Bernie+Madoff+My+Opinoins



The claw back : I think that the claw back is the right way to gain back the money that the investors lost in the scheme. As a part of the claw back, the investors that made money are forced to return their earnings. This sounds fair, but what if one of the investors that made money used the money to build an orphanage. How is the investor supposed to return an orphanage? The claw back is well intentioned but has a few flaws.

The Ponzi scheme : I think that the ponzi scheme is just another get rich quick scheme. On one hand the investors should have been more cautious about who they were giving their money to. Also seeing that Madoff was making very high percentage investment returns during a time when the U.S. economy was very bad, investors should have been more suspicious about what was going on. It just proves that if something seems to good to be true it probably is.

Madoff's prison sentence : I think that Madoff completely deserves to spend 150 years in prison. I think it was absurd of Madoff's lawyers to think that the judge would even consider sentenceing Madoff to only seven years. Even though seven years may seem like a long time it is very short compared to most prison sentences. Madoff got what was coming to him.

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