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Madoff’s minions shouldn’t get off so easily

Starting with the Enron scandal and continuing through several other high-profile cases, prosecutors and judges were making reasonable strides in countering the public’s long-held belief that white-collar crimes go unpunished. Heavy sentences have been handed down in various cases, including for executives at WorldCom Inc., and Adelphia Communications Corp., mostly for fraud. Financial swindler Bernard Madoff also was found guilty and sentenced to 150 years in prison for masterminding a massive Ponzi scheme in which investors were swindled out of tens of billions of dollars. But that momentum has seemingly hit a wall. In fact, a prosecutor has just correctly lashed out at a judge for a rather lenient sentence meted out to one Madoff’s former employees. More in the Poughkeepsie Journal here.

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