How long until we find Bernie has absconded to Israel, folks?
Related: SEC Mum on Madoff Delay
Zionist AmeriKan MSM Getting Defensive Over Madoff
Doesn't the special and quiet treatment tell you something?
"Madoff bail decision scheduled for Monday" by Bloomberg News | January 10, 2009
NEW YORK - Bernard Madoff will learn at noon on Monday whether he'll be jailed while awaiting trial over accusations that he cheated investors in what he said was a $50 billion Ponzi scheme, a court spokesman said.
US Magistrate Judge Ronald Ellis in New York, presiding over the criminal case against the investment adviser, will issue his opinion at that time, according to a spokesman who declined to be identified. Madoff is now free on $10 million bail at his $7 million apartment in Manhattan.
WTF? Why isn't he in a jail cell?
Manhattan federal prosecutors on Monday asked Ellis to jail Madoff because he mailed items including a diamond bracelet and watches to family members and friends in violation of a court-ordered asset freeze. They said Madoff's actions suggest he may flee and is a danger to the community, which would be grounds for revoking his bail.
Yeah, he BREAKS the COURT ORDER and yet he is STILL LIVING AT HOME! Would any of us receive such treatment?
In a letter to Ellis two days later, Madoff's defense lawyer, Ira Sorkin, said his client didn't know the order from a related civil lawsuit by the Securities and Exchange Commission applied to his personal items. Sorkin didn't return a call yesterday on Ellis's decision to wait until Monday to rule on the request to jail Madoff while he awaits trial.
I'll remember the IGNORANCE excuse next time I find myself in trouble with the law! You know how well that flies, right?
Sorkin had said other steps besides revoking bail could be taken to address the government's concerns, including putting all of Madoff's jewelry in escrow and having guards search outgoing mail.
Why should TAXPAYERS have to PAY to ACCOMODATE this CROOK, huh? Just THROW HIM in a CELL because we are ALREADY PAYING for that!
On Monday, prosecutors said Madoff violated a court order in the SEC lawsuit by mailing Cartier and Tiffany watches, a ring, a diamond bracelet, a diamond necklace, and other jewelry in an effort to "dissipate" his assets. The property was worth more than $1 million, they said.
What a SCUM!!!
"In the face of a direct and clear order of a court, he violated the order," Assistant US Attorney Marc Litt wrote. In response, Sorkin told Ellis that Madoff is presumed innocent and may only be jailed if he poses a threat to the community or to flee.
Yeah, except HE CONFESSED, asshole!! What a LYING SHIT for a LAWYER, huh!!!!
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More damage from Madoff:
"Hub hedge fund to close on Madoff investments
Hedge fund firm GMB Capital Management is shutting down a fund that lost more than $50 million on bad bets that included putting money with accused swindler Bernard Madoff, according to sources familiar with the matter.
The Boston-based GMB Low Volatility Fund LP, which had more than $100 million in assets, began liquidating late last year, the sources said. GMB Capital is run by MIT professor Gabriel Bitran and his son Marco.
Low Volatility Fund once wooed investors with the promise it would rely heavily on Bitran's complicated algorithms to deliver low volatility where prices almost never change. Instead, the father and son team appears to have done exactly the opposite, funneling a big chunk of money to Madoff, a financier accused of running a $50 billion Ponzi scheme, the sources said.
GMB Capital, which manages other portfolios in addition to the Low Volatility Fund, did not return a call. Nearly four weeks after Madoff's arrest, GMB Capital is the latest player in a scandal that has vaporized millionaires' fortunes, forced a handful of charities to shut down, and been linked with at least one suicide.
Of which the MSM will investigate no further: The Madoff Cover-Up Begins
So where these MIT guys agents and conduits for Madoff, or were they bilked by him?
It has also embarrassed some of the investment management industry's brightest stars, who trusted Madoff without receiving real details on how he actually made money.
Yeah, and the Zionist, corporate media has to hush that up, too!
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