Madoff's Offshore Stash

Bernard Madoff may be headed to jail, but it looks like he could avoid the poorhouse. According to the New York Post, Madoff is believed to have stowed hundreds of millions of dollars of profits in offshore accounts in the Caribbean and Europe. That's bad news for investigators who are hoping to recover Madoff's money, since "the tax havens are designed under local laws to be nearly impervious to subpoenas or other investigative inquiries, making it notoriously tough for US officials to seize or even see what's there."