1/6/09

A Weekend at Bernie's

The Associated Press reports on what Bernard Madhoff has been up to and what the prosecutors want to do about it:
US govt to NY judge: Jail Madoff without bail

Prosecutors on Monday said disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives and should be jailed without bail.

"The defendant's recent actions amount to obstruction of justice," Assistant U.S. Attorney Marc Litt told a judge at a hearing in federal court in Manhattan.

Madoff's lawyer, Ira Sorkin, described the items as heirlooms that included cufflinks and antique watches. He said they were not significant assets. The items were sent to Madoff's children and to unidentified friends vacationing in Florida.

Not only should this cretin be jailed ASAP for violating bail, they may as well just throw away the key.

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