I dunno she's comfortable with risk and doesn't bother with pesky things like stop losses.

She’s still probably not getting out in less than 5 years

Seems like it might be a bad move to enter a conspiracy with someone obsessed with game theory.

it's an enormous first offense, though does that matter?

Did Madoff have a criminal record before he got hit with 150 years?

I don’t believe so, but the judge sentenced him so harshly because the amount involved was astronomical, exceeding the maximum amount specified by federal sentencing guidelines for fraud ($400 million at the time)[0]. Also, many people lost their life savings and the fraud lasted for nearly 30 years and the judge didn’t feel that Madoff did everything he could to mitigate the harm caused by his actions.

[0](https://www.washingtonpost.com/wp-dyn/content/article/2009/0...)