tag:blogger.com,1999:blog-4640470443420164863.post9014537848432368310..comments2024-03-26T10:26:51.288-04:00Comments on Jim Leff's Slog: Maddoff: Rotten as Well as FilthyJim Leffhttp://www.blogger.com/profile/00007232702717055047noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4640470443420164863.post-65533365860347744222009-01-10T11:46:00.000-05:002009-01-10T11:46:00.000-05:00Interesting item in the January 12 edition of News...Interesting item in the January 12 edition of <I><B>Newsweek</B></I>, it is quite possible the bankruptcy court that will be the receiver in the Madoff case will go after any Madoff investors who were smart enough to pull their principal and "earnings" out before the Ponzi scheme was revealed, (either immediately before, of a long time before) and make them return it all, including the principal that originally came out of their own pockets.Big Fellahttps://www.blogger.com/profile/10518498513277607744noreply@blogger.comtag:blogger.com,1999:blog-4640470443420164863.post-88940660986324058952009-01-09T14:34:00.000-05:002009-01-09T14:34:00.000-05:00Joshi,Hard to call a guy "mad" when he bilked the ...Joshi,<BR/><BR/>Hard to call a guy "mad" when he bilked the best and the brightest for decades undetected. And of course, they'd have had to give the money back (if they'd not split the country or blown it all on hookers 'n blow). But my issue is with his impulse. He wasn't a desperate shnook unwilling to lose face. His instincts were those of a crook, pure and simple.Jim Leffhttps://www.blogger.com/profile/00007232702717055047noreply@blogger.comtag:blogger.com,1999:blog-4640470443420164863.post-65192481380594926002009-01-09T14:14:00.000-05:002009-01-09T14:14:00.000-05:00Stupid, and greedy, my latest on Bernie Madoff: ht...Stupid, and greedy, my latest on Bernie Madoff: http://sirenschronicles.com/2009/01/09/crooks-liars/Big Fellahttps://www.blogger.com/profile/10518498513277607744noreply@blogger.comtag:blogger.com,1999:blog-4640470443420164863.post-90064737453452419722009-01-09T13:52:00.000-05:002009-01-09T13:52:00.000-05:00actually, the unsent checks are a symptom of madof...actually, the unsent checks are a symptom of madoffs madness. even if he had sent them out and even if they were cashed the law would require the recipients to return the money.<BR/><BR/>there's a concept in the law called 'fraudulent conveyance' - the judge can look back two years from the date of bankruptcy and demand the return of any payments that he deems over generous or an attempt to defraud the creditors.<BR/><BR/>so it wouldn't have worked and he surely knew it. but the fact that he wrote them out - i agree with you, he wanted to remain a big shot to the end.Anonymousnoreply@blogger.com