Where Did Madoff Hide His Money?

Unless you've been living under a rock, you all know that Bernie Madoff fleeced his clients out of $50 billion. But where have all that money gone?

Robert Chew of TIME Magazine wrote an intriguing article on the possible ways Madoff had squirrel away his loot:

A guilty conscience, billions to play with and oodles of time is the perfect recipe for massive deception, according to Christopher Reich, best-selling author of financial thrillers such as Number Account and the recent Rules of Deception. "Madoff had decades to prepare for this day, and it's likely he's hidden considerable assets," says Reich. "Numbered accounts in Swiss banks are no good today; the Swiss cooperate too much." Instead, a white-collar fraudster like Madoff could create multiple phony investment-advisory businesses in foreign countries, similar to legitimate businesses he's actually working with. Says Reich: "All he has to do is create fake invoices over the years and pay in to those fake companies, then create new phony businesses in other countries, have the monies transferred to them, and then close down the original fake businesses. It's how the mob does it; the money trail is wiped clean."

There is no way investigators will ever find all the Madoff money, the author says. Remember, Enron used some 900 foreign accounts to manage its money. "There just isn't enough manpower to go through all the legal hurdles to track it down," Reich says. The money is there, hidden away, he says, maybe $40 to $80 million, and you can bet some family member is in on it too.

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"... and you can bet some family member is in on it too."

Maybe Madoff will "die" like Ken Lay, and then the courts will never get a chance to sentence him and fine him...

As conveniently happened to Lay, whose wife survived.
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i don get it, so much money without the chance to spend it. That's like living in fantasy world... money is nothing more than an illusion.
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If he pulls it off (like a slap on the hands with a few years on white-coller prison) and survives and indeed he's stowed the money all over the world, then he's one smart SOB. Makes Danny Ocean look like a first grader.
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Madoff isn't going to jail for the same reason Bush Jr. and Paulson are not going to jail. They work for the same international central bankers. These people want to destroy the US economy so they can create more power and control for themselves, by removing the US republic and replacing it with a world govt structure that guarantees their power, wealth and control will last indefinitely, without challenge.
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I am sure there are ways to "entice" him to tell people where the money is. Every human body and mind has weaknesses- it is just a matter of finding which one is this scumbag's weakness and have fun with it.
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I'll try it again without the "moderation request" trigger...

I am sure there are ways to “entice” him to tell people where the money is. Every human body and mind has weaknesses- it is just a matter of finding which one is this CLOWN’s weakness and have fun with it.
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If he receives anymore than a relatively token fine (paid from what funds?) and/or, subject to his lifespan, completes more than seven years jail time, then you can call me Meyer!
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