No, Peter Madoff Will Not Be Writing A Check For $143 Billion

By on June 27, 2012

Bernie Madoff’s brother Peter will plead guilty to charges of fraud.  According to a letter to Judge Laura Taylor Swain from U.S. Attorney Preet Bharara, Peter Madoff has agreed “not to seek a sentence other than 10 years’ imprisonment.”

However, all of the news outlets including Bloomberg, Wall Street Journal, and Reuters also reported that Madoff would be forfeiting $ 143 billion worth of property.

We were taken aback by that amount.  It’s twice the size of the net worth of the world’s richest person. (Carlos Slim is worth $ 69.1 billion.)

But it’s true. It’s right there on page 2 of the letter (see below) to Judge Swain:

Further, Madoff agrees to the criminal forfeiture of approximately $ 143.1 billion, including all of his real and personal property.

That amount seems pretty ridiculously high and it’s unlikely that he’ll pay that off.

We think it’s kind of like how some criminals get incredibly lengthy prison sentences.  For example, Peter’s brother Bernie got 150-years.

peter madoff 143 billion

Please follow Clusterstock on Twitter and Facebook.

Join the conversation about this story »


Clusterstock

0 Comments

  1. Djgh0st

    February 20, 2012 at 8:35 pm

    The Jehovah’s Witness rented that hall. It does not belong to them. It used to be a old theater. Look up information before posting any thing that is not true.

  2. We Are Anonymous

    February 21, 2012 at 8:34 am

    ….. Sumeria and Baal have a bigger impact on Islam then eygpt

  3. The Truth

    March 8, 2012 at 1:46 am

    Yeah this site would be perfect up until this video, with a little research you would find out that alot of those paintings and statues of christiantiy were drawn by artists that were puppets of the satanic agenda a long time ago and drew what they envisioned and did not actually see the person they drew or made a statue of in real life which is another story.

    Just research religion/illumanti conspiracy connections or something like that.
    For example the world depicts Jesus as being white because of all the paintings whom the artist had never seen the person but if you would do some research and see that he was of middle eastern color because he was born and raised there.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>