Search
Madoff gets 150 years
The Post gleefully headlines Bernie Madoff To Rot in Jail; the Times is slightly more placid, as is their wont.
The sentence was handed down at the end of a ninety-minute hearing. None of the coverage I've seen indicates whether Madoff will appeal his sentence.
[Update]: Ruth Madoff breaks her silence. Her statement, after the break.
I am breaking my silence now, because my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie’s crime, which is exactly the opposite of the truth.
From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts — first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for over 50 years was over. Many of my husband’s investors were my close friends and family. And in the days since December, I have read, with immense pain, the wrenching stories of people whose life savings have evaporated because of his crime.
My husband was the one we (and I include myself) respected and trusted with our lives and our livelihoods, often for many, many years, and who was respected in the securities industry as well. Then there is the other man who stunned us all with his confession and is responsible for this terrible situation in which so many now find themselves. Lives have been upended and futures have been taken away. All those touched by this fraud feel betrayed; disbelieving the nightmare they woke to. I am embarrassed and ashamed.
Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.
In the end, to say that I feel devastated for the many whom my husband has destroyed is truly inadequate. Nothing I can say seems sufficient regarding the daily suffering that all those innocent people are enduring because of my husband. But if it matters to them at all, please know that not a day goes by when I don’t ache over the stories that I have heard and read.
Re: Madoff gets 150 years
GOOD and I'm glad he's going to rot in jail. I'd like to ask Mrs. Madoff how come with all the money in her name she didn't know anything about what was going on. Bernie will get 3 meals a day but what about those people who now can't afford even 1 meal a day and have lost their homes? There still is a need for complete investigation of where every penny was spent.