A numbers game

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Bernard Madoff, the crooked financier who fleeced thousands of investors in a global multibillion-dollar fraud, was sentenced to 150 years in prison on Monday.

That may sound like a long sentence. But 150, like all numbers, is relative.

Madoff ruined the lives of those who trusted him, high rollers, socialites and average Joes, all robbed of their savings and left with nothing.

Federal prosecutors call Madoff’s $65 billion Ponzi scheme the worst in history, yet the kingpin’s 150-year sentence ranks at No. 4 on the white collar crime hit parade.

Forbes lists Sholam Weiss with the longest sentence. His crime had a fraction of the value of Madoff’s — $450 million, which led to the collapse of National Heritage Life Insurance.

Neither Weiss nor his crime have reached the heights of Madoff’s infamy, but for those who are counting, Weiss is now serving the ninth year in federal prison — about 1 percent of his 845-year sentence.

That makes Madoff’s sentence seem like a slap on the wrist. The Ponzi master’s $65 billion haul was 140 times greater than Weiss’s, give or take a few million. Dollar for dollar, Madoff might have been sentenced to 118,300 years.

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Flag Comment Posted by mickster on July 01, 2009 at 7:18 am

Unfortunately Madoff will not live long enough to experience 150 years in prison, nor will Weiss live another 836 years to allow him to think about his crimes.

However taxpayers will continue to pay for the support of these two crooks—and others with ridiculously long sentences—until they do die.  These people will get all the normal jail-time coddling while those they cheated will have to find a way to rebuild their lives.  For many it will be too late to go back and recoup all they’ve lost.

These men did not make “mistakes.“  It was a deliberate thievery without any regard to the effects it would have on those they cheated.  They could have been satisfied with the millions they already had but that was not good enough. 

They should be put out on the street in a cardboard box and made to live out their sentences as a homeless person.  Give them a suit of clothes and a refrigerator box and let ‘em go.

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