Prosecutors opposed Bernard Madoff’s request to be freed from prison even if he is close to death from kidney failure, saying he has never accepted responsibility for his massive Ponzi scheme or shown compassion for victims.
In a Wednesday night court filing, prosecutors said denying the 81-year-old Madoff’s request would uphold victims’ and public faith in the justice system.
They said Madoff should continue serving his 150-year sentence, to ensure that ‘one of history’s worst fraudsters’ faces the consequences of his crimes.
Prosecutors opposed Bernard Madoff’s request to be freed from prison even if he is close to death from kidney failure. The convicted financier is show in a 2008 mug shot
In a Wednesday night court filing, prosecutors said denying the 81-year-old Madoff’s request would uphold victims’ and public faith in the justice system. He is seen exiting federal court in 2009
Vehicles are parked outside the medical center at the Butner Federal Correctional Complex in Butner, North Carolina, where Madoff is being held
‘Madoff’s crimes were extraordinarily evil,’ prosecutors said.
‘His sentence was appropriately long. It should not be reduced.’
Prosecutors also said roughly 500 of the 520 victims who wrote to the Manhattan federal court about Madoff’s request opposed it, including an 84-year-old who said: ‘Why should he be shown any compassion, when he had none for his many victims?’
Madoff has spent just under 11 years in prison.
The filing came one month after he sought ‘compassionate release,’ saying he had fewer than 18 months to live because he is dying from kidney cancer.
He confirmed at the time of the filing that he was ‘terminally ill’.
‘There’s no cure for my type of disease. So you know, I’ve served. I’ve served 11 years already, and, quite frankly, I’ve suffered through it,’ Madoff told the Washington Post, about his request for the early release.
His lawyer Brandon Sample says that despite the prosecution’s claims, Madoff ‘is remorseful for his conduct,’ and ‘remains hopeful’ his request will be granted.
Madoff’s case is the biggest test of the First Step Act, a bipartisan law signed by President Donald Trump in December 2018 affording early freedom to some older prisoners, often for health reasons.
Among those released is Bernard Ebbers, who once led phone company WorldCom Inc. He died on Feb. 2 at age 78.
Madoff’s case is the biggest test of the First Step Act, a bipartisan law signed by President Donald Trump affording early freedom to some older prisoners, often for health reasons. Trump is pictured at the Latino Coalition Legislative Summit in Washington Wednesday
Among those released under the First Step Act was Bernard Ebbers, who once led phone company WorldCom. He died on February 2 at age 78
Prosecutors said Madoff used his firm Bernard L. Madoff Investment Securities to swindle thousands of individuals, charities, pension funds and hedge funds, including many with ties to the Jewish community.
A court-appointed trustee estimated Madoff’s customers lost $17.5billion. Nearly $14billion has been recovered.
Madoff was arrested in December 2008 after admitting his fraud to his sons, who have since died, and pleaded guilty three months later to 11 criminal counts.
His fate will be determined by Circuit Judge Denny Chin, who called Madoff’s crimes ‘extraordinarily evil’ when imposing the 150-year sentence in June 2009.
Madoff (pictured outside a Manhattan courthouse) was arrested in December 2008 after admitting his fraud to his sons, who have since died, and pleaded guilty three months later to 11 criminal counts
In seeking Madoff’s release, Sample said his client is confined to a wheelchair and battling several illnesses, and would pose no danger to anyone if released.
But prosecutors said Madoff has improved since he resumed kidney dialysis treatment in November, and while ill he could live more than 18 months.
They also said his request last year that President Trump commute his sentence was mainly so he could care for his wife Ruth in her old age, ‘apparently confident’ his health would allow it. Trump has not acted on that request.