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Bye-bye, Bernie

June 29, 2009 - Per Peterson
A judge on Monday called Wall Street swindler Bernard Madoff’s scheming ways “evil.” Then he sent the devil to prison, along with a 150-year sentence. Madoff, who swindled billions of dollars from his victims, will die in prison. He’s 71. His life is, for all purposes, over. Looks like justice has been served, and then some. But don’t even look at the number of years on the sentence. Instead, if you really want to imagine what’s going through this idiot’s head, look at the lifestyle change. I have no idea what the prison he’s going to will be like — I'm sure there's no hard-water deposits in the toilets — but it won’t be anywhere near the posh homes he’s forced to leave behind. He had a $7 million pad in Manhattan, an $11 million estate in Palm Beach and a $4 million hovel on Long Island. He also probably crashed aboard his $2.2 million boat every once in a while. Now he’s behind bars. Justice, sweet justice. The ruthless Bernie and his better half (better? it can’t get much worse than the half he represents, can it?) lived a life of luxury for years as he was stealing money from the rich and the poor. In court Monday, he pulled out the pity card, saying his wife “cries herself to sleep every night, knowing all the pain and suffering I have caused. That’s something I live with, as well.” He also pulled out another card — the understatement-of-the-year card — when he called his fraud, among other things, “an error of judgment.” An error of judgment, Bernie? Really? The best news that comes of this is he’s history now and hundreds of his clients can close this sad chapter in their lives, hopefully for good.


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