The sons of Bernard Madoff, who is accused of orchestrating a massive Ponzi scheme, alerted prosecutors last week that their father mailed them jewelry, watches, and other items in violation of an asset freeze, his lawyer said.
U.S. prosecutors today asked a federal judge to revoke Madoff’s bail because he violated the freeze. U.S. Magistrate Judge Ronald Ellis asked for legal briefs by Jan. 7 from the government and from Madoff, who remains free in his Manhattan apartment on a $10 million bond.
Madoff mailed five packages of items, including “some very valuable jewelry,” after his assets were frozen by a judge in a related civil lawsuit, said Assistant U.S. Attorney Marc Litt in court today. Defense lawyer Ira Sorkin said the objects, which included pens and $25 cuff links, were heirlooms innocently sent to Madoff’s children and brother, Peter.
Showing posts with label marc litt. Show all posts
Showing posts with label marc litt. Show all posts
Monday, January 05, 2009
Madoff Tries to Hide Jewels
This guy gets creepier by the minute:
Labels:
bernard madoff,
ira sorkin,
madoff heirlooms,
madoff jewelry,
marc litt
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