March 03, 2009 05:00 PM
Madoff: Entitled to Penthouse - And $62 Million
Because the rich are so very different from you and me:
NEW YORK (CBS) ― Bernie Madoff is accused of fleecing his clients out of billions, but he said Monday he shouldn't be forced into the poorhouse.
His lawyers are arguing that Madoff should be entitled to keep the $7 million apartment he's currently being held in while under house arrest and $62 million, including $45 million in municipal bonds.
Court papers filed on Monday state that Madoff and his lawyer say the Manhattan penthouse and the millions held in accounts of Madoff's wife, Ruth, are not subject to seizure.
The court papers say Madoff claims the apartment and the money are unrelated to a $50 billion fraud Madoff has been accused of carrying out.
Won't the civil suits leave him with nothing? Assuming of course he doesn't end up in jail?
and get to keep the shit. He'll die before that.
me-oww!
If I don't pay my taxes, the IRS will put a lien on my house, whether I am current with my house payment or not (I've actually paid it off). How could a person's criminal liability not apply to part of their property? Makes no sense.
So that makes him "special," in his own eyes.
I've never seen change without a fire
The ONLY thing that mofo is entitled to is to getting down on all fours and kissing the people's collective arse. Oh, and a front row seat in Hell.
But, obviously that ain't happening anytime soon.
I've never seen change without a fire
.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
impossible that the money and apt are "unrelated" to the $50 billion fraud.
where'd it come from, did he have a newspaper route or work a nightshift??
This piece of crap shouldn't be allowed to be a greeter at Wal-mart. Madoff and his wife should be tossed out on the street. Heaven know they put enough people out on the street themselves.
I guarantee you that your average Wal-mart greeter has more integrity and nobility in his pinky than this pig will have in a thousand lifetimes.
I've never seen change without a fire
I've got a friend who's a Wal-mart greeter. DO NOT compare a friend of mine to Madoff. I'll stick you with a knife.
is intended to be a factual statement
Were both CONTRASTING Madoff to a Wal-mart greeter. NOT comparing. Both are saying greeters are much better than Madoff. Don't be so quick to grab that knife.
Yep, that is definitely what I intended with what I said. Greeters are indeed much better than Madoff.
I've never seen change without a fire
First of all... Congratulations on having a friend...
Second... I gave your friend a compliment. At least he has a job.
Third... Chill out dude... and quit threatening people
What if Madoff was a 22 year old black kid from Harlem "accused" of selling pot? Would he be afforded the same as Madoff? Using the money he got from selling pot...excuse me...acussed of selling pot to hire lawyers or bail himself out?.
Beck likes to scare us into thoughts of class warfare because the rich are going to suffer from Obama's policies. Truth is the class warfare has been going on for many years. They have the money, the power, the cars and the chicks. They're the top two percent in this country, we are the majority and deserve the rights.
For people like Rush, cry me a river and walk a mile in my shoes.
is intended to be a factual statement
That 22 year old black kid could have had his house or his parents house seized by the feds and any other asset tangentially connected to the offense, even without an conviction. We need to demand that it's not only Bernie who feels pain on this but his entire family. His wife, his kids, his brothers, everyone who is in any way related to him needs to have all their assets seized and frozen until this mess is sorted out and if any of them had any involvement in this massive fraud then everything they own should be forfeited. We cannot make it profitable to rip people off and we should not stand for it as citizens. A massive, far reaching draconian penalty may deter the next Madoff but anything less simply reinforces this criminal behavior.
Like he said . . and he could blow the whole lid of this whole farce on the stand. (That the reason for all the delicate handling of this case?)
"Nobody has nuttin. It's gone, over, worthless, bye bye".
The public gets wind of that and watch out.
Martha Stewart goes to jail for insider trading and this filthy thief gets to hang out in his multi-million dollar apartment sending his ill-gotten gains off to his family by Fed-Ex.
I've known for a long time that there is no justice but this is truly sick! He belongs in prison along with all of the thieves from the Bush regime including Bush.
I know, what Martha Stewart did was illegal and unethical as heck, but at least she served her sentence. For that I have to have a small amount of respect for her in that. Not so much for Madoff obviously.
I've never seen change without a fire
Because she contributed heavily to Democratic campaigns, she was scrutinized much more heavily than Republican contributors. The money she got from that insider trading was minuscule compared to what Madoff's Ponzi scheme netted him and the damage she did to at most extremely small compared to the many who have lost their life savings and may even be homeless as a result of Madoff. Yes, there is no justice in the world the Bushies created.
Thank you for that reminder, I do remember that she's been a great supporter of Democratic campaigns. No wonder why the GOP went after so hard.
FWIW, I actually watch Martha Stewart's crafting shows and enjoy them, even if I can't relate to her affluence.
It is horrible what Madoff has done to so many people. I wish I could say that I knew that there was some equally horrible punishment waiting for him in the wings, but I can't... :(
I've never seen change without a fire
is how they have rubbed our noses in it. It's like "What are you going to do about it?" and the answer has pretty much been "Nothing" and they waltz off into the sunset with all that money.
Molly Ivin's (God rest her soul) wrote that when Bush was Gov. of Texas he felt the rules did not apply to him and he proved it as President.
By the way, does anyone really believe Kenny (Boy) Lay is dead?
I sure as hell don't!
Last time I saw her on TV she was doing her best to smear her mascara all over, because people were being so unfair to her filthy family...
Where is that bitch now?
Martha Stewart spent more on her defense than she was accused of making through insider trading. The only people she "hurt" were already wealthy.
Ken Lay (of Enron fame) ruined thousands of livelihoods and retirements, but did he spend one day in the slam? No, died of a heart attack, if you can believe that. Any pissed off God worth his divine vengeance would have kept him alive another thirty years.
If anyone saw 60 minutes the other night, the story about how Madoff should have been caught earlier will make your head explode.
I’d lock him up in Davy Jones Locker!
Will be that since he never bought any securities at all, all evidence of fraud is not under the jurisdiction of the SEC, and is therefore inadmissible.
I say treat him like Citibank would treat one of their defaulted credit card customers. He can keep $2,000 of personal property like the clothes on his back, a car if he needs it to get to work, and a house if it's built like a cardboard box. All the rest is subject to seizure to pay his debts at 35% interest.
. . . isn't going to fly.
It isn't just the rich who have rights in this country.
The formerly rich have a few rights, too.
Somehow Mr.Madoff's ability to do what he is doing must be hitched to something bigger.
In view of Madoff's ongoing arrangement to stay on in his New York City penthouse from which he sent out expensive jewelry and gems before that loot was determined to be still there.
In view of Madoff's now being quite brazen about invoking any premise he is "entitled" to seven million dollar NYC penthouse or sixty million because these are in his wife's name.
Why is this guy getting such soft handling thus far?
Where did the ill gotten/stolen money go? No investments having been made. Fifty billion $$ went somewhere. Got parked or moved around somewhere. There must be some very interesting trails to somewhere.
Somewhere in the Middle East? Is this the connection that will save this liar and looter--this swindler and grifter? Is this the connection he and his lawyers are holding for the final trump play?
I believe the SEC was questioned before a congressional committee about why despite numerous warnings about Madoff's too good to be true returns, they did nothing. I believe the SEC sited national security as a reason not to respond to the question or provide any additional information.
And we all know that if you or I stole $20, we could very well wind up in jail, but this guy gets house arrest? If that doesn't show that there are double standards in this country, I don't know what will.
This case is nothing like what has been portrayed on television, and there are reports that much of the money may have wound up in Israel.
This may have been as much a money laundering operation with US government participation -- and likely other governments besides. The thing that really blew me away about this case was a number of large US and European banks were also "customers" of this guy, yet people investigating this say there is no evidence Madoff made any trades at all. Banks seriously assess risk: you telling me none of then caught onto this? They must have known as well that this guy was dirty.
Mark my words, this guy will walk free or die a death like Ken Lay. He's not suffering now, nor will he. (Interesting that a few people who were intimates have died recently, though.)
And if Obama wanted to send a clear message, he could insist that this guy be in jail where he belongs awaiting trial. But there are two sets of laws today; one for the insiders and one for the rest of us. And Obama ain't going to change that either.
THE BLOODY ISRAELI net of invisability will get thrown over this mother-f°°ker for sure. It will be a matter of BLOODY ISRAEL'S 'security' gag!!!!!! And, pray-tell what ever happened to Abramoff???????? Seems like he got the INVISABLE treatment, too.
That shit doesn't work for drug dealers. They lose it ALL, even when they have proof that they bought stuff w/ legally obtained funds.
me-oww!
is unconstitutional.
Most laws and mechanisms federal and state agencies use to prosecute drug crimes are actually fully unconstitutional.
In Drug offenses the state is allowed to put the burden of the proof on the accuser. Which goes against the basic principle of US justice, in which the state has the burden of the proof.
Furthermore, the state can seize all your assets until you prove your innocence. Which makes it difficult for the accuser to hire a decent lawyer. If you are a two bit drug dealer or user, you will be stuck with a public defense lawyer. Which pretty much means they are SOL.
But hey, shredding the constitution is a small price to pay for making sure that soccer mums everywhere get to pretend little Johny is not going to have any weed to smoke...
I won't advocate that Madoff should be killed. I am not saying that a group of armed men should break into his multi-million dollar home and drag him by the hair out of his comfy bed and then gut him like a rabbit. I would never advocate that kind of violence. I would be saddened to hear about the death of a man who has stolen from so many and is being treated by the justice system like a sacred cow.
I'm not saying violence should be done to the man.
I am saying I wouldn't be surprised.
Made Off is the poster-boy for the republicans. He made his money by stepping on the backs of poorer folks and laughed all the way to the bank. His wife, simply for the fact that she is his wife, is an accessory and should bear the blame also. Both should, if there is any justice at all, lose all their assets, money, etc. and then serve a LOT of jail time.
But, of course, that won't happen. Sad.
I've read the list of names of people defrauded by Madoff, and like a good Zionist, he bilked his own, too. Guess he does know who the fools are who will part with $$$$
So where did the money for his lawyers come from? They can't be paid with money that can be directly linked to a crime. Is that why their trying to save the $62,000,000.00?
Madoff screwed plenty of powerful people.
They tend to eat their own. I tend to think Madoff would be actually be willing to go to prison for the protection it offers from the people who will more likely "take care of him." If you know what I mean...
and he is now financially devastated.
He ended up almost becoming what he was trying to denounce through his books. A sadder fate for a human than losing his fortune, IMHO.
or the bastard would be in jail and penniless.
Make the bastard live in one of the abandoned crack houses here in Indy.
Dude has cost us enough already. The last thing I want to pay for is his incarceration.
He gets to stay in his $7 million apartment.
On the other hand, I would have to lose weight so I could use my raincoat as a tent.
Outwestern....... Political Cartoonist Take Notice!
Please forward your analogy to the Justice Dept., CNBC, White House,
etc. etc. etc.
Kudos!
Then he'd be looking at some hard time in SingSing
You've got a reality show brewing here! Madoff the Miser! Here's the deal: One year of observing Madoff working as a regular Joe and seeing how he handles it! Oh come on. Advertisers would love it! Geico, AIG....
I think this guy is just the tip of the iceberg. I think the entire financial sector is one big sham.
What job did she have other than being a crooks wife???
made a brindle...
What's wrong with Americans? Madoff should be dragged out of his penthouse and shot by firing squad along with all those other capitalist pigs who wrecked our economy. If ever there was a time to declare Martial Law and institute military tribunals and firing squads to rid our land of that scum, this is it.
Of all the F'n audacity and brass balls!!!!! He really does live in alternate universe! I am speechless,though I shouldn't be.Just WOW.
As Eve Arden said in theClassic film Mildred Pierce" well,THAT certainly takes the cake for running,jumping,and standing gall!"
Does he have NO decency,shame and embarrassment..
Dnurse Vegas
Is Phil Gramm hiding in Madoff's penthouse?
it shouldn't matter if the manhattan penthouse or the money in his wife's accounts are "not related" to his theft of 50 billion dollars. how can that claim be made anyway? is he claiming that that money had nothing to do with his business activities and can he prove that claim? he has creditors, and they should all be paid with whatever money and assets are available. these should all be confiscated and liquidated and whatever debts he owes should be paid as far as can happen, which won't be 50 billions of dollars worth. it should be determined where that money went by a thorough investigation. if madoff is left penniless, he'll just have to start over, like millions of other people who lost everything, have nothing, lost their jobs, and have to start over from scratch. it's hard for me to feel sorry for bernie madoff. he can experience life like many others these days are experiencing it, the hard way.
also, what makes him exempt from real prosecution. personally, i would rather see him penniless and out on the street rather than in jail at taxpayer expense. let him fend for himself on the street, penniless, without a job, without money. that seems more like poetic justice to me. but he should be fully prosecuted and not be exempt from it.
All Crimes are not crimes to be prosecuted....
There are one set of rules and laws for the elite and
There are rules and laws for the average working American that will be inforced and padded if necessary...
Why isn't Bush picked up and held without charges and a lawyer for his terrorist acts on our country!!!!!!
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