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Madoff assets reach $1B
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DrTorch Offline
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CrappiesDonatorsBalance of Power Contest
Post: #1
Madoff assets reach $1B
Wow, investors may get 1% back. Not much, but better than nothing.

http://news.yahoo.com/s/ap/20090323/ap_o...ff_scandal
03-24-2009 09:10 AM
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WoodlandsOwl Offline
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Post: #2
RE: Madoff assets reach $1B
(03-24-2009 09:10 AM)DrTorch Wrote:  Wow, investors may get 1% back. Not much, but better than nothing.

http://news.yahoo.com/s/ap/20090323/ap_o...ff_scandal

They aren't finished yet. They will also go after all the property held by his wife, their kids, and his brother. They all worked for the business. That might bring back an additional $300 million or so.

The Feds ought to make a deal with the kids now. Show us all the money and property and you only get 15 years.
03-24-2009 09:47 AM
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SumOfAllFears Offline
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Post: #3
RE: Madoff assets reach $1B
(03-24-2009 09:10 AM)DrTorch Wrote:  Wow, investors may get 1% back. Not much, but better than nothing.

http://news.yahoo.com/s/ap/20090323/ap_o...ff_scandal

You forget that the lawyers are gonna take a chunk.
03-24-2009 06:10 PM
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