Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Madoff gets 150 years in jail. Wife has to live with $2.5mil

Bertuzzied · 06-29-2009, 10:39 AM

And he deserves every year of that. His poor wife now has to go from $171billion in assets to $2.5million. Poor her. She should be in jail too.

http://finance.yahoo.com/news/Bernar...&asset=&ccode=

Some of those stories from his investors are pretty sad. Most of them losing millions. You needed at least 1 to 2 million minimums to invest with him.

http://finance.yahoo.com/banking-bud...-out-by-madoff

Allan Goldstein, a 76-year-old veteran of the Korean War, and his wife Ruth had invested in Madoff's firm since 1997. In a letter to Judge Chin, he described himself as destitute.
"I had two other investment counselors but Madoff outperformed them every year (so I thought), and I moved all my money (it was an IRA) to Madoff. I am now destitute. We had to sell our home in upstate New York at a very reduced price to avoid foreclosure. We are now living in one room in my daughter's house in California. I cannot pay my long term health insurance. I had to give up my car, and we are applying for food stamps.

06-29-2009, 10:39 AM	#1
Bertuzzied Lifetime Suspension Join Date: Apr 2004 Location: Market Mall Food Court Exp:	Madoff gets 150 years in jail. Wife has to live with $2.5mil And he deserves every year of that. His poor wife now has to go from $171billion in assets to $2.5million. Poor her. She should be in jail too. http://finance.yahoo.com/news/Bernar...&asset=&ccode= Some of those stories from his investors are pretty sad. Most of them losing millions. You needed at least 1 to 2 million minimums to invest with him. http://finance.yahoo.com/banking-bud...-out-by-madoff Allan Goldstein, a 76-year-old veteran of the Korean War, and his wife Ruth had invested in Madoff's firm since 1997. In a letter to Judge Chin, he described himself as destitute. "I had two other investment counselors but Madoff outperformed them every year (so I thought), and I moved all my money (it was an IRA) to Madoff. I am now destitute. We had to sell our home in upstate New York at a very reduced price to avoid foreclosure. We are now living in one room in my daughter's house in California. I cannot pay my long term health insurance. I had to give up my car, and we are applying for food stamps.