Bernie Madoff’s Victims Want Justice

Bernard Madoff will go down in history as pulling off the biggest, most hurtful in terms of psychologically and financially, ponzi schemes in the history of the US. Once a respected fund manager, and even holding a top spot at the NASDAQ exchange, Madoff won a lot of followers with an investment that seemed to produce very consistent and fairly high but not so much so to create suspicion right away, returns for his clients.

Even though one man who studied his investments said there was no way he could have consistently racked up such great returns over the period of years he ran his scheme brought this to the attention of the SEC repeatedly, his please for a serious investigation were basically ignore. Hence, why we need a major overhaul of the SEC to make sure these types of schemes don’t undermine the investment world and shake investor’s confidence over and over again.

An news piece recently spotlighted the fact that many of Madoff’s victims, several of whom have basically lost their life savings and are devastated financially, want justice to be served and want that justice to be as swift and as severe as it possibly can be. In other words, they don’t want this guy getting off easily at some minimum security white collar prison that isn’t really like hard time at all.

His victims all feel that he should serve maximum prison time for swindling out of their hard earned money, many times up to thirty years worth of saving and investing, which were just gone in a dash. One person even said that their son’s college fund along with their life savings was wiped out because they believed in Madoff securities and thought they would also be protected from such an elaborate scam by the SEC, of which one email scoffed that obviously they were wrong on both counts.