dont take my ill gotten gains! Madoff

Discussion in 'Law and Justice System' started by strollingbones, Mar 3, 2009.

  1. strollingbones
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    strollingbones Diamond Member

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    His lawyers are arguing that Madoff should be entitled to keep the $7 million apartment he's currently being held in while under house arrest and $62 million, including $45 million in municipal bonds.

    Court papers filed on Monday state that Madoff and his lawyer say the Manhattan penthouse and the millions held in accounts of Madoff's wife, Ruth, are not subject to seizure.

    The court papers say Madoff claims the apartment and the money are unrelated to a $50 billion fraud Madoff has been accused of carrying out.

    Madoff: NYC Penthouse, $62 Million Are Mine - wcbstv.com


    chutzpah
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Appeals court perpetuatin' the fraud...
    :eusa_eh:
    Recovered Madoff money blocked by appeals
    March 27, 2011 -- Getting the money back from Bernard Madoff is only half the battle for Irving Picard, the trustee in charge of recovering assets stolen in the world's most notorious Ponzi scheme.
     
  3. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    If I'm a business owner who gets sued and loses, why should I lose my house as well? Isn't that why LLC's and Incorporations are created, so that the Lawyers can't take everything and you can at least keep your house?

    (I'm not defending Madoff and his crimes, I'm just asking)
     

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