New York (AP) - A lawyer for the trustee seeking to locate disgraced financier Bernard Madoff's assets for investors says more than $1 billion has been found. Attorney David Sheehan says $75 million located in an account in Gibraltar raises the amount being pursued past the $1 billion mark.
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. I Timothy 6:10
Sheehan spoke after a civil court hearing Monday in which the trustee was seeking the power of attorney over Madoff's international operation. Madoff was sent to prison nearly two weeks ago after he pleaded guilty to charges that he ripped off thousands of investors for billions of dollars. He faces up to 150 years in prison at his sentencing, set for June 16 Source
Tag: Bernard Madoff
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. I Timothy 6:10
Sheehan spoke after a civil court hearing Monday in which the trustee was seeking the power of attorney over Madoff's international operation. Madoff was sent to prison nearly two weeks ago after he pleaded guilty to charges that he ripped off thousands of investors for billions of dollars. He faces up to 150 years in prison at his sentencing, set for June 16 Source
Tag: Bernard Madoff
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