Bernie Madoff, infamous Ponzi schemer, dead at 82

The New York Post ^ | 4/14/2021 | Bruce Golding and Rebecca Rosenberg

[TangoLimaSierra]

I am glad he couldn't live in the luxury his stolen wealth gave him.

The last few years had to be torture.

Good.

[Diana in Wisconsin]

I liked those episodes with the daughter playing the bratty (at first) niece. ;)

[romanesq]

“Haven’t heard what his wife is doing. I would guess she’s never gotten off that money train.”

No real read on Madoff’s wife honestly. There’s women who are happy to have lots of money to spend and do their daily living in their own reality.

She may have a fund that was set aside with funds peeled off. I would imagine Madoff knew the risk and set that up for a “rainy day.”

He would explain nothing and just say, here it is. “Don’t touch it. Don’t tell anyone about it but if anything happens....”

[OrangeHoof]

The Bid*ns are making Bernie seem like a piker.

[TimSkalaBim]

Correct, the "$65 billion" figure is the total of invested amounts and false gains. Stripping out the fraudulent, non-existent gains leaves only about $18 billion, the amount investors seeking too-good-to-be-true returns gave to Madoff. Of that about $14 billion has been recovered, according to wikipedia.

[Yaelle]

He thought he was winning at life but he failed spectacularly.

No rest for the wicked. I pray.

[OrangeHoof]

The medical term “natural causes” refers to any death that was not by violence or accident. Dying from cancer, heart attack, stroke, liver disease, etc. are all considered “natural causes”. It’s to distinguish deaths that were not murder, suicide or some violent event such as a car crash.

[Harmless Teddy Bear]

Good riddance to bad rubbish.

[Bell Bouy II]

Oh

[Nateman]

The biggest scam in history is when Biden and his gang stole America. Now they are ripping off the rest of the world by spending so much money it can never be repaid. Anybody foolish enough to lend money to Joseph Stolen’s Junta almost deserves to get burned.