More tawdry news on the Madoff front. Lawsuits have been filed against Stanley Chais and Jeffry Picower for receiving what appear to be suspiciously generous and apparently preferential returns for their investments. An investigative report by ProPublica documents that Picower and his family withdrew an astonishing $5.1 billion from Madoff — more, apparently, than Madoff…
The latest edition of Vanity Fair brought yet more grist for the Madoff mill — this time with a profile of Madoff’s sons, Andrew and Mark. In theory, this ought to be fascinating stuff: the boys who turned in their father. What could be more Oedipal? But it’s pretty thin gruel. One problem is access….
As we progress ever further into the hall of mirrors that is the Madoff case, the sights become ever more confusing, the stories more sordid and more fascinating. Nobody, apparently, is what he seems. First there was Bernie, the genial, friendly and thoroughly decent Jewish uncle-type who turned out to be a thief so cold-blooded…
The first part of the Bernard Madoff story raised a profound and troubling question about human nature: How could a respected and successful man — a man almost universally described as kind, considerate and apparently trustworthy — knowingly fleece his closest friends, charities he had supported, even his own sister? But now that Madoff is…
There are signs that with Bernard Madoff convicted and jailed for orchestrating an estimated $65 billion Ponzi scheme, the attention is now shifting to the so-called “feeder funds” that supplied Madoff with much of the cash to keep his schemes going. On April 1, the Massachusetts secretary of state sued the Fairfield Greenwich Group. And…
New York’s other B. Madoff — Ben, not Bernie; pronounced MAD-off, not MADE-off — has been a target of some of the rage directed at the admitted Ponzi schemer Bernard Madoff. Listed in the Manhattan phonebook, Ben Madoff, no relation to Bernie, has received dozens of angry calls — several of them anti-Semitic in nature…
The Department of Justice released Bernard Madoff’s mug shot this week, following his guilty plea to 11 charges related to his multi-billion-dollar Ponzi scheme. Now living at the Metropolitan Correction Center in Lower Manhattan, the disgraced financier wears a conservative blue-and-white striped shirt and, at least in the mug shot, a grim expression. “After scamming…
Since Bernard Madoff’s December arrest, victims of his Ponzi scheme have been selling off not only their real estate and their jewelry, but also their Judaica, according to a New York-based auctioneer. Jonathan Greenstein, whose eponymous company auctions off “rare antique and artisan Judaica” told The New York Post’s Page Six that Jewish artifacts that…
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