Nordwave Florida

“Oy Vey caught with my hand in the cookie jar”. He Jewjitsu his own people! Remember you are suppose to steal ONLY from the dumb goyim not your own people. How will the insanity plea work on this one when he remembers to pay his family and friends?!

NEW YORK – Prosecutors said Thursday that investigators found 100 signed checks worth $173 million in Bernard Madoff’s office desk that he was ready to send to his closest family and friends at the time of his arrest last month in what is alleged to be the largest financial fraud in history.

The detail was provided in a court filing Thursday as prosecutors argued that Madoff should have his bail revoked and be sent to jail. They said the checks were further evidence that he wants to keep his assets away from burned investors in a more than $50 billion fraud.

In the filing, Assistant U.S. Attorney Marc Litt said Madoff cannot be trusted because he had long engaged in a “scheme that required the defendant to lie routinely to thousands of people and a scheme which has caused extraordinary damage to individuals, families, and institutions all over the world.”

The judge was expected to rule today or Monday whether Madoff should be sent to jail or remain free on bail, confined to his luxury Upper East Side penthouse with an electronic ankle bracelet and under 24-hour guard.

http://www.orlandosentinel.com/services/newspaper/printedition/friday/orl-madoff0909jan09,0,5992764.story

While Bernard Madoff is being investigated for his alleged $50 billion fraud scheme, a report says he is considering an insanity defense.

“Bernie’s family and his attorneys may argue that, somewhere along the line, he had a mental break,” a Madoff acquaintance told the New York Daily News.

“They may even say he has a multiple personality disorder,” the source added

Madoff’s business began to collapse this fall as investors, hit by the financial crisis and seeking cash, started taking money out faster than Madoff could bring fresh cash into the country.

A quiet force on Wall Street for decades, Madoff was arrested on December 11 after confessing to his two sons that his entire business was “a giant Ponzi scheme.”

The case is still viewed more with mystery than clarity and regulators have not yet verified the scale of the fraud, which may rank among the biggest scams ever.

The FBI and the Securities and Exchange Commission (SEC), the Wall Street regulator, are investigating Madoff and individuals who may have helped him overseas.

Meanwhile, Madoff’s family fears that he may follow suit in the footstep’s of Rene-Thierry Magon de la Villehuchet, a Madoff client who slit his wrists last week.

“He has a very low affect. Bernie barely speaks,” the Daily News quoted a source as saying.

Madoff’s attorneys are expected to argue that he committed the fraud during manic and euphoric periods or that he was so delusional that he convinced himself the investment returns were real.

Authorities say thousands of people are caught up in the apparent multi-billion-dollar scheme.

According to Times Online, the federal investigators believe Madoff would not have been able to pull off a fraud of such magnitude without significant international assistance.

The 70-year-old financier, the former chairman of the Nasdaq stock market, is currently under house arrest in his $7 million New York City apartment.

http://www.presstv.ir/detail.aspx?id=79918&sectionid=3510203