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I think the guy deserves to be in jail, but I also like the idea of something unusual like making him work cleaning public toilets to earn money that then gets sent to his victims with a little note "this .0004 of a cent represents your share of the wages from the eight hours Mr. Madoff spent cleaning up other people's poop today."
Despite not being able to actually make restitution that way, it seems like it might give people a little satisfaction that just knowing he's in jail doesn't.
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