A federal judge today sentenced Bernard Madoff to 150 years in a place where he can think about the men, women, children, charities, museums, and clubs he took billions from.
But a cruel reality intrudes on Judge Denny Chin's ruling – the fact that a great many people lost life savings because they trusted Mr. Madoff and his helpers. A $60 billion plus fraud couldn't last without aid and support from those enablers, who profited from their fiduciary crapulence.
Where can victims — including a 60-plus woman who now eats sometimes out of a dumpster — turn?
Critics of tort liability would say too bad, so sad — leave the "deep pockets" alone. God forbid suing someone less culpable because that someone can pay damages.