Closing Arguments: Madoff’s ‘Penthouse Arrest’

Bernard Madoff Should have his hands cut off for he has done.

I find it difficult to understand why those who commit so-called “white collar” high- stakes crimes so often walk, while your common, ordinary, garden variety low-income street thieves almost always go immediately to jail: do not pass go, do not collect $200.00 dollars, with no optional get- out -of- jail -free courtesy card (let alone ankle bracelets).
Mr. Madoff’s liberty too sadly demonstrates that there is still a gross fundamental unfairness in American justice that favors the rich and famous.

INNOCENT UNTIL PROVEN GUILTY?! Anyone remember that?! Of course he should be able to reach terms and not have to go to jail to await a trial. If you are able to stay out of jail by posting bail, you should do so. Unfortunately our entire justice system is corrupt and this system, like everything else in this country, is based around money…whoever has it gets a better deal. But everyone should have a chance through a bail agency or not to post bail and await a trial. Why should we hold people in jail and spend our money on sustaining them for months when they are not even proven GUILTY? Come on, people, our civil rights are being taken away, WAKE UP!

What is sooo unfair in this country is the double standard for men and women. Martha Stewart was jailed for ‘allegedly lying’ about information related to stocks she sold. Yet, this Madoff literally stole millions of dollars in a scam bar none and he just gets ‘house arrest’? Please, American judges! What this man has done amounts to murder, pillaging and slaughter of thousands of men & women by stealing their fortunes and ALL he gets is house arrest! I can’t believe we are not more outraged about this given the current state of our economy. Where are the judges of integrity and authenticity?

Madoff deserves to be tied upside down by his ankles in some dark hole while he waits his fate,house arrest in the pent house is a crock of crap!

No he has not been proven guilty in a court of law yet, but I will bet when is found guilty it will be a minor sentance. If the American people are not outrage with crooked politicians, CEO’s who make bad business decisions and are rewarded well in money, then I do not expect them be outraged about this man either. Our society will let the crooks off, then fight over a bail out for the auto industry which effects real workers. A nation has lost all its morals.

I have lost faith with society’s laws and politics in America!!!

Hey Jaytee….all ya have ta do is be a “normal Joe Blow” and get caught with a small amount of pot! For that, in this country, you go to jail. Make and sell glass smoking devices (Bongs) across state lines and do federal time, ask Tommy Chong!! This guy will do less time than the average bank robber and the bank robber ain’t stealing $50B!!! By the time appeals are said and done…he will have passed away!

A Federal Magistrate can only decide to detain a defendant if the defendant is a danger to the community or a risk of flight. Madoff’s danger to the community would be that he would in some way swindle additional people out of money. Madoff only did so before via his reputation and previous lifestyle. Madoff’s reputation no longer exists and is going to be monitored pretrial by the court to ensure he doesn’t engage in any said activity. The home monitoring via the ankle bracelet theoretically and historically is usually sufficient to diminish any risk of flight. The court has also collected the defendant’s passport. In this particular case the judge also ordered the defendant’s spouse to turn over her passport, again minimizing risk of flight.
As far as Madoff staying out of prison, that is highly unlikely. He probably won’t be able to remain free pending appeal either. Once Madoff either pleads guilty or is convicted, he will be sentenced and will receive a reporting date for Federal Prison. Due to the length of the criminal conduct in this case as well as the large sum of money involved, it is highly unlikely that Madoff will ever see the outside of a prison once he reports to serve his sentence. Of course that depends on how long Madoff lives and if and when he pleads guilty and or provides substantial assistance to the government in apprehending and convicting any other additional conspirators in this case or any other case he may have information of… .

The plutocracy in this country and our courts has gone on far too long. The rich are no different naked or dead, than the rest of us. But money protects, insulated the affluent from us, even punishes some and used as a weapon against others. There has always been a double standard in courtroom. Con artist like Madoff will come and go, steal people blind, then a judge will slap them on the wrist and tell them not to do that again or don’t get caught the next time. Wink, wink.
Jail, for the rich? Ha. They’ll buy there way out every time.
Wall Street has begun handing “the bailout” money for CEO’s perks. We’re screwed. Thanks George.
I believe about $500B in bailout money should go directly to the American people who make under $200,000.00 a year. Even to the people who do not work or can’t and those oh, so hate welfare people, too. Divided equally.
However, before that could happen, the government would need to regulate most all business or they’ll be scamming to get every penny out there, until they have it all again.
That would truly cause a spending spree like we have never seen and put a whole lot of people on the same playing field, instead of under it.

He should be put in the worse jail/prison in the country. It is outrageous that he is allowed to sit in a multi million dollar NYC penthouse. He is far worse than any thief in this country. He should not be allowed a phone or computer, or any other forms of communication. What are the courts thinking? Is someone being paid off????

I would like to add something to my earlier post. Every charity, school, university,the elderly, or individual who he has ‘robbed’ should get a protest sign and march on the steps of the courthouse of this Judge and Protest until the Judge puts him in Jail.Let the cameras show ‘the faces’ of the innocent he has Robbed. Nobody has put a Face to this Crime yet. Show THAT on the News every night.

What is it going to take in this decaying country for us to see the level of hidden GREED out there which I think is a bigger threat then terrorism. Anyway, they both are costing us billions. And another question, WHERE in the hell is alllll this money coming from which our government is magically pulling out of it’s bottomless pocketbook?

He has murdered the future of hundreds of people. How can there even be the question of bail? He should never again see the light of day.

Yes, he should be in jail!! Is our system so corrupt that we have lost all sense of justice? Greedy amoral people are operating unchecked and destroying our country.

Why could Madoff rob us by billions? And why can he still stay out of jail now? (There are many small-time criminals serving 20+ years now by robbing or stealing only a few thousands of dollars.) My guess the difference is the so called ‘connections’(Can we trust Cox and the SEC?). Madoff is certainly one of the smart white-collar crooks.
—————— (Don’t know why. The ABC News has blocked my ids from posting comments on its site. They also deleted some of my comments. And they refuse to tell me why. I can only post in this blog section now. Guess the freedom of speech is no longer in ABC News’ vocabulary.)

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Quite your whining and accept the fact that Jews in this country don’t have to obey the law. Convert to Judaism immediately and you will be safe from prosecution or negative press. As a Jew, when you commit a crime the media will just say how sad it is that such a nice Jewish persoin would do something like that.

I find it ironic that people trusted $50 Billion in the hands of a guy named Made-off………….