1/8/09 Was There A Check For Greenwich Resident Walter Noel? Madooff Had $173 Million In Checks For Pals (Updated With Picture)

FINAL MADOFF PLUNDER PLAN

Prosecutors: Bernie was ready to send out huge checks to kin and pals

Checks Were Set To Be Mailed Just Before Bust, Feds Warn Judge

Madoff was ready to send out $173 million

FierceFinance

The disclosures, in the unfolding Bernard Madoff scandal, continue to shock. The latest: Prosecutors say they found roughly 100 signed checks for no less than $173 million in Bernie's office desk, reports the AP. He allegedly was set to send them to family and friends when he was arrested.

The $173 million may have been merely part of the funds that Bernie allegedly was trying to siphon away. Prosecutors believe he was planning to somehow transfer up to $300 million. The disclosures are part of an effort to persuade a judge to revoke Madoff's bail and send him to prison. A ruling is expected as early as today. It certainly seems that whatever "cooperation" was going on previously, is now over.

For more:- here's the AP article

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