Tag Madoff

Madoff’s actions don’t make sense

Why did Madoff suddenly confess all to his sons, who then went to the FBI? Then later, he didn’t fight anything in court, instead he pled guilty. Remorse? No way. A few months before the confession his wife put a…

Madoff family forfeiture of all assets likely

Bridgeport CT lawyer Rich Meehan writing in The Cool Justice Report If the prosecutors prove that the defendant — through his criminal conduct — acquired the assets, the court can order the property forfeited despite the title appearing in Mrs.…

Madoff’s accountant indicted

David Friehling, the do-nothing accountant for Madoff who apparently never actually did an audit, is now facing 105 years in prison. Gary Weiss That’s a lot of time. How much time will it take for him to flip? My guess…

On Madoff not pleading guilty to conspiracy

Some say Madoff didn’t plead guilty to conspiracy because he wanted to protect his wife, two sons, employees, and friends. But does that make any sense? The feds, of course, are going to investigate and probably prosecute all of them…

Plea Allocution. Bernard Madoff. March 12, 2009

The Wall Street Journal has the PDF “To the best of my recollection”, the fraud started in the early 90’s, says Madoff. Goodness, what a foggy memory. Yes, he was contrite in court today, but that could be jailhouse religion.…

Next targets in Madoff case

Lucinda Franks in the DailyBeast reports at least 20 people in three groups are now targeted by federal investigators; employees in his firm, feeder funds, and those involved in money laundering funds in London. This includes his wife, sons, and…

Madoff: Curioser and curioser

Why is Madoff pleading guilty to charges that will put him in prison for the rest of his life? Further, the government now says they are no longer bound by an agreement to not go after his wife’s $80 million.…