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Bernie Madoff - What The Smart (And Not-So-Smart) Money Says

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As $65bn fraudster Bernie Madoff gets used to the idea of 150 years in clink, here's what some of the smart (and not-so-smart) money has been saying about the old fellow.

'The message must be sent that Mr Madoff's crimes were extraordinarily evil....Objectively speaking, the fraud here is staggering. It spanned more than 20 years. The fraud reached thousands of victims'.

Judge Denny Chin (The Times)

'I leave a legacy of shame, as many of my victims have pointed out, for my children and grandchildren. That is something I will have to live with for the rest of my life'.

Bernie Madoff (The Financial Times)

'In addition to stealing from retirees, veterans and widows, Bernard Madoff stole from (the) disabled. Every time he cashed a cheque to spend for his family's lavish lifestyle, he killed dreams'.

Michael Schwartz, whose mentally disabled brother's trust fund was wiped out by Madoff (The Times)

'One of the most difficult things to deal with in prison is the reality that you are powerless. Your whole life you basically eat when you want to eat, sleep when you want to sleep, wear what you want to want. Then, suddenly, this daily freedom is taken away'.

Jonathan Richards, author of Federal Prison - A Comprehensive Survival Guide (Reuters)

'I only hope that he lives long enough that his jail becomes his coffin'.

Michael Schwartz (The Daily Telegraph)

'If the American public is satisfied with the sentence and think it's going to protect them, God help them. The important thing is that the American public and the general public understand that this will happen again and again'.

Investor Miriam Siegman (Bloomberg)

'From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts - first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for 50 years was over'.

Statement - wife Ruth Madoff (Reuters)

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