Madoff files appeal to get out of jail

[Starbucks Anarchist]

Source: Yahoo

NEW YORK – Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing. Madoff pleaded guilty Thursday to 11 felony counts including securities fraud and was immediately jailed. His lawyers filed papers with a federal appeals court Friday. The court papers were not immediately available.

Bail was revoked after the 70-year-old financier confessed to carrying out what may be the biggest fraud in Wall Street history. Madoff told U.S. District Judge Denny Chin that he was "deeply sorry and ashamed."

Sentencing is June 16. Madoff is facing up to 150 years, plus fines and mandatory restitution.

Read more: http://news.yahoo.com/s/ap/20090313/ap_on_bi_ge/madoff_scandal_appeal

[Beetwasher]

1. He's A Flight Risk If There Ever Was One

n/t

[rambler_american]

28. If they let him out

he's never comin' back. As much money as he has he can disappear anywhere he wants.

[WannaJumpMyScooter]

2. crazy talk willis

why plead guilty knowing you would go to jail then file an appeal?

[tangent90]

3. I'm offering odds he won't live til sentencing day.

...

[ShortnFiery]

25. Yeah, he'll go to the same place as good ole Kenneth Lay ... EVIL BASTARDS!

The only bright spot is my steadfast belief that all these evil clowns EVENTUALLY will be together in the 7th Ring of Hell for the duration.

[YOY]

4. "I'm sorry."

Apparently, no, he's not. At least not enough.

[bluestateguy]

5. Oh, here we go

nt

[truthisfreedom]

6. Put him on suicide watch. I want to see him live to face his sentence.

If anyone deserves to sit through one, he does. I have no doubt his plan is to do one of two things:

1] Flee in a dramatic escape to a country that has no extradition treaty with the US.

2] Suicide.

[ikojo]

40. The most likely place he'd go to and be granted automatic

citizenship is Israel. Does Israel have an extradition treaty with the US?

[avaistheone1]

7. It's hard not being in the 'hood any more.

Especially when you live in a multi-million dollar penthouse.

BooHoo! Whaaaaaaaahhhh!

:cry: :cry: :cry:

[Autumn]

8. Keep him in jail, he might have a heart attack

and that would be a damn shame.

[notadmblnd]

9. He hasn't even been there 8 hours

he needs to stay there.

[liberalla]

10. WTF?

WTF? / huh? / why? / How? //// would they ever think they could/should attempt an appeal??? how bizarre. I'm speechless...

??????????

Just say NO, Judge.

[greenkal]

11. Why is he allowed to even ask for that?

WTF!

[AZ Criminal JD]

30. It is called the Constitution. Learn to live with it.

[EFerrari]

39. lol

[global1]

12. Not Only Not Allow Him To Get Bailed Out - But They Should Go After All....

his assets and leave none to his wife and family. Maybe if others see that their families would be affected by their actions they would think twice before they would commit a crime like Madoff's. He needs - as well as his family - to be made an example of. I'm sorry if that sounds cruel - but - if these guys think that they can protect assets if they put them into their wife's or family members name - you will continue to see this happen again and again.

Does Ken Lay ring a bell?

[rollingrock]

15. That would only be fair

considering all the families he has destroyed and left penniless.

[Politicalboi]

23. If he were growing

Pot they would have taken everything so why not now. I agree they should take all of his wives belongings. His son's did turn him in. But it still needs to be investigated. He's only asking for the plea because Kenny boy did it and got it. But I think the difference is that Kenny boy didn't plead guilty. So hopefully he won't get out of jail.

[Submariner]

26. Justice would be Bernie in jail for life knowing his now homeless

wife is pushing a shopping cart around NYC picking up cans and bottles to cash in for her next meal....that goes for the sons also.

[AZ Criminal JD]

31. That is Middle Ages thinking

You are saying a woman is an appendage of a man and nothing more. She has a right to her own finances.

[oedura]

35. Chances are his wife was involved or at least had knowledge. (nt)

[hugo_from_TN]

36. Perhaps it would be best to prove that before convicting her.

Bernie fooled a whole lot of very smart people for a long time. Is it impossible to think he might have fooled his wife also?

[oedura]

45. These people have no shame.

So, yes, it is impossible for me to believe that.

[rollingrock]

13. Let him out, he pulls a Ken Lay

fakes his own death before fleeing the country.

[wackywaggin]

14. Madoff 's still at their crimes!!

Check out www.batstrading.com and find out some interesting stuff about the stock market and a fellow named Eric Swanson, Shana Madoff's husband and former SEC compliance chief,and who is now vice president of this stock exchange firm.

Hang em'High!!

After going to website click {About} tab
Then {Management Biographies} tab and wala!! Eric Swanson one of the Madoff Clan!!

[Hannah Bell]

37. Interesting. Started up in 2007 & took 9% of trading in 1 year...Deutsche Bank & Morgan $$$

TESS VIGELAND: Everything's up to date in Kansas City. So the song says. That's certainly true as far as electronic trading networks are concerned. You've heard of the big boys -- the NASDAQ and the New York Stock Exchange. But in Kansas City, an upstart network equipped with even more up-to-date technology is gaining ground on the big players. In just a year it's become the third-largest market center in the U.S. This week, Deutsche Bank and JP Morgan said they're both buying in. From KCUR in Kansas City, Sylvia Maria Gross reports.

SYLVIA MARIA GROSS: Mention the words electronic trading system and most people think of the first, and the biggest: NASDAQ. The exchange opened in 1971, and it's stayed on top ever since. But there's a problem with being a frontrunner: complacency can set in.

JOE RATTERMAN: The Street was looking for alternatives and so we filled that gap.

That's Joe Ratterman. He's CEO of a small exchange called the Better Alternative Trading System, or BATS. BATS is based in Kansas City, a thousand miles from Manhattan. But in just one year it's managed to poach 9 percent of the market. Today it's the third-biggest stock exchange in the U.S., after NASDAQ and the New York Stock Exchange.


http://marketplace.publicradio.org/display/web/2008/01/10/bats/.

[CountAllVotes]

16. bad night in jail Madoff?

you deserve it you freak!

:kick:

[FailureToCommunicate]

17. Give him Martha Stewart's old cell. Maybe he'd find it more to his liking. Might

need to freshen up the potpourri a bit though...

[goclark]

42. I forgot Martha! Thanks for reminding me.

Now that time has passed and Martha is making money again, refresh my memory.

In light of what we now know about Wall Street,on a scale of 1-10, how guilty was she compared to this low life scum crook?

[FailureToCommunicate]

43. Well, Martha was found guilty for insider trading that only helped her, and got

caught and made an example of. Compared to Madoff and MANY others on Wall Street who didn't get caught squandering billions of other people's money? Well, fill in your favorite metaphor:
dust speck, E.L.E asteroid; bb,boxcar; flea, mountain lion...

[onethatcares]

18. have you ever pled guilty to anything?

and then told the cops you want to get out of jail due to being sorry?:rofl: WTF did his attorneys think was gonna happen? Bernie gets to say, "sorry", then goes home for a cocktail?

What grounds would they, could they possibly have? That he wasn't aware of the nature of his crime, that he's remorseful, that he's so full of crap and thought the money he stole would keep him on the street?

I wish we had a "F him" emoticon.

Peace

[AZ Criminal JD]

32. Being out on bail awaiting sentencing is not unusual

In fact it is usual with these type of crimes.

[wackywaggin]

33. For the size and scope

of the Madoff clan's theft, yes it is!!... Sounds like you are a Madoff mole!! Maybe one of Eric and Shana Swanson-Madoff's friends or relatives hoping they will stay out of jail as well.

[AZ Criminal JD]

34. No, I keep people out of jail. I have no worries about going there myself.

[jmowreader]

49. It is, but it's inappropriate in this case

Only two things could possibly happen with Bernie if he's ever let out of prison before he serves his full sentence: he hauls ass for Israel, where the Law of Return will allow him to claim immediate Israeli citizenship (and total immunity from extradition)...or he fakes his own death. If he was released he wouldn't stick around to see what the court would do to him. He KNOWS. They call it "throwing the book at you."

[Hulk]

19. uuuummmm....he pleaded guilty, right? I mean....HE agrees that he is a crook??

So, why the hell should he NOT be behind bars???

Forget it Bernard, you f*cking idiot. Hope you enjoy the rest of your f*cked over life. There are millions of US out here sharing your pain...you prick!

[wackywaggin]

20. Maybe he is coming to the realization of what he did.

Myself, I would rather be dead than in prison. After spending a weekend in a solitary confinement jail cell for a DUI( Driving under the influence of alcohol) when I was 18 years old, many years ago, i learned that jail was a place that I never wanted to go back to!!...Madoff might want to remember some of his boy scout techniques for tying knots!! :smoke:

[Demobrat]

29. No, he's coming to the realization that prison sucks.

I spent one night in Cook County Jail (Chicago) when I was 18 for underage drinking and having a fake ID. Talk about scared straight.

[depakid]

50. It's just a perfunctory filing

that any decent lawyer makes as a matter of course.

[Dappleganger]

21. Madoff: "I'm too rich to fail!"

[truebrit71]

22. Um...Bernie? You already pled guilty....Get over it.

...Idiot...

[ShortnFiery]

24. Good luck with that you corrupt jerk.

:thumbsdown:

[Akoto]

27. Correct me if I'm wrong, but even if he DID get bail ...

Wouldn't he be paying it by way of stolen money?

If I were Madoff, I'd be happy to stay safely locked in that prison. Thousands of people were left destitute as a result of his scheme, and I suspect more than one of them is quite angry.

[excess_3]

38. Bernie, welcome to Florence, Colorado ..n/t

[Deja Q]

41. I agree! Let him out of jail.

For what he has done, he can go to Hell. Slowly too.

And DUers think the death penalty is immoral and repugnant for the twisted sick individuals that do this level of hurt to so many people? The number of people that this (I'm not calling him "man") has put into undeserved hardship; a fate worse than death?

[sarcasmo]

44. He thinks he is above the law because of all the money. Rot in prison you Greedy FUCK.

[Vinca]

46. Poor Bernie, one meal of canned string beans and nuked chicken patties

and he wants out. Sorry, pal. You can look forward to the creamed corn and bologna sandwich.

[Zavulon]

47. If I were in charge, the headline would read "Madoff files appeal to get a meal in jail."

Fuck that asshole. I really hope he hangs himself in jail or that someone helps him do it. I loathe scum like him.

"Deeply sorry and ashamed," my ass.

[christx30]

48. I say let him out

and into a convention of Madoff victims.
Hilarity will ensue.

[New Dawn]

51. That fucker should not even be allowed out of jail for his own funeral.

Flush his ashes down the toilet!