I think it's a bit too much of a grand gesture to place that kind of a sentence on a single person (especially one his age already), and not enough to distribute the punishment to the other people who, undoubtedly are also at fault.
Had a similar case here some weeks ago, though not as big a case. The guy got 8 years, which was higher than the usual sentence for those cases, but lower than the prosecutor wanted.
Now that I think about it, a lot of Madoff's clients actually committed suicide after finding out that they were investing in a fraudulent scheme.
Madoff did cause all of that money to be lost, and sure, he does deserve jail time. People may have gone suicidal due to their lost money, but Madoff should not be blamed due to the causality. In this case, the event of losing money is the trigger of performing suicide, not Madoff making them lose money.
In this case, the event of losing money is the trigger of performing suicide, not Madoff making them lose money.
So Madoff caused them to lose money which caused them to commit suicide but Madoff had nothing to do with them commiting suicide? This doesn't make sense to me.
So Madoff caused them to lose money which caused them to commit suicide but Madoff had nothing to do with them commiting suicide? This doesn't make sense to me.
Like the twelve people committing suicide after MJ's death. People does not just commit suicide, they will have to have had some kind of ongoing idea of it, and the loss of money is the trigger, because they now are poor and therefor have no reason to live. That they were stolen is not as important, because it is the loss and not the reason for the loss that makes them want to die. People without this suicidal feeling will get through the hard time by thinking about they still have their life and family and all, and does not even think about committing suicide, therefor they focus on the man stealing.
but each sentence, is made so that if he somehow is paroled, it would still be impossible. I've seen people with a 260 year sentence, but they are paroled after serving 60 years, the guy is like 80 something now. But each sentence they place on madoff adds to his increasing sentence time.
You know what I think is funny, those people's lives would not have been ruined if the ponzi scheme kept running lol. People only get their lives ruined when the cycle is stopped. Other than that, it was a great investment for a lot of people while it was running.
For those of you who don't know a ponzi scheme is when for example in this case he would get money from people with the promise of returning it with a certain percent growth. Normally a person would invest this money in the stock market, companies, funds, etc. but instead he would pay the people back with the money from new people investing in him. So at all times he wouldn't have enough money to pay everyone back if they wanted it, but he was able to pay the previous investors back with the increase he promised, and then would get more people to join or invest to pay the next guys up the ladder. When it all ended there wasn't enough money to pay everyone back.
So Madoff caused them to lose money which caused them to commit suicide but Madoff had nothing to do with them commiting suicide? This doesn't make sense to me.
That's how it is in the current legal system. One law was created after a person died from a car accident, but to which the cause of death could not be blamed directly. The other person involved was at fault, but was not put on trial for having killed someone. Madoff cannot be legally blamed for the suicides, since the cause of death was not directly due to the losing of the money.
Hmm. It's more difficult to explain than I thought.
I get it now. There's an outlined difference between motive and cause of death.
Kind of. Let me go into it in a bit more depth:
X caused a car accident, due to which Y ended up in hospital. His condition was fine, nothing really life threatening. Y died due to an illness he was suffering from, which was triggered due to the car accident (this was proven). Did X cause the car accident? Did X kill Y? No. X broke the rules, and he was rightly punished for it, but you cannot blame X for the illness Y had. This is all about causality and how far you can take it. Y ended up in hospital due to X, and X is to be blamed for this. The causality from the car accident to Y's illness triggering should not be blamed on X, particularly because this is something that is unaccounted for, and because it cannot be directly related to X.
well he is a criminal and even if it seems he didn't kill anyone, he is still a criminal making people misery, and forcing them to suicide witch lead that to him actually killing people.
and not enough to distribute the punishment to the other people who, undoubtedly are also at fault.
Yes indeed there is a lot of people that made the same thing as him, but it's really hard to catch them. But i really think we should find more people that committed the same crime
