Bernard Madoff’s lawyers are arguing that a Manhattan apartment and $62 million are unrelated to the fraud investigation because they are in his wife’s name. Nothing ventured, nothing gained I suppose, but this one doesn’t pass the sniff test.
It’s hard to wrap my mind around the extent of the crime here. Madoff is accused of a $50 billion fraud. That would be like committing a $1 million fraud once a day for over 130 years! The idea that he could come out of this with anything more than some worn personal items in a suitcase sickens me.
It will be interesting to see whether the legal system is able to give Madoff any kind of meaningful punishment. One thing that seems certain is that the process will take a long time.