posted on Jul, 21 2009 @ 09:05 PM
Hello, i saw this on Fox News and figured it would be a good post. Everyone knows who Mr. Bernard Madoff is and what he did? The guy in NY who ran a
Ponzi scheme considered to be Wall Street's biggest investment fraud. The state of New York has introduced this bill. Rich New Yorkers convicted of
crimes would be forced to pay the state and federal governments for how much it costs to keep them in jail. One of the best ideas in that state in the
The state comptroller, Thomas DiNapoli (D), estimated in 2007 that it costs the counties around $1 billion a year, based on the daily costs of $80 to
$90 a day for each inmate. "Far too often, taxpayers are stuck with the bill for criminals who have extensive personal wealth waiting for them once
they are discharged from our state's penal system," Republican Assemblyman Jim Tedisco said in a statement.
Though federal prosecutors sought to strip Madoff of all of his assets before he went to prison, Tedisco told Reuters that his bill would force drug
dealers and other high-profile people who serve jail time to pay for their prison upkeep. A sliding scale would determine how much convicts would have
to pay, based on their assets, under Tedisco's bill. Those who are worth $200,000 or more would pay the entire tab, while those whose net worth is
$40,000 or less would pay nothing.Like many states, New York has looked at various ways of driving drive down the cost of keeping people in jail.
I personnally think this bill is great! This shouldn't be just a state to state kinda thing. DOJ should foolow in suit and make this a "federal"
law. *Note information was found on Reuters. Here is the linkfor the entire story