{"id":359,"date":"2010-04-24T00:05:31","date_gmt":"2010-04-24T06:05:31","guid":{"rendered":"http:\/\/law.onecle.com\/?p=359"},"modified":"2010-04-24T00:05:31","modified_gmt":"2010-04-24T06:05:31","slug":"bernard-madoff-got-lucky","status":"publish","type":"post","link":"https:\/\/law.onecle.com\/blog\/2010\/04\/24\/bernard-madoff-got-lucky\/","title":{"rendered":"Bernard Madoff Got Lucky"},"content":{"rendered":"<p>The 150 year sentence that Judge Denny Chin imposed in the Bernard Madoff Ponzi scheme case seems a bit light. Considering that investor losses may range from $10 to $20 billion, Madoff was sentenced to 1 year of prison for every $66.7 million in losses at the low end of the estimates.  Of course, no one, let alone a 71 year old man, can possibly serve the entirety of a 150 year sentence, so Madoff is getting a great deal in this instance.<\/p>\n<p>In contrast, consider the terrible plight of <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20100423\/ap_on_re_us\/us_army_veteran_faked_paralysis;_ylt=AqU.36YeO8B9fW8AgNQQRfNvzwcF;_ylu=X3oDMTM1NzJiYzZhBGFzc2V0A2FwLzIwMTAwNDIzL3VzX2FybXlfdmV0ZXJhbl9mYWtlZF9wYXJhbHlzaXMEcG9zAzI0BHNlYwN5bl9hcnRpY2xlX3N1bW1hcnlfbGlzdARzbGsDdmV0Z2V0c3ByaXNv\">Jeffrey Rush<\/a>, who faked paralysis and proceeded to collect veterans and disability benefits.  He was recently sentenced to 6 1\/2 years in prison and ordered to pay about $300,000 in restitution.  He ended up with 4.3% of Madoff&#8217;s prison sentence, but only caused 0.0015-0.003% of Madoff&#8217;s losses.  If $66.7 million in losses is worth one year in prison, $300,000 in losses should only yield about a day and a half in prison.<\/p>\n<p>As I said, Bernard Madoff got lucky.  Really lucky.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 150 year sentence that Judge Denny Chin imposed in the Bernard Madoff Ponzi scheme case seems a bit light. Considering that investor losses may range from $10 to $20 billion, Madoff was sentenced to 1 year of prison for every $66.7 million in losses at the low end of the estimates. Of course, no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[220,221,222],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/359"}],"collection":[{"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=359"}],"version-history":[{"count":1,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/359\/revisions"}],"predecessor-version":[{"id":360,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/359\/revisions\/360"}],"wp:attachment":[{"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/law.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}