January 8, 2009 • 3:53 pm
Madoff Investigators Claim to Find 100 Checks in Desk (Bloomberg)
Investigators searching the office desk of Bernard Madoff after his arrest found about 100 signed checks, totaling about $173 million, ready to be sent to family, friends, and employees, prosecutors said.
Prosecutors have previously disclosed that Madoff, before his Dec. 11 arrest, had said he wanted to transfer $200 million to $300 million of his investors’ money to “selected family, friends, and employees.” Litt’s letter today indicates that Madoff was ready to send the money out.
“The only thing that prevented the defendant from executing his plan to dissipate those assets was his arrest by the FBI on Dec. 11,” Litt wrote in his letter. [Read more]
Bernie’s a class A jackass. Okay, I said it–but it doesn’t make me feel any better.
Why is he not in jail already? Probably because he had already written a check to his judge.
Aimee
Aim for Answers
Filed under: Madoff Case, News & Views , bernard madoff, fraud, madoff
January 5, 2009 • 9:39 pm
Madoff Remains Free as Judge Considers Prison Request (Bloomberg)
Bernard Madoff, awaiting trial for securities fraud, remained free on bail while a federal judge considered a request by prosecutors to send him to prison for mailing $1 million of valuables in violation of an asset freeze.
The items included cuff links, watches, a pin and a pair of mittens, Sorkin said. The cuff links are worth $25 and the watches are worth more, he added, without being more specific. He told the Madoffs on Dec. 30 to get the items back, Sorkin said.
The items were mailed to his brother Peter Madoff, his two sons, a daughter-in-law and an unnamed New York City couple now vacationing in Florida, Sorkin and Litt said. [Read more]
This is insane. Lock Madoff up already. I wonder if they haven’t put him in jail in hopes that someone would have fed him to the fishes by now.
Aimee
Aim for Answers
Filed under: Madoff Case, News & Views, The One Percent , bernard madoff, fraud, madoff, peter madoff, Ponzi scheme, ruth madoff, sorkin
January 1, 2009 • 1:58 pm
Madoff’s Stolen Statue Recovered By Pest Control Workers (FINalternatives)
The statue was found by two pest control workers this morning.
A note attached to the statue read: “Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by–The Educators.”
The 4-foot-high statue worth more than $10,000 was stolen from Madoff’s estate eight days after he was arrested in New York in connection with operating the $50 billion Ponzi scheme. [Read More]
I seriously doubt Bernie even knew he owned a lifeguard statue. Too bad for him that the lifeguards aren’t real. He could surely use a lifesaver now.
Aimee
Aim for Answers
Filed under: Madoff Case , financial fraud, madoff, palm beach, Ponzi scheme
