Madoff: Plays with toys in room and STILL made offTuesday, January 13th, 2009
Types of Wealth gained in this post
…taking the proceeds and putting them into a “recovery payback fund” for the victims. The victims would split the new “Madoff Payback Fund” based on percentage of their share of the $50 Billion they were screwed out of.
Wow, let’s see… Madoff rips people off for a sum of over $50 Billion, proceeds to Violate his bail terms, then he gets sent on House Arrest until trial as an unsecured bond posting requirement. Also, the general “word on the street” from most people is one of 100 percent indifference. Ok, this sounds a lot like sending a kid to their room for punishment, but the kid has XBox 360 (newest video games), a big screen TV, and a frickin Moon Bounce in their room!
How is this remotely fair treatment for $50 Billion worth of money stolen/lost? Did it not occur to anyone that the guy’s HOME might be his own private sanctuary? Maybe, just maybe he hooked up his several properties with some fairly elegant & expensive furnishings and luxuries. To top it off he’s been sending off his assets to family members, directly Violating his bail agreement…or does this all not really matter because 1) He’s rich and 2) He “only” ripped off other rich people?
If someone were to steal a $6,000 LCD TV from a retail store, the general outrage would be far greater than this.
How would I handle this situation? Well for starters, Madoff would be immediately forced to start turning in his assets (he DID cold faced ADMIT to the crime, he’s definitely not stating any innocence in the crime). With his assets, I would go straight to auctioning off his items, then taking the proceeds and putting them into a “recovery payback fund” for the victims. The victims would split the new “Madoff Payback Fund” based on percentage of their share of the $50 Billion they were screwed out of.
Who would I bring in as enforcers to help oversee the proper “recovery” of Madoff’s assets? Well, the names on my “hit squad” list would certainly be Suge Knight, Bill Romanowski, Kimbo Slice, and yes, Dick Cheaney. Ok, we all know Suge Knight is a menacing figure weighing in at over 300 pounds, and virtually instilling fear into all of the music industry. Romanowski is a crazy ex-NFL linebacker, most recently for the Denver Broncos and Oakland Raiders. Steroid use and 2nd-hand reports of Romo purposely seeking to break other players bones on every play, that’s enough for me. Kimbo is the internet-fighting-machine sensation, turned ultimate fighting bruiser. And last but not least, Dick Cheaney. Invasion/Raiding of Iraq, Haliburton Goonies, and Economic Takedown of America… I need to say no more in terms of a terrifying figure.
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