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The politics of a plea; what did Madoff do? March 10, 2009

Posted by tsclaw2209 in News.
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It looks like Madoff (Bernard L. Madoff Investment Securities or BLMIS), is going to plea out and as a result, die in prison.  He will also have to pay back a ton of money.  However, the Government claims that there is no plea agreement.  I can’t buy this.  I see no reason why you would give up your right to stall in an effort to delay going to prison to die.  I see no reason why your attorneys would work so hard for months only to just throw in the towel so early.  Why even get a good attorney?  What are you even paying them to do.

Here’s what this boils down to.  He is going to take the hit and give back money in exchange for something.   My guess is that this something, this  bargain, involves his family.  However, the Government wants to look like the white knight here with no blood on their hands.  It is all politics.  They say there was no plea agreement and maybe they are right in a technical sense.  However, I’m sure there is an agreement that we don’t know about that makes Madoff decide to avoid the trial of the decade (or even century)and plea out so early. 

When the media feeds you this garbage, don’t buy it.  Article is here.

Hunt for alleged scammer is a race against time January 2, 2009

Posted by tsclaw2209 in News.
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Police in California accuse Hazel Whitt Mitchell, a 73 year old of scamming a 93 year old woman out of $300,000.  The exact details of the scam are unknown, put police allege that Mitchell told  the victim that her late brother owed her money.  Somehow, this has been going on since 1994.  She was arrested in Texas for a related charge but released.

The prosecutor is going to have a tough time with a 93 year old witness.  How do you get her into court? They are going to have to get this to trial ASAP as the defense tactic here is to stall as long as possible.  Eventually, the victim may not be in any shape to come to court if she is even in shape now to testify. 

The police must have some good evidence if they are going to try to prove that this guy didn’t owe her money from 15 years ago. 

Story is here.