You remember Bernard Madoff, right? When he was charged, he was responsible for the biggest ponzi scheme ever known - at that time. While many people have forgotten about him, others are starting to wonder about those who worked for him over the years.
In September of 2013, a judge ruled that the lifestyles former employees led can't be used against them in court. Of course, this brought up the question of just how lavish the lifestyles were at the time and currently as well.
U.S. District Judge Laura Taylor Swain ruled that five ex-employees of Madoff's would not have their private lives - including fancy cars and vacation homes - against them during the court proceedings. This has some in the New York Area - as well as the rest of the country - a little upset.
Reams of Lavish Proof
Prosecution attorneys had gathered quite a few documents outlining the way in which many former employees lived while they were working for Madoff by cooking the books and lying. Not all of this information is going to be able to used in court.
Here's a look at some of the lavishness uncovered that won't be mentioned in court.
- Fancy Cars - From a Bentley to a Mercedes, quite a few fine automobiles were bought with money gained from participating in Madoff's massive scam.
- Vacation Homes - Caribbean properties, beach houses and other real estate was also purchased with a lot of the ill-gotten funds.
- Expensive Clothes - Other records broke down other expensive purchases like clothes, jewelry, personalized gifts and more.
One thing that's interesting to note is that the judge is going to allow the jury to hear about some of the purchases made by the defendants. Specifically, the ones that were purchased with company money - like a Caribbean beach house and others. This means that jurors will hear some about the lavish lifestyle of some of Madoff's closest employees.
The proceedings are expected to further detail how Madoff pulled off the multi-decade ponzi scheme without being detected for so long. He ran it from the 1970s up until 2008 when he was finally caught and charged. He is thought to have amassed around $20 billion from the scheme over the years.
While it's not certain whether or not former employees of Bernie Madoff bought personalized gifts, one thing is certain - many aren't happy with the lifestyle they were able to live while committing the crimes. There's no word whether or not the employees will live in New York City after the trials conclude. Quite a few people are saying there's a good chance they will be going to jail along with Madoff.