Monday, January 26, 2009

Greed Incarnate

Ever wonder what Bernard Madoff did with all those billions he was swindling from churches, charities, and widows? Here's one little part:

The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented. “Given the nature of this liquidation proceeding, the vehicles are of no use or value” to Madoff’s creditors, according to a motion filed in Federal Bankruptcy Court by the trustee, Irving Picard.

The vehicles include a 2007 Land Rover Range Rover, a 2008 Cadillac DTS, a 2009 Mercedes S550 leased last October, a 2007 Mercedes S550, a 2008 Mercedes GL450 sport-utility vehicle and a 2006 Lexus, according to the court filing in Manhattan on Wednesday.

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