Log in Subscribe

Union Pension-Fund Reps: No Sympathy For Ailing Madoff

Posted 2/28/20

Representatives from several upstate union funds, all of them hit hard by Bernard Madoff’s machinations, are opposing the 81-year-old former financier’s request for compassionate release from prison.

Citing the decimation caused by Mr. Madoff’s $65-billion pyramid scheme to their pension funds and the consequent financial harm done to past and prospective beneficiaries, they have written U.S. Circuit Judge Denny Chin asking him to keep the convicted fraudster behind bars.

This item is available in full to subscribers.

Please log in to continue

Log in