"Madoff takes step toward guilty plea; Accused swindler waives right to have grand jury hear case" by Beth Healy, Globe Staff | March 7, 2009
He CONFESSED, damn ya!!!!
New York investment manager Bernard L. Madoff appears to be close to pleading guilty to swindling clients out of billions of dollars, after federal prosecutors yesterday said he is waiving his right to have his case reviewed by a grand jury.
Lawyers for Madoff, who could spend the rest of his life in jail, have been negotiating with the US attorney's office in New York. They did not confirm yesterday whether Madoff would, in fact, plead guilty. It was not yet known what charges Madoff would be admitting to - details that will be part of determining his ultimate sentence.
The guy should be thankful we don't kill him.
The disclosure came in a brief court filing by prosecutors yesterday in which they said they expected to soon directly charge Madoff. A plea deal is not a surprise given that Madoff allegedly confessed to authorities on Dec. 10 that he had masterminded a multibillion-dollar fraud, according to a complaint prosecutors previously filed in federal court.
I really can't take much more of this MSM bulls**t.
"What's not a surprise is that the government is going to be able to get a conviction in this case," Boston securities attorney Dan Rabinovitz observed. "Clearly they have a mountain of evidence that he committed a crime."
Then LET'S SEE IT!!!
Also this week, Massachusetts Secretary of State William F. Galvin sought a default judgment against a Madoff-related firm, Cohmad Securities Corp., after the brokerage failed "to respond in a timely fashion" to an administrative complaint brought against it last month. Cohmad, which is based in New York and has a license to operate in Massachusetts, this week filed a motion saying it had not responded to the state's complaint because it was too vague.
How many businesses can get away with that? Could you, Mass. resident?
If granted, a default judgment would put Cohmad out of business in Massachusetts. Cohmad employs Robert Jaffe, a broker from Weston who directed investors to Madoff's funds... He is a member, by marriage, of the Shapiro family, wealthy Boston philanthropists who have lost hundreds of millions of dollars with Madoff.
Yeah, yeah, we know about the incest of the Joos: Defending Madoff
Jaffe has stepped down from the board of overseers of the Beth Israel Deaconess Medical Center in Boston, hospital spokesman Jerry Berger confirmed. A healthcare workers' union had called for an investigation of his involvement with Madoff.
Related: Hospital Union is Anti-Semitic
Jaffe, a contributor to Beth Israel and an active fund-raiser for other medical institutions, was primarily a goodwill ambassador for the hospital. Beth Israel officials declined to comment on his decision to step down.
And look at what the Globe's investigative unit comes up with today:
"Ruth Madoff will hire her own lawyer" by Bloomberg News | March 10, 2009
NEW YORK - Ruth Madoff, the wife of accused con artist Bernard Madoff, plans to hire her own attorney, according to a lawyer at the firm that represents the couple.
Sort of becoming a pattern, isn't it?
Ruth and Bernard Madoff have been represented by Ira Sorkin and Dan Horwitz at Dickstein Shapiro LLP in New York. Horwitz said Ruth Madoff will hire her own lawyer. "The need arises because of her being named in two civil actions," Horwitz said.
Sorkin also has a conflict-of-interest, but I guess that doesn't matter.
Bernard Madoff, 70, is scheduled to appear in federal court today where a judge will explore whether Sorkin, whose father invested with Bernard Madoff, has a conflict of interest. He is to appear in court again Thursday. Acting US Attorney Lev Dassin yesterday told US District Judge Denny Chin, who will preside over the hearings, that prosecutors received 25 e-mails from victims asking to speak at Thursday's hearing.
Last week, US District Judge Louis Stanton, who is presiding over a lawsuit against Madoff by the Securities and Exchange Commission, said the money manager's lawyers claimed that Ruth Madoff alone owns a Manhattan apartment, $45 million in bonds, and $17 million in cash. The attorneys said Ruth Madoff claimed those assets are "unrelated" to the alleged multibillion dollar Ponzi scheme orchestrated by her husband.
How can they NOT BE RELATED?
Update: Madoff and the Sorkin Affair Growing questions are being asked by legal scholars and Wall Street veterans over the background role that Bernard Madoff’s attorney, Ira Lee Sorkin, played in 1992 that may have resulted in Madoff looting investors for an additional 16 years. That question now takes on heightened urgency as Sorkin negotiates a plea deal for Madoff that would avoid the antiseptic sunshine of an open courtroom trial...."
