You are right about Madoff. However, they also stripped him of whatever he had and he was an individual.
Madoff was destroyed because he dared to rip off the one percent. You don't ever rip off the one percent. Look at Cuba.
The only people pushing the Athenian Straw Man Nonexistent Threat of Slippery Slope Windyfoggery (ASMNSSW) RE DEMOCRACY are people who have a misunderstanding/problem or hatred of democracy. (See AUTHORITARIANS)