Word: madoff
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...worth it, Mr. Madoff? You knew all along, but you kept it going, you kept it quiet. You had the ability to end it years ago, you could have saved thousands of loved ones, friends, retirees and charities from financial ruin, but you kept going deeper into the quicksand of your crime, without a struggle, without remorse, as if our lives and yours were just another deal...
...judge agrees to Madoff's guilty plea, there could be a delay of six months or more before sentencing, according to Isabelle A. Kirshner, a former assistant district attorney and now a partner at Clayman & Rosenberg, New York...
...possible he could be jailed immediately after his plea hearing this week," said Kirshner. "He's certainly had enough time to get his things in order." If this happens, Madoff would first be sent to either the Metropolitan Correction Center, across from the courthouse, or to Brooklyn's Metropolitan Detention Center, she said...
Without a plea deal, Litt is free to pursue other people who may have been involved in the crime, including Madoff's family members and associates. Madoff has already forfeited millions of dollars from his company and personal assets, including homes, boats, planes and artwork. His wife Ruth Madoff is fighting to keep the penthouse and some $62 million in other assets, claiming they are not part of her husband's property...
...France, according to data supplied by Markit. Those swaps are gambles that America will renege on its financial obligations. Being on par with France is even more humiliating than if we were compared to Cameroon which had a GDP of only $44 billion last year, less than Bernie Madoff took from his clients. (See pictures of the Demise of Bernard Madoff...