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Is Madoff Looking to Make a Deal?
By
Jen Chung
Published Jan 13, 2009
Modified Jan 13, 2009
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By
Jen Chung
Published Jan 13, 2009
Modified Jan 13, 2009
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The NY Times reports that since a federal magistrate decided not to revoke financial scammer Bernard Madoff's bail—in spite of suspicious actions like mailing $1 million+ in jewelry out and those millions in checks for friends, family and others—"signs emerged that his lawyer was actively negotiating a plea agreement that could conclude the baffling fraud case without a trial." Well, of course, can you imagine Madoff going through a trial? Still, the U.S. Attorney's office is planning on appealing the ruling. Palm Beach social scene observer Laurence Leamer writes in the Huffington Post, "Madoff must live the rest of his life knowing that at any moment he may die" what with the unhappy Russians and Colombian drug lords; Clusterstock adds, "it's a testament to the strength of our civilization that Madoff is still alive. We wouldn't be surprised, however, if there are people preparing to test that strength at this very moment."
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Bernard Madoff
deal
ponzi scheme
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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