Nearly $7M found in Madoff's Bank of ...

Nearly $7M found in Madoff's Bank of New York accounts

There are 1 comment on the Newsday story from Apr 28, 2009, titled Nearly $7M found in Madoff's Bank of New York accounts. In it, Newsday reports that:

Like finding coins under a couch cushion, the special trustee probing Bernard Madoff 's crooked business empire continues to discover more cash held in bank accounts, according to bankruptcy court documents.

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Freeze everything

United States

#1 Apr 28, 2009
Nothing of Madoff's should be auctioned off as of yet. The businesses and other assets should be collected and funneled through the Justice system. No asset should be sold as a whole item, for example the businesses should be parted out so that no one person/entity gains from this disaster. Who knows, but Madoff may be directing others to purchase his assets under their names. If a Maddoff asset can't be parted out to be sold, then it gets destroyed. What about the investors, how can they get their money back? That's the deal with investments, there is NO accountability. They took the same risk the rest of us do in our 401K and the stock market...there are no guarantees.

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