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<blockquote data-quote="ClassicBiker" data-source="post: 117568" data-attributes="member: 1632"><p>The unfortunate thing is even if justice is served to some extent, those who were defrauded will still be out thousands. </p><p> Take Bernie Madoff, he of ponzi scheme fame, for instance. Defrauded loads of 4,800 clients of $64.8 billion. When the dust settled he received a 150 year sentence and has to pay $170 billion in restitution. The problem all that is all 4,800 clients will have to prove how much they lost to a judge. The judge will consider how much money in restitution is available, so will decide how much each client gets. From that $170 billion the gov't will extract court costs, judges salary, gov't attorney fees to make sure the claimants amounts are realistic. The claimants will accrue lawyer costs they will have to cover, not the gov't. Those who were defrauded only received pennies on the dollars they lost. Madoff's wife, two sons, and a grand daughter were named and convicted as co-conspirators. As part of her plea deal his wife had to take money from trusts set up for the grand children. One of his sons got ten years and the other committed suicide, one of four suicides related to the case.</p><p> Where am I going with all this with regards to Norton? Quite simply I am afraid there will be far reaching fall out not yet considered or seen. I hope those who lost money will recover all, but I don't see that happening. If they don't recover it all, I hope they recover enough to survive. If they don't recover any I hope they have some safety net or support that they don't feel the need to do something drastic.</p><p> In the Madoff case the only winner was Bernie the perpetrator. Bernie gets three hots and cot, a roof over his head, and medical care at tax payer expense for the rest of his life or 150 years, which ever comes first. If Stuart Garner is indicted on any charges stemming from all this and if he is found guilty on any he'll be a guest at the house of many doors and have the same benefits. While those who lost all their money are left to pick up the pieces. Justice served, right?</p><p>Steven</p></blockquote><p></p>
[QUOTE="ClassicBiker, post: 117568, member: 1632"] The unfortunate thing is even if justice is served to some extent, those who were defrauded will still be out thousands. Take Bernie Madoff, he of ponzi scheme fame, for instance. Defrauded loads of 4,800 clients of $64.8 billion. When the dust settled he received a 150 year sentence and has to pay $170 billion in restitution. The problem all that is all 4,800 clients will have to prove how much they lost to a judge. The judge will consider how much money in restitution is available, so will decide how much each client gets. From that $170 billion the gov't will extract court costs, judges salary, gov't attorney fees to make sure the claimants amounts are realistic. The claimants will accrue lawyer costs they will have to cover, not the gov't. Those who were defrauded only received pennies on the dollars they lost. Madoff's wife, two sons, and a grand daughter were named and convicted as co-conspirators. As part of her plea deal his wife had to take money from trusts set up for the grand children. One of his sons got ten years and the other committed suicide, one of four suicides related to the case. Where am I going with all this with regards to Norton? Quite simply I am afraid there will be far reaching fall out not yet considered or seen. I hope those who lost money will recover all, but I don't see that happening. If they don't recover it all, I hope they recover enough to survive. If they don't recover any I hope they have some safety net or support that they don't feel the need to do something drastic. In the Madoff case the only winner was Bernie the perpetrator. Bernie gets three hots and cot, a roof over his head, and medical care at tax payer expense for the rest of his life or 150 years, which ever comes first. If Stuart Garner is indicted on any charges stemming from all this and if he is found guilty on any he'll be a guest at the house of many doors and have the same benefits. While those who lost all their money are left to pick up the pieces. Justice served, right? Steven [/QUOTE]
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