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Tag: swindler

Fed Judge Explains Why He Gave Bernie Madoff 150 Years

Bernie Madoff

 
 
By Allan Lengel
ticklethewire.com

A Manhattan federal  judge who sentenced swindler Bernie Madoff has told the New York Times that he weighed different factors before handing out a 150 year sentence.

Madoff’s lawyer  Ira Lee Sorkin had tried to convince U.S. District Judge Denny Chin,57, to give a far lesser sentence. He cited, according to the Times, Madoff’s move to tell his sons, knowing he’d be turned in. And he argued that Madoff, who was then 71, would live about 13 years. So he asked for 12 “just short of an effective life sentence.” The Times reported that Sorkin also proposed 15 to 20 years.

“It’s a fair argument that you want to give someone some possibility of seeing the light of day,” the judge told the Times, “so that they have some hope, and something to live for.”

He said he immediately rejected a 12 year sentence, but struggled with the idea of dishing out 20 to 25  years before ultimately concluding:

“In the end, I just thought he didn’t deserve it,” he told the Times. “The benefits of giving him hope were far outweighed by all of the other considerations.”

The Times also interviewed Madoff, who commented on the sentence.

“Explain to me who else has received a sentence like that,” Madoff said in a phone interview with the Times from prison in  North Carolina. “I mean, serial killers get a death sentence, but that’s virtually what he gave me.”

“I’m surprised Chin didn’t suggest stoning in the public square,” he added.

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Some of Swindler Bernie Madoff’s Possessions Go Up for Auction Saturday

Bernie Madoff/facebook photo

By Allan Lengel
ticklethewire.com

The spoils of swindler Bernie Madoff and his wife go up for auction Saturday in New York.

His black velveteen slippers, an emerald cut 10.5-carat diamond ring, other jewelry and furniture are up for grabs, the New York Daily News reports.

Auctioneers at Gaston & Sheehan will handle the sale, which will be online and at the Sheraton Hotel & Towers on Seventh Avenue in Manhattan starting at 10 a.m.

Jennifer Crane of the U.S. Marshals Service asset forfeiture unit, who was inside Madoff’s upper East Side penthouse after his December 2008 arrest, told the Daily News:

“He was extremely meticulous. Everything was folded beautifully, every drawer you opened up was perfectly organized. It wasn’t what I expected.”

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