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Thursday, January 8, 2009

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



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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