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Criminal defense attorney Mercedes Colwin on whether Madoff Liquidation Trustee Irving Picard is going too far by trying to recover money from former ...
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Now the in laws are in trouble the judge ruling the atrocity.
In a Bernie Madoff case can try to recover money.
From the wide that is song it's Irving Picard even going after an ex wife who Mark Madoff divorced in 2000 you know they -- -- divorces -- -- fund.
Attorney Mercedes grow and says this is getting a bit too far.
On and you're not we should stress being sympathetic to burn unit of -- not at all this is overreach is exactly.
And we -- honestly the courts can a lot of latitude.
To -- -- -- get a -- I think I get my money there's lots of folks sort would that would defrauded but there's no evidence whatsoever that these women knew that these were ill gotten gains.
They were at an all involve the told that it doesn't and it doesn't it doesn't it doesn't matter about the when they had been actual knowledge or constructive knowledge.
But there's almost like a fairness argument going on here -- if you honestly had no clue obviously these women did.
Mark may also widowed Stephanie is one of the officials of the court sitcoms go after -- 43.
33 million dollars that you may have gone from from the no clue whatsoever and yet she suffered the loss of her husband so a lot of -- -- not but but here's -- -- the -- If they -- from the moment they heard the Bernie Madoff went down on this great Ponzi scheme whenever -- -- -- -- They had to know instantly all the -- -- extended Netherlands eight.
What was gonna make you know was ill gotten gains for a look at -- but let's let's take ever made up for just one of the ones she divorced Andrew 2000 yet she's now she's in the cross hairs of a -- What -- smell -- money that apparently she added god was through got.
But 11 of the things that the court's gonna say it would there may be fairness issue number one number two this unjust enrichment what is the firm -- off from expect from these women I mean he's may have been gifts for all we know.
And I'm just from Richmond hears along the last physically -- -- for an gifts from the Madoff firm because and just enrichment is about one again if antley aid monies given -- -- an entity.
And then there's something expected in return these women had no involvement whatsoever with the company was nothing expected of them.
From the Madoff -- whatsoever.
Very different then let's routes may up -- Madoff was a controller and in the burning -- -- was a controller.
She had gotten eleven million dollars -- to go buying a yacht when you -- let's say I don't know of one control in this in this country that makes eleven million dollars in one shot.
Three million dollars street in an expense -- Amex.
Very different because even in that even though she claims I'm gonna -- I don't have I didn't have any knowledge the courts it.
How could not have known as controller doesn't make this type of recovery was in real -- that a lot of money has -- -- for an amazingly.
-- -- Philly dot Madoff dot com the card as a whole website about it.
Twenty billion dollars was defrauded he's recovered nine Billings -- -- not to shed.
All right thank you can have very good concrete to be here be -- receptive.
