New York, NY - Bernard Madoff's Brother Gets 10-Year Sentence |
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File photo of Peter Madoff. (AP Photo/John Minchillo, File)New York, NY - The brother of imprisoned financier Bernard Madoff has been sentenced in New York to 10 years in prison for crimes committed in the shadow of his notorious sibling.
Peter Madoff was sentenced Thursday after victims described their anguish at losing their life savings in the Ponzi scheme. The sentence was announced in a crowded Manhattan courtroom by Judge Laura Taylor Swain six months after Madoff pleaded guilty to conspiracy and falsifying books and records. He agreed then to serve 10 years in prison. It was four years ago this month that his brother revealed his multi-decade fraud that cheated thousands of investors out of their $20 billion investment. Bernard Madoff is serving a 150-year prison term.
Peter Madoff says he did not know of the fraud but committed other crimes.
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Read Comments (6) — Post Yours »
1
Dec 20, 2012 at 06:23 PM Normal Says:Report as Inappropriate
And that other guy get 27 years.
2
Dec 20, 2012 at 09:24 PM qazxc Says:Report as Inappropriate
“ And that other guy get 27 years. ”
"That other guy" didn't cooperate with investigators and went down fighting.
3
Dec 21, 2012 at 08:06 AM Anonymous Says:Report as Inappropriate
“ "That other guy" didn't cooperate with investigators and went down fighting. ”
Really, that's the difference. And you honestly believe so? That a person should be punished for protesting his innocence. I thought that right was guaranteed under the constitution.
I suppose you feel that the constitution does not apply to frum yiddin, like so many other anti Semites.
4
Dec 21, 2012 at 10:00 AM Phineas Says:Report as Inappropriate
“ Really, that's the difference. And you honestly believe so? That a person should be punished for protesting his innocence. I thought that right was guaranteed under the constitution.
I suppose you feel that the constitution does not apply to frum yiddin, like so many other anti Semites. ”
Actually, it is the difference. If you make the government go through the time and expense of proving your guilt, rather than cooperate, you risk a higher sentence. It has nothing to do with the race or religion of the defendant. Many frum Jews cop deals and do only a few years in a minimum security facility.
5
Dec 21, 2012 at 10:35 AM clear-thinker Says:Report as Inappropriate
“ Really, that's the difference. And you honestly believe so? That a person should be punished for protesting his innocence. I thought that right was guaranteed under the constitution.
I suppose you feel that the constitution does not apply to frum yiddin, like so many other anti Semites. ”
The can of worms opens again. If you wish to call me an anti-semite do so. This is not a statement as to what sentence smr should have received, but an attempt to explain why people get longer sentences after going to trial.
A person who pleads guilty saves the government the necessity of having a trial. Witnesses do not have to be called, which causes them inconvenience or worse. The prosecution does not have to worry about an acquittal. The cost of a trial is done away with. Once a plea is entered the case is over.
Defendants are rewarded for pleading guilty. If a person goes to trial by protesting his innocence (or for any other reason), he may be acquitted. The presumption of innocence stands, and that person goes free. If he is convicted he may get a lenthier sentence than he would have for a pre-trial guilty plea. The constitution does not guarantee that there are no consequences to "protesting his innocence".
Yes, the constitution applies to yidden, but only in the same way as to others.Notice that smr will appeal his conviction and sentence while the Peter Madoff case is finished. Should smr win his appeal he will be set free. If the verdict is affirmed he serves the time
6
Dec 21, 2012 at 02:00 PM Anonymous Says:Report as Inappropriate
“ "That other guy" didn't cooperate with investigators and went down fighting. ”
""That other guy" didn't cooperate with investigators and went down fighting."
Same thing with Weberman. He was given the opportunity of a great plea deal of 6 years. Instead, he will be serving life. Madoff at least helped the government and did apologize instead of blaming everyone else.