Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

US seeks $100m of Madoff assets (BBC)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 07:09 PM
Original message
US seeks $100m of Madoff assets (BBC)
The US is trying to seize more than $100m (£71m) of property and assets belonging to disgraced US financier Bernard Madoff, prosecutors have said.

Homes, cars, boats, silverware and a piano are among the items listed as well as securities and other assets.

Some of the possessions are in the name of Mr Madoff's wife, Ruth.

Last week Mr Madoff pleaded guilty to a $50bn fraud and was sent to jail to await sentencing in June. He has appealed about being kept on remand.

An appeals court will hear the case on 19 March with his lawyers saying he should be released until sentencing because he never made any attempt to flee while under house arrest at his Manhattan penthouse.
***
more: http://news.bbc.co.uk/2/hi/business/7946660.stm
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC