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'An Evil Man Died': Victims' Animosity Toward Madoff Outlives Him

âAn Evil Man Diedâ: Victimsâ Animosity Toward Madoff Outlives Him
For many of the victims of Bernard L. Madoffâs massive Ponzi scheme, his death on Wednesday did not assuage their bitterness.
Burt Ross, left, a victim of Bernie Madoff, spoke outside the federal courthouse in Manhattan where Mr. Madoff was sentenced in 2009. Mr. Ross said he lost millions in Mr. Madoffâs scheme.Credit.James Estrin/The New York Times
April 14, 2021Updated 8:44 p.m. ET
There were no obvious public signs that Bernard L. Madoff, who died Wednesday at the age of 82, would eventually become infamous for running the largest Ponzi scheme in financial history. ....

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'An evil man died': Victims' animosity toward Bernie Madoff outlives him

An evil man died : Victims animosity toward Bernie Madoff outlives him
15 Apr, 2021 06:00 AM
5 minutes to read
Bernard Madoff exits Manhattan federal court in March 2009. Photo / AP
New York Times
By: Jonah E. Bromwich and Benjamin Weiser
For many of the victims of Bernard L. Madoff s massive Ponzi scheme, his death did not assuage their bitterness.
There were no obvious public signs that Bernard L. Madoff, who died Wednesday at age 82,
would eventually become infamous for running the largest Ponzi scheme in financial history.
From his congressional testimony after the 1987 stock market crash to the regular round tables he participated in at the Securities and Exchange Commission, his image in the public eye was that of a masterful, innovative and eminently dependable financier. ....

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Ponzi scheme mastermind Madoff dies in prison at 82

BusinessWorld
April 15, 2021 | 7:06 pm
Bernard Madoff is escorted in a vehicle from Federal Court in New York Jan. 5, 2009. REUTERS
NEW YORK Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence. He was 82.
A spokeswoman for the Federal Bureau of Prisons said Mr. Madoff died at the Federal Medical Center in Butner, North Carolina, about 3:30 a.m. EDT (0730 GMT).
His death was believed to be from natural causes. Mr. Madoff had suffered from terminal kidney disease and several other medical ailments. ....

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Sentencing Law and Policy: Madoff asking for a 12-year prison sentence

New York Law Journal, which is headlined Madoff Lawyer Asks Judge to Ignore Hysteria, Impose 12-Year Sentence, the legal team for Bernie Madoff has come up with an interesting proposed sentencing number:
If you are arguing that Bernard L. Madoff should be given a break, you work with what you have. Attempting to mitigate a maximum sentence of 150 years for a client whose name has become synonymous with greed, defense attorney Ira Lee Sorkin asked a federal judge this morning to set aside the hysteria generated by of the largest Ponzi scheme in history and give Mr. Madoff only 12 years in prison. ....

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Sentencing Law and Policy: Judge Denny Chin and Bernie Madoff talk about a sentence of 150 years

The
New York Times has this fascinating new lengthy article about the famous sentencing of an infamous white-collar offender. The piece is headlined Judge Explains 150-Year Sentence for Madoff, and here is how it starts:
With the sentencing of Bernard L. Madoff only a week away, Judge Denny Chin received a letter from Mr. Madoff’s lawyer asking for a prison term substantially below the 150-year maximum. The lawyer, Ira Lee Sorkin, listed several reasons, including Mr. Madoff’s confessing to his sons, knowing he would be turned in; his “full acceptance” of responsibility for his crimes; and his efforts to assist in the recovery of lost assets. ....

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