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Archive for June 29th, 2009

Adios Bernie: Judge Gives Madoff 150 Years, Says “Sorry Is Not Enough”

Well, 150 years is a lot, but quite appropriate. There’s no way to make up for the damage he did.

By Thomas Zambito, Jose Martinez and Corky Siemaszko
New York Daily News
NEW YORK — Ponzi king Bernie Madoff got the max Monday – 150 years in prison – for engineering a $65 billion fraud scheme that made his name synonymous with unbridled greed.

Manhattan Federal Court Judge Denny Chin threw the book at Bernie after Madoff finally apologized and told the court, “I’m sorry is not enough” after the swindler was savaged by the victims of his scheme.

“I have left a legacy of shame,” Madoff said after a dozen of his dupes begged a judge to let him rot in jail. “This is something I will live in for the rest of my life.”

Madoff also defended his wife Ruth, who while not charged with a crime has become a reviled figure in the tragedy.

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Victims Speak Out

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Federal Judges Beginning to Equalize Punishment for Crack Cocaine

This has long been one of the unfair disparities in sentencing. No question crack cocaine has plagued urban America and destroyed neighborhoods and lives. But should crack have ever been treated differently than powdered cocaine when it came to sentencing?

By Del Quentin Wilber
Washington Post Staff Writer
crack-cocaine-deaWASHINGTON — Federal judges are beginning to equalize punishment for crack and powder cocaine crimes, resulting in shorter prison terms for crack dealers and putting pressure on Congress to address a wide disparity in how the legal system handles cocaine-related offenses.

In two recent rulings and interviews, a federal judge in the District and one in Iowa said they had policy differences with Congress and a judicial commission that they said did not go far enough to change the guidelines for crack sentences in 2007.

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