Tuesday, June 30, 2009

Boo-Hoo


I just read that Bernard Madoff was sentenced to 150 years in prison for the fraud that he perpetrated against thousands of people going back to the early 1990's. The massive Ponzi scheme, estimated between $13.2 billion and $50 billion depending on who you believe, destroyed the lives of thousands when it took their life savings and ruined charities all over the world.

When asked at sentencing if he had anything to say, Madoff called his crime a "problem" and "an error in judgement." Ya think? His wife, Ruth Madoff, has been the target of some of the victims' anger since her husband's arrest while she continued to live her lavish lifestyle and kept quiet. She now says she was duped by her husband and was misled, too.

I saw a TV news report earlier this week saying she also has been financially ruined, and has been reduced to riding the subway to get around New York City. If that wasn't a staged photo op, I don't know what is. There she sat on the subway looking all sad and small. I imagine once the cameras were gone she just about jumped into a vat of Purell.

Today's report, however, says that even though the Madoffs were forced to give up personal property, real estate, investments and $80 million in assets Ruth claimed were hers, they left her with $2.5 million that they couldn't tie to the fraud. Oh, boo-hoo, only $2.5 million?? Poor dear.

Who needs $80 million and what does one do with such wealth? And I guess we should start thinking about a fund for poor Ruth because $2.5 million just isn't going to go far on her budget.

17 comments:

Alex the Girl said...

Feeling snarky much? What I could do with even a quater of a million! Poor thing even had to give up her 40,000 dollar animal fur coat that was hanging on her body. My heart is bleeding! Hey, on a seperate line of judgements being handed out, what do you think of the cheerleader's mom's friend that used a stunner on the coach that didn't accept the daughter into the squad? She was sentenced 5 years in prison. Too hard? Just right? Not enough?

Pam said...

Who knew it was so expensive to live in NYC. How many millions do you need to have in order to afford a taxi? Just wondering?

Anita said...

I'm not feeling too sad for the Madoff's either, the man was dirt! His wife will just have to learn to live a bit less extravagant.....heck I wish I had millions.........or as Alex said, think what I could do with a quarter million. If invested right............oh well I'm sure that's what those who trusted him thought......what an ass! sorry

Sandy said...

Snarky?! Oh I do love that word. Yeah, I'm feeling snarky and I'm certainly not feeling any pity for that bunch. How do people like that LIVE with themselves?? What? Did he think no one was ever going to catch on?? 150 years...throw away the key.

Sandy said...

Alex, a stunner? Five years for assaulting someone with a stun gun? Seems a bit harsh for what basically was like a punch in the mouth.

Tammy Howard said...

Millions are incomprehensible to me. 80 million? 2.5 million? It's all so surreal. And yet I manage to exist. Whoda thunk it possible?

I'm always reminded of Trump's ex giving advice to other women going through a divorce: "It's hard. You need to tighten your belt. You may need to let some of your staff go." (paraphrased, but the gist is correct)

kaye said...

oh my what a sorry turn of events for the poor dear.

BONNIE K said...

Well he needed some of that 80 mill to get favors from the call girls in his fancy address book. I never believe the innocent wife who says she didn't know anything.

Oz Girl said...

Poor Ruth indeed. I'm sure the world of real is going to be a huge adjustment for her. And I doubt there's a soul that will shed a tear for her.

Michele said...

Poor Ruth. She'll just have to learn to shop at a second-hand store. It is a little hard to feel too sorry for her.

Sandy said...

M, yeah, right....she'll be riding the NYC subway to Goodwill.....

Wolf said...

i hate when people complain like that. kind of like tori spelling who made me want to gag when i came across her show. she couldn't stop complaining about how she wanted to stay home with her kids but she had to support them, blah blah. she could stay home with them just fine if she didn't have such a lavish lifestyle. they don't even know what it means to live rough.

Sandy said...

Wolf, you are so right. I've got nothing to complain about but I'd still like to see one of them follow me around for a week. Let them see how real people live.

Ginger said...

Bernie, Bernie, Bernie..

It's too bad your genius was wasted.. I wonder what else is going on in that noggin.

Yesterday I saw people picking up litter on the side of the highway in 100+ degree heat, probably as a result of a community service sentence. None of them was a white collar worker; none of them was white. I thought to myself, "I wonder if Bernie is comfortable in his cell. Maybe he should work for the poor instead of simply sitting around in an air-conditioned cell, ruining people's lives."

The injustice continues..

Sandy said...

Oh, Ginger, you are so right....he should be required to do major community service but not some job where he still is apart from the rest of us. He should be required to work in a soup kitchen or something equivalent where he can be right upcloseandpersonal with people, REAL people, not those who live in ivory towers.

dadshouse said...

What Madoff did was horrible. I'm surprised they couldn't tie the 2.5 million. I wonder if they'll keep investigating and discover she was somehow involved.

Sandy said...

dadshouse, I wonder whether he made a deal to keep her out of it. Ruined a lot of lives, that one did.

 

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