Wednesday, April 1, 2009

Six Step's to Handling Madoff's Assets?

Bernard Madoff's assets:

$7 million Manhattan Penthouse
$1 million Home in Cap d' Antibes, France
$3 million Luxury Home in Long Island
$10 million Furnishings
$62 million Securities
$2.4 million 55' Yacht & 24ft boat

How to handle his assets:

1) Step one certify everyone who has a legitimate claim.

2) Sell all REAL Estate at High End Auction, make sure to pay a REALTORS(R) commission

3) Sell all remaining securities

4) EBAY every piece of personal property

5) Create a trust to pay ALL claims

6) Deposit any proceeds into U.S. Treasury

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