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Wednesday
Sep022009

Throw in thirty thousand Borski Super 12s and we'll call it good

Irving Picard, the court appointed trustee in the Bernie Madoff case, is on the verge of filing civil complaints against Madoff's sons Mark and Andy. If you recall, Mark and Andy are the principle investors in Abel. Sources says Picard will seek in excess of $50 million - including at least $30 million in loans to the sons. He is not accusing them of wrongdoing; instead his goal is to recapture money diverted from Bernie Madoff's massive Ponzi scheme.

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Reader Comments (3)

Sorry but I'd never buy an Abel reel. Guilt by association.

September 2, 2009 | Unregistered Commentertailfin

Maybe they will lower the price on their reels...

September 2, 2009 | Unregistered CommenterRichard Cranium

thank the heavens ,they should pay !!!!!!!!! they have high priced reels and have been ripping people off for to long sitting in their ivory tower ,screw abel reels !!!!!!

September 2, 2009 | Unregistered Commentermikenutto

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