Madoff took cash near arrest, suit claims
Posted on: Saturday, 3 January 2009, 07:01 CST
An investor says U.S. financier Bernard Madoff took $10 million from him only six days before he was arrested for an alleged $50 billion Ponzi scheme.
Martin Rosenman, president of a Bronx, N.Y., fuel company, alleges in a complaint filed Thursday in U.S. Bankrputcy Court that Madoff took his $10 million on Dec. 5, six days before Madoff was arrested and charged with securities fraud, The Wall Street Journal reported Saturday.
Rosenman and other investors are seeking to be reimbursed for their investments with Madoff, and Rosenman attorney Howard Kleinhendler told the Journal his client may have better luck since his $10 million was taken so recently that it may be easier to trace.
If you put your money in on a Friday and the following Thursday the man is arrested, you've got a good argument that the money is still there,
he told the newspaper.
Source: United Press International
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