Madoff “Where He Belongs”
March 12th, 2009 by Mike Vasilinda
Financier Bernie Madoff entered a guilty plea today to swindling more than 50 billion dollars from people across the county in a massive Ponzi scheme. Madoff is in jail awaiting sentencing. Many in Florida lost their live savings. One of them was Florida House Democratic Leader Franklin Sands. “As to whether or not there will be restitution, I have no absolutely no idea” says Sands. “ We will find out in a time to come. As far as his pleading guilty, obviously he is guilty, He plead out, so he will be sentenced at some point and we’ll go forward”
Question:” He’s in jail now. He’s been ordered to jail. Is that any comfort”?
Sands: It’s so totally irrelevant, but that’s where he belongs”.
Sand lost and estimated four million dollars which was has been reported to be all of his retirement savings.
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