NEW YORK — Bernie Madoff should not be released early from prison even if kidney disease kills him within months, prosecutors said Wednesday as they cited the scope and magnitude of his decades-long Ponzi scheme that cost thousands of investors billions of dollars.
More than 500 victims had written to a Manhattan federal court judge to oppose early release for the 81-year-old Madoff from a 150-year sentence imposed in 2009, while only 20, or 4 percent of letter writers, supported it, prosecutors said.
Madoff had demonstrated “a wholesale lack of understanding of the seriousness of his crimes and a lack of compassion for his victims, underscoring that he is undeserving of compassionate release himself,” prosecutors said.
Prosecutors cited numerous letters from victims, including one from a woman who said her husband of 40 years committed suicide after learning of the fraud and another in which an 84-year-old victim said: “Why should he be shown any compassion, when he had none for his many victims?”
Madoff’s lawyer had asked that he be released early under the terms of a program that permits compassionate release for some inmates if they have less than 18 months to live.
The Federal Bureau of Prisons has agreed he has less than 18 months to live but has denied early release on the grounds that it “would minimize the severity of his offense.”
Madoff is confined to a wheelchair while he battles terminal kidney disease and other ailments, his lawyer said in an early February court filing.
The attorney, Brandon Sample, said Madoff has a back brace and medical shoes and is permitted to be aided by an inmate companion as he suffers from leg cramps, weakness, fatigue and uses an oxygen container to relieve shortness of breath.
“The government recognizes the serious nature of Madoff’s illness and his general eligibility for a sentence reduction,” Sample said in a statement Wednesday night. “Madoff, despite what the government might claim, is remorseful for his conduct. A reply addressing the government’s other contentions will be filed.”
Madoff began his sentence months after he confessed to his family and others that the $17.5 billion entrusted to him by thousands of investors had never been invested, even though he claimed it had grown in value by tens of billions of dollars. At the time, there was only several hundred thousand dollars left.
