Feds: US government won’t take Madoff money (AP)

Posted by admin on April 11, 2009 under News | Be the First to Comment

Feds: US government won’t take Madoff money (AP)

FILE - This file photo of Friday Jan. 16, 2009 shows the Greenwich, Conn. home owned by Walter Noel. Noel's Fairfield Greenwich Group had more than $7 billion of client funds invested with Bernard Madoff. A spokesmen for the Noels said they were fooled by Madoff like everyone else, and had no idea his investment operation was a fraud. Only one person has gone to jail so far in Bernard Madoff's massive stock fraud: Madoff himself. But that hasn't stopped prosecutors, regulators and victims from going after others, including Noel, who got gloriously rich off Madoff's scheme. (AP Photo/Douglas Healey, File)AP – The U.S. government said Wednesday it will not try to keep any money recovered from the sale of Bernard Madoff’s assets, a message meant to reassure skittish investors who feared some proceeds might land in the U.S. Treasury rather than their pockets.


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