The terms under which Fred Wilpon and his company, Sterling Equities are negotiating a settlement with Irving Picard, the man seeking compensation for the Madoff victims, will likely turn one way or another based on the degree to which Picard can show that Wilpon or his people sensed any trouble with the fund before getting out.

FORBES: Madoff Trust Must Show Wilpon Saw Red Flags

The trained dog reportedly sensed something suspicious about -- or near -- a vehicle parked close to the West Wing, and sat down beside the four-door sedan.

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You sensed that all the worry of whether or not they would be able to make the journey had clouded his mood earlier in the week but now it felt like a small part of Nottingham had descended on his hotel.

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"Fundamentally, in terms of hiding objects, it's the same - how anything is sensed is with some kind of wave and you either hear or see the effect of it, " said Steven Cummer of Duke University.

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The feeling that I sensed at that moment, compared to other sports such as weightlifting or baseball, was unforgettable.

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Even the star of the evening, an admiral, had nothing new to say, or, rather, what he did have to say was, we all sensed, ripe hokum.

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Picard need not show any bad faith or malicious intent, just that Wilpon bailed out of his Madoff fund because he sensed trouble, explains Columbia Law School professor John Coffee.

FORBES: Madoff Trust Must Show Wilpon Saw Red Flags