The American power system is sanitizing and muffling this case by focuing on the Lone Perpetrator, as they do on Lone Assassins.  It is apparent that the implications of this case are explosive.

It apparently was widely known on Wall Street that he was not buying stocks with the money he got, and this went on for more than 15 years.  The SEC and others covered up for him, his family and his co-conspirators, despite a number of highly credible accusations of fraud filed with the SEC.

There are rumors that Israel is involved.  This therefore involves the entire Zionist financial system which probably includes more scams like this one.  It is being hushed up to protect finacial capitalism as well as Zionism.

But in addition, drug money appears to be involved.  Madoff may well have put at least part of the money in drug tafficing, as a financial analyst before the SEC has testified.  And drug lords are very touchy about their money, their motto being ‘we make you rick or we make you dead.’

All this is being covered up by this unacknowledged plea bargaining, which may well result in a few years in jail and then release on the grounds of illness and old age.  The whole American power system is totally corrupt.

I fail to understand the difference between what Madoff has been doing and what the banking/financial systems have been doing. Words and concepts such as “right” and “fair” simply aren’t in their lexicon.

The whole thing is a game to them… and the only valid outcome is that they WIN… all the marbles, all the time.

Makes you kinda sick to your stomach, doesn’t it?

Cyrena, The money was paid out to investors as they cashed in. That’s a Ponzi scam. $1 billion is the “profit”. All the Payoffs are ill gotten gains and make the “investors”  Co-Conspirators. Chapter 2 of the Bernie Madoff Saga.

By Eric L. Prentis, March 10 at 4:53 pm #

Bernie Madoff, lock him up and throw away the key. More to follow?

~*~*

Eric,

I’m thinking there may in fact be…more to follow, but this is anti-climatic. He never had an option about going to jail, and he’s 70.

So in fact, this is a sweet plea bargin, that HE has offered, and that will be accepted. Something tells me that the wife is calling all of these shots, and that not particularly surprising.

Bottom line, your ass is going to jail anyway, and I don’t care. But, you’re not taking the rest of us, (wife/kids) down with you.

So, another episode from the annals of criminal justice. They do the crime and never have to pay restitution to the victims, which in this case, should be possible. Even if it takes years to process it, based on the books that he did keep, the money should be traceable. Then again, they’ve only found about a billion of the $50B. WTF?

How does one hide that much flippin’ money? I know it takes nothing to STEAL it, but I just don’t get how that much of it can be missing.

When I first saw the words “plea deal” I was dumb-founded!  Not only does this man need to be under the jail for what he’s done, his wife whom he claims should be allowed to keep $60bn “because it is her money”, should be allowed to join him!  All money should be repaid to those people that “invested” with this bloodsucker!  It is about time that some of these criminals be held accountable for the destruction that they have laid upon this nation!  Enough, enough, enough!!!!

Bernie Madoff, lock him up and throw away the key. More to follow?