Bernie Madoff Dies

14-04-2021 4:28pm #1

In Jail Aged 82. Defrauded Scientologist Tom Cruise, Joyce Greenerg and Ilene Kent's elderly parents. amongst others. I do not feel any sympathy for Bernie. What do other boardsies think?

<edit> Sources added:
https://edition.cnn.com/2021/04/14/business/bernie-madoff-dead/index.html
https://www.independent.ie/irish-news/courts/irish-bernie-madoff-courtcase-settles-just-as-fraudsterdies-in-us-40313499.html

Allinall · 14-04-2021 4:30pm

R.I.P.

Bob Harris · 14-04-2021 4:31pm

Deleted User wrote: »

In Jail Aged 82. Defrauded Scientologist Tom Cruise, Joyce Greenerg and Ilene Kent's elderly parents. amongst others. I do not feel any sympathy for Bernie. What do other boardsies think?

Why would you feel sympathy for him? Tens of thousands die everyday that you don't know and you don't ask yourself if you feel sympathy for them.

valoren · 14-04-2021 4:35pm

But he only served 12 of the 150 years he was sentenced to!

The worst consequence of his scam was having to watch Kevin Bacon doing Orange mobile phone ads because of it. The horror.

MyPeopleDrankTheSoup · 14-04-2021 4:35pm

he marketed his investment as open to Jewish people only, I always found that interesting.

Zebra3 · 14-04-2021 4:36pm

Bob Harris wrote: »

Why would you feel sympathy for him? Tens of thousands die everyday that you don't know and you don't ask yourself if you feel sympathy for them.

Look at the grief junkies in the Philip the Racist thread.

14-04-2021 4:36pm

Another great man lost. RIP.

StupidLikeAFox · 14-04-2021 4:43pm

valoren wrote: »

But he only served 12 of the 150 years he was sentenced to!

Prob would have gotten out after 125 with good behaviour tbh

14-04-2021 4:45pm

No sympathy for him, but not much sympathy either for very wealthy people who thought they were billionaires based on unearned income. In the hierarchy of tragedies, this one doesn't really rank.

14-04-2021 4:47pm

^^^^And that's why I posted thread here in good old AH! I'm not that well liked in ranting and raving forum either

14-04-2021 4:50pm

Capitalism exploits each of us every day, and he exploited it. His only crime was getting caught.

May the clouds lower to meet him.

The Nal · 14-04-2021 4:54pm

Fcuk sake. Phil Spector, Screech and now Madoff. This is worse than 2016.

14-04-2021 4:59pm

The tether cryptocurrency scam operating at the moment is way bigger than Madoff’s scam.

Zebra3 · 14-04-2021 4:59pm

[Deleted User] wrote: »

Capitalism exploits each of us every day, and he exploited it. His only crime was getting caught.

May the clouds lower to meet him.

He got caught in the wrong country. If he made hundreds of millions here by bribing a government minister, he’d be fine.

dhaughton99 · 14-04-2021 5:03pm

Wizard of lies is a great movie. DeNiro plays Bernie.

Bob Harris · 14-04-2021 5:21pm

The Nal wrote: »

Fcuk sake. Phil Spector, Screech and now Madoff. This is worse than 2016.

What???? Screech? Saved by the Bell Screech is dead??? How did I not know about this?

watsonandcrick · 14-04-2021 5:42pm

Not to get into the conspiratorial side of things but does anyone find it hard to believe that he could steal €65 billion without anyone on Wall Street, the FBI, government finding out?

I think there were a lot of people who benefited from Madoffs fraud and didn't want the money to be recovered.

14-04-2021 5:45pm

A Tyrant Named Miltiades! wrote: »

No sympathy for him, but not much sympathy either for very wealthy people who thought they were billionaires based on unearned income. In the hierarchy of tragedies, this one doesn't really rank.

Stole from charities too.
https://t.co/gcaNlIlbO3?amp=1

14-04-2021 5:48pm

MyPeopleDrankTheSoup wrote: »

he marketed his investment as open to Jewish people only, I always found that interesting.

Very strange as he was Jewish himself.

14-04-2021 6:02pm

Bob Harris wrote: »

What???? Screech? Saved by the Bell Screech is dead??? How did I not know about this?

He died very quickly, weeks after being diagnosed with cancer earlier this year.

He was broke, too, the poor sod. Seems to have had a very un-Screechlike life after SBTB, getting into knife fights and suchlike.

RiP Screech and Bernie, they're up there now, with Our Lord and Stalin and Bob Marley.

Smee_Again · 14-04-2021 6:04pm

82? The good ones always die young.

Marcos · 14-04-2021 6:21pm

MyPeopleDrankTheSoup wrote: »

he marketed his investment as open to Jewish people only, I always found that interesting.

He knew his market, or should I say marks, well. He presented himself as an exclusive investment manager and had people waiting ages to give him their money, thus building up the hype and more people wanted to give him their money. Some were literally begging to invest with him.

A very accomplished conman. But no morals, mind you, that's probably a conman's greatest "gift".

MAULBROOK · 14-04-2021 6:26pm

So he did died of a Wednesday.

15-04-2021 8:56am

On the front of this morning's Irish Daily Mail ..."$65 billion fraudster dies"

Hope that does'nt hurt some posters feelings too much on this thread.

Eric Cartman · 15-04-2021 9:03am

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

ohnonotgmail · 15-04-2021 10:58am

Eric Cartman wrote: »

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

150 years for the largest fraud in history seems fair enough.

15-04-2021 11:00am

Eric Cartman wrote: »

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

A lot of damage to a lot of people in service of private gain seems to me to call for a high price.

We should see more long sentences for the likes of this

Mad_maxx · 15-04-2021 11:02am

dhaughton99 wrote: »

Wizard of lies is a great movie. DeNiro plays Bernie.

thought it was pretty poor myself

15-04-2021 11:24am

Eric Cartman wrote: »

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

This says a lot about your level of ethics tbh. He might not have killed anyone directly. But he ruined many lives and was responsible for a fair few suicides.

Mad_maxx · 15-04-2021 12:57pm

MyPeopleDrankTheSoup wrote: »

he marketed his investment as open to Jewish people only, I always found that interesting.

Kevin Bacon isn't Jewish so I doubt the above is true ?

Bob Harris · 15-04-2021 1:04pm

Mad_maxx wrote: »

Kevin Bacon isn't Jewish so I doubt the above is true ?

Ofc he's not Jewish, his name isn't Kosher.

Mad_maxx · 15-04-2021 1:09pm

Bob Harris wrote: »

Ofc he's not Jewish, his name isn't Kosher.

15-04-2021 1:10pm

Eric Cartman wrote: »

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

Lol.

15-04-2021 1:11pm

RIP.

I don't know if it's because it was mostly rich people who got defrauded, but in my head I don't see him as being that much of a villain. I know what he did is obviously wrong but the Sean Fitzpatrick/Sean Quinn types are much more malevolent in how they impacted wider society.

boardise · 15-04-2021 1:12pm

A Tyrant Named Miltiades! wrote: »

No sympathy for him, but not much sympathy either for very wealthy people who thought they were billionaires based on unearned income. In the hierarchy of tragedies, this one doesn't really rank.

Absolutely .
What a shower of selfish suckers.
I'd be mortally ashamed if my name emerged as a participant in this inanity.

boardise · 15-04-2021 1:14pm

Deleted User wrote: »

Another great man lost. RIP.

Aye , ( Uncle ) Bernie Madoff RIP -OFF

d51984 · 15-04-2021 1:14pm

Stupid rich so called celebs and their money eh... served most of them right anyway, half of them in the untouchable pedo ring... cnuts.

Bob Harris · 15-04-2021 1:23pm

d51984 wrote: »

Stupid rich so called celebs and their money eh... served most of them right anyway, half of them in the untouchable pedo ring... cnuts.

No amount is ever enough. High net worth individuals, tens of millions of dollars but it wasn't enough and they had to go running to Bernie to have even more.

15-04-2021 1:35pm

d51984 wrote: »

Stupid rich so called celebs and their money eh... served most of them right anyway, half of them in the untouchable pedo ring... cnuts.

Multiple charities hit including that of Elie Wiesel and his life savings.. So I'm inclined to say that your commentary is more ignorant than anything else.

https://www.cnbc.com/id/34377176

Overheal · 15-04-2021 1:39pm

The sacrificial lamb of the banking crash that had virtually nothing to do with the root problem. Ever see the Big Short?

d51984 · 15-04-2021 1:47pm

Deleted User wrote: »

Multiple charities hit including that of Elie Wiesel and his life savings.. So I'm inclined to say that your commentary is more ignorant than anything else.

https://www.cnbc.com/id/34377176

Hence the "Most" part in my comment and not "All"

.anon. · 15-04-2021 2:12pm

Eric Cartman wrote: »

RIP, he only got that level of sentence due to public protest and a media witchhunt due to recession , white collar crime should have a 15 year cap

Exactly. Rich people shouldn't have to face the consequences of their actions.

paddy19 · 15-04-2021 2:14pm

What I found amazing it that they have recovered 70% of the original money invested. They went after the investors who got out before the bust and took the profits.

"The Herculean effort to recover cash for the victims through litigation in bankruptcy court has so far repaid nearly 70% of valid claims -- a far better outcome than many expected when the fraud was fresh. "

The other Madoff story I loved, when a French bank, under pressure from it's customer to match his consistent returns, sent 3 experts to New York to find out how Bernie was working his magic.

They came back with a one line report:

"What Mr. Madoff claims is impossible."

antimatterx · 15-04-2021 2:53pm

I do feel sorry for his wife. Her two sons committed suicide and her husband was jailed within 5 years. That's rough.

Bernie Madoff Dies

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