Seems like the Madoff's have been moving some stuff around. This is what happens whena prosecutoris kind and gentle with a guy who ruined the lives of thousands of investors. Wonder how much he got into his offshore accounts before he was caught?
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NEW YORK "“ Disgraced financier Bernard Madoff and his wife sent at least 16 watches, a jade necklace and a diamond bracelet to family and relatives, proving he will continue to dissipate what little is left from his $50 billion fraud, a prosecutor told a judge in arguing that Madoff be jailed.
Assistant U.S. Attorney Marc Litt said in a letter released Wednesday that Madoff violated a court order barring him from dissipating, concealing or disposing of any assets when he and his wife sent the items to close relatives and two friends.
"The need for detention in this case is clear," Litt wrote in a letter to Magistrate Judge Ronald L. Ellis. "The continued release of the defendant presents a danger to the community of additional harm and further obstruction of justice."
Although he has been freed on $10 million bail, he has been confined to his $7 million Manhattan penthouse with an electronic bracelet and 24-hour guard.
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A criminal complaint against Madoff said the former Nasdaq chairman had offered to distribute between $200 million and $300 million that remained in his company's accounts to close relatives and friends before he surrendered to authorities.
Did you ever think he is at the bottom of the pool here? Do youthink they are handling him w/ kid gloves for a reason? I am suprised he has not had an accident yet, I'll bet he has names and times up the ying yang on some very powerful people.
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RE: Prosecutor Wants Madoff Jailed
Quote:
ORIGINAL: Buck Hunter 1
Did you ever think he is at the bottom of the pool here? Do youthink they are handling him w/ kid gloves for a reason? I am suprised he has not had an accident yet, I'll bet he has names and times up the ying yang on some very powerful people.
More reason to put him in the pokey.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
If he was going to steel 50 bucks from me I would have to borrow it from ipscshooter
I hope you can wait a while... I've been doing my part to keep our economy afloat by keeping GM and Ford in business. Bought a new Impala for my wife 7 months ago and a new F-150 for myself last month. All my spare change is going to the bank for the next five years...
Prosecutor Wants Madoff Jailed
