The fall of Bernard Madoff and the beginning of the end of Cargo Cult Multiculturalis

[Tricknologist]

Mark Madoff is a good jew now. It would have been more appropriate had he done himself in with a hose hooked to the exhaust of his car.

New York (CNN) -- Convicted Ponzi-schemer Bernard Madoff will not attend the funeral of his son, Mark, out of consideration for his daughter-in-law and grandchildren, attorney Ira Sorkin said.

Mark Madoff's body was discovered hanging from a ceiling pipe in his Manhattan apartment on Saturday, two years to the day after his father was arrested for swindling $50 billion from investors in the largest Ponzi scheme in U.S. history.

http://www.cnn.com/2010/US/12/13/new.york.madoff/?hpt=T2

 

[The Bobster]

Now the jew "victims" will turn this money over to the SPLC and ACLU.

http://www.myfoxphilly.com/dpp/news/local_news/$7.2b-is-recovered-for-madoff's-victims

$7.2B Is Recovered For Madoff's Victims

New York - Many of Bernard Madoff's victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme.

Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion in October 2009. Picower was the single biggest beneficiary of Madoff's fraud.

U.S. Attorney Preet Bharara called the forfeiture the largest in Justice Department history and a "game changer" for those swindled by Madoff. He commended Picower's widow, Barbara, "for agreeing to turn over this truly staggering sum, which really was always other people's money."

"We will return every penny received from almost 35 years of investing with Bernard Madoff," Barbara Picower said in a statement. "I believe the Madoff Ponzi scheme was deplorable, and I am deeply saddened by the tragic impact it continues to have on the lives of its victims. It is my hope that this settlement will ease that suffering."

The settlement means roughly half of the $20 billion that investors entrusted to Madoff has now been recovered, authorities said.

The $7.2 billion eclipses by far the deals reached with other defendants sued by Irving Picard, the court-appointed trustee who
is recovering victims' money. The next largest -- $625 million -- was announced earlier this month in a settlement with Massachusetts businessman and philanthropist Carl Shapiro.

Madoff's burned clients greeted the news warily. Willard Foxton, a British journalist whose father committed suicide after losing his life savings, said he was stunned that a major investor decided to return so much money. "I don't think he would have killed himself if he thought a few years down the line that he was going to be getting a good amount of his money back," he said. He added: "I thought we had zero chance of getting any money back, and I still am very, very skeptical. If I see a penny before 2015 I'd be amazed."

Lawrence Velvel, a law school dean who lost money he had invested with Madoff for decades, said Picower's widow "did the right thing." But he was wary about who, in the end, would benefit more -- the multitude of small and mid-sized investors who had been counting on their investments for their retirement, or the big hedge funds that did business with Madoff.

"It's going to go to the hedge funds," he said. Madoff, 72, is serving a 150-year prison sentence. Jeffry Picower, who was 67 when he died, was one of Madoff's oldest clients. Over the decades, he withdrew about $7 billion in bogus profits, or more than a third of the sum that disappeared in the scandal. The money paid out to Picower was supposedly made on stock trades, but authorities said it was simply stolen from other investors.

Picower's lawyers claimed he knew nothing about the scheme, but Picard had argued in court papers that the businessman must have known the returns were "implausibly high" and based on fraud.

Barbara Picower said she was "absolutely confident that my husband, Jeffry, was in no way complicit in Madoff's fraud and want to underscore the fact that neither the trustee, nor the U.S. attorney, has charged him with any illegal act." Asked whether criminal investigators had any suspicions about Picower, Bharara would say only that the question became moot when he died. He gave the same response to questions about Mark Madoff, the son who committed suicide on Dec. 11.

Lawyers for Picower's estate have been in negotiations with the trustee for some time. In his will, Picower had earmarked most of his fortune for charity.

A huge charitable foundation that Picower had created closed in 2009 after its assets were wiped out in the Madoff fraud. It had donated hundreds of millions to colleges, libraries and other groups.

Thousands of people, banks and hedge funds that invested with Madoff saw their savings wiped out when the fraud was revealed two years ago. Many, though, like Picower, had been drawing bogus profits from their Madoff accounts for years and walked away from the scheme having taken out more money than they put in.

Madoff's clients had thought, based on his fraudulent account statements, that they had more than $60 billion invested in stocks with Madoff.

Investigators found, though, that no investments were made, and that an estimated $20 billion in principal was simply being paid out bit by bit to other investors.

 

[Smedley Butler]

Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion in October 2009. Picower was the single biggest beneficiary of Madoff's fraud.

Un-quote




Hmmm? This really is a mob saga, one of the many Godfather's who have looted Western Nations IMO.


Drowned ? Hmm?

I'm gonna make you an offer you can't refuse. LOL! :devil:

 

[Smedley Butler]

yet, no bail or dropping charges against Edgar J. Steel ?

 

[Nigtarded]

Madoff to N.Y. Magazine: Government a Ponzi Scheme
Published February 28, 2011
| Associated Press

Bernard Madoff arrives at federal court in New York. ​

NEW YORK -- Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.

"The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.

The interview was published on the magazine's website Sunday night.

Madoff did an earlier New York Times interview in which he accused banks and hedge funds of being "complicit" in his Ponzi scheme to fleece people out of billions of dollars. He said they failed to scrutinize the discrepancies between his regulatory filings and other information.

He said in the New York magazine interview the Securities and Exchange Commission "looks terrible in this thing," and he said the "whole government is a Ponzi scheme."

A Ponzi, or pyramid, scheme is a scam in which people are persuaded to invest through promises of unusually high returns, with early investors paid their returns out of money put in by later investors.

A court-appointed trustee seeking to recover money on behalf of the victims of Madoff's massive Ponzi scheme has filed a lawsuit against his primary banker, JPMorgan Chase, alleging the bank had suspected something wrong in his operation for years. The bank has denied any wrongdoing.

Madoff is serving a 150-year prison sentence in Butner, N.C., after pleading guilty in 2009 to fraud charges.

In the New York magazine interview, Madoff, 72, also said he was devastated by his son Mark Madoff's death and laments the pain he wrought on his family, especially his wife.

"She's angry at me," Madoff said. "I mean, you know, I destroyed our family."

Mark Madoff, 46, hanged himself with a dog leash in his Manhattan apartment on the second anniversary of his father's arrest. He left behind a wife and four children, ages 2 to 18.

At the time of his suicide, federal investigators had been trying to determine if he, his brother and an uncle participated in or knew about the fraud. The relatives, who held management positions at the family investment firm, denied any wrongdoing.

Bernard Madoff has maintained that his family didn't know about his Ponzi scheme.

http://www.foxnews.com/us/2011/02/28/madoff-ny-magazine-government-ponzi-scheme/#

 

[madkins]

*

Nigtarded,

As some have no doubt noticed, the media somehow made the Jewish community the over all victim in the Madoff scam. We know that to be untrue.

Also, in the recent media coverage of abortion murders the Black community was made to seen the victim. Once more we know that is untrue.

From a white person's point of view part of a letter to the editor rings true:

People are rising up against tyranny in Wisconsin and Ohio. They are tired of the haves telling them what scraps they get.

Tom Hubbard

Skara Brae

*Google.com

 

[Smedley Butler]

============================================



Quote
Pat Buchanan’s SUICIDE OF A SUPERPOWER: The Suicide of Liberty
By Paul Craig Roberts on October 12, 2011
Pat Buchanan’s latest book, Suicide of a Superpower, raises the question whether America will survive to 2025. The question might strike some readers as unduly pessimistic and others as optimistic. It is unclear whether the US, as we have known it, will survive its next presidential election.

Consider the candidates. Liberal law professor Jonathan Turley, who was likely to have been an early Obama supporter, now wonders if Obama is “the most disastrous president in our history.” Despite Obama’s failure, the Republicans can’t come up with anyone any better. One Republican candidate admires Alan Greenspan, the Federal Reserve chairman who gave us financial deregulation and the financial crisis. Another is ready for a preemptive strike on Iran. Yet another thinks the Soviet Union is a grave threat to the United States. None of these clueless dopes are capable of presiding over a government.

Anyone who has been paying attention knows that the “superpower” is over-extended financially and militarily. The US is currently involved in six conflicts with Syria, Lebanon, Iran, and Pakistan on the waiting list for full fledged military attacks and perhaps invasions. Russia is being encircled with missile bases, and war plans are being drawn up for China.

Where is the money going to come from when the country’s debt is bursting at the seams, the economy is in decline, and unemployment on the rise?

Washington thinks that the money can simply be printed. However, enough has already been printed that the rest of the world is already suspicious of the dollar and its role as reserve currency.

As John Williams has said, the world could begin dumping dollar assets at any time.

I don’t think we can dismiss Buchanan’s concern as pessimistic.

Buchanan documents his concern across a wide front. For example, the combination of mass immigration and its consequent demographics together with the “diversity cult” means the end of “white America” and the transformation of what once was the dominant population into a disadvantaged underclass.

Buchanan cites a Wall Street Journal article by Ron Unz published 12 years ago. Unz found that white American gentiles who would be considered Christian are dramatically under-represented in America’s elite universities, which provide the elites who dominate government, business, and the professions.

Unz reported that white Americans who comprised 70% of the US population made up only 25% of Harvard’s enrollment and that the composition of the student bodies at Yale Princeton Columbia, Berkeley, and Stanford was much the same.

Asians who comprised 3% of the US population comprised one-fifth of Harvard’s enrollment, and Jews, who comprised 2.5% of the population comprised between one-fourth and one-third of Harvard’s student body.

As Buchanan puts it, the country’s native-born majority has relegated its own progeny to the trash bin of history.

Buchanan doesn’t address the question whether the rest of the world will miss white America. Considering the endless wars and astounding hypocrisy and immorality associated with white America since the collapse of the Soviet Union two decades ago, the world is likely to cheer when power slips from the hands of what Leonard Jeffries termed the “ice people,” that is, people without souls or feelings for others. Americans are so wrapped up in the myth of their “exceptionalism” that they are oblivious to the world’s opinion. American soft power, once a foundation of US influence, has been squandered, another reason the “superpower” status is crumbling.

Financial deregulation and the consequent financial crisis, collapse of the real estate market, and evictions of millions of Americans from their homes have greatly dimmed America’s economic prospects. However, as Buchanan points out, the offshoring of US jobs and industry under the guise of “free trade” has damaged the middle class, halted the growth in consumer purchasing power and left many college graduates without careers.

In the first decade of the 21st century, the Bush/Cheney years, America lost one-third of its manufacturing jobs. During this decade, Michigan lost 48% of its manufacturing jobs, New Jersey lost 39%, and New York and Ohio lost 38%.

During this decade, the US incurred trade deficits totaling $6.2 trillion, of which $3.8 trillion is in manufactured goods. In other words, imports of manufactured goods are a larger cause of the trade deficit than oil imports. Early in the decade the US lost its trade surplus in advanced technology products. In recent years the US has run up $300 billion in trade deficits in advanced technology products with China alone. As Macy Block’s site, Economy in Crisis, documents, foreigners have used their huge dollar earnings to buy up American companies, with the consequence that foreign earnings on US investments now exceed US earnings abroad, thus worsening the current account deficit.

Although Buchanan makes many points, this is not his best book. He becomes lost in old arguments that no longer make sense, such as the claim that the poor vote away the property of the rich, and he ignores the destruction of the US Constitution in the name of “the war on terror,” which has transformed the US into a police state.

Conservatives are stuck in the canard that democracy is a tool used by the poor to provide themselves with benefits at the expense of the rich. Buchanan cites statistics of those on welfare, food stamps, Medicaid, and so on as evidence that the rich are being plundered. Yet, the facts are the opposite. The distribution of income has completely reversed since the 1960s.

In the 1960s, the top 1 percent received 11% of the income gains, and the bottom 90% received 65%, leaving 24% of income gains for the 9% of richest Americans just below the top 1%. In the first decade of the 21st century, these figures have reversed. The top 1% receive 65% of the income gains and the bottom 90% receive 12%, leaving 23% for those rich Americans in the 91-99 percentile.

If recent history (Yugoslavia, Soviet Empire) is a guide, Buchanan is probably correct that a country whose population consists of diverse ethnic and racial groups is less likely to share a common interest and enjoy political stability. However real this threat, it is not comparable to the threat to American identity of a destroyed Constitution.

The Bush/Cheney/Obama regimes have shredded the constitutional protections that gave American citizens their liberty. By dictate alone, the executive branch has acquired the power, prohibited by the Constitution, to incarcerate citizens indefinitely without presenting evidence and obtaining conviction. According to the US government, a secret executive branch panel now exists that has acquired from somewhere the unaccountable power to put citizens on a list to be assassinated without due process of law merely on the basis of an unproven government assertion. How does this differ from Stalinist Russia and Gestapo Germany?

The transformation of the US into a police state has been achieved quickly and with scant protest. Congress and the courts are silent. The media is silent, as are the law schools and bar associations. Out of 535 US Senators and Representatives, only Ron Paul has protested the destruction of liberty.

Buchanan is concerned that America might not survive until 2025. Instead, shouldn’t we be concerned that the American police state could last that long? Shouldn’t we be worried that the police state will survive yet another presidential election, or even one more day?

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[Ensis]

Bernie Madoff is just small fry and a sacrificial lamb for the real banksters who are holding our nation hostage and paying the police to brutalize anyone who objects to their jewing down our once great nation. America will be the Beautiful again once we become the 80th nation to boot out the jews. 14.88!

 

[The Bobster]

http://www.nypost.com/p/news/national/madoff_pal_son_9tKFP2YKIVQJHdkWaPyZ1M

Madoff accountant’s son commits suicide in Ohio
By PEDRO OLIVEIRA JR.
Last Updated: 10:42 AM, November 17, 2012
Posted: 12:58 AM, November 17, 2012

The 23-year-old son of the accountant who helped Bernie Madoff hide his Ponzi scheme shot himself in his apartment in Ohio, police said yesterday.

Jeremy Friehling’s shocking suicide comes two years after Madoff’s son, Mark, hanged himself with a dog leash in his family’s SoHo apartment on the second anniversary of his father’s arrest.

Friehling was the son of embattled accountant David Friehling, who pleaded guilty in 2009 to helping conceal Madoff’s $65 billion Ponzi scheme.

Faculty advisers at Ohio State University, where Friehling was a medical student, became concerned after he wrote suicidal posts on Facebook, according to Columbus Police Homicide.

They went to check on him on Thursday, but Friehling didn’t answer. Police officers forced their way into the apartment and found him dead with a self-inflicted gunshot wound.

Friehling graduated from Duke University in 2011 and was accepted to medical school at Ohio State.

He had graduated from Clarkstown North High School in Rockland County, where he was the valedictorian of the class of 2007, The Journal News reported.

 

[Smedley Butler]

Bernie Madoff is just small fry and a sacrificial lamb for the real banksters who are holding our nation hostage and paying the police to brutalize anyone who objects to their jewing down our once great nation. America will be the Beautiful again once we become the 80th nation to boot out the jews. 14.88!

They have always sacrificed one of their own when it serves to benefit the inner core the criminal cabal that hides behind the shield of religion that the evanjellycull duped White's believe.

 

[The Bobster]

http://www.nypost.com/p/news/national/madoff_misery_n2j05hLdMgMu6XfB2RP0sN

Madoff son fears recurrence of cancer
By DAN MANGAN
Last Updated: 5:18 AM, December 10, 2012
Posted: 1:36 AM, December 10, 2012

The surviving son of imprisoned-for-life Ponzi monster Bernie Madoff is facing a new battle with cancer on the eve of the double anniversary of his father’s arrest and his brokenhearted brother’s suicide, sources told The Post.

Andrew Madoff is “feeling that he does” have a recurrence of lymphoma, said a colleague of Andrew’s, citing the result of annual medical tests he has undergone since first being diagnosed with mantle-cell lymphoma in 2003.

Although further tests need to be done, Andrew, 46, expects them to confirm his sobering suspicions, the colleague said.

Bernie Madoff with sons Mark (left), who killed himself, and Andrew, who might have lymphoma.


The yet more bad news for Andrew, who is still dealing with the legal fallout of his swindler father’s multibillion-dollar fraud at their Manhattan investment firm, comes right before tomorrow’s fourth anniversary of Bernie Madoff’s Dec. 11, 2008, arrest.

On that same date in 2010, Andrew’s older brother, Mark, hanged himself, at the age of 46, in his SoHo loft as his 2-year-old son slept in another room.

“This is just one of those awful occurrences in terms of timing,” said the colleague, speaking of Andrew’s likely lymphoma recurrence.

A spokeswoman for Andrew Madoff declined to comment. His lawyerdid not return a call seeking comment.

Andrew was CEO and chairman of the Lymphoma Research Foundation before his dad’s bust.

 

[Tricknologist]

He is a cancer-that's what jews are.

 

[The Bobster]

http://www.nypost.com/p/news/local/bed_broke_fest_ktLkEsuJqUdTAhE2GxW3ZL

Madoff's prison-bound brother forced to leave Park Ave. apartment with only clothes and mattresss
By JENNIFER GOULD KEIL and NATALIE O’NEILL
Last Updated: 9:17 AM, January 6, 2013
Posted: 1:09 AM, January 6, 2013

Peter Madoff made his bed — and it’s about all the feds are allowing him to keep!

The prison-bound brother of Ponzi-scheming lowlife Bernie was forced with his wife to leave their posh Park Avenue home with nothing but clothes and a mattress and box spring, sources told The Post.

Federal officers shot down pleas by Peter and Marion Madoff to take the bulk of their stuff out of their freshly sold $4.6 million pad, the sources said.

“They wanted to take furniture, silverware and glasses — but the federal marshals packed up everything,” one source said. “They were surprised and shocked.”

APSLEEP ON IT: Peter Madoff and wife Marion, who lived the high life on ill-gotten gains, got to keep their mattress and box spring, but little else.


Madoff, who is headed to prison next month, sold the luxury two-bedroom unit and moved to a one-bedroom, $3,200-a-month home on Rector Street in Battery Park City, sources said.

Federal marshals allowed the couple to take a few items — but nothing of great value. All profits from the sale of the multimillion-dollar apartment will go to the victims of the scheme.

It’s unclear if the feds will sell off the items the Madoffs had to leave behind.

Madoff, 67, admitted last year he played a role in his brother’s multibillion-dollar con.

He pleaded guilty to fraud — for falsifying records — in June and in December was sentenced to 10 years in prison.

Before they left, Marion asked to take “daily-use stuff” such as plates to set up her new kitchen. But the feds even boxed up the bare necessities, sources said.

“Only now are they starting to feel the ramifications of what happened,” one source said.

The couple’s belongings were valuable — but that lifestyle will soon change for both of them.

“They are going from private planes and multiple homes to a tiny one-bedroom for Marion — and jail for Peter,” the source said.

In June, Madoff admitted to putting his wife on the payroll for the firm Bernard L. Madoff Securities — although she never worked there — and avoiding taxes. But he insisted he was never aware of the Ponzi scheme itself.

He worked alongside Bernie for nearly 40 years and earned roughly $40 million from 1998 to 2008 — much of which went to enable his extravagant lifestyle.

The couple bought the home at 975 Park Ave. for $4.1 million in 2004, then renovated the already upscale digs.

It now features a maid’s quarters, a 15-foot dining room and a fireplace — just a short walk from Central Park and the Metropolitan Museum of Art.

The couple first left the building Dec. 26 and later returned to collect some items.

A lawyer from Chicago will now move into the unit.

Toni Haber, of Prudential Douglas Elliman real estate, represented the Park Avenue listing.

At his sentencing last month, Madoff said he was “deeply ashamed” and “profoundly sorry.”

US District Judge Laura Taylor Swain ruled that Madoff wouldn’t be incarcerated until Feb. 6 — leaving him free to attend his granddaughter’s bat mitzvah at the end of this month.

Bernie was sentenced in 2009 to 150 years in prison for history’s largest-ever Ponzi scheme.

Marion could not be reached for comment yesterday.

 

[The Bobster]

http://www.nypost.com/p/news/local/lox_him_up_I2fHfIyowSsDxZ2A9UJ9jJ

Outrage as Peter Madoff puts off jail to party at granddaughter's posh bat mitzvah
By GARY BUISO, ERIN CALABRESE and KEVIN FASICK
Last Updated: 11:24 AM, January 20, 2013
Posted: 11:04 PM, January 19, 2013

Let them eat lox!

Peter Madoff — the prison-bound brother of Ponzi-scheming schmuck Bernie — partied hearty with friends and family at his granddaughter’s bat mitzvah yesterday, seemingly oblivious to the thousands of victims bilked because of his complicity in a multibillion-dollar fraud.

And the party will continue today, when the Madoffs trip the light fantastic at 404 NYC, a sleek event space on 10th Avenue that has hosted the likes of Chloe Sevigny, Parker Posey and Ethan Hawke.

Peter Madoff, 67, was slapped with a 10-year sentence on Dec. 20, but a judge — who received pleas from family and clergy to let the granddad attend the event — delayed Madoff’s incarceration until Feb. 6.

William Farrington

PRISON BREAK: Peter Madoff, whose jail sentence was postponed, arrives at the synagogue yesterday.


Yesterday, before grandkid Rebecca Skoller read from the Torah at the historic Central Synagogue in Midtown, Madoff was called up to the stage.

He said a brief prayer in Hebrew and touched his lips to the Torah — just like he’ll be kissing his freedom goodbye in two weeks.

“The suffering of others should not be forgotten,” Skoller said during the rite, expanding on a chapter she read from Exodus.

Following the ceremony, which was live-streamed online, Madoff and 100 guests, surrounded by security, went downstairs to the posh Pavilion Room, where they noshed on catered salmon, tuna and bagels.

The scene gave Madoff’s victims indigestion.

“I would much prefer that Peter Madoff be locked up and the only way he can attend the bat mitzvah is through pictures sent to him in prison,” said Michael DeVita, 62, who lost his retirement assets to the Madoff scam.

A Manhattan event planner told The Post that a 200-guest bat mitzvah with all the trimmings at a place like 404 NYC can run $75,000 to $100,000.

Meanwhile, Madoff victims like Shelly Ludlow are pinching pennies.

“I don’t think he should have any rights,” said the Long Islander, whose mom lost everything to the Ponzi scheme. “She has nothing, and here he can go and party — that’s injustice.”

Peter, the chief compliance officer at Bernard L. Madoff Investment Securities, had worked for Bernie for 40 years and raked in $40 million from 1998 to 2008 alone.

He pleaded guilty in June to conspiracy to commit securities fraud and falsifying documents.

He claimed to be “deeply ashamed and sorry,” yet maintained that he, too, was a victim of his brother’s $20 billion fraud.

US District Judge Laura Swain said the claim of ignorance was “frankly, not believable.”

Rebecca had begged the judge to let her “Papa” attend her 13th-birthday rite.

“Papa and I have always looked forward to sharing the experience of my bat mitzvah. I would give anything just to have him see me reading from the Torah even if it was only for a second,” the girl wrote.

Rebecca is the daughter of Scott Skoller and Shana Madoff, 42, Peter’s daughter and the in-house counsel and compliance director for Madoff’s now-defunct firm.

Divorced from Skoller, Shana married Eric Swanson, a former Securities and Exchange Commission inspector, in 2007.

Central Synagogue Rabbi Peter Rubinstein also wrote the judge.

“I suspect that the unfolding tragedy of Peter’s circumstances . . . were hatched early on in his dependence on his older brother as the closest father figure he had,” Rubinstein wrote.

Peter joined the 2,000-member synagogue, the oldest in the city, in 2007.

As part of his plea deal, he forfeited his assets. He and wife Marion, are roughing it in a $3,300-a-month apartment in Battery Park City.

Madoff’s next stop will be the medium-security federal prison in upstate Otisville — named by Forbes as one of the cushiest lockups in the nation.

 

[The Bobster]

http://www.nypost.com/p/news/local/madoff_staffers_bombshell_sexual_l8Ihn8okAt0Vpduz8R6XJI

Madoff, staffers 'were at various times in romantic and/or sexual relationships with one another,' bombshell court papers reveal
By RICH CALDER
Last Updated: 4:09 PM, August 9, 2013
Posted: 3:51 PM, August 9, 2013

It was a sex-crazed environment at Bernie Madoff’s company as the Ponzi scheme king and other key staffers were involved in various romantic relationships with one another, bombshell court documents released by the feds today claim.

With Madoff’s former secretary and four other associates of Madoff Securities facing trial for their roles in the massive $65 billion, prosecutors in court papers revealed that various "employees --- including all but one of the defendants, several Government witnesses, and Bernard Madoff himself – were at various times in romantic and/or sexual relationships with one another."

The papers, which ask Judge Laura Taylor Swain to exclude the “inflammatory” evidence at the trail, also say that one example of the office sex romps is that “one of the defendants was in a love triangle with Bernard Madoff himself.” The person is not named.

Madoff’s ex-longtime secretary Annette Bongiorno is facing trial on charges of securities fraud and conspiracy, as prosecutors allege she pocketed more than $14 million in fraudulent profits by “investing” about $920,000 in Madoff’s scheme.

Other ex-Madoff employees on trial include office worker Joann Crupi, computer programmer George Perez and Jerome O'Hara,and former operations officer Daniel Bonventre.

Each were in Manhattan federal court today and pleaded not guilty to a superseding indictment introduced last week. The sex romps did not come up during the hearing.

 

[The Bobster]

http://www.nypost.com/p/news/local/judge_refuses_dates_early_madoff_3PWzBFn1UvTauh3cChy3hO

Judge refuses bid from Madoff's ex-secretary, 4 others to push back trial dates to early January
By RICH CALDER
Last Updated: 1:22 PM, August 9, 2013
Posted: 1:19 PM, August 9, 2013

Bernie Madoff’s former secretary and four other associates charged with profiting from the massive $65 billion Ponzi scheme were dealt a big blow today after a federal judge refused to push back their trials’ starting date from October to early January – even after their lawyers claimed a newly released superseding indictment is littered with “inflammatory” language detailing new allegations.

“Now that this trial is two months away, this bomb has been dropped in or midst,” Gordon Mehler, a lawyer for Madoff computer programmer Jerome O’Hara told Judge Laura Taylor Swain in Manhattan federal court.

Annette Bongiorno


Among the new allegations that the defendants' lawyers claim they must now deal with in a superseding indictment released last week are that some of the five ex-Madoff workers "misappropriated" client funds and also were ordered to create “fake” financial reports to further the scheme -- rather than the government’s previous assertion that they initially were unaware of the wrongdoing and only found out after the fact.

Swain sided with government, saying a trial extension isn’t warranted by law because there's “no new charges and no new defendants” in the superseding indictment.

Madoff’s ex-longtime secretary Annette Bongiorno is facing trial on charges of securities fraud and conspiracy, as prosecutors allege she pocketed more than $14 million in fraudulent profits by “investing” about $920,000 in Madoff’s scheme. Other ex-Madoff employees on trial include O’Hara, another computer programmer George Perez, former operations officer Daniel Bonventre and an office worker Joann Crupi.

Each were in court yesterday and pleaded not guilty to the superseding indictment.

 

[The Bobster]

http://www.nypost.com/p/news/local/madoff_cohorts_in_tryst_twist_OgkT1x88nRzZcJIs8bpLtJ

Former Bernie Madoff employees want more info on office ‘sex’ claims
From REUTERS
Last Updated: 6:33 AM, August 24, 2013
Posted: 1:58 AM, August 24, 2013

Five former employees of Bernard Madoff responded Thursday to government assertions that all but one of them and Madoff were involved “in romantic and/or sexual relationships” with one another and that Madoff himself was ensnared in a “love triangle.”

In short, they want more details, according to papers filed in Manhattan federal court.

Madoff pleaded guilty in March 2009 to running a fraud of up to $65 billion at his investment firm and is serving a 150-year prison sentence.

The five are former investment-advisory employees Joann Crupi and Annette Bongiorno, former operations manager Daniel Bonventre, and former computer programmers Jerome O’Hara and George Perez.

Lawyers for the employees did not comment.

But the attorneys demanded more details in a legal filing.

“We still have no information regarding the timing or duration of the relationships or the source of the information, and these facts are critical to the defendants’ decision whether or not to cross-examine the government’s witnesses concerning the allegations,” the filing said.

 

[The Bobster]

http://nypost.com/2013/09/13/madoff-gals-get-break-on-mugshots/

Madoff gals get break on mugshots
By Rich Calder
September 13, 2013 | 6:49am

Ugly mugs: The mug shots of Joann Crupi (left) and Annette Bongiorno will be "cropped" for their trial.


The feds have given a break to two female former Bernie Madoff staffers who feared that their unflattering mug shots would prejudice a jury against them.

In papers filed in Manhattan federal court Thursday, government lawyers agreed to “crop” photos of secretary Annette Bongiorno, 65, and office worker Joann Crupi, 52, who have been charged in connection with Madoff’s Ponzi scheme.

Both had asked a federal judge to exclude the shots from trial next month because of the possibility they could hurt them at trial.

“The Government agrees to crop the booking photographs — to show only the front view, for example — to eliminate any perceived risk of prejudice,” the feds wrote.

In a filing two weeks ago Crupi’s lawyer, Eric Breslin, said his client’s “mug shot has every conceivable hallmark of a jailhouse photograph, with the possible exception that she is not holding a ball and chain.”

Both women – along with three male ex-Madoff staffers also awaiting trial on Oct. 7 – came under scrutiny last month after prosecutors revealed the Ponzi monster was enmeshed in an office love triangle with one of the defendants, but didn’t say which one.

 

[The Bobster]

http://nypost.com/2013/09/26/former-madoff-accountant-arrested/

Former Madoff accountant arrested
By Jamie Schram and Rich Calder
September 26, 2013 | 11:44am

The feds have widened their criminal probe of Bernie Madoff, arresting the Ponzi king’s longtime accountant, law enforcement sources said.

FBI agents arrested accountant Paul Konigsberg at his Greenwich, Conn., home around 6 am Thursday.

Konigsberg, 77, a longtime friend of Madoff is expected to appear in Manhattan federal court later today.

He is a founding partner of Konigsberg, Wolf & Company.

The specific charges against him were unclear.

Reed Brodsky, a lawyer for Konigsberg, did not immediately respond to requests for comment.

A spokeswoman for U.S. Attorney Preet Bharara in New York, where Madoff’s firm was based, declined to comment.

Madoff was arrested on Dec. 12, 2008 for running a Ponzi scheme at Bernard L. Madoff Investment Securities LLC over several decades and is serving a 150-year prison sentence.

Several others charged in the scandal have pleaded guilty.

Five former employees of Madoff’s firm who prosecutors said aided the fraud have pleaded not guilty, and are scheduled to go to trial in federal court in New York on Oct. 7.

 

[The Bobster]

http://nypost.com/2013/10/24/bernie-madoff-a-maestro-of-obscenities/

Bernie Madoff a ‘maestro of obscenities’
By Rich Calder
October 24, 2013 | 6:54pm

He was king of the Ponzi scheme — and the F-bomb.

Bernie Madoff ran a foul-mouthed workplace in which the arch fraudster was the “maestro of obscenities,” one of his former staffers told jurors on Thursday.

Former administrator assistant Winifier Jackson testified that F-bombs and other curse words were exchanged with reckless abandon at Madoff Securities — especially by the imprisoned con man and his longtime secretary, who is on trial for fraud.

While being questioned by prosecutors, Jackson, 45, said secretary Annette Bongiorno — whom she reported to — was sometimes a generous boss but also could “be very mean” — and would repeatedly shout curse words at her if work wasn’t up to satisfaction.

Recalling one such example, Jackson said Bongiorno shouted to her “what the F–k are you doing?” after Jackson “made an error on something.”

After being cross-examined by Bongiorno’s lawyer Roland Riopelle, Jackson revealed that the short, portly secretary seriously loved her “snacks” — especially Entenmann’s treats — after jurors were shown a 2008 photo of Bongiorno’s workspace that included a box pound cake on one of her two desks.

The photo also showed Bongiorno’s computer decorated with a cut-out photo of Tweety Bird and her wall draped with holiday cards and a photo collage of predominantly children’s pictures.

Regarding Bongiorno’s filthy vocabulary, Riopelle got Jackson to admit Madoff Securities was filled with many other foul mouths – especially the big boss himself. When asked whether Madoff was a “maestro of obscenities,” she answered “yes.”

Jackson worked more than 20 years for Madoff before he and his operation at the Lipstick Building in Manhattan were busted by the feds in December 2008. For much of that time, she worked on the building’s 17th floor where prosecutors say all the shady dealings went on — apparently under Jackson’s nose.

The feds presented Jackson to help strengthen their case that both Bongiorno and another ex-Madoff staffer on trial, former account manager Joann Crupi, spent much of their time going through media reports for stock prices while thinking up lies to tell investors.

She testified how her job included looking up historical stock prices on a Bloomberg terminal that could be backdated and punched into false customer-account statements.

However, she later wound up shooting down a key piece of evidence by the government against Bongiorno.

Prosecutors showed a 2007 statement of a Madoff account with the philanthropic Picower Foundation that Bongiorno scribbled “old sales and new buys and fake sales” atop the page. But Jackson minutes later answered “no” after Riopelle followed up by asking if she thought anything “nefarious” was going on relating to the “fake sales” phrase.

The other ex-Madoff staffers on trial are operations chief Daniel Bonventre and computer programmers George Perez and Jerome O’Hara.