Madoff's Fools Get Vengeance at Taxpayer's Expense...Why the Madoff Sentence is Unfair to the Rest of US

Denny Chin an otherwise pretty good judge really screwed the rest of the people that Wall Street cheat Bernie Madoff didn't screw over. By sentencing Madoff to 150 years, Madoff now spends the rest of his life living off the public. We take care of his room and board not to mention his health till he eventually meets the true God of Justice. How is this fair???

Look. Madoff was one of the worst (or best I guess) swindlers in history. However, the people he swindled, wanted to be swindled. They did nothing to investigate his "success" they only wanted his big gains.

The more he delivered, the more they delivered. While the market was tanking, Bernie was paying off. Didn't they wonder how? Did they really believe he was infallible?? Why should their bad investment now cost the rest of us over 50K a year?

Look I am not advocating for a soft sentence for Madoff, but it costs thousands more to imprison an older person than a young one. Health care being what it is, he will be treated better than 15% of Americans, on our dime!! Couldn't a message have been just as well sent to senior citizens who commit crimes that we will take back all your money and stick you in jail for your last few decent years and then throw you back on your family when you are about to rot over?

Why do I and most of my friends and colleagues have to worry about taking care of our elderly parents when his kids besot with illegally gained funds since their early years get to know they won't have to part with a freaking penny to take care of the old cheat who helped them get their money??


Lest you think I am alone in this thought, none other than Professor Steven Bainbridge appears to agrees.

Sorry Judge, you made a bad error. First, no one is deterred from crime by jail, criminals do not think they are ever going to get caught. (By the by, most investors who get into scams also do not believe that their scam is a scam and that they will be ripped off...)

Second, you sentenced the rest of the taxpaying part of America all because a bunch of supposedly savvy investors weren't so savvy and made a bad deal. Maybe all these so called investors who now feel that they are somewhat vindicated ought to pay for his stay in the Federal prison. After all, if putting him in jail for the rest of his life is supposed to vindicate them, they ought to pay for it.

I have been cheated, more than once. Mostly by people who promise to pay bills and then don't or can't. The government doesn't bail me out nor does it go around and claw back money for my fees. No one puts those that cheat me in jail for the theft of service. Why do Madoff's fools get some money back and get their vengeance on the taxpayer's expense?

Image Hattip: Mario Piperni dot Com

Seems We White Collar Criminal Defense Attorneys Are a Hot Date Commodity. Why? Cause we are IN DEMAND. Who Knew? You Should!!

I found this little tidbit about finding wealthy guys for "gold digging" girls. It says that if you want to find wealthy guys hang out with lawyers...But not just any lawyers. No only Bankruptcy and White Collar Criminal Defense Lawyers. I just told my wife I am a hot commodity... she seems somewhat shall we say nonplussed...

Whether of not you are a "golddigger" White collar criminal defense lawyers are a good group with which to hang out. They are bright tough, and if you get one that is not afraid to try a case, interesting. The best of us know that the most important thing we can do is keep our clients out of the paper and unindicted. Hence the time to find a White Collar Criminal Defense Lawyer here on Long Island or in New York City, is as soon as you realize you could be (not may be or are) in trouble. Often you will be surprised to learn how few Nassau and Suffolk County Criminal Defense Lawyers are really White Collar Criminal Defense Lawyers. You need a Criminal Lawyer who is just as comfortable in State as in Federal court and you need one who knows how to conduct a money investigation as well as handle the criminal courtroom and the public.

I have taken on Ponzi scheme cases, as well as stock frauds. wire and mail frauds, and of course their by-product money laundering cases. I know that handling the press and getting a good face on the client in the court of public opinion is very important. Hence we work with our own Public Relation staff, media people and social workers to present our client well in the media and to the court. Judicious use of jury selection experts and a team approach to investigation and trial is another key aspect of what I think makes my firm different from most other Long Island (and even many New York City) White Collar Criminal Defense firms.

An additional worry for many White Collar Defendants is that even if they survive the criminal prosecution, they face lower standards for losing their licenses. Lawyers, Brokers, CPA's and even Notaries need to look for lawyers who have handled not only criminal cases, not only White Collar Criminal cases but also lawyers who have appeared before Grievance committees, NASD and SEC boards and the state education department. They need to find attorneys who have helped others hold onto the licenses after those individuals have been accused or even investigated for crimes.

Now a sentencing expert is not going to help Bernie Madoff too much. But when a White Collar Criminal Defendant is looking for a criminal defense team, especially in the federal Second Circuit (which encompasses New York Brooklyn Queens Nassau and Suffolk Counties), they should also be concerned with how much that trial lawyer knows about the Federal and State Sentencing guidelines. Working the guidelines and understanding the cases (such as Booker and FanFan and their progeny) is a key to avoiding lengthy prison sentences.

In all, I really enjoy working on White Collar Criminal Defense cases in New York and on Long Island. They provide a tremendous legal challenge and a personal challenge too. They require I reinforce to the jury that the clients are not bad people and that they are the same as those before whom they are called. They are just men and women who were trying to make an honest buck when a roof caved in.

It is also important to keep before the jury, that it is not the job of the white collar defendant to stop people from making mistakes with their money, it is their job to offer legitimate opportunities, explain the risks accurately and then let the chips fall where they may.

If you or someone you love is charged with a White Collar Crime whether in New York City or in Nassau or Suffolk counties, I would love to consult with you, or them, about it to see if we may help.
You can call us at 516-741-3400 24/7or reach out to us on this blog.

Maybe You Are Wondering Where I Am.

I have not posted for nearly 10 days. I have a bad habit of going on "walkabout". I get the urge to write and then after a month or so, it goes away, I have little new to say or too little time to say it well.

I am in the second phase now. I have too little time to say what I want to say well. I am not sure who said it first, but I think it was Winston Churchill who said, " I am sorry for the long letter but I didn't have the time to write a short one." It takes time to write well. I do not write as well as others.

I have also been tied up with the case of the AGAPE WORLD INC. alleged Ponzi scheme. I am representing one of the Vice Presidents of the company and the man who called the authorities on behalf of his fellow VP's and employees of Agape World when he confirmed the President of Agape Nicholas Cosmo was stealing and running a Ponzi Scheme. I hope to have a lot to say on my blog this weekend on this matter. Meanwhile, I am thankful for the folks who follow me on Twitter and who call or send notes or e-mails wishing my client and I good fortune. I may add a few links later.

For anyone who is interested you can see me speak on Criminal Motion Practice at the Young Lawyer Section of the NYS Bar Association tomorrow from 9:30 to 10:30 in their CLE Bridge the Gap seminar. It is a highly attended seminar and I think you may enjoy it.

I will be back in a couple of days.

Our Sister Blog "Long Island (Criminal) Trial Law" : Why Wall Street White Collar Defendants Need Main Street Criminal Defense Lawyers

With the new administration, and the recent Drier and Madoff scandals leading the way, White Collar Prosecutions are sure to be on the rise. Over at Long Island (Criminal) Trial Law, we are discussing how Main Street Criminal Defense Lawyers are the right solution to Wall Street White Collar Defendant's problems.