Madoff was arrested by the Federal Bureau of Investigation (FBI) on December 11, 2008, on a criminal charge of securities fraud.[152] According to the criminal complaint, the previous day[156] he had told his sons that his business was "a giant Ponzi scheme".[157][158] They called a friend for advice, Martin Flumenbaum, a lawyer, who called federal prosecutors and the SEC on their behalf. FBI Agent Theodore Cacioppi made a house call. "We are here to find out if there is an innocent explanation," Cacioppi said quietly. The 70-year-old financier paused, then said: "There is no innocent explanation."[17][153] He had "paid investors with money that was not there".[159] Madoff was released on the same day of his arrest after posting $10 million bail.[157] Madoff and his wife surrendered their passports, and he was subject to travel restrictions, a 7 p.m. curfew at his co-op, and electronic monitoring as a condition of bail. Although Madoff only had two co-signers for his $10 million bail, his wife and his brother Peter, rather than the four required, a judge allowed him free on bail but ordered him confined to his apartment.[160] Madoff has reportedly received death threats that have been referred to the FBI, and the SEC referred to fears of "harm or flight" in its request for Madoff to be confined to his Upper East Side apartment.[160][161] Cameras monitored his apartment's doors, its communication devices sent signals to the FBI, and his wife was required to pay for additional security.[161]
So this asshole gets sent to Jail but not Trendon? I'm not aware of who Madoff is but Trendon is a piece of shit for scamming everyone. All those BTC he scammed would be worth millions now. I'd really recommend all the investors to form a group action against him and them just have the law firm handle as much as possible. I doubt Trendon only made a few hundred K, he probably has BTC stashed away and is a BTC millionaire. If there's a bunch of red tape because it isn't actual currency or something, Silk Road was taken down and that only involved BTC, so there shouldn't be a problem. All the info is out there Idk how this guy isn't in jail yet.
