Tuesday, February 03, 2009

Architect Of Alleged $50B Scam Using Florida Homestead Laws To Protect Property From Creditors' Seizure?

CBS News reports:
  • [C]BS News has learned that [Bernard] Madoff and his brother, along with their wives, took steps two years ago -- around the time that federal regulators started probing Madoff’s business activities -- that could help prevent their Florida homes from being taken away from them, something possible under Florida state law.

For more, see Double Trouble for Madoffs? (CBS News Investigates: Brother Of Bernard Made Florida Real Estate Moves That Raise Questions About How Much Family Knew).