Did Madoff Move $100 Billion to Israel?

[billbeater]

by FINANCE.YAHOO

(Dec. 18, 2008) As more info comes in regarding the Madeoff scheme, news from several sources say that Madeoff and his clients were the largest bank account holders listed on a computer disk leaked by a Swiss bank worker regarding US persons with hidden Swiss bank accounts.

As the IRS approached him regarding the repayment of taxes from his hidden Swiss account, Madeoff reportedly became adamant that his wealth would not be taxed by the US. He also realized that once the Swiss records were exposed that his and his client's wealth were also within reach of seizure or judgment by a US court regarding past frauds of him or his clients.

Realizing that he was be certain to arrested on other securities and market making fraud issues in the near future, insiders say that it was at this point he made the decision to just say it was all lost in trading and move it directly to Israel.

Insiders also report that he was ready to pay the taxes on the money in Israel but was adamant that taxes in the US would not be paid nor would any of the <input name="IL_MARKER" type="hidden">money be available for US court judgments in subprime, fraudulent trading and misrepresentation charges in the future.

 

[Jetplane]

that's kinda sweet, really.

 

[billbeater]

that's kinda sweet, really.

no tax, i knew you would love that one jet! when are you coming to buffalo? its 9 shitty degress!!!!
hno:

 

[ScottL]

You know what? That would be great! Because if it were true and of course it probably isn't, Israel would return the money to the Jews and Jewish organizations that the cocksucker swindled it from. But of course it's BS, like the BS poster that posted it.

 

[billbeater]

beep beep

 

[ScottL]

Countdown's starting for you asswype.

 

[quantumleap]

by FINANCE.YAHOO

(Dec. 18, 2008) As more info comes in regarding the Madeoff scheme, news from several sources say that Madeoff and his clients were the largest bank account holders listed on a computer disk leaked by a Swiss bank worker regarding US persons with hidden Swiss bank accounts.

As the IRS approached him regarding the repayment of taxes from his hidden Swiss account, Madeoff reportedly became adamant that his wealth would not be taxed by the US. He also realized that once the Swiss records were exposed that his and his client's wealth were also within reach of seizure or judgment by a US court regarding past frauds of him or his clients.

Realizing that he was be certain to arrested on other securities and market making fraud issues in the near future, insiders say that it was at this point he made the decision to just say it was all lost in trading and move it directly to Israel.

Insiders also report that he was ready to pay the taxes on the money in Israel but was adamant that taxes in the US would not be paid nor would any of the <input name="IL_MARKER" type="hidden">money be available for US court judgments in subprime, fraudulent trading and misrepresentation charges in the future.

That article did NOT come from Yahoo! Finance. Please post a credible source for the article.

 

[tiznow]

i love how they spell madoff...made off

LOL

 

[nimue77]

That article did NOT come from Yahoo! Finance. Please post a credible source for the article.

Googled part of it. He probably got it from that moron Rense.

 

[quantumleap]

Googled part of it. He probably got it from that moron Rense.

Or else conspiracyplanet.com. Both web sites misspell Madoff's name.

 

[artiesliver]

Mispelling of Madoff's name makes it obvious that the "article" was written by someone w/no credibility.

As for offshore accounts, UBS is going to be closing approximately 19,000 offshore accounts held by US clients. The IRS (and possibly Justice Dept.) may then look to prosecute those that were evading taxes. I wouldn't doubt if some of Madoff's clients in the US are among those that have/had offshore accounts.