Madoff confirms he is a sweetheart

[panama hat]

What a guy . . . don't you just want to <insert verb here> him . . .

Ponzi schemer Bernard Madoff has contempt for victims, is hero to inmates: report
June 8, 2010

Bernard Madoff ... will die in prison.

Ponzi schemer Bernard Madoff, serving a 150-year sentence for masterminding Wall Street's biggest fraud, has total contempt for his victims and is considered a hero by his fellow inmates, New York Magazine said Monday.

In a profile of the 72-year-old fraudster, a year into his sentence at Butner federal prison, in North Carolina, the weekly said Madoff's feelings for the people he scammed were overheard one day when he said: "F--- my victims. I carried them for 20 years, and now I'm doing 150 years."

The magazine said Madoff enjoyed celebrity status from the moment he arrived at the penitentiary under security escort complete with circling helicopters and a bevy of reporters.

He has made friends in prison with the likes of Colombo crime family boss Carmine Persico, with whom he takes long walks during recess.

Butner is described as a relatively pleasant institution that includes a gymnasium, library, pool tables, chapel and a volleyball court. Its outdoor facilities are dotted with trees, flowers and lawns where inmates take in the sun.

In this closed-off world, Madoff - convict number 61727-054 - has his admirers.

"He enjoys being a celebrity," said lawyer Nancy Fineman who met Madoff shortly after he was locked inside Butner.

His fellow inmates above all admire his "accomplishments": bilking thousands of his clients out of what he claimed before his arrest were $US65 billion.

One convict said Madoff struts around the prison "like he beat the world".

"In the context of prison, he isn't a cancer on society; he is a success, admired for his vast accomplishments," the inmate told the magazine.

Watching him on CBS television's 60 Minutes one day, inmates cheered him on: "Bernie, you got 'em for millions ... No, billions," one of them said.

"He's arguably the greatest con (confidence man) of all time," said another on a website.

Madoff is sought for his financial advice especially by inmates serving less than life.

Many obviously think he has a stash of money hidden somewhere. "Where did you hide it?" bank robber KC White said he once asked Madoff.

"It's H2O," answered Madoff, meaning the money slipped through his fingers like water.

AFP

Ponzi schemer Bernard Madoff has contempt for victims, is hero to inmates: report

[robuzo]

It's good that he found a home. He should stay. Too bad US prisons aren't more like Japanese ones.

[panama hat]

gymnasium, library, pool tables, chapel and a volleyball court. Its outdoor facilities are dotted with trees, flowers and lawns where inmates take in the sun.

Nice place . . . I'm sure the crims suffer hardship

[Camel Toe]

His age will work in his favour if he ever drops the soap. And Jerome would never consider a bitch that old. Rock on Bernie!

[zygote1]

Many of his victims were greedy Mofos. People looked the other way as soon as they heard they could get 20% returns when investments were paying 5%. The "victims" didn't care how Madoff made the money, they just wanted the inlflated interest income.

[Butterfly]

make perfect sense for him to be a rockstar among criminals

they respect high paying criminals in jail, they are god like, and Madoff did break a few records there

he has destroyed the life of many,

[ossierob]

Many of his victims were greedy Mofos. People looked the other way as soon as they heard they could get 20% returns when investments were paying 5%. The "victims" didn't care how Madoff made the money, they just wanted the inlflated interest income.

My feelings exactly....greedy investors....not understanding the tenet "if it appears to good to be true it probably is'....not condoning his crime but Bernie and his investors are like minded persons!

[StrontiumDog]

Yep, not all psychopaths murder people....some inflict misery on others in other ways...

[BobR]

Many of his victims were greedy Mofos. People looked the other way as soon as they heard they could get 20% returns when investments were paying 5%. The "victims" didn't care how Madoff made the money, they just wanted the inlflated interest income.

Exactly, most of his "victims" who had any brains at all thought he was illegally front running trades from his brokerage business, a form of insider trading, but they never thought he would steal them them. Screw them all.

[harrybarracuda]

Ironic that most of his victims were avaricious Jews.

What's most embarrassing is the total lack of financial regulation that allowed the crook to get away with it for so long.

Surely some important people must have been getting paid off to look the other way.

[panama hat]

Wow, look who is coming out of the dark

not condoning his crime but

But? You are, actually.

most of his "victims" who had any brains at all thought he was illegally front running trades from his brokerage business, a form of insider trading

Hmm, you would know that about his "victims' because . . . ?

Screw them all.

Indeed. All!

Ironic that most of his victims were avaricious Jews.

Ah, the Jews again. Those hook-nose slurpers of young Christian boy's blood . . .

These vile mongers of greed . . . ALL of them . . . including charities like:

Gift of Life Bone Marrow Foundation

National Planned Parenthood

. . . and the list goes on and on . . .

[Cujo]

Ah, the Jews again. Those hook-nose slurpers of young Christian boy's blood . . .

These vile mongers of greed .

Yeah, that's them.

[FailSafe]

It's not surprising that he pals around with Carmine Persico- Madoff's scheme was something a guy like that would highly respect.

[NPW]

Yep, not all psychopaths murder people....some inflict misery on others in other ways...

With this comment George Soros comes to mind.

[Lorenzo]

I like Madoff, he screwed rich scum who made their money screwing the common man.

Five years off for good behavior.

[Lorenzo]

avaricious Jews.

had to look that word up

good one, spot on, worth a green

[robuzo]

Madoff is a con-man who pulled his con based on the same principles as any other. If something is too good to be true it almost always is. The mark pretty much always operates under the assumption that he or she is the one getting away with something. Human nature being what it is, they also nearly always find a way of justifying what are clearly unusual gains. My favorite quote from the Madoff is from Michael Bienes, one of Madoff's cohorts who so far has not been convicted:
"So is this easy money you were making with Madoff, would you say?"

"Easy. Easy, peasy...."

"Did you ever think to yourself this is just too easy, this is too good?"

"I said I'm a little too lucky. Why am I so fortunate? Then I came up with the answer, my wife and I came up with the answer. God wanted us to have this, God gave us this." - Michael Bienes interview, "The Madoff Affair", PBS Frontline video trailer
Bernie Madoff: God Wanted Michael Bienes To Be Filthy Rich! | Mrs Panstreppon's Blog