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WTF Madoff??????

He gave his family and friends items worth 1 million dollars. They should lock him up and throw away the keys.

Answer Question
 
Anonymous

Asked by Anonymous at 11:49 AM on Jan. 7, 2009 in Politics & Current Events

Answers (5)
  • he did it because when all of his assets are liquidated to pay people back, he gave the jewelry away so that it wouldnt be taxed, because even if he goes to jail and gets out, he'll need money to start over with, and he could easily sell it or pawn it... he'll get his eventually, just sucks that there are so many people who have nothing.. its ok if your 30-40 something, you can rebuild, but what about the 70 year olds who invested everything and no have to sell their homes just so they can get buy for a couple of years.. very sad..
    sweetscrappin

    Answer by sweetscrappin at 12:49 PM on Jan. 7, 2009

  • Yeah really, he's made off with some more loot. Appropriate name what a coinkydink.
    Those were supposedly family heirlooms that did not really belong to him but the family unit. And he was insuring the fact his family members would keep them in the family regardless of what happens to him. Chances are pretty good the family will get to keep them. He's going to jail, regardless of taxes being paid or not. Taxes were not the issue.
    akinbottom2

    Answer by akinbottom2 at 12:57 PM on Jan. 7, 2009

  • ahh..rich people and their problems. In the end it all catches up with us one way or the other. No amount of money is going to keep him out of jail. So that experience alone shows that even the truly wealthy can get what is comming to them.
    frogdawg

    Answer by frogdawg at 1:35 PM on Jan. 7, 2009

  • And I will sit back and angrily await the bailout the victims will receive for it..They are rich and affluent and lost a lot of money so they will have pull with some of the lawmakers who will insert several billion dollars in some bill to bail them out. Call me crazy, but I truly see this happening. It doesn't matter who the president is at the time, but the taxpayers will end up paying for this. It always happens this way.
    Izsarejman

    Answer by Izsarejman at 1:36 PM on Jan. 7, 2009

  • man i wish that i was rich so i could get away with some crap. ok just kidding.
    mrssundin

    Answer by mrssundin at 1:55 PM on Jan. 7, 2009

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