So where is the money?
How much IHRC money was wire-transferred offshore into LLC accounts.....and other financial instruments for the greedy bunch controlling the levers of income and outgo. You can bet these crooks used the Madoff MO.
REFERENCE---When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore---into a labyrinth of financial entities.
Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
ping