Bishop to Boycott Obama Commencement Speech

    South Bend is heating up over the controversy surrounding Obama and the local bishop...Read the post

    2009 College Grads: We're the Lucky Ones

    Why there is hope for the graduating Class of 2009, and how they can find work in a recession...Read the post

    Beer in Vending Machines -- What Drinking Age?

    U.S. policies on drinking age seem restrictive when examining the rest of the world...Read the post

    How The Press Can Remain Relevant

    Is it any surprise that Obama has employed a strategy to cordon journalists that is similar to previous administrations?...Read the post

    Be Afraid, Cheney Warns. Be Very Afraid.

    Just when you thought the Bush-era warnings of Armageddon around the corner were over, Cheney strikes again...Read the post

    Obama: You Wouldn't Like Me When I'm Angry...

    Obama threw down his stick, spat on the floor and growled in the face of cameras -- metaphorically... Read the post

    Obama to GOP: 'I Won, I'm The President'

    "You can't just listen to Rush Limbaugh and get things done," Obama told GOP leaders...Read the post

    Palin Seeks $11M Book Deal, but Can She Read?

    One can only imagine what Republican rising star Sarah Palin could possibly write about in her memoirs...Read the post

Rss Feed

international newsmoney & finance

Madoff's Wife Withdrew Bail Amount Day Before His Arrest

Adam Kirchner

Posted: Feb 11th 2009 11:53PM

Filed under: International News, Money , Towson University

Federal prosecutors and defense counsel agreed to delay the grand jury indictment of Bernard Madoff 30 days.

Madoff, who was arrested by the FBI on December 11, 2008 and charged with securities fraud, had been scheduled for an indictment hearing in January, postponed until February 11, 2009, only to be rescheduled again. The 30-day extension until March should make the new indictment date Friday the 13th.

Jason Voorhees could not be reached for comment.

From the You Can't Be Serious file, today's bigger Madoff scandal story was that Ruth Madoff, the wife of the man who has confessed that the investment arm of his company was "all just one big lie," withdrew $10 million on December 10, 2008. On December 11, Bernard Madoff's bail was set for $10 million. Madoff's bail was posted that day.

What are the odds that the amount withdrawn on the day Madoff confessed his massive ponzi scheme exactly matches the amount set for bail the very next day is just sheer coincidence?

Recent Comments »

Page 1/1

Post Your Comments Below

Featured Galleries »

  • Living the Vice Presidential Life
  • Watching the First Debate At UPenn
  • Obama's Number Two
  • Historical Olympic Highlights
  • Pictures from Another World
View All »
Comming Soon
Also on AOL

Get the latest national news, cultural trends, political analysis and more.

AOL news