Perp walks done, bail revoked, Bernard Madoff is now behind bars.
The cold, early-morning wait for Bernard Madoff to arrive in court and make his guilty plea is now over. Thousands - maybe even millions - of shutter clicks later, he's gone through intake and is in a cell somewhere in New York.
Unlike a Hollywood film, there will be no justice in this case. Billions later, professionals who had millions and lost them are now living back home with their elderly parents. No tidy resolution here - much of the money may never be found and even with Mr. Madoff in prison, we are left wondering when the public will get any details regarding the twisted trail of dollars. For some forensic accountant, this will be the work of a lifetime.
We've heard he pled guilty to avoid having his wife and the rest of the family implicated. It's likely now that Madoff is salted away, we'll see prosecutors begin the laborious process of looking into the financial affairs of his wife and children - maybe even others.
More to come. Meanwhile, Mr. M. will have to learn to navigate an entirely foreign culture. One in which his fellow inmates are likely to be even less forgiving than the general public.
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