How do you compensate victims of a monster fraud?

There is a bit of a debate going on over at The Corner, the National Review's group blog, on whether the 150-year sentence meted out to Ponzi scheme fraudster Bernard Madoff is excessive. Well, given that the man is 71 years old, it is academic anyway since he will die in the slammer. But clearly, the length of the punishment is symbolic, though the judge could be accused of grandstanding - it might have been…

From Samizdata.net

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Blogged under Libertarian News on Tuesday 30 June 2009 at 4:00 am

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