judge denny chin son dies

He encouraged students at the discussion to be Assistant U.S. The list of those scammed included actor Kevin Bacon, Hall of Fame baseball player Sandy Koufax and film director Steven Spielberg's charitable foundation, Wunderkinder. "He stole from the rich. [16], In Fox v. Franken, Chin denied Fox News Channel (who alleged a trademark violation) an injunction against Al Franken's Book Lies and the Lying Liars Who Tell Them: A Fair and Balanced Look at the Right. [9] He was sworn in as a Circuit Judge on April 26, 2010. I went to a very dear friend and asked him to do me a big favor, and he did. "Often being a woman places you at a disadvantage at many big firms," he said. Madoff investor George Nierenberg thought the reason Madoff spoke to the victims might have been something he said at Madoff's plea hearing several months ago. But no man is.". "I cannot adequately express how sorry I am for what I have done," he said in March 2009, when he pleaded guilty. This site is maintained by the Administrative Office of the U.S. Courts on behalf of the Federal Judiciary. The students were about 55 percent Asian-American, when the population in New York City is only about 10 percent Asian-American. Madoff's other son, Andrew, died from cancer at age 48. "He cheated his victims out of their money so he and his wife could live a life of luxury beyond belief.". As well as Wiesel, investors in Madoffs company included the actors Kevin Bacon, Kyra Sedgwick and John Malkovich, and the Hollywood director Steven Spielberg. He directed Klayman to explain the letter and in open court Klayman stated that he had written the letter because Chin was Asian. Chin dismissed the suit Sam Sloan vs. Paul Truong and Susan Polgar in which Sloan accused Susan Polgar and Paul Truong of posting thousands of obscene "Fake Sam Sloan" remarks in his name over a two-year period in an effort to win election to the board of the United States Chess Federation (Polgar and Truong were elected to the board and Sloan was defeated). The order left her with $2.5 million. He began his Wall Street career in 1960 alongside his brother Peter with a few thousand dollars saved from working as a lifeguard and installing sprinklers. Outside the courthouse, her husband Ron said they were so fooled by Madoff that they were proud when their son was hired to work for the man who would one day destroy his family's finances. Roadways to the Bench: Who Me? Denny Chin is a United States Circuit Judge for the United States Court of Appeals for the Second Circuit. Chin was born in 1954 in Kowloon, Hong Kong and came to the U.S. in 1956. Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison Wednesday, the federal Bureau of Prisons confirmed to CBS News.. Judge Denny Chin, who originally had imposed the sentence of 150 years, denied his request for release, calling his crime "one of the most egregious financial crimes of our time," and one that . But I did not believe he was genuinely remorseful, he recalled. He said a jury might conclude it was done solely to sensationalize and enhance the entertainment value of the arrest. In a scathing ruling, U.S. District Judge Denny Chin said a jury might conclude the network "crossed the line from responsible journalism to irresponsible and reckless intrusion into law. The United States Senate Committee on the Judiciary reported Chin's nomination to the full Senate on December 10, 2009[10] and he was confirmed by a 980 vote on April 22, 2010. Madoff, a former Nasdaq chairman, had earned a reputation as a trusted money manager with a track record of delivering stellar returns in good markets and bad. Madoff, known as Bernie, was a former chairman of the Nasdaq stock exchange, and was regarded for years as an investment sage. The United States Senate confirmed Chin on August 9, 1994, and Chin received his commission the next day. On March 12, Madoff pleaded guilty to securities fraud and other charges, saying he was "deeply sorry and ashamed." 2023 BBC. The scam involved an estimated $65bn, a figure that included gains Mr Madoff's clients believed they had made due to fake account statements. Madoff pleaded guilty in March 2009 to securities fraud and other charges, saying he was "deeply sorry and ashamed.". Afterward, Ruth Madoff often a target of victims' scorn since her husband's arrest broke her silence that same day by issuing a statement claiming that she, too, had been misled by her high school sweetheart. Madoff's other son, Andrew, died from cancer at age 48. I would tell the new citizens about my grandfather. Judge Denny Chin, who now sits on the 2nd U.S. They were two struggling kids from Queens. "They were two struggling kids from Queens. Denny Chin is a United States Circuit Judge for the United States Court of Appeals for the Second Circuit. 2021 CBS Interactive Inc. All Rights Reserved. Part of the reason life tenure is so important is so that judges will not be unduly influenced by public opinion, he said, although he is careful to consider both sides of an issue in his judgments. [5] He graduated magna cum laude with a B.A. She eventually gave him her own pension, funds, Judge Chin wrote in his notes. Chin was born on May 18, 1955, in Guangdong province, Mainland China.He was the only child of Bing Hing "David" Chin (a.k.a. Visit our website terms of use and permissions pages at www.npr.org for further information. Chin spent much of his statement utterly dismissing each argument the Madoff team put forth. We trusted everything in his hands," Nobel Peace Prize winner Elie Wiesel, whose foundation lost $15.2 million, said in 2009. Outside the court, other victims assemble. He said he struggled to find the right number the just sentence, as he described it. 5089. At various times, he referred to his monumental fraud as a "problem," "an error of judgment" and "a tragic mistake. Judge Chin was appointed district judge in the Southern District of New York in 1994 before being nominated to the U.S. Court of Appeals for the Second Circuit. A former chairman of the Nasdaq stock market, he attracted a devoted legion of investment clients from Florida retirees to celebrities such as famed film director Steven Spielberg, actor Kevin Bacon and Hall of Fame pitcher Sandy Koufax. Tom Fitzmaurice accused Madoff of cheating his victims "so he and his wife, Ruth, could live a life of luxury beyond belief.". In the headlines and news accounts that followed, the words extraordinarily evil seemed to be everywhere. He had an intern quickly research relevant cases; he reviewed them and began writing, adding about 100 words to the draft. The mans widow had met with Mr. Madoff, who had put his arm around her and told her not to worry, that her money was safe with him. Chin said the lawsuit contained sufficient facts to make it plausible that the suicide was foreseeable, that police had a duty to protect Conradt from killing himself, and that the officers and NBC acted with deliberate indifference. Chin said he felt diversity on the bench was a valuable goal, since it may help some plaintiffs or defendants understand that the legal system represents them as well. [18] Larry Stewart was acquitted by a jury. Bernard Madoff, the one-time Wall Street titan who orchestrated one of the largest frauds in history, has died in prison aged 82. When Klayman appealed, the 2nd Circuit affirmed Chin's sanctions. "They're now Madoff schemes. He was confirmed in April 2010 and took senior status in June 2021. "[6] While a student at Princeton, Chin was a staff writer and later managing editor at The Daily Princetonian. This text may not be in its final form and may be updated or revised in the future. I would literally take his naturalization petition, which I have framed in my chambers, and hold it up to the citizens.". "It was clear the only reason he asked me these questions was because I'm Asian-American," Chin said. Before issuing his ruling, Chin said he reviewed a copy of the Feb. 20, 2007 episode. "Although the crimes Bernie was convicted of have come to define who he was - he was also a father and a husband. He stole from the poor. NPR transcripts are created on a rush deadline by an NPR contractor. Todd Heisler Judge Chin agreed to an extensive series of. Other corporate victims were Royal Bank of Scotland and Man Group and Japan's Nomura Holdings. It all came crashing down in the winter of 2008 with a dramatic confession at Madoff's 12th-floor apartment on the Upper East Side. [27], United States Court of Appeals for the Second Circuit, United States District Court for the Southern District of New York, United States Senate Committee on the Judiciary, Lies and the Lying Liars Who Tell Them: A Fair and Balanced Look at the Right, List of first minority male lawyers and judges in the United States, Hearings Before the Committee on the Judiciary, United States Senate, One Hundred Third Congress, First Session on Confirmations of Appointees to the Federal Judiciary, Part 4, "President Obama Nominates Judge Denny Chin for United States Court of Appeals for the Second Circuit, Judge O. Rogeriee Thompson for United States Court of Appeals for the First Circuit", "Judge Who Sentenced Madoff to Be Nominated to Higher Court", "Obama names Madoff case judge to fill Sotomayor spot", "U.S. District Judge Denny Chin to Address Spring 2009 Law Graduates", "The Old Ones of Chinatown: A Study of the Elderly Chinese", "Denny Chin | Office of the Executive Vice President", "Judicial Nomination Materials: 111th Congress", "On the Nomination (Confirmation Denny Chin, of New York, to be U.S. In November 2013, Chin dismissed Authors Guild et al. "Bernie, up until his death, lived with guilt and remorse for his crimes," his lawyer Brandon Sample said in a statement. Judge Chin then began reading his statement from the bench, adding a few phrases to acknowledge what he had seen and heard in court that morning. 20,000 people may have been exposed to measles at Asbury University revival U.S. District Judge Denny Chin called the scope of the fraud "staggering" and gave the 71-year-old financier the maximum sentence allowed, ensuring Madoff would live out his days behind bars. In a meeting with his sons, he confided that his business was "all just one big lie.". Judge Chin noted in the interviews that 20 or 25 years would have effectively been a life sentence for Mr. Madoff, and any additional years would have been purely symbolic. He concluded it was not reasonable to permit the government to search the homes and seize the computers of thousands of individuals merely because their e-mail addresses were entered into a web site, where, in addition to gaining access to child pornography, they could engage in text-based activities such as participating in chat rooms and answering surveys. Since his decision, one of the other judges has changed her mind and a third judge has suppressed as well. For an optimal experience visit our site on another browser. On the other hand, because he is one of few Asian-American federal judges, "I know that I have to do a good job, because I know that if I screw up, it's not just me," it will be the "Chinese judge" that screwed up. With the sentencing of Bernard L. Madoff only a week away, Judge Denny Chin received a letter from Mr. Madoffs lawyer asking for a prison term substantially below the 150-year maximum. [15] PTC and WWE settled out of court and, as part of the settlement agreement, the PTC paid WWF $3.5 million USD and PTC president Bozell issued a public apology. He clerked for the Honorable Henry F. Werker in the Southern District of New York; was associated with the law firm Davis Polk & Wardwell; served as an Assistant United States Attorney for the Southern District of New York; was a founding partner of the law firm Campbell, Patrick & Chin; and was a partner at a firm specializing in labor and employment law, Vladeck, Waldman & Engelhard, P.C. "It is probably the most important trial court in the country, given its location in New York City," Chin said. He also is suing big money managers and investors for billions of dollars, claiming they were Madoff cronies who also cashed in on the fraud. Judge Denny Chin denied Mr Madoff's request, noting many victims were still suffering due to their financial losses. / AP. There was also Carla Hirshhorn, who said she was thankful that her father died before he realized that his wife's financial security was ruined. He is now a United States circuit judge for the Second Circuit. As Michael Patrick noted when he introduced Judge Chin at the luncheon at which he received New York County Lawyers Association's Edward Weinfeld Award: "Denny presided over both high profile and low pro-file cases. This story, "," originally appeared in The New York Times. A Class of 1975 graduate, Chin was the first Asian American appointed as a United States District Judge outside of California and Hawaii. Disgraced financier Bernard Madoff was sentenced Monday to 150 years for his monumental Ponzi scheme. "We're in a complicated situation. At both levels, Judge Chin was the first Asian American federal judge outside the Ninth Circuit. Michael Livermore Weighs In, Podcast: Global Crisis Triggered by Knowledge Economy, Says Paul B. Stephan 77. All Rights Reserved. A $105 million lawsuit brought by a woman who claims a sex sting by "Dateline NBC: To Catch A Predator" drove her brother to kill himself can go to trial, a federal judge ruled Tuesday. In explaining how the 150-year sentence was symbolically important, he had neglected to include a third, crucial reason: retribution. Mr. Madoff rose and offered a lengthy apology, saying he felt horrible guilt. He turned to face the victims, and apologized again. In fact, today, when he did turn around and acknowledged the victims, I felt as if there was a satisfaction that I had actually penetrated. The sentencing of Bernard L. Madoff required balancing the law against the public anger his fraud had inspired. While he said stereotypes about Asian-Americans still exist and sometimes rise to the surface, women, for example, may face more challenges in battling discrimination. Another son, Andrew, died from cancer at age 48. "How could somebody do this to us? Chin spoke informally to students in a discussion organized by the Asian Pacific American Law Students Association (APALSA) April 1 at the Law School. The series of four-minute Pathways to the Bench vignettes can be used with high school students and youth groups to encourage them to overcome the inevitable obstacles on the way to their dreams. If the mind can scarcely comprehend a figure so large, the federal sentencing guidelines don't even try. After spending several months under house arrest at his $7m penthouse apartment, he was led off to jail in handcuffs, to scattered applause from angry investors in the courtroom. / CBS/AP. Judge Chin, who joined the Second Circuit bench in 2010, recalls how he moved from Hong Kong to New York City at the age of 2. He took notes and sketched out themes as he went, with a view toward working them into his draft: Not just the wealthy or institutional clients., Not just money: It reaches to the core and affects your general faith in humanity, our government and basic trust in our financial system., The loss of dignity, the loss of freedom from financial worry.. Another dilemma, he said, rested in the fact that because none of the counts against Mr. Madoff carried a sentence of life imprisonment (indeed, none carried more than 20 years), he could not impose a conventional life sentence. "That's something I live with, as well," he said. The search for Madoff's assets "has unearthed a labyrinth of interrelated international funds, institutions and entities of almost unparalleled complexity and breadth," the trustee, Irving Picard, said in a 2009 report. "I also believe that Mr. Madoff was never truly remorseful, and that he was only sorry that his life as he knew it was collapsing around him," he wrote. The Madoffs also took a severe financial hit: A judge issued a $171 billion forfeiture order in June 2009 stripping Madoff of all his personal property, including real estate, investments, and $80 million in assets his wife, Ruth, had claimed were hers. His 8-year-old felt torn and said, "'I love the Knicks, but I love Yao.'" One of the traditional notions of punishment, he wrote, is that an offender should be punished in proportion to his blameworthiness. Mr. Madoffs crimes were extraordinarily evil, he added. And Madoff's brother, Peter, who helped run the business, was sentenced to 10 years in prison in 2012, despite claims he was in the dark about his brother's misdeeds. He joined the court in 2010 after an appointment by President Barack Obama (D). Often thats the easy way out, but as we know from the old parable, that wasnt the right thing to do., The judge reflected on the frauds unprecedented scale, its duration over two decades and its thousands of victims. After the meeting, a lawyer for the family contacted regulators, who alerted federal prosecutors and the Federal Bureau of Investigation. Chin's path to his judgeship offers a compelling parable of an immigrant's success. His clients ranging from Florida retirees to celebrities such as Steven Spielberg, actor Kevin Bacon and Hall of Fame pitcher Sandy Koufax consistently enjoyed steady double-digit returns. Madoff responded: "There is no innocent explanation.". U.S. District Judge Denny Chin said, "Here, the message must be sent that Mr. Madoff's crimes were extraordinarily evil and that this kind of irresponsible manipulation of the system is not. "Life has been a living hell. "It's rare than an institutional client gets handed down to a woman.". Applause broke out in the New York courtroom when the judge handed down the maximum sentence. Law. He stole from the poor. The judge, explaining why he had rejected the defenses request for a substantially shorter sentence, provided two reasons why the symbolism of a much longer term was important: to send the strongest possible message of deterrence, and to help the victims heal. Responding to a question from Second Circuit Court of Appeals Judge Denny Chin on whether local authorities could investigate the president under that hypothetical, Consovoy replies: "I think once . Among them was Nobel Peace Prize winner and Holocaust survivor Elie Wiesel, who recalled meeting Madoff years earlier at a dinner where they talked about history, education and Jewish philosophy not money. Instead, he was required to stack the maximum sentences for each count they totaled 150 years to calculate a recommended sentence under the federal advisory guidelines. He became so hated he had to wear a bulletproof vest to court. He also responded to the assertion in Mr. Sorkins letter that the unified tone of the victims statements suggested a desire for a type of mob vengeance that would seemingly negate the judges role. It feels like the nightmare we can't wake from," said Carla Hirshhorn. Circuit Judge for the Second Circuit)", "2nd Circ. Its a fair argument that you want to give someone some possibility of seeing the light of day, the judge said in an interview, so that they have some hope, and something to live for., And, he added, that was one of the struggles in Madoff., Judge Chin said he quickly rejected the idea of a 12-year sentence for Mr. Madoff, but pondered whether 20 to 25 years might be acceptable. As a federal judge in the Southern District of New York, Judge Denny Chin sees some of the most cutting-edge cases in the country, so much so that three of his cases were used as plots for the popular Law and Order television series.But Chin's position is unique for another reason as well he was the first Asian-American appointed to a federal district court judgeship outside the 9th . They worked hard," said Thomas Morling, who worked closely with the Madoff brothers in the mid-1980s setting up and running computers that made their firm a trusted leader in off-floor trading. Extraordinarily evil By the time Judge Chin entered his chambers on the morning of Monday, June 29, he had decided what his draft was missing, he said. The convicted swindler stood before the judge and his victims and said, I live in a tormented state knowing the pain and suffering I've created. Yet symbolism was important, he said, given the enormity of Mr. Madoffs crimes. [1] [2] Prior to his appointment, Chin served as a judge on the United States District Court for the Southern . Following his pleading, Chin revoked Madoff's $10 million bail and ordered him to report immediately to jail at the request of the federal prosecutors, citing that Madoff had both the resources and the incentive to flee before his formal sentencing. He confessed the problem to his sons, who went to the authorities. Copyright 2009 NPR. But he added that it was important to remember the history of Asians in the United States, and mentioned in particular the Korematsu case and the Japanese internment camps during World War II. Two years later, Judge Chins recollections resurrect all the anger, shock and confusion that surrounded Mr. Madoffs crimes, and provide a rare peek at the excruciating pressure faced by a judge who had to balance the law, the publics emotions and his own deeply held beliefs while meting out a sentence that was just and satisfied the courts need to send a message. As Judge Denny Chin noted, the Madoff take is quite literally off the charts. Money launderers 'prey on generation Covid', Human error to blame for train crash - Greek PM, At the crash site of 'no hope' - BBC reporter in Greece. He was a United States District Judge of the United States District Court for the Southern District of New York before joining the federal appeals bench. Read about our approach to external linking. A Bankruptcy or Magistrate Judge? As Judge Chin listened from the bench, nine of Mr. Madoffs victims described the devastation he had caused in their lives. "He turned to me and he said, crying, 'I'm at the end of my rope. The order left her with $2.5m. Soon after, Tom Fitzmaurice quoted his wife as saying, I cry every day when I see the look of pain and despair in my husband's eyes. How do you excuse deceiving your family, your investors and an industry you spent your life trying to improve? Ruth is still living. "When Peter or Bernie said something that they were going to do, their word was their bond," Morling said in a 2008 interview. And there we are. But family members as well as brokerages that recruited investors have come under intense scrutiny by the FBI, regulators and a court-appointed trustee overseeing the liquidation of Madoff's assets. [8] He was an Assistant United States Attorney for the Southern District from 1982 to 1986. Copyright 2023 CBS Interactive Inc. All rights reserved. I don't think so," he said. The court heard from some in his position and some who said Bernard Madoff robbed their entire savings. Bernie Madoff, a Wall Street financier disgraced after he admitted to one of the biggest frauds in US financial history, has died in prison at age 82. In the middle of his trial, Wyatt changed his plea to guilty as part of a plea bargain with the government. The Madoff family took a severe financial hit: a judge issued a $171bn forfeiture order in June 2009, stripping Madoff of all his personal property, including real estate, investments, and $80m in assets his wife, Ruth, had claimed were hers. In its final form and may be updated or revised in the winter of 2008 with a dramatic confession Madoff! The New York Times [ 9 ] he was confirmed in April 2010 took! U.S. Courts on behalf of the Feb. 20, 2007 episode discussion to be Assistant U.S judge denny chin son dies about 100 to! From cancer at age 48 '' originally appeared in judge denny chin son dies New York City, '' Carla. And news accounts that followed, the 2nd U.S quickly research relevant ;! 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