JUSTICE: Bye, Bye Bernie … Ponzi Scheme Swindler Bernard Madoff Get Maximum 150 Years in Prison

Although no amount of prison time makes up for the billions that Madoff defrauded from the rich and poor alike, 150 years makes for some nice retribution.

Justice has been served in the Madoff Ponzi fraud. Bernard Madoff will not be seeing the light of day any time soon. Madoff was sentenced to 150 years for orchestrating the largest financial swindle in history. There is a special spot reserved in hell for Madoff for the thousands of unsuspecting people that he defrauded and stole their life savings. Previously a judge had ordered that Madoff forfeit $170 billion.

Madoff, from the penthouse to the big house

Bernard Madoff, the self-confessed author of the biggest financial swindle in history, was sentenced to the maximum 150 years behind bars for what his judge called an “extraordinarily evil” fraud that shook the nation’s faith in its financial and legal systems and took “a staggering toll” on rich and poor alike.

As one of the Madoff victims told the court, “Commit Madoff to prison for the rest of his life. “May Satan grow a fourth mouth where Madoff can spend the rest of eternity.”

The landmark sentence, one of the stiffest ever given for a white-collar crime, came just six months after Mr. Madoff, a pioneer on Wall Street, allegedly told his sons that his entire business was a massive Ponzi scheme. The penalty sparked a burst of applause in a courtroom packed with victims of the fraud.

Yet another example of why we hate defense attorneys. Check out this circular logic for defending his client. Some how because the defrauded money went to other investors, that’s supposed to lessen what Madoff did.

Mr. Madoff’s attorney, Ira Sorkin, said that Mr. Madoff was a “deeply flawed individual” but maintained that most of the fraud money went to other investors. He added that the $13 billion figure cited by the government as the net losses suffered by account holders since 1995 was overstated, since at least $1 billion in recovered assets will be returned to investors, and perhaps a lot more. The judge said that was irrelevant to the case. Mr. Sorkin said Mr. Madoff deserved only 12 years in prison, since he was 71 and had helped the government in its investigation — a statement Judge Chin questioned.

Ruth and Bernie Madoff … say good bye to the penthouse and Bernie, say hello to the big house.

Report: Ruth Madoff Agrees To Forfeit $80M

UPDATE I: Could 10 More People Face Charges in Madoff Ponzi Scheme Scandal?

It is rather hard to believe that only one man knew what was going on during the largest financial swindle in history. Will more be charged?

Federal authorities are pressing a probe of 10 associates of Bernard Madoff despite a sentence that means the mastermind of one of the biggest financial frauds in history will spend the rest of his days behind bars, The Associated Press has learned.

A person, who spoke on condition of anonymity because the investigation is ongoing, wouldn’t detail potential charges or say whether the 10 would include Madoff’s family or former employees. So far, only Madoff and an accountant accused of failing to make basic auditing checks have been criminally charged in the multibillion-dollar hoax.

Daily Commentary – Monday, June 29th, 2009 – Michael Jackson’s Death Not Comparable to Princess Di

• Dana reminds us that, despite what some in the media have been saying, Michael Jackson had a dark side and was certainly not royalty.
  
   

   Daily Commentary – monday, June 29th, 2009 – Michael Jackson’s Death Not Comparable to Princess Di [1:16m]: | Download

Obama’s Kumbaya Foreign Policy Yet Another Disaster … Ahmadinejad Accuses Obama of Interference When Barack has Done Nothing

Priceless: Ahmadinejad accuses Obama of interference in Iran when “The One” has not even lifted a finger in any meaningful manner to help the Iranian protestors. BTW, Obama gets no points for the lack of support to freedom. Just more useless words as Iranians are gunned down in the streets wanting liberty and freedom. Obama, enemies of the United States hate America no matter who the President is.

Remember during the 2008 Presidential campaign when Barack Obama stated that we needed a change in how we dealt with Iran? Obama stated  that he would meet with any foreign dictator who was an enemy of the United States without preconditions. John McCain called such foreign policy dangerous and naive. The Obamamessiah actually believed he could improve relations with Iran just by talking nicely. Guess what, John McCain was correct. Unbelievable.

It was a kindler, gentler and weaker American foreign policy that would make the US the laughing stock of the world and serve no useful purpose. Never was that more evident than with Obama’s “hot dog” foreign policy where even Obama was finally shamed into stopping the slap in the face July 4th Iranian diplomat invitation.

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John Edwards & Rielle Hunter: Gov. Sanford, I’ll See Your Argentinian Mistress and Raise you a Sex Tape

As the media fixates in on Governor Sanford’s extramarital affair with his Argentinian mistress, it would appear that former Democratic VP candidate and North Carolina Senator just cannot get out of the headlines with his affair with Rielle Hunter.

Seems that John Edwards is playing a game of Texas “Affair” Holdem with all new comers. Hey Mark Sanford, I’ll see your Argentina babe and raise you a “reille” Sex tape. Eliot Spitzer, the bets to you.  After all, Reille Hunter is good with a camera, isn’t that why she was hired in the first place?

Former Edwards aide Andrew Young says the ex-senator and his former mistress, Rielle Hunter, once made a sex tape, according to someone who has seen Young’s book proposal.

St. Martin’s Press just inked a deal with Young, who also says in his proposal that, contrary to his public statement last year, he is not the father of Hunter’s infant daughter — Edwards is. Edwards has denied that.

Then again, didn’t Edwards deny the affair with Reille Hunter as well? The fact of the matter is, when it comes to a wife being a victim in an affair, Elizabeth Edwards is above and beyond ahead. When your wife has cancer and you continue the affair anyhow, it’s pretty hard to not get scumbag of the decade award.

A Tale of Two Baseball Throws: GWB Following 9-11 Attacks at Yankee Stadium and Obama at White House Picnic

A Tale of Two Baseball throws … George W. Bush and Barack Obama, need we say more.

Barack Obama better get a lot of practice in before he throws out the first pitch to this years MLB Allstar game in St. Louis. MO. A lot of practice. He might have to bring his teleprompter onto the mound to provide pointers.

Just because President Barack Obama can shoot a basketball does not mean he can throw a baseball. Heck, Michael Jordan learned that the hard way. However, isn’t it funny that the media was all over showing video of Obama shooting hoops. Where is this video of Obama throwing a ball at a dunking booth with Emanuel on the hot seat. The Gateway Pundit says, “he throws like a sissy”.

Nice form President Obama

GWB Throws Baseball opening pitch at Yankee Stadium following 911 attacks.

 Oh my, no comparison.