There’s More Than AIG to Be Outraged Over; Madoff Wants to Keep His $62 Million
Well, if this doesn’t take some nerve: After ripping off billions of dollars of other people’s money, disgraced Ponzi-schemer Bernard Madoff wants to hang on to his $7 million penthouse and his $62 million in cash, New York’s CBS affiliate says:
Court papers filed on Monday state that Madoff and his lawyer say the Manhattan penthouse and the millions held in accounts of Madoff’s wife, Ruth, are not subject to seizure. The court papers say Madoff claims the apartment and the money are unrelated to a $50 billion fraud Madoff has been accused of carrying out.
Wait until Federal Reserve Chairman Ben Bernanke, who lashed out at AIG today, hears about this one.