The Pitch – What is the proper prison sentence for Madoff?

June 23, 2009 – 12:06 pm – No Comment

How long should Bernard Madoff spend in jail?

Question:
Bernard Madoff’s attorney just sent a letter to the judge in the case who will be sentencing Madoff asking that he receive 12 years in prison because his life expectancy is only 13 years.

How long do you think he should stay in jail?

Answer:

I think that if he could pay back all those investors, then 12 years is fine. However, some of those who lost all their money have since committed suicide and if they’re dead, then they can’t be repaid.

Now, I understand that anytime you invest in the stock market it is a gamble, however, there is a big difference between a gamble and having your money flat out stolen. At least with a gamble, you have a chance.

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