NY JUDGE RONALD ELLIS TO MADOFF VICTIMS: DROP DEAD--Madoff mailed $1 million in items to relatives from his apartment
- NEW YORK -- "Prosecutors asked that disgraced financier Bernard L. Madoff be detained after he and his wife sent watches, jewelry and other heirlooms to his brother, his sons and a couple in Florida.
At a hearing Monday, Assistant U.S. Attorney Marc Litt said Mr. Madoff should be jailed pending trial on a securities fraud charge after he or his wife mailed items, including $1 million in jewelry and other valuables, following an injunction freezing his assets in a parallel civil case.
Mr. Litt said Mr. Madoff or his wife attempted to transfer valuables and Mr. Madoff personally sent a handwritten note with at least one of the items. "There's no practical way to prevent that from happening again," Mr. Litt said."...
- More details, Bloomberg news account