Re:Pineapple Fund Drops $1M on the Sustainable Ocean Alliance
by JumpCrisscross on Wednesday February 14, 2018 @02:03PM
(#16378320)
> Is there any requirement for the donee to return the coins?
The trustee of Mr. Madoff's estate sued a benefiting charity in 2009, in part "under the law of fraudulent conveyance" per which "there is a six-year lookback" for being "sued to return...money" [1]. (The chief problem with these lawsuits, the article notes, is the "traceability of the money." It remains to be seen whether Bitcoin's public ledger negates this problem of traceability.) They ended up setting for billions [2].
The trustee of Mr. Madoff's estate sued a benefiting charity in 2009, in part "under the law of fraudulent conveyance" per which "there is a six-year lookback" for being "sued to return...money" [1]. (The chief problem with these lawsuits, the article notes, is the "traceability of the money." It remains to be seen whether Bitcoin's public ledger negates this problem of traceability.) They ended up setting for billions [2].
[1] https://dealbook.nytimes.com/2009/06/29/should-charities-rep...
[2] https://en.wikipedia.org/wiki/Jeffry_Picower#Involvement-wit...
Disclaimer: I am not a lawyer. This is not legal advice.