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Forum Post: Madoff family forced live on $82 million

Posted 13 years ago on Nov. 8, 2011, 4:09 p.m. EST by JohnnyO (119)
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Democrat Bernie Madoff's family is ruined:

Bernard L. Madoff’s family would keep about $82 million of “other investors’ money” under a ruling that limited a bankruptcy trustee to claiming from the owners of the New York Mets only two years of withdrawals from the Ponzi scheme, according to a court filing. The confidence man’s family took out $141 million in the six years before Madoff’s firm went bankrupt in 2008, of which less than $59 million was taken in the two years before the bankruptcy, trustee Irving Picard said in a filing. Many other investors are trying to hang onto “stolen” money from fictitious trading that belongs to customers who took losses in the fraud, he said.

http://mobile.bloomberg.com/news/2011-10-27/madoff-family-may-keep-82m-under-mets-ruling.html

These rich liberal Democrats can't possibly live on that!!

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[-] 0 points by JohnnyO (119) 13 years ago

Madoff got caught. Rubin, Corzine, Fuld, all big liberal democrat bankster/bundlers did not. Shame.