Madoff admits $50bn fraud!

  last starfighter 14:18 12 Mar 09

anyone lost any money over this.?

click here

  GANDALF <|:-)> 15:10 12 Mar 09

Pope admits that he is Catholic.


  interzone55 15:20 12 Mar 09

He's looking at a sentence of up to 150 years.

Bernard Madoff is 70.

The BBC news says he's likely to spend the rest of his life in jail.

Well, unless he lives to 221, in which case he'll be free, but may well be institutionalised by then...

  newman35 15:21 12 Mar 09

in his luxury apartment. It's a hard life!!

  newman35 17:28 12 Mar 09

He had already pled guilty though - although I take your point.

  interzone55 21:43 12 Mar 09

"Under house arrest
in his luxury apartment. It's a hard life!!"

He was only under house arrest whilst on bail. He's now been jailed pending sentencing...

click here

  newman35 22:06 12 Mar 09

But he was still under house arrest when I posted, only later in the day was he jailed.

  laurie53 08:27 13 Mar 09

"He's looking at a sentence of up to 150 years."

That works out at about $3,3m per year.

Not a bad salary!

  interzone55 09:25 13 Mar 09

As soon as he admitted guilt his bail was revoked and he was jailed...

  interzone55 09:27 13 Mar 09

As well as the up to 150 years in jail he's looking at a possible $170bn in restitution payments.

I'd say there's as much chance of him paying that as there is of him serving the full 150 years...

  BIG Ben strikes 10 again! 14:35 13 Mar 09

I'd like to know what will happen to the money after he gets out.. oh er...

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