American Morning

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June 29th, 2009
11:01 AM ET

Victims: Life term for Madoff

Bernard Madoff will step into a federal courtroom Monday morning to hear his sentence for running what appears to have been the biggest investment fraud in history.

Allan Chernoff has been covering the Madoff scandal from the start and reports victims who lost virtually everything to Madoff want the court to show no mercy.


Filed under: Crime
soundoff (4 Responses)
  1. HUGO ZAMORANO

    NOTWITHSTANDING THE PRISON SENTENCE, AS LONG AS THE MONEY STOLEN IS NOT FOUND MADOFF WILL BE GETTING THINGS HIS WAY. A FRAUD OF SUCH HISTORICAL MAGNITUD ($ 65 BILLIONS) CAN'T BE CARRIED ON FOR YEARS BY A SINGLE INDIVIDUAL. PART IF NOT ALL THE COVER UP MUST HAVE INCLUDED IN ONE FORM OR ANOTHER THE PARTICIPATION OF MANY PEOPLE AND THE OBVIOUS SUSPECTS MUST INCLUDE THE WIFE, THE SONS, OTHER FAMILY MEMBERS AND SOME EMPLOYEES. wHATEVER THE CASE, THERE IS NO DOUBT THAT MANY OF THE SUSPECTS ENRICHED THEMSELVES WITH FRAUDENTLY OBTAINED MONEY AND, IF THE ARE INOCENT, THEY SHOULD GIVE IT AL UP TO BERNIE'S VICTIMS.

    June 30, 2009 at 12:10 pm |
  2. Lorenzo

    Though Madoff's victims have certainly suffered, it was difficult to have sympathy for the woman interviewed on amFIX, who started losing me when she said she had given her entire life savings, plus a (apparently substantial) inheritance, to Madoff to invest. What's that adage about putting all one's eggs in one basket? This woman was a sucker waiting for a con artist to come along. Then, she totally lost my remaining sympathy when she whined that she had no job and was unable to find modeling work but would consider something in the acting or voiceover fields. Clearly, this woman wants to take the easy paths in life and doesn't want to actually do any real work herself, whether it's getting a mundane job in the real world like or educating herself about investing. I hope she does NOT testify at Madoff's sentencing, because it will only make her look foolish.

    June 29, 2009 at 11:16 am |
  3. Mike McNally

    Re: John Roberts’ interview with Rudy Giuliani
    I enjoy watching you and Kiran Chetry on American Morning, but your interview with Mayor Giulliani suddenly got me thinking: you twice tried to link governor Mark Sanders with some intrinsic component of the Republican Party. I quit watching NBC because of their strong Democrat-oriented bias, so I am sensitive to these nuances.
    You are a smart enough reporter to know there is absolutely nothing in either the Democratic Party, or the Republican Party that causes its members to stray from their marital vows, or to make foolish mistakes.
    I am just writing you this note to remind you because I regularly watch your program, and I feel this is an investment of mine, so I want it to grow, and prosper, and I see these lapses as a weakening of the brand.
    Thanks, and keep up the good work
    Regards,
    Mike McNally

    June 29, 2009 at 11:13 am |