Madoff certainly made off with the money. And this is the same man who may plead insanity.
But this just gets better and better:
Investigators believe that Bernard Madoff has stuffed hundreds of millions of dollars in Ponzi profits into offshore tax havens from which they could prove tricky to recover.
In the weeks since his Dec. 11 arrest, forensic accountants have been scouring Madoff's books as federal officials ready an indictment against the hated hedge-funder, who remains under house arrest in his $7 million Upper East Side penthouse.
The accountants believe Madoff regularly sent bundles of money to offshore accounts in the Caribbean and Europe, the Observer newspaper in London reported yesterday.
[...] The tax havens are designed under local laws to be nearly impervious to subpoenas or other investigative inquiries, making it notoriously tough for US officials to seize or even see what's there.
1 comment:
And Madoff's defense is he is insane right. An insame person who moves his stolen money off shore for protect. He has many homes all over the World. Bernard is one the of smartest men just like his friends in Israel. Even Olmert has been indicted for corruption yet he's the PM. Jewish people are now stealing from each other while illegally invading countries for steal land. Even Robert Toussie who robbed minorities has paid 40.000 dollars for a Pardon. Jewish cells are planeted in all areas of the US Govenment and bribes are used to control. Speaker Pelosi get her bribe as she says the US will back Israel even when they wipe out the Palesine people. Next Israel will invade Syria, Egypt and Iraq. Madoff like many Jewish people think they are above others and can do what ever they want and use the Holocaust to defend their actions. All those prayers and asking for forgiveness on Yon Kippur and Rosh Hashannah means nothing as God see's for Himself.
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