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From: bentway	1/17/2009 9:54:39 AM
	1 Recommendation of 1576004

Madoff case highlights a different brand of justice middletownpress.com Friday, January 16, 2009 10:03 PM EST Bernard L. Madoff will probably go to jail eventually, if he doesn’t skip the country first. If the meantime, he is enjoying the benefits of his Park Avenue apartment rather than imprisonment in the jail cell where he rightly belongs. It is another instance of how the rich, even those like Madoff who stole their billions, enjoy a different brand of justice from the rest of us. Madoff has reportedly admitted stealing as much as $50 billion from those who invested with him. The collapse of his Ponzi scheme wiped out retirees’ life savings, dented college endowments and municipal pension funds and caused the suicide of one financier who had entrust millions to Madoff’s investment firm. Since his arrest, the courts have given the alleged perpetrator of this spectacular fraud one break after another. Madoff had to give up his passport, but we doubt that is much of a barrier to flight for a man who for decades allegedly fooled securities investigators and supposedly sophisticated investors and money managers. A security service is monitoring Madoff by video. His wife is paying for the monitoring. Oddly, a court originally ordered Madoff to prepare an inventory of his assets as a first step for duped investors to recover some of their money. Madoff had other ideas. He ignored a court order freezing his assets. He mailed $1 million in diamond encrusted watches and other jewelry to family and friends. Alerted to the jewelry transfer, authorities found $173 million in signed checks at Madoff’s office that he was preparing to mail. Just as he conned investors, Madoff has conned the federal magistrate who refused to revoke his bail. Anyone else who had so blatantly violated a court order and tried to obstruct justice by spiriting away his loot would be in jail. New Haven Register

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