Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Sammy67
Prosecutors charged Madoff, 70, with a single count of securities fraud. They said he faces up to 20 years in prison and a fine of up to $5 million.

So what is the downside of running a $50 billion dollar ponzi scheme?

5 posted on 12/11/2008 7:19:38 PM PST by OCC
[ Post Reply | Private Reply | To 1 | View Replies ]


To: OCC

I stole a candy bar from the store when I was 7 (they cost 5 cents retail back then). Got caught by my Mom.

My Dad ‘whupped’ my posterior when he found out about it; my 25 cent a week allowance was suspended for three months. They made me go confess to the store owner, pay for the candy bar and volunteer to work three hours a day on Saturdays for a month cleaning up around the store “Just so I’d learn my lesson”.

Apparently the lesson I should have learned, at least by today’s standards is: If you are going to steal, steal BIG.


17 posted on 12/11/2008 7:31:56 PM PST by LegendHasIt (Freepmail me if you want to join the Precious Metals ping list.)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson