PALM BEACH, Florida (Reuters) - From bars haunted by private wealth managers to luxury shops damaged by the fallout of the scandal, residents of the rich Florida seaside town where money manager Bernard Madoff found many of his victims applauded his stiff sentence on Monday.

"I think he defrauded a lot of people in this town, and I think his intentions were evil," said Joanne McClellan, owner of Trousseau, a vintage linens shop on Royal Poinciana Way, when asked about the 150-year prison term.

Read the whole story on Reuters or try our Toolbar
Bookmark and Share

Related stories from top sites:

  • Medici lawyer says Kohn didn't get Madoff payments

    Jun 22nd, 2009 - Reuters

    NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business...

  • Ruth Madoff evicted from Manhattan penthouse

    Jun 22nd, 2009 - Newsday.com

    The spouse is out of the house. Federal marshals evicted Ruth Madoff Thursday from the $7.5-million Manhattan penthouse she once shared with swindler husband Bernard Madoff. The Ruth Madoff...

  • Madoff Learns Today Whether His Life Will Be Spent Behind Bars

    Jun 22nd, 2009 - Bloomberg

    June 29 (Bloomberg) -- Bernard Madoff will learn todaywhether he will die in prison when a judge sentences him formasterminding the largest Ponzi scheme in U.S. history. U.S...

  • Robert Jaffe, 3 others charged in fraud

    Jun 22nd, 2009 - BostonHerald.com

    The U.S. Securities and Exchange Commission is charging Bernard Madoff’s alleged Boston point man with pocketing more than $150 million while “knowingly or recklessly disregarding facts (that) Madoff was operating a fraud.

  • SEC charges four recruiters with helping Madoff

    Jun 22nd, 2009 - Times Online

    America’s securities regulator charged Stanley Chais, an investment manager to the stars of Hollywood, Palm Beach socialite Robert Jaffe and two brokers with participating in Bernard Madoff’s $65 billion Ponzi scheme.

More stories ...

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.