{"id":3334,"date":"2009-01-07T11:08:35","date_gmt":"2009-01-07T17:08:35","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=3334"},"modified":"2011-11-19T22:41:29","modified_gmt":"2011-11-20T04:41:29","slug":"madoff-7-million-apartment","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/madoff-7-million-apartment\/","title":{"rendered":"Commit One of the Largest Financial Crimes in History, Continue to Live in Your $7 Million Apartment"},"content":{"rendered":"

As our friend Bernard Madoff waits around for the wheels of justice to move in his “alleged” $50 billion Ponzi scheme… he’s been a busy boy.<\/p>\n

No, he’s not sitting in jail, where a fraudster of his magnitude deserves to be. Instead, he was allowed to post a $10 million bond, and is nice and cozy in his $7 million Manhattan apartment<\/a>. What a hardship!<\/p>\n

Oh, that’s right. He hasn’t been convicted yet. Innocent until proven guilty? Madoff could make this simple. Show me the money.<\/strong><\/a> If the $50 billion is produced by him and turned over to his clients, then I say we let him go free and consider him innocent. If he can’t show us the money, then we can draw the logical conclusion.<\/p>\n

As if it’s not bad enough that he’s living in the lap of luxury instead of a jail cell, Madoff and his wife seem to have engaged in a bit of shenanigans.<\/p>\n

The government is (naturally) concerned about preserving the Madoff’s assets so that victims might get at least a little of their money back.<\/p>\n

The prosecutor is asking to have Madoff’s bail revoked as he and his wife were caught mailing valuables to friends and relatives<\/a>:<\/p>\n

Specifically, the defendants sent a package containing a total of approximately 13 watches, one diamond necklace, an emerald ring, and two sets of cufflinks. The Government has been informed that that the value of those items could exceed $1 million. Two other packages \u2014 containing a diamond bracelet, a gold watch, a diamond Cartier watch, a diamond Tiffany watch, four diamond brooches, a jade necklace, and other assorted jewelry \u2014 also were sent to relatives. . . the defendant and\/or his wife sent at least two additional packages (contents unknown) to the defendant\u2019s brother and an unidentified couple in Florida.<\/p><\/blockquote>\n

Whose idea was it to let Madoff sit in his plush home while he waits out the Feds?<\/p>\n","protected":false},"excerpt":{"rendered":"

As our friend Bernard Madoff waits around for the wheels of justice to move in his “alleged” $50 billion Ponzi scheme… he’s been a busy boy. No, he’s not sitting in jail, where a fraudster of his magnitude deserves to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1186],"tags":[1188,1187],"class_list":["post-3334","post","type-post","status-publish","format-standard","hentry","category-ponzi-schemes","tag-bernard-madoff","tag-bernie-madoff"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-RM","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/3334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=3334"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/3334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=3334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=3334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=3334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}