Bernard Madoff is 70 years old

On April 29th he will be 71 years old.

It looks like Bernard Madoff is going to plead guilty to securities fraud, investment fraud, mail fraud, wire fraud, money laundering, false statements, perjury, false filings with the SEC, and theft from an employee benefit plan. There is no official plea agreement.

On April 29th, Bernard Madoff will be 71 years old.

He will face a maximum sentence of 150 years, mandatory restitution and fines up to twice what he gained from his behavior. He has to forfeit any proceeds or properties involved.

On April 29th, Bernard Madoff will be 71 years old.

Last November, Madoff’s company had 4800 clients and issued statements totaling $65 billion. Only a fraction was actually held. He stole over $50 billion dollars. He is expected to go to a plea proceeding where he will plead guilty.

On April 29th, Bernard Madoff will be 71 years old.

Bernard Madoff has ruined people’s lives, destroyed retirements, caused small companies to topple, taken away children’s chances of an education and has quite probably impelled some people to kill themselves.

I have only seen him in pictures, but the man doesn’t even look like he’s in the least bit sorry. Frankly, he looks a bit smug. For a few years in prison, and I’ll wager it’s not the same prison some ghetto kid goes to for boosting a $1500 car, Madoff had one heck of a run at the good life. 150 years indeed.

On April 29th, Bernard Madoff will be 71 years old.

We have no real way to impart justice to this man. There can be no genuine restitution from what little he still has, and he will certainly not have the means to earn anything even remotely capable of paying it back.

He will go to prison, and he will die there. But there will be no true justice.

Justice lost this one.

On April 29th, Bernard Madoff will be 71 years old.