Wednesday, December 17, 2008
Go To Your Room Young Man!
One of the biggest crooks in the history of the world, a man who scammed billions of dollars to fund his own little empire, is under House Arrest.
Of course while some of his scammed clientele may be losing their homes, he'll be snuggy warm in his Park Avenue apartment. Good thing he wasn't playing illegal poker or gambling.
You see, in 2006, while Mr. Pouty Face was busy lying to people to get their money, other people in New York were running gambling operations. James Giordano, a professional poker player, was accused of running a sports betting ring.
Let me illustrate some things here. Giordano was taking bets from people who wanted to gamble on sports. People who knew exactly what the odds of winning are. Madoff was conning millions of dollars from people and companies by telling them they were not really gambling at all.
The District Attorney for Queens New York spent 28 months investigating Giordano. Both men were taking money from people but only one was stealing.
Now here comes the punchline:
Giordano was held without bail. And Madoff is at his Park Avenue home tonight.