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Tuesday, January 06, 2009

Madoff Breaks Bail By Mailing $1Million In Jewellery

The threat to the survival of the SEC came as it emerged that Bernard Madoff has violated the terms of his bail conditions by posting jewellery worth $1 million (£680,000) to family members and friends while under 24-hour house arrest. The measure constitutes a breach because it is perceived as a possible attempt to hide his remaining assets from liquidators.

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As well as the billions here shunted off to Israel eh?

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