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By Bill Altreuter

What kind of gonif steals from Sandy Koufax? The Bernie Madoff kind. I suppose one might argue that he prayed upon the greedy, and no doubt there were people and institutions that should have known better, but at the end of the day the magnitude of the money this guy stole is just so staggering that it takes a special kind of chutzpah to argue that the court should set aside the "hysteria" generated by the largest Ponzi scheme in history and give Mr. Madoff only 12 years in prison. What are the mitigating factors here? That he knew when the jig was up and didn't split? Classy. Ira Lee Sorkin might have wanted to consider that the slammer is probably the safest place for his client, who committed a fraud of such astonishing proportions that only the global financial meltdown prevented Madoff's crimes from having an even more serious effect on the world's financial markets.

Full post as published by Outside Counsel on June 23, 2009 (boomark / email).