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SEC SETTLES WITH MADOFF - NO FREAKING WRONG DOING?

www.TheBurningPlatform.com

Are you F&$%ing kidding me. What do you have to do to be required to admit wrong doing? Destroying the lives of thousands  of people, charities, and endowments isn't enough. I'm sure glad the SEC wasn't in charge at Nuremberg. They would have concluded that the Nazis committed a misdemeanor by murdering 6 million Jews and killing 50 million other human beings. The SEC would have barred Hitler from politics for 6 years.

Now this evil scumbag will get to live out his life in a comfy country club prison. He should be sent to the filtheist most dangerous prison in the country where he will learn to forget about his wife. Put him in a cell with a 6 foot 6 angry child molestor. Instead he will sleep until 10 and prepare for his noon doubles tennis match with Bernie Ebbers, Dennis Kazlowski, and Jeff Skilling.

 No Ponzis for Madoff Behind Prison WallsJune 16, 2009, 6:04 pm

It’s finally official: the convicted swindler Bernard L. Madoff, facing a lifetime behind bars for masterminding an enormous Ponzi scheme, will never work again in the securities industry.

The Securities and Exchange Commission said on Tuesday that it had accepted Mr. Madoff’s offer to be “barred from association with any broker, dealer or investment adviser.”

Remarkably, Mr. Madoff agreed to this sanction without admitting or denying wrongdoing, according to the S.E.C.’s administrative order.

The latest agreement follows a partial settlement that the S.E.C. reached with Mr. Madoff on Feb. 9, in which he agreed not to contest the agency’s civil fraud charges against him. Mr. Madoff also made that settlement without admitting or denying the allegations of the agency’s complaint.

Tuesday’s order did not resolve what civil fines or restitution Mr. Madoff will have to pay to reach a complete settlement with the S.E.C.

In March, Mr. Madoff, 71, pleaded guilty to 11 counts of fraud, money laundering, perjury and theft in connection with his estimated $65 billion Ponzi schme. The charges carry maximum prison terms totaling 150 years, and dozens of Mr. Madoff’s victims have urged Judge Denny Chin of the Federal District Court in Manhattan to give him the maximum sentence.