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Old 10-12-2009, 04:18 PM
yoyo yoyo is offline
Join Date: Jan 2009
Posts: 30
From Christopher Story

The Bush Crime Syndicate, of course, had multiple outlets for the stealing, placement, distribution, and laundering of the vast flow of hijacked funds that it handled, of which the Madoff enterprise was one – a point that needs to be borne in mind, so that the moribund Wanta situation is seen in its proper perspective. On 9th July 2009, it was reported that Irving Picard, the Trustee appointed by the Manhattan Court to take charge of identifying assets to compensate the victims, had stated that his investigations had ‘unearthed a labyrinth of interrelated international funds, institutions and entities of almost unparalleled complexity and breadth’.

Specifically, Mr Picard revealed that stolen assets had been identified in Britain, Ireland, France, Switzerland, Luxembourg, Spain, Gibraltar, Bermuda, the British Virgin Islands, the Cayman Islands and the Bahamas. Mr Picard has despatched more than 230 subpoenas seeking overseas records and has received more than 15,400 claims against Madoff and his defunct Ponzi network. As in the case of the ‘Wanta’ accounts, the funds that Mr Picard is chasing are in fact ‘Bush Crime Syndicate’ funds, as Madoff was used as a key conduit for the dispersion of stolen funds (in accordance with the classic Ponzi model).
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