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Law Humor
: Bernard Madoff#Madoff Comes Clean-Demands Trial
From: Bernie
I'm ready to cooperate-please contact the Feds That Can't Indict Right and let them know I've changed my mind.
Ideally, you can petition the court for a trial. If that means DOJ would have to introduce a new charge (jaywalking?)--so be it. As long as it gives me the opportunity to introduce into the record what really happened, that's what I want.
Also--send a note over to the idiot reporters at NY Post and tell them the story the ran on Wed re: "market in Madoff claims has collapsed 20 pts+" is 100% wrong. The source they referenced was lying through his teeth--the claims market has actually upticked in past several months, and rose 10% after the Wilpon-Picard settlement.
How do I know? Because Barbara (Picower) has maintained a 70 bid with multiple real brokers to accumulate claims, and has watched trades take place higher, all thanks to some smart-ass former Goldman people operating a hedge fund up in CT. In fact, smaller claims are now trading 80 bid--contrary to what the Post reporters reported as "bids are now closer to 50 cents on the dollar". Could be the reporter has Aspergers?
Also-send a congrats note over to Nan's lawyer, Mo and tell him I said "its always better to be lucky than smart." Someone would think the prosecutors that have been going after the little people from my firm will now be subject to misconduct sanctions for failing to share Dimes' testimony with the defense attorneys.
BLM
Full post as published by Bernard Madoff on March 23, 2012 (boomark / email).
Madoff- Raising the Bail Issue
The trial court sent Bernie Madoff to jail upon his entering of a guilty plea (see here). He has now appealed to a higher court for his release pending his sentencing. See Chad Bray, WSJ, Madoff Appeals Jailing; Thomas Zambito...
Wall Streets billion-dollar Madoff tax
Today's FT reveals the astonishing amount of money that Irving Picard and other Madoff-related clean-up artists are going to make from the world's biggest ever Ponzi:
Madoff Remains under Penthouse Arrest: Judge Refuses to Jail Accused Ponzi Scheme Artist before Trial
Today a federal judge refused to jail accused Ponzi scheme artist Bernard "Bernie" Madoff pending his trial. The court denied prosecutors' request to jail Madoff after he allegedly mailed off assets including jewelry valued over $1 million in violation of...
Ponzi Scheme Fallout: Madoff, Meaghan Cheung, René-Thierry Magon de la Villehuchet and You
Today prosecutors sought to have admitted Ponzi scheme artist Bernard Madoff jailed until his trial. This move came after Madoff and his wife allegedly transferred assets valued over $1 million to friends and family in violation of his bail agreement...
Bernie Madoff Sentenced to 150 Years
Ponzi mastermind Bernie Madoff’s day of reckoning has come. A federal judge sentenced Madoff to 150 years, the maximum sought by the prosecution, according to CNN. Following the sentence, Madoff offered an apology to his victims...
Madoff was executor of large estate
According to Mark Seal, Madoff?s World, Vanity Fair, April 2009: Once, after [Norman F.] Levy?s health began to fail, Madoff arranged for a helicopter to transport him for medical treatment...
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