Word: littlies
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...Litt, who in mid-December took on the even juicier task of prosecuting Bernard Madoff, is deliberate, with an extreme attention to detail. He has a cool head, but friends love pointing to his dry sense of humor. For example, he once told a dentist he was examining in court that he was looking forward to finally having a dentist in his chair. In a recent court brief he quoted Shakespeare. "The irony of the [defense's] casting of his argument in terms of the Lady Macbeth line, 'Out, damned spot! Out I say!,' Litt wrote, "is [an irony...
...accepted a role that brings with it enormous public scrutiny, which could be uncomfortable for a guy that is said to be low key. "He is the opposite of a press hound," says Glenn Colton, a partner at law firm Wilson Sonsini Goodrich & Rosati, who has worked with Litt...
...Litt won't have to seek out publicity anytime soon. The prosecution has already taken heat publicly for not initially asking for Madoff to be put behind bars, instead of agreeing to bail...
...actual prosecution case against Madoff may be pretty straightforward. He has already admitted guilt to a federal agent. What's more, Madoff is reportedly trying to negotiate a plea agreement that could conclude the fraud case against him without a trial. But that's just the beginning of Litt's work. Madoff took as much as $50 billion from investors around the world, working with dozens of feeder funds and other middlemen to lure money into his scheme. Litt will have to decide who among these people is at fault as well. And he will have...
What's more, Litt faced a setback this week when the judge refused to revoke Madoff's bail, after Litt revealed Madoff had sent more than a million dollars worth of jewelry to relatives in December. Some observers speculate prosecutors were using the threat of immediate jail time to pressure Madoff to give details on others who may have been involved in the fraud. On Wednesday afternoon, Litt returns to court again to argue that Madoff needs to be put behind bars...