CRIME AND CRIMINALS : LAW: CASES: DECISIONS: Bernard Madoff: 'I Will Turn and Face You'

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CRIME AND CRIMINALS : LAW: CASES: DECISIONS: Bernard Madoff: 'I Will Turn and Face You'

David P. Dillard
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CRIME AND CRIMINALS :
LAW: CASES: DECISIONS:
Bernard Madoff: 'I Will Turn and Face You'



Bernard Madoff: 'I Will Turn and Face You'
In the courtoom, victims get a chance to tell their painful stories but
just one moment to stare down the schemer.
CNNMoney.com
By Nicholas Varchaver, senior editor
Last Updated: June 29, 2009: 5:00 PM ET
Fortune
<http://money.cnn.com/2009/06/29/magazines/fortune/
bernard_madoff_faces_victims.fortune/?postversion=2009062916>


A shorter URL for the above link:


<http://tinyurl.com/ndmmx6>



NEW YORK (Fortune) -- There was undeniable drama inside the ceremonial
courtroom on the ninth floor of the federal courthouse in downtown
Manhattan this morning. Cheers and applause burst out when federal
district judge Denny Chin sentenced Bernard Madoff to 150 years in prison
for the massive Ponzi Scheme he had committed.


<snip>


Some of their accounts were harrowing, and you could hear sniffles in the
audience. Since being wiped out, Miriam Siegman told the courtroom, "I
live on food stamps. At the end of the month, I sometimes scavenge in
dumpsters." She went on to explain that she occasionally has to forgo her
heart medication and has been reduced to washing her laundry in the
kitchen sink and gathering discarded cans to redeem at five cents each.

Other victims vented their rage. After requesting the maximum sentence,
victim Tom FitzMaurice read comments from his wife, Marcia, that would
seem to cut deeply for a family-oriented person such as Madoff: "You have
two sons who despise you...You have left your children a legacy of shame."


<snip>


When Madoff spoke he also faced the judge, away from the audience. His
tone seemed to suggest he didn't expect anybody to credit his words:
"Nothing I say can correct the things I've done."

For seven minutes, clearing his throat repeatedly, Madoff read from a
prepared text. He told how he had lied and misled his brother, his sons,
his wife, his employees, and his investors.


<snip>


Like everyone else, I feel betrayed and confused. The man who committed
this horrible fraud is not the man whom I have known for all these years.
In the end, to say that I feel devastated for the many whom my husband has
destroyed is truly inadequate.



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The complete article may be read at the URL above.





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