Bernard Madoff
razib | August 24, 2009Lawyers for Broker in Madoff Case Call U.S. Suits Unfair:
"What the commission has done here to Robert Jaffe is simply unfair," the defense motion argued. "The agency has called him a cheat, a knowing participant in the largest Ponzi scheme in history. Yet, it has failed to back up these charges with factual allegation
I think using broad-brush terms like "unfair" which aren't precise & legal is probably not a good move. Life isn't fair, and many people screwed by Bernie Madoff will never be made whole. That's not fair, but that's reality.
razib | August 13, 2009Woman Tells of Affair With Madoff in New Book:
Hadassah, the Jewish volunteer organization, knew it had invested $40 million with Bernard L. Madoff by the late 1990s. It also knew it had taken more than $130 million from its Madoff accounts and still had millions on the books when the vast Ponzi scheme was revealed in December.
What the charity says it did not know, however, was that Sheryl Weinstein, its chief financial officer when it made those investments, was having an affair with Mr. Madoff.
Ms. Weinstein, who has been married for 37 years, discloses that relationship in "Madoff's Other…
razib | May 12, 2009You can watch the new Frontline documentary on Bernie's fraud online. If you're a Madoff-junkie, like I am, absolutely nothing new in terms of substance. But, it is really striking how much Fairfield Greenwich was run by total bullshit artists.
razib | April 26, 2009Fortune has a massive profile of Bernie Madoff's life, career and scam. Some new material too.
razib | March 10, 2009The Next Targets in the Madoff Case:
One source said that eventually, many members of Madoff's family will either be indicted by the US attorney's office for the Southern District of New York or cop a plea. "You have to look at the fact that Peter and [his daughter] Shana were compliance officers; they were supposed to look at all the statements to see if they were right," the source said. "Either they asked no questions, turned a blind eye, or they could not help but see the falsified trade tickets of blue-chip companies sent to clients."