Three and a half years later, victims of Bernard Madoff?s massive financial fraud are still waiting to get back their money. Billions already recovered are tied up in litigation, and despite recent advances, there?s no resolution in sight. Attorneys came a few steps closer to digging out of the financial chasm Madoff left behind when,…
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…
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 Magazine’s Steve Fishman writes what is, perhaps, the best character study to date of both Bernard Madoff and the disgraced investor and Madoff enabler J. Ezra Merkin. The article, at times sympathetic, delves deep into the psyches of both men — pulling up new information about Madoff ‘s class resentment, and about what…
In the wake of L’Affaire Madoff, writer Daphne Merkin, the sister of investor J. Ezra Merkin — his Ascot Partners fund had invested most all of its $1.8 billion with Madoff — bemoans in The Daily Beast the general invisibility of women in the world of finance. Without naming names, she writes of the limited…
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