Bernie Madoff behind bars |
Morning readers. this next post is probably something I should have adressed a while ago, but quite frankly felt that talking about him would be redundant because everyone knows what he did. I'm speaking of course, about Bernie Madoff, the man who pulled off the single largst ponzie scheme in United States history. This man took the entire life savings of some people and spent it on luxurious homes and cars, runing their lives when they found out the whole thing was just a joke. Madoff was able to pull off such incredible robberies because people believed that they were getting money from him, and he was a powerful and supposedly charismatic man. The new york times writes: "TO some, Bernard L. Madoff was an affable, charismatic man who moved comfortably among power brokers on Wall Street and in Washington, a winning financier who had all the toys: the penthouse apartment in Manhattan, the shares in two private jets, the yacht moored off the French Riviera. Although hardly a household name, he secured a longstanding role as an elder statesman on Wall Street, allowing him to land on important boards and commissions where his opinions helped shape securities regulations. Along the way, he snared a coveted spot as the chairman of a major stock exchange, Nasdaq. And his employees say he treated them like family." In the end, Madoff robbed over 50 billion dollars from people, and after his arrest on December 10, 2008, he pleaded guilty to 11 fellony counts that were added together for a 150 year jail sentence for a 70 year old man. For a time, there was a push to find a way to keep Madoff alive long enough for him to live out the entire sentence behind bars.
In an interesting way, Madoff reminds me very much of McMurphy from the novel One Flew Over the Cuckoo's Nest. This was a man who was charismatic, quickly becoming as referred to it "the bull goose looney," and through different activities like poker and making outrageous bets, McMurphy very qickly amassed a large amount of money from the other paients on the ward. Of course, McMurphy is also considered to be a hero and a martyr, where Madoff is neither. Also, while Madoff was put into jail for his crimes, McMurphy was already in a mental institution.
Randall Patrick McMurphy |
So, we could compare Madoff to Jay Gatsby from F. Scott Fitzgerald's The Great Gatsby. Both men were charming and important people, and both ammassed their wealth through an illegal means. However, gatsby did it to try and win the heart of Daisy Buchannan, whereas it is not entirley clear why Madoff did what he did, so no real conncection there.
Jay Gatzby |
I suppose, in the end, Madoff is simply a corrupt person whose greed eventually imploded on him, and now he is suppossed t serve 150 years in jail even though he'll most likely be ded before even a third of that time goes by.