Free Republic

It was recently uncovered that Madoff kept detailed notes about his activites and that some "investors" made deals, demanding specific returns on investments.....meaning they were in on the scam. Some investors also wrote Madoff personal checks......evidence of tax evasion and money laundering. Jeffrey Picower and Stanley Chais, two philanthropists who are the target of lawsuits brought by Irving Picard, the trustee liquidating the Madoff firm. Garmento Carl Shapiro, a close friend of Madoff, is also under criminal investigation....... Authorities are going after these people under the legal concept of "fraudulent conveyance"----meaning one cannot profit from a fraud. REFERENCE CBS'...

Money manager at top of Madoff speed dial is sued By TOM HAYS, Associated Press Writer – 59 mins ago NEW YORK – As the first speed dial entry at Bernard Madoff's investment firm, longtime money manager and close friend Stanley Chais must have known about the disgraced financier's multibillion-dollar Ponzi scheme, a complaint filed in Bankruptcy Court claims. But Chais has insisted he was a victim of Madoff. The swindle, he said, wiped out the Chais Family Foundation, which made millions of dollars in annual contributions to various Jewish charges.