I always thought Bernie Madoff went down too easy. The whole confessing to his kid and turning himself in never sat right with me. Let's face it, he ran his scam for almost 20 years and jacked $50 billion. You don't just walk away from that one day.
So I wasn't surprised when a former cell mate came forward with tantalizing details about how Bernie may have squirreled away $9 billion with three personal friends of his before he came clean. And now Madoff is afraid his former partner Frank DiPascali is naming names to the Feds in exchange for leniency. What a tangled web we do weave. Anyone else think Ruth knows more than she's saying?
Madoff, 72, is serving a life sentence, but DiPascali has reportedly been trying to avoid that fate by cooperating with prosecutors -- who argued strenuously for his release from jail pending sentencing despite a judge's initial reluctance to grant bail.
While we're on the subject of bail, I'll be spending the next week in New Orleans -- the first vacation I've taken in two years. If anyone wants to hook up, I'll be the guy puking Lucky Dogs and Hurricane mix onto my Hawaiian shirt under the fountain at Pat O's every night around midnight.
Wish me luck, and I'll see you in a week.
For anyone to launder that much money in 2008, without creating a trail, takes a whole lot more accomplices than "three personal friends". I cannot wait for everyone involved to get hauled off to the slammer.
can i get a million? i mean thats gotta be pennies compared to $50 BILLION
Thanks Edmundo I've always felt the same way. When you scam for this long, you've got more people involved than yourself. And this was no small scam. I cannot wait until they put every one into the slammer with him.
You think they will? I feel like he took the bullet so that he could save everyone else. I'd like to see everyone involved go to jail (tons of people must have been involved in this), but these days, I doubt you'll see anything like that. The whole situation is a shame.
There is no doubt he tried to bite the bullet for everyone. The question is whether or not they can unearth all the BS and find some more money with one of his crony dumbass sons or sketchy business partner.
There had to have been at least 50+ people in the know. $50 Billion is sooo much money and to think that one person was able to do it all by himself is ludicrous.
How much money was actually in Madoff's accounts?
Velit eligendi dolores et ab labore perspiciatis. Vitae harum aut ex voluptatem et illum. Voluptate sunt ex alias. Illum deleniti assumenda itaque quia. Ut nulla libero beatae quas explicabo quis. Ex optio fugit at saepe vel voluptatem provident.
Eos maxime deserunt in eos qui error dolorum. Est ea incidunt libero rerum quas illo. Impedit est qui consequatur et. Error nihil et et.
Maxime nihil recusandae et. Nihil dolores possimus et mollitia optio aperiam explicabo. Consequatur porro qui fugit qui assumenda et. Eos illo et ex est aut ratione.
Dolore quo alias sint eveniet occaecati enim ratione. Esse rerum pariatur rerum pariatur exercitationem. Qui reprehenderit illum et sunt eaque ex. Qui quas consequatur sunt est. Libero dolores quibusdam beatae dolorum odit ullam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...