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SF Financial Fraud Examiner

Madoff victims are rich, famous--and fleeced

February 6, 6:46 AMSF Financial Fraud ExaminerPaul Springer
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Those who got chiseled include Kevin Bacon, Kyra Sedgwick, John Malkovich, DreamWorks CEO Jeffrey Katzenberg, and Uma Thurman's fiancee Arpad Busson, who runs the EIM hedge fund. EIM may have been scorched for as much as $150 million.

Among the swindled is U.S. News and World Report head Mort Zuckerman, who explains in the MSNBC video above how he lost $30 million when a hedge fund flushed charitable trust assets down the Madoff cash comode.

At the same time, let's not forget the charities and non-profits that got sideswiped in this mess.

And then there's the question of justice.

Imagine if you will Bernie Madoff out on bail and lounging around his apartment, which is worth a lot more than your retirement savings--especially if it ended up with Madoff.

Meanwhile, people in Texas are doing life on minor weed charges, while a guy in Fresno just got a 15-month prison sentence for income tax fraud in the half million dollar range.

Extrapolate from those situations to calculate a fitting punishment for Madoff . . . and that's what hell is for.

 

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