The bizarre saga of Martin Armstrong came to a strange conclusion on Friday as a federal judge ruled that after seven-plus years in jail for contempt, Armstrong was just not going to comply with a court order to turn over almost $15 million in assets being sought by a court-appointed receiver.
Southern District of New York Judge Kevin Castel, after hearing from a psychiatrist who testified as to the nature of Armstrong’s obstinacy, said the jailing for contempt initially ordered by another judge in January 2000 to force Armstrong to produce the assets had “lost its coercive effect.”
