Madoff Commits Suicide

[widgeon13]

If this guy put all his eggs in one basket and the funds of others who trusted him as well, he is at best stupid, and doing it with other peoples money demonstrates the usual WS greed. Suicide was the easy way out, sorry!

[lowyder993s]

Originally Posted by tabs

The man felt personal responsibility for the loss. He could not bring himself to face the people that he had failed. Whose savings he had lost.

In Japan or ancient Rome he took the honorable way out..

Chivalry isn't dead...but he is.

[ruf-porsche]

Originally Posted by Hawktel

It wasn't Madoff, but a money manager who invested in him.


And I don't think it was over his money. Believe it or not a lot of investment bankers take the clients money very seriously.

....and take and take and take until there is nothing left.

[aigel]

Nobody who is right in their head takes their own life. He must have gotten depressed. That's the only reason people kill themselves ...

George

[speeder]

The title of this thread is misleading and creates quite a disappointment once you open it.

[the]

Agree.

The headlines read "Madoff Investor Commits Suicide."

[jeffgrant]

A suicide note wasn't found.

And he lost over $1 Billion of his clients' cash.


Hmmmmm......

[targa911S]

Originally Posted by tabs

In Japan or ancient Rome he took the honorable way out..

The cowards way out. Takes more man to face his failures.

[billyboy]

Originally Posted by competentone

the honorable way in the u.s., if he felt responsible for the loss of his clients' money, would be for him to stay alive and keep working to try to earn money and pay his clients back.

+ 1000:d

[Chocaholic]

Originally Posted by aigel

Nobody who is right in their head takes their own life. He must have gotten depressed. That's the only reason people kill themselves ...

George

Or, we're being too generous here. Very possible there was more to the story that may have come out in the Madoff trial. Perhaps this chap wasn't so honorable. Just didn't want to face the music if he was, in some way, on the take too.

I have very little faith in the morality of anyone who handles lots of OPM on Wallstreet.

[ZOA NOM]

Originally Posted by jeffgrant

A suicide note wasn't found.

And he lost over $1 Billion of his clients' cash.


Hmmmmm......

+1

I wouldn't be prancing around the neighborhood if I was Madoff either. A jail cell might be the safest place for him. I think the body count has just begun.

[Wickd89]

Originally Posted by Wayne at Pelican Parts

Holy crap, just read the WSJ - I knew this guy. He was my Dad's boss for eight years. That sortof hits close to home...

-Wayne

Oh Well Wayne, there go all the stock tips you published....

[Jim Garfield]

I can't understand why Madoff isn't in jail without bail. If he's convicted he's going to be in jail for the rest of his life, he has untold millions sitting in Switzerland no doubt, he owns a jet that can make it to Urp nonstop. And it would probably be safer for him, as I'm sure there are a lot of formerly wealthy clients who would like to see him dead. Why not keep him locked up?

[Dottore]

Originally Posted by Jim Garfield

I can't understand why Madoff isn't in jail without bail. If he's convicted he's going to be in jail for the rest of his life, he has untold millions sitting in Switzerland no doubt, he owns a jet that can make it to Urp nonstop. And it would probably be safer for him, as I'm sure there are a lot of formerly wealthy clients who would like to see him dead. Why not keep him locked up?

The prosecution has to make the case why bail should be denied. They couldn't—or didn't—make that case. So the judge has to grant bail. He set it at $10 million—which reflects the gravity of the crime—but is of course still peanuts for Madoff.