…the most meaningless case on his plate.
The United States Securities and Exchange Commission announced that on February 9, 2009, it submitted to the Honorable Judge Louis L. Stanton, a federal judge in the Southern District of New York, the consent of Bernard L. Madoff to a proposed partial judgment imposing a permanent injunction and continuing relief previously imposed in the preliminary injunction order, entered on December 18, 2008. Madoff consented to the partial judgment without admitting or denying the allegations of the SEC’s complaint, filed on December 11, 2008. If the partial judgment is entered by the Court, the permanent injunction will continue to restrain Madoff from violating certain antifraud provisions of the federal securities laws. Also, the proposed partial judgment would continue against Madoff the relief imposed in the December 18, 2008 Order, including the order freezing assets. The proposed partial judgment would leave the issues of the amount of disgorgement, prejudgment interest and civil penalty to be imposed against Madoff to be decided at a later time. For purposes of determining Madoff’s obligation to pay disgorgement, prejudgment interest and/or a civil penalty, the proposed partial judgment deems the facts of the complaint are established and cannot be contested by Madoff.
Bernie the Bitch: A Prison Love Story….
Wow the SEC is goooood.
too partial, didn’t propose
Wow – it is almost as if their hair was on fire writing this action!!
Received a letter today from a H. Markopolos at the “Office of the Chief Fraud Examiner” asking me to explain how my fund provided a return of 64% for Q4 of 2008.
Would appreciate input from anyone who has dealt with these types of inquiries.
Thanks much,
MM
@5 fyi not sure if investing 20K of bar mitzvah money is called a “fund.”
MadOff never put a foot wrong. Even now. One smart dude.
Louis Stanton is the Federal Moron who, about 8 tears ago, issued a ruling that declared it to be unlawful to adjust treasury stock, stock options or equity derivatives to account for stock splits.
He is a flaming idiot who has no business hearing any securities related cases.
Bernie Madoff had to laugh with relief when he realized Stanton was assigned to hear the case against him.
#8 should have read “8 Years.” It was in 2000.
“If the partial judgment is entered by the Court, the permanent injunction will continue to restrain Madoff from violating certain antifraud provisions of the federal securities laws.”
And if it’s not entered, I guess he doesn’t have to worry about those pesky antifraud provisions.
Fuckin disgrace -
obviously Bernie & SEC = Thick as Thieves