10 March 2009

Madoff is Pleading Guilty Without a Deal


Reports are that Bernie Madoff is pleading guilty WITHOUT a deal with the prosecution?

Is there a separate deal with a third party?

He gets to live, albeit in prison, if he doesn't testify about who he worked with and where the money came from and went?

Follow the money (if you can).

According to the US government the total of the Claimed Account balances is now $64.8 Billion with $170 Billion in forfeitures.

Bernie beats the estimate of $50 Billion stolen. Rally time.

Oh and according to Bloomberg, the judge has ruled that the only victims who will be allowed to speak on Friday in court will be those who do NOT think Bernie should be sentenced to any jail time.

Do the thousands of other less forgiving victims get to have their say in a free speech zone in the south Bronx?