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To: jmaroneps37

In this kind of case, money he donated can be clawed back by the Trustee appointed to wind down the Madoff companies’ affairs. I am not sure of the claw back period but I think it is up to 6 years. Can’t wait to hear the pols scream.


13 posted on 12/18/2008 6:42:05 AM PST by MarkT
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To: MarkT
In this kind of case, money he donated can be clawed back by the Trustee appointed to wind down the Madoff companies’ affairs. I am not sure of the claw back period but I think it is up to 6 years. Can’t wait to hear the pols scream.

Up to six years at the discretion of the bankruptcy judge, but only "earnings" paid out to former investors. They won't be able to touch the contributions.

The recipients should be publically embarassed to have accepted contribuitions derived from criminal behaivior, but since the media will remain silent, they won't.

17 posted on 12/18/2008 6:54:36 AM PST by SJackson (The American people are wise in wanting change, 2 terms is plenty, Condi Rice)
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