Madoff Scams 50 Billion, gets House arrest in 7 Million dollar Apartment

Bernard Madoff, accused of the largest fraud in U.S. history, will be allowed to remain in his $7 million Park Avenue apartment instead of being sent to jail, under terms of an agreement announced today by federal prosecutors.

This Scumbag, Madoff, scammed over 50 Billion with his Ponzi Scheme, wiping out scores of individual investors Life Savings, yet he still gets to stay at home in his posh New York Apt.

While the defrauded investors are left with NOTHING. Many hard working Americans are left DEAD BROKE at ages in their lives where its very difficult, if not impossible to get this money back.

Yet here is Madoff, laughing, yet BOASTING about ripping off tons of innocent people.

Bernard Madoff Investment Securities was the 23rd largest market maker on NASDAQ in October, handling a daily average of about 50 million shares a day. The firm specialized in handling orders from online brokers in some of the largest U.S. companies, including General Electric Co. and Citigroup Inc., Bloomberg News reported.

But on Dec. 10, Madoff allegedly told senior employees at his firm that his entire business was a fraud. According to the federal complaint, Madoff told those employees that he was "finished" and that "it's all one big lie." Madoff estimated "the losses from the fraud to be at least approximately $50 billion," the complaint states.

Here is the kicker, if you get caught shoplifting diapers and baby formula from Walmart and are not be able to post bail, you can bet you'll be cooling your heels in the county jail. Steal $50 billion from friends and if you're a Wall Street big wig with connections you go to your $7 million apartment.

My question is: Where did Madoff stash all that money??

His assets need to be seized and Madoff needs to be taken from his fancy apartment, in handcuffs, and sent directly to jail until the trial. Then sell off ALL his assets and repay those who were defrauded.

Here is the bottom line: The rich have their justice system and the poor has another. The idea that justice is blind is a joke. Judging and punishing men and women differently based on there riches will lead the people to the streets one day demanding a revolution to bring equal justice to all.

Jimbo