Cheat Sheet

Huh?

"Madoff and the SEC have reached an agreement under which Madoff's will be permanently frozen ..."


Madoff's what?: -funds? -assets? -bank account? -ass?(!)

come on Daily Beast, it's all very well for you to take the best chunks of the news every day and deliver up a slice for us, but it would really help if you didn't leave out some of the important stuff - like, a word here and there in the first sentence of the above story so that it makes sense.

Madoff first needs to be put to work on writing a guid on how never to let this happen again, next turn States evitdence on everyone who was involved in this from the SEC & other government agencies. After the above, a one room apt. in NY should be where Madoff spends the rest of his life. He should be locked in as if in prison, no books, no TV, no phone, nothing but food drop offs weekly to be made in a micro. If the State is to support this man, put him into the place he put people into by his actions. No prison, just abstract poverty for the rest of his life.

There is a new one -- "Abstract poverty".

I love Martyz42's line "No prison, just abstract poverty for the rest of his life."

Sadly that would sound like justice, and law is about following precedents, as far as I can see there is not much about justice involved in the "rule of Law" these days, or even about protecting the rights of the investors, in this case.

If the rights of the investors had been SEC's primary focus, this scheme would have been discovered at the very beginning, because robbing Paul to pay Peter is still theft, and to lie about it is fraud.

During an independent external audit if performed competently based on principals and not on some fuzzy logic of following precedents, the scheme would have been exposed, without much fan fare, and Madoff would have been exposed years ago, dealt with, then forgotten.

One of the greedy suckers who got cleaned out was on TV crying for a Federal bailout. You can bet this will appear again and needs to be firmly quashed.

Madoff needs to be imprisoned for life, all assets seized, sold and funds divided EQUALLY among all who invested and lost.

And the same applies to all members of his family who ALL worked together in concert to pull off this fiasco.

What ever shortfall there is in restitution should be made direct by the SEC for their failure to listen to the whistle blowers years ago about this fiasco.

And certainly not Club Fed for any of this family, but real hard core prison with all the rest of the fellons!

typical. white-collar criminals getting away with murder. Happened with Michael Milken, now Madoff. Americans, we should be revolting in the streets.

To PhorpresBunny: the word "assets" was in the story (Madoff's assets will be permanently frozen) Maybe you need new glasses.

@jblum8156

Oh no it wasn't - maybe you need to be a bit quicker reading these articles and reading them before they get edited for the 2nd or 3rd time - then maybe you won't look a bit daft for calling other people out.

I take it that's the way you like to treat other people in general - go look at any cached page of this article, the missing word is there for all to see.

BTW, my eyesight is just fine, thanks. How are your computer research skills? Maybe you need to learn how to search for earlier editions of webpages?