Madoff's wife, Thain bonus misconduct is outrages

Ms. Madoff need to be jailed with her husband and its outrages that people who committed the biggest fraud in history can sit in a Manhattan luxury apartment which was paid from stolen money. Even the people who were directly involved have even not been prosecuted like his accountant that is unacceptable.
Mr Thain who paid out 3.6 bil in bonus one month befor e scheduled with an over proportional part of it top top executives of Merrill who basically are responsible for the 50 bil . loss needs to be prosecuted for misconduct and fraud.
President Obama needs to step up justice and not just to make the salesman points with no follow through. Throwing money to the greedy thief's or morons is not the way to set a democracy and economy back on track. Just 3 months ago the same CEO abused TARP money and making public relation show downs. Like Mr Pandit taking 1 Dollar salary and no bonus - lets be clear he was hired through the purchase of his hedge fund which was not even 1 year old for 800 mil. Dollar - this Hedge Fund was closed due to the big losses they made so to hire Mr Pandit and some of his people has cost Citigroup shareholders 800 mil which part of was received by Mr Pandit himself. He got handsomely paid for the next 100 years so to speak. Mr. Mack CEO of Morgan Stanley paid an increased bonus out for Morgan in early 2007 as it was already clear they would make billions of losses - his net worth is around 700 bil. coming all from bonus payments and he declared he would even work without bonus today. This guys have guts to paint their phony pictures to the public with so obvious misinformation

Excerpt

Madoff's Wife Withdrew Millions Before Scam Collapsed

Sectors:Financial Services

By: Scott Cohn, Senior Correspondent, CNBC | 11 Feb 2009 | 11:42 AM ET

Ruth Madoff was withdrawing millions of dollars before her husband's alleged Ponzi scheme collapsed—including $10 million on the day Bernie Madoff confessed to his sons, December 10, the Massachusetts Securities Division says.

The allegations come in a complaint against Cohmad Securities, a Madoff "feeder fund." In addition to the $10 million withdrawal on December 10, Mrs. Madoff allegedly withdrew $5.5 million on Nov. 25.

Scott Cohn
CNBC Senior Correspondent

Cohmad Securities shared office space with Bernie Madoff's firm, and his brother Peter Madoff was on Cohmad's board. State regulators in Massachusetts are seeking to revoke Cohmad's license, citing the firm's relationship with Bernie Madoff's firm, and alleging Cohmad has been withholding information from regulators.

The complaint says the transactions with Mrs. Madoff were among "the few reports produced by Cohmad," and are proof Cohmad knew about Madoff's scheme.

Meanwhile, the filing of any criminal indictment against Madoff has been delayed at the request of both prosecutors and the accused swindler's defense team, a person close to the matter said.

The agreement, which has yet to be formally filed in federal court in Manhattan, calls for a 30-day extension of Wednesday's deadline to bring an indictment, the source said. A similar extension in the case was agreed to in January.

He has been under house arrest in his Manhattan penthouse as authorities continue to probe the case.

(Watch the accompanying video for more...)

A spokeswoman for the U.S. Attorney's Office in Manhattan, which is prosecuting the case, was not immediately available for comment.