March 12, 2009 10:59 AM

Live Blogging the Madoff Hearing: The Victims Speak

Posted by Brian Baxter

The first Madoff victim--a Mr. Nurenberg--has approached the court to speak. He begins by challenging Madoff to look him and other victims in the eye. Madoff starts to turn toward Nurenberg before Judge Chin orders Nurenberg to return to the podium.

Nurenberg did as instructed and states that a conspiracy count should be included in the plea. He says that other individuals were undoubtedly involved in pulling together "the reams of data" that Madoff used to build his fraudulent business.

Nurenberg asks Chin to reject the plea. Another victim has approached the podium and urges more of the same.

A third victim, who the audio dipped out on and we couldn’t get her name, says that Chin should push for a trial for Madoff that will show the true extent of his crimes and others allegedly involved in the Ponzi scheme.

"We are a country that learns from our mistakes," she says. "And then we can reexamine and improve the mechanisms that have failed us so completely here...with this horrendous crime. Mr. Madoff has
inflicted so much pain on the young, the old, and the infirm. No man is above the law."

At this point, Chin says that there will be no more statements from victims.

Live Blogging the Madoff Hearing:

"Guilty" to All 11 Counts - 3/12/09, 10:51 a.m.

"I knew what I was doing was wrong and criminal" - 3/12/09, 10:40 a.m.

The Prosecutors Enter and Madoff Says He's Ready to Plead Guilty - 3/12/09, 10:13 a.m.

Bernie Makes His Entrance - 3/12/09, 9:56 a.m.

Waiting for Bernie - 3/12/09, 9:40 a.m.

The Circus in Foley Square - 3/12/09, 9:30 a.m.

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