Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

Bernard Madoff, already destined to a life behind bars, has moved a step closer to finding himself doing time like an inmate in debtor's prison.

As expected, a group of Madoff's investors Monday filed court papers to push the 70-year-old Wall Street swindler into involuntary bankruptcy and strip him of whatever personal fortune he has left.

In a four-page filing in federal bankruptcy court in Manhattan, a group of five investors that included individuals, a trust and a partnership said that Madoff defrauded them of $63.9 million through the infamous Ponzi scheme to which he pleaded guilty last month.

The investors want to put Madoff into personal bankruptcy as a way of assuring that his assets come under the jurisdiction of the New York bankruptcy court, which is already liquidating his fraudulent business. The business bankruptcy, being supervised by a special trustee, has located more than $1 billion in customer funds. Madoff's own court filings indicated he and his wife, Ruth, who isn't affected by the personal bankruptcy action, had accumulated more than $823 million in assets.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer