The NY Daily News has given us a glimpse of how Bernie and Ruth Madoff lived:
Tags: Bernie Madoff, Legal, ponzi schemes, Real Estate, scammers, Scandal
Archive for June, 2009
Home sweet home no more: The upper east side co-op that Ruth Madoff must vacate and that Bernie won’t ever see again
On June - 30 - 2009
- Paulson to testify July 16 to House panel
- Ruling Adds Teeth to State Oversight of Banks
- AIG Discloses New Risk on Derivatives Sold to European Banks
- Pimco’s El-Erian Says Federal Reserve Unlikely to Raise Rates
- Supreme Court overturns ruling by Sotomayor Read the rest of this entry »
Tags: AIG, Amazon, Autos, Endowments, GM, Headline Roundup, Henry Paulson, SCOTUS
Bernie Madoff will die in prison: He gets the maximum 150 years!
On June - 29 - 2009
It’s over for Bernie Madoff. Judge Chin didn’t buy any of Bernie Madoff’s faux remorse. The judge sent a stinging message giving hm the maximum 150 years!
CNBC says the courtroom broke out in applause.
Ruth Madoff is due to have a statement out later today. She and her sons weren’t on hand for the sentencing.
Ruth Madoff Stripped down to cash of only $2.5 million. Now where to live. No one wants to rent to her
On June - 29 - 2009
Poor poor Ruth Madoff. Literally. She’ll be giving up $80 million in assets, including her upper east side co-op. She’ll be able to keep roughly $2.5 million in cash. While most people could do well with that kind of dough, it’s gonna be kind of hard for old Ruthie to maintain her formerly accustomed lifestyle. (Cue violins.) It’s not even clear if she’ll get to keep all of that money. Civil suits and legal expenses could certainly eat up a big chunk.(Cue whole orchestra.)
But now Bernie’s missus has another problem. Given that she’ll have to vacate her current crib, where will she go? That could be kind of a problem when no one wants to rent to you. Seems like the name Madoff comes with a certain amount of baggage, as does her maiden name, Alpern, which she’s been using to try to fool landlords. So far, no luck. According to the NY Post: Read the rest of this entry »
Tags: Bernie Madoff, ponzi schemes, prison, scammers, Scandals
- Madoff’s Prosecutors Recommend 150 Years or at Least Life
- Buffett Lunch Meeting Draws $1.68 Million Donation to Charity
- Stanford to Spend Weekend in Jail, Waits for June 29 Hearing
- Wary Banks Hobble Toxic-Asset Plan
- Bond Dealers Say Worst Over as Demand Soars at Treasury Sales
- UK: Recession ‘worse than thought’ Read the rest of this entry »
Tags: Allen Stanford, Autos, Bernie Madoff, Chrysler, GM, Headline Roundup, TARP, Warren Buffett
Cartoon: Ruth Madoff subway spoof
On June - 26 - 2009
After yesterday’s sighting of Ruth Madoff going downscale, riding the subway: Sean Delonas’ cartoon from Page Six in today’s NY Post
Tags: Bernie Madoff, fraud, irony, Legal, ponzi schemes, prison, Scandal
- Bernanke Grilling May Weaken Case for Fed as Risk Regulator
- Stanford Pleads Not Guilty, May Be Released on Bail Today
- UBS Raises $3.5 Billion in Share Sale, Expects Quarterly Loss
- Citigroup Ordered to Suspend Some Operations in Japan
- Pang Took $83 Million From Firm, Filings Say Read the rest of this entry »
Tags: Allen Stanford, Autos, Ben Bernanke, Citigroup, Fed, Headlline Roundup, iDelphi, ponzi schemes
Video: Allen Stanford’s perp walk
On June - 25 - 2009
Allen Stanford made his way to court this morning, cuffed and dressed in the classic orange jump suit. He’s pleaded not guilty. The big question: will he get bail?
Here’s the perp walk, courtesy of FBN:
Tags: Allen Stanford, Legal, perp walks, ponzi schemes, scammers, Scandal, video
Cartoon: Gov Mark Sanford joining Eliot Spitzer in the dog house
On June - 25 - 2009
After Governor Mark Sanford’s bizarre disappearance, return and ultimate revelation that he was carrying on with a “dear, dear friend” in Argentina: Sean Delonas’ cartoon from Page Six in today’s NY Post:
Tags: Eliot Spitzer, Politics, Scandal, Sex
Page Six says that Jim Cramer has no sense of irony
On June - 25 - 2009
Page Six pointed to a Cramer rant from earlier in the week where he was enraged at press accounts of the potential payout of huge bonuses at Goldman Sachs:
Claiming the stories were inaccurate, Cramer raged, “I wish I could have no regard for journalism. It would be the greatest thing to come out . . . just make it up. There’s no journalism jail. I’d get fired if I just made stuff up. You can lie but there’s no ability to put anyone in jail for that because of free press.” Jim, be careful what you wish for. You’ve been wrong plenty. Just ask Jon Stewart. Cramer’s rep said, “Cramer stands for truth, justice, the American way and investors.”
Lock Him Up – Page Six NY Post
Tags: Goldman Sachs, Jim Cramer, Jon Stewart, Page Six
99 pennies for her thoughts: Ruth Madoff goes underground…on the subway!
On June - 25 - 2009
The indignity! Even when she goes underground, she can’t escape the prying lenses of the press: Ruth Madoff is photographed by the NY Post using a mode of transportation that she probably hasn’t taken in a forever: the SUBWAY! And the irony is that she’s captured sitting beneath a 99¢ sign. Too funny. Read the rest of this entry »
Tags: Bernie Madoff, fraud, irony, Legal, ponzi schemes, prison, Scandal
- Bernanke to Testify as New BofA Details Emerge
- Lawmaker accuses Fed of “cover-up” in BofA deal
- Fed Shielded Facts Of Merrill Sale, Republicans Say
- G.O.P. Expected to Paint Bernanke as Ally of Big Government
- AIG to Cut Debt to Federal Reserve of New York by $25 Billion
- Short Selling of S&P 500 Increases for First Time Since March Read the rest of this entry »
Tags: AIG; Short selling, Allen Stanford, AQR, Autos, Ben Bernanke, Fed, Harvard, Headline Roundup, KKR, Politics
Pfffft: Lock the door and throw away the key: But here’s Bernie Madoff’s plea for leniency
On June - 23 - 2009
Bernie Madoff seems to think that he should only serve a 12 year prison term.
Read his heart-rending plea below. Have a hankie handie. (Or more appropriately, a barf bag) Read the rest of this entry »
Tags: Bernie Madoff, Legal, monster, ponzi scheme, prison inmates
Video: Dick Grasso talks about Eliot Spitzer’s attempted comeback
On June - 23 - 2009
Grasso would break bread with Spitzer, but only if he picks up the tab….
Tags: Dick Grasso, Eliot Spitzer, Hookers, Politics, Scandal, Sex, Videos
CNBC says that Bernie Madoff’s lawyer has filed a letter with the court asking for leniency
On June - 23 - 2009
We’re rolling our eyes and simultaneously gagging: Bernie Madoff’s lawyer, Ike Sorkin, has filed a letter to the judge asking for leniency and less than a life sentence. Apparently Bernie is feeling lots of remorse and shame now, and he’ll even talk about it at his 6/29 sentencing hearing.
Ummmm…too little, too late, Bernie. But the pitiful and transparent plea for mercy was inevitable.
According to CNBC, the letter also contained the following heart tugging statement:
“Thankfully, none of the fury expressed in the victims’ statements has been as shocking as the death threats and anti-Semitic emails that have been directed toward Mr. Madoff and his counsel.”
*Yawn*
Tags: Bernie Madoff, monsters, ponzi schemes, Scandal
New Chrysler boss hates long PowerPoint presentations
On June - 23 - 2009
If you want to piss of Fiat boss and the new head of Chrysler, Sergio Marchionne, put together a really long PowerPoint presentation, or give long winded problem explanations. According to an ex-Fiat Automotive News source: Read the rest of this entry »
Tags: Autos, Chrysler, Sergio Marchionne
- Moody’s Says U.S.’s Aaa Debt Rating ‘Remains Solid’
- Three Banks Suspend Their TARP Dividends
- Recovery’s Missing Ingredient: New Jobs
- Harvard Cuts Risk, Loses Bond Managers
- Settlement Anticipated in UBS Case
- Insurers face $6bn bill for board protection Read the rest of this entry »
Tags: Apple, Harvard, Headline roundup; Moody's, Ratings, retailers, TARP, UBS
- SEC, CFTC Seek ‘Unimpeded’ Power Over Derivatives
- Citadel’s Griffin Backs Clearinghouse Derivative Rule
- Stanford Asks Judge to Dismiss Fraud Claims in Suit
- SEC charges 4 with helping Madoff
- Madoff Bankruptcy Trustee Sues Cohmad Securities
- Stanford Receiver Defends Request for $20 Million Fee Read the rest of this entry »
Christine de la Villehuchet thinks Bernie Madoff is a murderer (and she doesn’t think Ruth knew about the scam)
On June - 22 - 2009
Rene-Thierry de la Villehuchet’s widow doesn’t mince words. She thinks that Bernie Madoff is a murderer and holds him responsible for her husband’s suicide death in December, 2008 after the revelation that his firm, Access International Advisors, had lost as much as $1.4 billion with the Ponzi schemer. And of Ruth: she doesn’t think that Bernie’s Mrs. knew about the scam, but she’s “not gonna feel sorry for her”…..
Tags: Bernie Madoff, feeder funds, ponzi schemes, scammer, Videos
- Push to reduce risks in short-term funding
- World Bank Cuts Forecast for Global Economy, Developing Nations
- Gold May Decline in Asia as U.S. Dollar, Equities Strengthen
- Mack’s On Track: Morgan Stanley Topples Goldman As M&A Leader
- Hedge Funds Boost Profile in Lobbying
- Iceland at risk of a ‘junk’ credit rating Read the rest of this entry »
Tags: Headline Roundup
- Iran’s Web Spying Aided By Western Technology
- Timing, Tools of Fed’s Exit Strategies Come Into Focus
- Warning of stimulus cash paying for bribes
- Battle Is Brewing Over Watchdogs
- Cuts Are Here to Stay, Companies Say
- Barclays chooses a risky path to growth
- GM Will Hold Ad Budget Steady Read the rest of this entry »
Tags: Headline Roundup
