The following excerpt is from In re Candor Diamond Corp., 76 BR 342 (Bankr. S.D.N.Y. 1987):
This damning set of facts speaks for itself. Although the initial fraud may very well have been sufficient to toll the statute of limitations, there can be no doubt that the defendants' active, deliberate and consistent concealment of the fraudulent transfers requires us to invoke the Bailey doctrine. See Cerbone v. International Ladies' Garment Workers' Union, 768 F.2d 45, 48 (2d Cir.1985).
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