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In the wake of Bernard Madoff sentenced to 150 years in prison for running a massive Ponzi scheme on Wall Street, 78.7% of GSA Daily readers say Madoff got what he deserved.
GSA Daily Staff Report
Published July 2, 2009
In the wake of Bernard Madoff sentenced to 150 years in prison for running a massive Ponzi scheme on Wall Street, 78.7% of GSA Daily readers say Madoff got what he deserved.
On Tuesday, GSA Daily readers were asked if white-collar time matches white-collar crime. A criminal investigation continues to see if anyone else may have been involved in the Madoff case of financial fraud.
Just last month, Karen Miller, former CFO for HomeGold Finance Inc., was the sixth executive to be sentenced to jail following the Pickens-based Carolina Investors scheme that cost 8,000 investors $278 million. Miller will serve 30 months in prison.
While more than three-fourths of the 94 respondents said Madoff’s sentencing should be the new norm, another 12.8% said his sentencing was a bit harsh, but the legal system needs to be more stringent.
Only one person said Madoff’s sentencing is too severe. Another 7.4% said his punishment is too light.
The GSA Daily Watercooler Question of the Week is posted on Tuesdays. Results typically appear on Friday, but appeared today due to Fourth of July weekend.
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