Thursday, March 19, 2009

Justice was served in a New York courtroom March 12. The epic scam artist Bernard L. Madoff has been sent directly to jail after pleading guilty to 11 felony counts and after cheating and bilking his investors out of more than $65 billion (“Madoff in jail, victims left in cold,” Page 1, Friday).

More remains to be done, however. Madoff should be forced to name any family members and accomplices who helped him carry out this elaborate swindle of billions of dollars from unsuspecting investors, who lost their life savings in a Ponzi scheme.

These victims need the government to find out where the money is. Madoff’s family members have no right to keep any of these funds until all of the victims have been reimbursed for their catastrophic losses. Madoff has argued that his wife should be allowed to keep millions in assets. This money instead should be used to reimburse the victims - now.



Copyright © 2022 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.

Click to Read More and View Comments

Click to Hide