Any comments about Mr Madoff?

[classicman]

I too hope they investigate AND prosecute all of them. Perhaps seize their assets as well and put it towards those who were wronged.

Additionally, I'd like to see all those "regulators" or whatever who were basically informed of what was going on and did nothing investigated and prosecuted as well since that was their responsibility.

[glatt]

If he's pleading guilty without making a deal with the prosecution, then I think it's likely he is falling on his sword to protect his family. I would hope any investigation would include the family, and if there is enough evidence found to implicate them, they should be charged as well.

It irks me that the family should retain any wealth at all. They should lose virtually everything and be put in a position of starting over from scratch, assuming they don't go to jail too.

[sugarpop]

Originally Posted by glatt

If he's pleading guilty without making a deal with the prosecution, then I think it's likely he is falling on his sword to protect his family. I would hope any investigation would include the family, and if there is enough evidence found to implicate them, they should be charged as well.

It irks me that the family should retain any wealth at all. They should lose virtually everything and be put in a position of starting over from scratch, assuming they don't go to jail too.

Well my take is, since he didn't make a deal, they are not protected. I believe (hope) they will be investigated, and I agree, in cases like this, people who acquire wealth should have to lose all of it to help make retribution and start over.

[glatt]

Originally Posted by sugarpop

Well my take is, since he didn't make a deal, they are not protected.

Yes and no. While it's true that there is no official protection from the government now, any deal he would have made would have required him to divulge information about the entire scam and would likely have implicated his family. So making a deal for a lighter sentence would have hurt his family more than pleading guilty and shutting his mouth. He is protecting the family from the government as best he can by staying quiet. They are more protected this way.

[sugarpop]

Originally Posted by classicman

I too hope they investigate AND prosecute all of them. Perhaps seize their assets as well and put it towards those who were wronged.

Additionally, I'd like to see all those "regulators" or whatever who were basically informed of what was going on and did nothing investigated and prosecuted as well since that was their responsibility.

yeparoo, espcially they since they were warned, over and over and over by that Markopoulis guy. He tried for what, 12 years? to get them to investigate? Lazy bastards never did anything. If they had done their damn job, from the beginning, none of this would have happened. People who have oversight get way too comfortable with the people they are supposed to be regulating and watching. It's almost incestuous.