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Wednesday, Bernard Madoff requested leniency through his attorney Ira Sorkin, who suggested a sentence of 12 years would be a sufficient penalty for his client's crime of stealing billions of dollars in one of the greatest frauds in history.

Sentencing by U.S. District Judge Denny Chin is set for Monday June 29, and the eyes of the world will be upon him. So will the eyes of the yet-to-be discovered fraudsters everywhere.

My thoughts on the subject are relatively simple and have little to do with revenge or payback. In cases like this I often remember a very old quote from another time and place.

Continue reading Bernard Madoff is a horse thief: Sentencing set for June 29

Bernard Madoff is a horse thief: Sentencing set for June 29 originally appeared on BloggingStocks on Wed, 24 Jun 2009 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bernie madoffBernieMadofffeaturedfraudhedge fund collapsehedge fund managersHedgeFundCollapseHedgeFundManagersJudge Denny ChinJudgeDennyChinMadoffMadoff sentencingMadoffSentencingSheldon LiberSheldonLiberwall streetWallStreetwhite collar crimeWhiteCollarCrimeWed, 24 Jun 2009 18:30:00 EST