Bernie Madoff – F**k my Victims

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Bernard Madoff's mugshot
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Good old Bernie Madoff, the man who screwed hundreds of people out of millions of dollars is not a bit unhappy about it.  On the contrary, despite the many nuisances of prison, like getting beaten up from time to time, he appears quite content with his new lot in life.  He is, after all, loved, respected and now protected by his fellow roomies.  Here is the story we lifted from The Huffington Post, who lifted it from New York Magazine:

Bernie Madoff appears to have none of the remorse expected of a man staring down a 150-year prison sentence.

According to a lengthy new piece by Steve Fishman in New York magazine, Madoff, who apparently pals around with a former mob boss and a spy in a federal prison in Butner, North Carolina told a fellow inmante, “F— my victims. I carried them for twenty years, and now I’m doing 150 years.”

Madoff, whose con artist bona fides seems to have turned some fellow inmates into “groupies,” even indicated to other prisoners that some of his victims actually deserved to have their money taken from them. Overall, Madoff comes off as cocksure, unrepentant and a bit miffed at the world. Here’s New York magazine:

He was past apologizing. In prison, he crafted his own version of events. From MCC, Madoff explained the trap he was in. “People just kept throwing money at me,” Madoff related to a prison consultant who advised him on how to endure prison life. “Some guy wanted to invest, and if I said no, the guy said, ‘What, I’m not good enough?’ ” One day, Shannon Hay, a drug dealer who lived in the same unit in Butner as Madoff, asked about his crimes. “He told me his side. He took money off of people who were rich and greedy and wanted more,” says Hay, who was released in December. People, in other words, who deserved it.

The idea that Madoff “carried” his investors or those in his employ, was echoed by earlier comments he reportedly made to another prison. Late last year, the Wall Street Journal reported that Madoff told Kenneth C. White, a convicted bank robber, that he “carried” his employees for years and felt that they had turned their back on him.”

In December, Madoff reportedly suffered a broken nose and fractured ribs in a prison fight. (It was initially reported that Madoff fell out of bed.)

Convicted of a decades-long Ponzi scheme, Madoff’s total take from investors is said to approach $19 billion

Read the entire piece at New York magazine here.

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Professor Mike

Professor Mike is a left-leaning, dog loving, political junkie. He has written dozens of articles for Substack, Medium, Simily, and Tribel. Professor Mike has been published at Smerconish.com, among others. He is a strong proponent of the environment, and a passionate protector of animals. In addition he is a fierce anti-Trumper. Take a moment and share his work.
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osori
13 years ago

I would imagine it’s far easier to convict and jail a Madoff than a Blankfein or a Dimon. Less messy, less ties to elected officials. Made people feel like a bad guy got what was coming to him. And it’s true, ONE bad guy did get it. But I’m with Tao, Madoff should move over and make room for several thousand equally guilty bastards.

13 years ago

He also duped a lot of charities not just rich people trying to get richer. Also a lot of people who had worked hard all their lives were going to rely on that money to retire with. Some of them were widowers who have nothing else.

The guy is amoral scum. He doesn’t know the meaning of empathy or feeling remorse. The problem is….there are huge numbers more just like him.

Tao
13 years ago

Okay, I think Madoff represents everything that is wrong with this country and he is a very disgusting man…

But lets be honest: There is a measure of truth in what he says.

Worldcom, the internet bubble, Enron, Madoff, real estate speculation, and mortgage default swaps.

Look at the Bush Tax Cuts, look at the USB tax scandal, look at the number of corporations that do not pay US taxes…

Madoff did give a bunch of very greedy people an investment that never lost money….

Did Madoff create the system or did the system create Madoff.

Yes, I know alot of people lost a lot of money to Madoff….I have been investing since 1981 and I have never had an investment that never lost money, and I always diversified….which translates simply to “what goes up must come down” and “don’t put all your eggs in one basket”

So, why is Madoff in jail and not one single person is being held responsible for the financial meltdown?

Will anyone at BP be held responsible for the gulf disaster?

13 years ago

What is the rationale of a 150 year prison sentence?

It just makes justice a joke.

Life imprisonment (meaning ‘life’) is one thing but 150 years?

American justice needs to get one.

Reply to  fourdinners
13 years ago

I think that it is because after serving a certain percentage of his sentence, he would be eligible for parole. Having a 150 year sentence will negate that possibility.

SJ
13 years ago

Madoff can say whatever he wants, he’s not free, he’s miserable and terrified. Madoff deserved more punishment than he got, but this will do, for now.

Nobody deserves to have their money stolen by a liar.
Madoff wrecked pension funds too.

People didn’t seek him out, he went after them, and the lie that nobody tried to blow the whistle on this prick on Wall Street is pure horseshit.
My advisor at Wachovia put him on a list of investment operations and funds that I and my fellow employees should stay away from at all costs in 2004. When people complained about him, Madoff went after them with his lawyers and threatened them every way he could, so his bullshit about being a kindly scammer who got into something that got out of control also doesn’t wash.
He got caught stealing. Period.
Bottom line, who gives on ratfuck what this guy thinks about what he did?
-He’s a lying, thieving sack of shit who belongs in jail with the most violent offenders, his crimes are no less damaging.
He now has to live with the fear that aside from being a mark for every ambitious piece of garbage in prison, the feds will eventually come for the “belongings” of his wife and kids… since they’re not really “their belongings” and wealth anyway.
-SJ

Jess
13 years ago

What a skeezy bastard. Not enough he duped all those people, but now he is boastful about it.

13 years ago

Just think Mike, he may set an online school for con men while he is in there.

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