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Bid to Revoke Bernie's Bail
Bernard Madoff can't even give out presents without getting in trouble. This holiday season, Madoff and his wife shipped out $1 million worth of cufflinks, watches, and other personal property to family and friends, and federal prosecutors want him in jail for it. They claim that the gifts constitute a "dissipation of assets" that could harm investors trying to recoup their losses from investing with Bernie. "This is a man who should never have been out on bail," said Howard Kleinhendler, an attorney for a bilked investor. "He shouldn't be able to continue to communicate in an unfettered way to continue to move assets around." Ira Sorkin, Madoff's attorney, downplayed the prosecutor's request, explaining that some of the items were heirlooms.
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hello censures!
It doesn't matter if Bernie Madoff's giving out items that were in his family for generations, as 'heirlooms' would suggest. He conned people out of billions, now he's sending out expensive gifts to curry favor with people who'll be taking care of him after everything he has is rightfully taken away to start to pay back his victims.
It would be only fair to go back and see where all his gifts have been going, all the way back to when his Ponzi scheme began, and motion to take it all back. When you give stolen property away to friends and family, you turn them into accomplices and they risk jail time.. or is that only the case for non-rich people? Probably.
The people he bilked out of all their money lost plenty of heirlooms too as they sold them to make up for their losses. Of all the unmitigated gall to claim that heirlooms are somehow off the table of recoverable assets!
Everything he and his family own should be seized and sold. Every penny, watch, cufflink and shoelace he mailed out should be tracked down and recovered. He should be thrown in jail so his clothes can be sold on eBay. Does he have gold fillings? Somebody call a dentist!
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