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Madoff tried to wire off 300 million. So much for being sorry for your crime.

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 03:41 PM
Original message
Madoff tried to wire off 300 million. So much for being sorry for your crime.
http://money.cnn.com/2009/01/08/news/newsmakers/madoff_checks/

Prosecutors: Madoff tried to protect $300M

Government says it wants financier accused in $50 billion fraud case locked up while the case continues.

NEW YORK (CNNMoney.com) -- Prosecutors have accused financier Bernard Madoff - the alleged mastermind of a $50 billion Ponzi scheme - of intending to transfer up to $300 million worth of assets to protect them from seizure, and they want him locked up immediately.

In a court filing Thursday, the U.S. Justice Department accused Madoff of having signed about 100 checks - worth a total of $173 million - "ready to be sent out" prior to his arrest by the FBI on Dec. 11 on a charge of securities fraud.

Prosecutors said the checks violate his $10 million bail agreement and was an attempt to prevent his alleged victims from recovering their losses.

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 03:43 PM
Response to Original message
1. that must have been a sweat fest. LOL
Hurry!! sign those checks you bastard!!! sign like the wind!!!

:rofl:

this fuck needs to spend many many years in the slammer.
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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 03:44 PM
Response to Original message
2. Ready the firing squad.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 04:01 PM
Response to Reply #2
4. If he were a citizen of the PRC they'd have done that by now...
they'd have sold his kidneys off on the black market and sent a bill to his family for the bullet.
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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 04:09 PM
Response to Reply #4
7. PRC?
:shrug:
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 04:12 PM
Response to Reply #7
8. People's Republic of China...n/t
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greguganus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 03:46 PM
Response to Original message
3. He's too old to get the time he deserves for what he did. n/t
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 04:02 PM
Response to Original message
5. Smear his toes with peanut butter and chain him up in a rat infested cell..n/t
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Incitatus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 04:06 PM
Response to Original message
6. He had to of known the hammer was coming down.
Why didn't he make arrangements to leave the country and transfer money earlier?
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