Source:
finance.yahooJudge says investors can force Madoff into bankruptcy to protect assets
* Tom Hays, Associated Press Writer
* Friday April 10, 2009, 11:01 pm EDT
NEW YORK (AP) -- A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.
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The ruling on Friday came after a small group of investors had requested the court's permission last week to directly pursue Madoff's personal assets in bankruptcy court. Their lawyers argued that without it, those assets might land in the U.S. Treasury rather than their pockets.
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In a document prepared for the SEC late last year, Madoff claimed he and his wife had $823 million in assets at the end of last year, including $22 million in properties stretching from New York to the French Riviera, a $7 million yacht and a $2.2 million boat named "Bull."
Read more:
http://finance.yahoo.com/news/Judge-Investors-can-force-apf-14903471.html
Hey Bernie, those bribes you paid to your buddies at SEC and elsewhere.....feh!