While it is unknown if Montagna shares anything else with Madoff aside from a common lawyer, Sorkin declined to comment on whether the 36 year old ex manager ratted out any other Ponziers to the government in exchange for a reduced sentence. And Vincent is not really getting off too easy: he must forfeit $686,000 and property in Pennsylvania and Nevada, and any future income must go to paying the $7.7 million he owes investors.
Sorkin managed to do an impressive job of letting Montagna do much more while on bail than his other notable client who is under perpetual house arrest. Following his arrest, Montagna posted $300,000 bond and remained free, living with his family in Doylestown, PA. While awaiting his sentencing, Montana was given travel waivers and was allowed to fly to Florida, California Hawaii and elsewhere.
Amusingly, beginning November 2006, Montagna started work as a freelance chef for Wolfgang Puck, demonstrating that even convicted white-collar criminals can get jobs. Vincent was in fact expected to cater an Academy Awards dinner before going to jail. While Vincent was originally supposed to report to prison on March 6, Judge Koeltl extended the reporting date to March 20 so the Ponzier could attend his son's fifth birthday party and cook for an Oscar event.Sphere: Related Content Print this post