Madoff Pig Tries To Keep Fancy Sty And $62 Million. Fuck. Him. Royally.

[cali]

Ruth Madoff’s Lawyers Try to Have Her Retain Assets
Published: March 2, 2009

Lawyers for Bernard L. Madoff have asked that prosecutors be barred from seizing the New York City apartment of the Madoffs and $62 million in bonds and cash that they say belong to Mr. Madoff’s wife, Ruth, and “are unrelated to the alleged Madoff fraud.”

The request was acknowledged, but not granted, in court documents filed on Monday both by federal prosecutors and the trustee overseeing the liquidation of Mr. Madoff’s estate for the benefit of his former customers.

Mr. Madoff’s assets were frozen in December after he was arrested on charges of operating a worldwide Ponzi scheme, with losses he reportedly said were as high as $50 billion. His wife agreed to a voluntary asset freeze in January.

Since then, a court-appointed trustee, Irving Picard of Baker & Hostetler, has worked to identify and sell assets of the estate.

In an application on Monday to Judge Louis L. Stanton of United States District Court in Manhattan, Mr. Picard asked that Mr. Madoff be allowed to “voluntarily transfer” other assets — including his stake in his brokerage firm, artwork and corporate tickets for various entertainment events — to the trustee for liquidation for the benefit of his former customers.

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http://www.nytimes.com/2009/03/03/business/03madoff.html

That this asshole isn't behind bars, but living in his luxurious penthouse, speaks volumes. And frankly, it wouldn't break my heart to see Ruth on the street.

[hobbit709]

1. It was a scam from Day 1

So everything he owns should be forfeit. If they can seize some pot grower's land, then they can take ALL of Bernie's assets.

[geckosfeet]

2. Hey Bernie. Come buy the $400k colonial next to me that has been on the market for over a year.

You could restore it. That would help out the neighborhood by filling a vacant home and fixing it up. It would also help the bank that owns the place.

Of course, we would have to put up with your sorry ass in the neighborhood, but we will consider it doing our part to have you provide restitution to THE PEOPLE YOU FUCKED UP!

[Vinca]

3. How could the wife be pure as the driven snow?

Hubby just happens to bring home tens of millions of dollars and she doesn't inquire how he got it? No way in hell should they keep anything. Give them $7,500 and send them to Detroit to find a home.

[elZaphod]

6. "Pure as the driven slush" -ZZ Top

Classic line.

[sarcasmo]

4. Why is he not in JAIL. I am outraged he walks free.

[elZaphod]

5. Innocent animals being drafted into the Madoff scam machine!

Apparently they should limit his "walks" as well:

http://snowedinbunker.blogspot.com/2009/01/madoff-accused-of-smuggling-valuables.html">Madoff Accused of Smuggling Valuables out in Dog's Rectum

[Mari333]

8. omg!and welcome to DU...:)

unbelievable.

[cali]

9. please, please, please tell me this article is satire.

[Canuckistanian]

13. That's hilarious

A guy with a limousine picking up the dog's poop and speeding away...

[Vickers]

7. "unrelated to the alleged Madoff fraud"

Of course they are unrelated, I mean DUH!

So, let's see some tax filings on how you made all of that money...

:eyes:

[stray cat]

10. It sounds like his wife will get to keep it - thats crooked

[cali]

12. it hardly looks like that.

I doubt very much that he or his wife will get to keep those assets. Just because they're trying doesn't denote success.

[KharmaTrain]

11. So Let's All Line Up For The Class Action...

That money doesn't stand a chance if Madoff is convicted of his ponzi scheme. The feds may not get it, but that doesn't mean the lawyers won't. If anything, there's a big target not put on this scumbag's fortune for those who feel they need restitution. "Volunterily transfer"? Yeah, right...I imagine there are a bunch of high profile lawyers salivating at going after both Madoff and his cash.

[Canuckistanian]

14. He's trying to dictate terms?

What part of 'having all his assets frozen' does he not get?

Where are the prosecutors and judge on this?

[mod mom]

15. They should not only strip him and his family of every asset but throw his sorry ass

in a non-Club Fed prison. He needs to be made an example of!

[ProgressiveProfessor]

16. Sort of reminds me of OJ and his move to Florida after he lost the civil suit