From Courthouse News Service:
A federal judge sentenced convicted Wall Street swindler Bernard Madoff to 150 years in prison for orchestrating the largest and most sweeping Ponzi scheme in history. Scattered applause broke out in the crowded courtroom after the judge issued the maximum sentence to the disgraced 71-year-old.
U.S. District Judge Denny Chin rejected a request by Madoff’s lawyer for leniency and said he disagreed that victims of the scheme were seeking “mob vengeance.”
Chin called Madoff’s crimes “extraordinarily evil,” and said it “was not merely a bloodless crime that takes place on paper but one that takes a staggering human toll.” He said the maximum sentence was important for deterrence.
Madoff addressed the victims before he was sentenced, apologizing to them and to his family.
He said he lives “in a tormented state now, knowing all the pain and suffering I’ve created.”
Were you that tormented before you got caught, Bernie? You know, when you were living in your penthouses and mansions and living the life of a king?
Madoff finally addressed the victims, saying, “I will turn and face you. I’m sorry. I know that doesn’t help you.”
Last week, Madoff was ordered to forfeit more than $170 billion to settle with the government. The order stripped him and his wife, Ruth, of all their personal property, including real estate, investments and $80 million in assets Ruth claimed were hers. She was left with $2.5 million after the order.
She was ordered to sell their estate in Palm Beach, Fla., a home in Montauk and the $7.5 million Manhattan apartment where she currently lives.
She should be left as destitute as her husband left his clients. Thankfully, this ain’t over yet.
In totally unrelated news…
For those who are old enough to remember, Farfel the talking dog used to sing the Nestle jingle. It went like this:
However, back in those days, we lived in caves and didn’t have anything fun to do other than rewrite tv commercial jingles. The new version went like this:
N-E-S-T-L-E-S … What comes out of your a-s-s? … chaaawwwwwclate.
As it turns out, we were not only clever little lyricists, but prescient as well! From THE CONSUMERIST:
USA Today is reporting that the FDA is “stumped” by the presence of E. coli 0157:H7 in Nestle Tollhouse Cookie Dough, which was recalled last week. How does bacteria normally associated with raw ground beef find its way into our buckets of delicious cookie dough?
E. coli sickness is usually the result of eating contaminated beef, especially ground beef, so it’s left everyone confused how this could happen in cookie dough. Bill Marler, a food safety lawyer who has litigated prominent E. coli cases offers, and rebuts, some hypotheses:
E. coli can contaminate milk; Wikipedia notes that it can get into milk from the udder or processing machines. It’s unlikely that Nestle was using raw milk, though, and pasteurization would kill the bacteria.
E. coli can also be spread through poor hygiene by someone with the bacteria in his system (say by eating undercooked hamburger). An employee who didn’t wash his hands after coming into contact with contaminated feces or anuses might be the source, but Marler doubts that it was an employee, given the size of the outbreak (illnesses have been reported in 29 states).
Marler notes that your typical dirty processing culprits, rats and mice, might have spread the bacteria, but warns that “always be aware that somewhere in the background likely lurks a cow.”
And while some may be tossing their cookies (from E. coli or from Marky Mark Sanford’s true confessions), there was good new today, too:
ST. PAUL, Minn., June 30 (Reuters) – Republican Norm Coleman on Tuesday conceded the tightly contested race for Minnesota’s U.S. Senate seat and congratulated Democrat Al Franken after a protracted recount.