Posts Tagged ‘ponzi

Saturday, March 20, 2010

Ire at Madoff Swings Toward the Referee

The victims of Bernard L. Madoff, who was sentenced to 150 years in prison on Monday for his heinous financial crimes, deserve our sympathies.
Given where this column is headed, I should probably make that point right up front.
You can say, as I have previously, that they ought to have seen all the red flags, starting [...]

Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.
Documents filed in Manhattan federal court on Friday night showed that Ruth Madoff, 68, who [...]

When you think of Bernie Madoff, the words evil, swindler and thief probably come to mind.
But ‘ladies man’?! Not so much.
However, Bernie’s longtime secretary, Eleanor Squillari, told Vanity Fair that he was just that.
“Bernie was irresistible to women” and had “a roving eye,” she told the magazine.
She alleges he frequently visited massage parlors.
“Once, [...]

Annette Bongiorno must have been one hell of a secretary.
The longtime aide to Bernie Madoff went from middle-class Howard Beach to high-falutin’ Boca Raton while signing up friends and families for her boss’ Ponzi scheme.
She’s got a $2.6 million mansion in a gated community in Manhasset, L.I., and three fancy cars, including a Mercedes that [...]

Saturday, March 20, 2010

Bernie Madoff bodyguard to quit

The former NYPD detective who has been Bernie Madoff’s bodyguard since the accused Ponzi schemer has been out on bail is quitting.
Nicholas Casale said someone else will have to watch over Madoff in his East Side apartment because his company is not equipped to track down the disgraced money manager’s assets across the globe.
That duty [...]

Authorities on Monday arrested the chief executive of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments, U.S. law enforcement officials said.
Nicholas Cosmo, head of Agape World Inc on New York’s Long Island, was said to provide commercial bridge loans, but was instead operating [...]

Finagling financier Bernie Madoff stays in his gilded cage.
A federal judge on Monday rejected the government’s request to yank Madoff from his $7 million Manhattan penthouse – and put him in jail – for violating bail conditions while awaiting trial for a $50 billion Ponzi scheme.
Although he didn’t revoke Madoff’s $10million bail, Manhattan Federal Magistrate [...]

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