innocent.

Okay, I didn’t know that not plea-bargaining means not having to say you’re sorry, or divulge where you took the loot. I didn’t know that when Kenneth Lay died, it meant that because his appeal could then never be exhausted, his wife and family got to keep the money. An appetizing pattern emerges…

Can you imagine a parade of white-collar-criminal bunkmates sidling up to Madoff in prison, hoping to learn the whereabouts of his vanished bullions (who saw that pun coming)? Nor can I. Michael Milken –now a financier and philanthropist–had plenty of business suitors waiting to hire his larcenous consultation when he was released. Paper crimes don’t garner severe prison sentences. Whether Madoff has a felony on his record or not can hardly hinder his future prospects.

Madoff has a very good reason to plead guilty. It’s a bit like the Kenneth Lay play-possum legal strategy. Let’s remember Bernie Madoff couldn’t even afflict himself with jail. He remained out on bail in his luxury penthouse, until his day in court. Since then where has he been? Have YOU seen him? Are you sure he’s where authorities say he is?

I’m convinced that Bernie has a plan to stay out of the penal system. And it doesn’t involve a jury verdict.

I’d guess with just a fraction of his loot, he can pay off the very few administrators involved to handle the paperwork to incarcerate someone in his place. No visitors, no outsiders to know. It won’t be Bernie doing the time, it’ll be a stand in. Maybe as simple as a real inmate, written off as released, but reissued Bernie’s ID. No cosmetic surgery necessary, what’s the probability that prison guards know what Bernie Madoff looks like anyway.

If Bernie had to go back and forth to court, he’d have to do be there himself. Being seen by too many people.

In prison, rather, not in prison, Madoff can live the rest of his years on a private estate, miles from onlookers, his fence-line probably abutting Kenneth Lay’s.

7 thoughts on “Bernard Madoff serves time incognito

  1. AvatarDan Chinitz

    “Let’s remember Bernie Madoff couldn’t even afflict himself with jail. He remained out on bail in his luxury penthouse, until his day in court. Since then where has he been? Have YOU seen him?

    Madoff is currently housed in the Metropolitan Detention Center in Sunset Park, Brooklyn awaiting sentencing. Given he’s housed in his jail cell for about 23 hours a day, it would be hard for YOU, ME or ANYONE ELSE to see Madoff.

    “In prison, rather, not in prison, Madoff can live the rest of his years on a private estate, miles from onlookers, his fence-line probably abutting Kenneth Lay’s.”

    Not likely given strict federal sentencing guidelines. Ken Lay died three years ago, so, the chances of Madoff and Lay abutting one another are remote.

    “I’m convinced that Bernie has a plan to stay out of the penal system. I’d guess with just a fraction of his loot, he can pay off the very few administrators involved to handle the paperwork to incarcerate someone in his place. No visitors, no outsiders to know.

    This will be a difficult plan to implement given Madoff has already plead guilty to 11 counts of securities fraud and is facing a 150-year sentence in federal prison. Furthermore, with his assets frozen, his ability to “pay off” any “administrators” is severely hampered.

  2. Avatarandrew

    dan in case you don’t know Berkman received a 22 year sentence, when the maximum sentence for what he did was 7 years , while Frck, who destroyed untold lives got RICH ( Homestead Strike)

  3. AvatarDan Chinitz

    Actually, attempted murder can carry a life sentence depending on the state. In Madoff’s case, given his former regal lifestyle, rotting in prison seems like an appropriate punishment for having ruined so many lives. Having his victims stone him would be appropriate, too.

  4. Avatarandrew

    for your info what Berkman was charged with carried a 7 year max sentence in Pa. in those days

  5. AvatarTony Logan

    Yes, ‘Dan’, the US Injustice System is just horrible in how they treat them White Collar types. You Lame Brain!

    You yourself are a real tax credit to the Internet Megaphone Israeli internet spam crowd. …a little bit of Rush, a little bit of Coulter, a little bit of Beck, a little bit of Dick Cheney… like something out of a Off Hollywood horror movie.

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