4 ms·
Madoff is a spectacularly bad example here. He was arrested Dec 11 and plead guilty on March 12 of the following year without even attempting to plea bargain.
by fr0sty 14y ago
Madoff is a spectacularly bad example here. He was arrested Dec 11 and plead guilty on March 12 of the following year without even attempting to plea bargain.
- 1337biz 14y agoAny guesses on the reasoning behind that?
- pge 14y agotrue - I didnt mean to hold him as an example of overwhelming the prosecution with his resources (just as an example of the type of white collar crime I was referring to). He is, however, an instructive example in a different way - $1B of the assets that he stole have never been found. DOJ lacks the resources to trace the complex paper trail to figure out where it went (as a DOJ friend of mine said, "The money can always move faster than we can"). So, while he was convicted, someone somewhere is really, really rich, and the feds don't have the resources to recover the capital and return it to the victims.