Bloomberg:
The Madoffs valued their net worth Dec. 31 at $826 million, including $700 million for Madoff’s ownership in Bernard L. Madoff Investment Securities LLC, according to a March 13 court filing. The firm’s brokerage has since been valued at no more than $10 million, according to Larry Tabb, founder of TABB Group, a financial-market research and advisory firm. The firm’s money management unit is likely to be unsaleable, analysts said.
“The $700 million number is probably a figment of Madoff’s imagination,” said Stephen Harbeck, president of the Securities Investors Protection Corp., which is overseeing the liquidation of Madoff’s New York-based brokerage. “He put that value on the business while he was still conducting the fraud.”
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1 comment:
Madoff business worth 10 million and I'm Jackie Potter. Madoff has been working this scam since the 80's and he's smart enough to have put billions away as his partners know. Now the only question is how will Madoff get out of jail to spend his cut. My guess is right now the Media is leaking stories of Madoff's bad health. Look for a death to be reported and a hidden body coming out of the jail for a quick Jewish burial. It's worked before and it will work again as long as the right people are paid. It will be a great big payday for some guards in the jail and of couse the cops will be in the dark as usual. The Media will see Mrs. Madoff crying and then she will leave to recover from the death of her beloved husband. Republican crooks have to health problems when necessary.
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