As Koch brothers cling to Madoff cash, a new legal battle arises [View all]

[meow2u3]

Billionaire brothers Charles and David Koch have made plenty of good business decisions over the years. Placing millions of dollars with Ponzi-scheme mastermind Bernard Madoff may have been one of them.

Koch Industries Inc. invested an unknown sum with the con man's now-defunct securities firm years ago, and walked away with $21.5 million in profits before Madoff's arrest in 2008. But since 2012 the company run by the conservative-activist brothers, worth today a combined $109 billion, has refused legal demands to return the money.

Irving Picard, the trustee liquidating Madoff's firm, contends in a suit that the cash is fraudulent proceeds of the fraud and should be shared among the thousands of victims. Koch Industries, and dozens of other early investors named in 87 other lawsuits, argue the company can keep the profits because the money was sent overseas and is beyond U.S. jurisdiction. At stake: a total of $2 billion.

http://www.chicagotribune.com/business/ct-koch-brothers-madoff-20160603-story.html

The Kochs belong in prison, just like Madoff, because if this can be proven, they're accessories to Madoff's Ponzi scheme. Let's hope this can bring them down and expose them as the criminals they are.