Monday, June 29, 2009

Bernie Madoff Finally Hears His Fate

A sentence was finally handed down today in a case that gained international attention as a symbol of the greed and corruption that sometimes go unchecked for long periods of time in our country. The packed courtroom and throngs of media waited anxiously to hear how long the mastermind of the largest Ponzi scheme in history, Bernie Madoff, would be spending in jail. Judge Denny Chin decided to give Madoff the maximum penalty of 150 years, as requested by the federal prosecutors in New York. Already seventy-one years of age, it is safe to assume that Bernie Madoff will spend the rest of his life behind bars. This will be a much different lifestyle than the one to which he became accustomed using all of his clients’ money.

Investigators have uncovered more than 1300 victims of Madoff’s investment scheme, with their losses totally more than $13 billion. This figure is likely conservative, as the damages are still being tallied and others who gave money to Madoff have until July 2 to report their own accusations of fraud. Judge Chin described Mr. Madoff’s crimes as being “extraordinarily evil” and a “manipulation of the system.” With this perspective, it is not surprising that the leniency of a twelve-year sentence, which was requested by the defense team, was not the decision of the court today.

While my three published novels center on the game of golf and the characters that spend their time at the Prairie Winds Golf Course, I also carry several ongoing commentaries and observations throughout my work. From the power grabs of local politicians to men who treat women as sexual objects to members of the banking industry who defraud their customers, I delve into some of the more unpleasant aspects of human nature. In fact, I believe you will find a few characters in Lifetime Loser, Finish Line, and Tuey’s Course who bear some resemblance to Bernie Madoff. I hope you will check out my work and let me know what you think of my social critiques!

No comments: