Madoff Finally Admits Guilt

The New York Times quotation of the day:

“I knew what I was doing was wrong, indeed criminal,” he said. “When I began the Ponzi scheme, I believed it would end shortly and I would be able to extricate myself and my clients.”

But finding an exit “proved difficult, and ultimately impossible,” he continued, stumbling slightly in his prepared remarks. “As the years went by I realized this day, and my arrest, would inevitably come.” (Bernie Madoff, pleading guilty to a Ponzi scheme involving billions of dollars)

This quote is a sad reminder of how yielding to sin seems like a small thing in the beginning but eventually can take over and ruin a life. It also brings to mind Proverbs 21:6: “A fortune made by a lying tongue is a fleeting vapor and a deadly snare,” and 1 Timothy 6:9: “People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction.”

Those are some hard verses to come to terms with. My prayer is that Madoff would also come to experience the truth of these precious verses from the Psalms:

“Blessed is he whose transgressions are forgiven, whose sins are covered. Blessed is the man whose sin the LORD does not count against him and in whose spirit is no deceit. When I kept silent, my bones wasted away through my groaning all day long. For day and night your hand was heavy upon me; my strength was sapped as in the heat of summer. Then I acknowledged my sin to you and did not cover up my iniquity. I said, ‘I will confess my transgressions to the LORD’ — and you forgave the guilt of my sin.” (Psalm 32:1-5)

1 Comment

  1. Margaret says:

    I like your comments about Madoff, and your compassionate remarks about praying for him. I feel very sorry for those who have lost so much money. Having never had a million, I can’t imagine how it must feel to lose millions. Hopefully, somehow some of this money will be returned to these people.

    Our great God offers salvation to all, and if Mr. Madoff is sincerely sorry and repents, he can know God’s fogiveness. Thank you for this reminder that we as Christians can pray for him. He is paying for his crimes with a punishment that will last through the rest of his life. Perhaps Charles Colson, or others involved in prison ministry, can reach out to him.

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