From 19961999 his regular trading account made from 120550% a year. But when Andrew died in 2014 of a rare lymphoma, she moved to a rental townhouse in Old Greenwich, Conn. where one-bedrooms listed for $3,100 a month, where she drove a Toyota Prius and was known as a jeans-clad fixture selling crafts at local church bazaars. "Merkin held himself out to investors as an investing guruIn reality, Merkin was but a master marketer. According to the Post, she moved there to be closer to her grandchildren. NEW YORK -- Convicted swindler Bernard Madoff and his wife, Ruth, owned net . His daughter is married to Eric Swanson and has two children with him. [102][105] Picower died before the settlement. Marshals Seize Penthouse", "Bernie Madoff's wife, Ruth, agrees to account for monthly spending", "Trustee Sues Ruth Madoff for $44.8 Million", "Trustee Sues Ruth Madoff for More Than $44 Million", "Lawsuit Against Ruth Madoff (Irving Picard)", "Bernard Madoff's Wife Ruth Will Hire Her Own Lawyer (Update2) - Bloomberg.com", "Madoff to appeal bail, net worth revealed | U.S.", "Prosecutors Try to Recover Assets of Madoff's Wife", "Ruth Madoff Says Her $62 Million 'Unrelated' to Fraud (Update2) - Bloomberg.com", "Bernie Madoffs wife Ruth settles with court-appointed trustee", "Will Ruth Madoff Keep Her Remaining $2.5 Million In Assets? Madoff paid for her honeymoon airfare. In March 2013 a three-judge appeals court granted a hearing in a lower court on his seized funds access request. Fiserv is accused of breach of fiduciary duty, fraud, negligence, and aiding and abetting breach of fiduciary.
The Madoff Scam: Meet The Liquidator - CBS News He remarried Stephanie in 2003 in Nantucket. Investors who filed an involuntary personal bankruptcy petition against Madoff want his business's U.K. unit's bankruptcy moved to New York because "overlapping discovery, related assets and common creditors" among the various cases mean they should be in the same court. Some evidence of backdating trades, instituted by Picower, was presented by trustee Irving Picard. In his allocution to the Court, he admitted that he had known for at least two decades that Madoff was a fraud; he claimed to have learned in the late 1980s or early 1990s that no actual trading was occurring in Madoff's investment-advisory client accounts. But Saul Katz is not one of them. [112] Family members with shares included Mark and Andrew Madoff, Peter Madoff, and Bernard himself. [4] ", "Ruth Madoff forfeits asset claims, left with $2.5 million", "Trustee Sues Ruth Madoff for More Than $44 Million,", "Life After Madoff: Ruth Living on $2.5 Million in Connecticut", "Bernie Madoff's Ponzi Scheme - How the Scandal Affected His Family, Ruth, Mark & Andrew", "Mets Bayou Accord May Be Model for a Madoff Suit Deal", "Mario Cuomo Is Named Mediator in the Mets-Madoff Case", "Mets' Owners Pay $162 Million to Settle Madoff Suit", "SECURITIES INVESTOR PROTECTION CORPORATION vs. BERNARD L. MADOFF INVESTMENT SECURITIES LLC", "Madoff lawsuit: Mets owners owe victims $300M", "N.Y. Mets owners reach revised deal with Madoff trustee", "SECURITIES INVESTOR PROTECTION CORPORATION, vs BERNARD L. MADOFF INVESTMENT SECURITIES LLC", "How warning signs eluded Bernard Madoff's man in Syracuse", "Judge Freezes Assets of Madoff's Family - WSJ.com", "The Madoff Chronicles, Part III: Did the Sons Know", "Madoff Sons Are Scrutinized Over Contacts With Some at Investment Arm - WSJ.com", "Bernie Madoff's sons should pay, two traders' suits charge", "Madoff son's suicide follows battle with trustee", "UK court dismisses case against directors of Madoff unit", "Bernard Madoff's son, 48, dies in cancer battle", "Lawsuit claims Picower profits from Madoff $5 billion", "Billions Withdrawn Before Madoff Arrest", "Madoff may not have benefited most in scam", "Madoff Trustee Gets 'game Changing' 7.2 Billion Settlement" - NECN, "Madoff Trustee Recovers $7.2 Billion for Victims of Scheme" - The New York Times, "ORDER PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE AND RULES 2002 AND 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE APPROVING AN AGREEMENT BY AND AMONG THE TRUSTEE AND THE PICOWER BLMIS ACCOUNT HOLDERS AND ISSUING A PERMANENT INJUNCTION", "Madoff Client Jeffry Picower Netted $5 BillionLikely More Than Madoff Himself", "Frank DiPascali Pleads Guilty, Bernard Madoff's Accomplice ABC News", "SEC CHARGES KEY MADOFF LIEUTENANT FOR OPERATING AND CONCEALING FRAUD THROUGH BOGUS TRADES AND DOCUMENTS", "Madoff Aide Allegedly Got Fake 'Tickets' of Trading", "Madoff's Point Man Is Cast in Same Role for Prosecutors", "Probe Eyes Audit Files, Role of Aide To Madoff", "Former Madoff Aide Frank DiPascali Dies at Age 58 of Lung Cancer", "Bernie Madoff: Why Is Bernie's Controller, Enrica Cotellessa-Pitz, Getting A Pass In The Press? One of their sons, Charles Wiener, was a 30-year Madoff employee who told The Post in January 2009 the fraudwiped him outand was emotionally devastating to our entire family.. Madoff owned 15%. [119] Their trial (USA v O'Hara et al. [120] A jury found him guilty, and on December 10, 2014 Perez was sentenced to 2 years in prison for his role in the scam. After law school, Peter Madoff's daughter became his deputy at Uncle Bernie's firm, where she served as a compliance director . [132], Joann Crupi is a former investment advisor to Madoff. Mark Madoff, one of Bernard Madoff's sons, was found dead of an apparent suicide on Dec. 11, 2010. [139], On April 1, 2009, the Commonwealth of Massachusetts filed a civil action charging Fairfield Greenwich with fraud, breaching its fiduciary duty to clients by failing to provide promised due diligence on its investments. Madoff International's listed assets are as much as $500 million and debt of more than $1 billion in its bankruptcy petition. On May 1, 2009, Irving Picard, bankruptcy trustee, filed a lawsuit against Stanley Chais, 82. Calling himself a victim of Madoff, he faced a possible sentence of 20 years. Bernie Madoff lost nearly $1 billion. [127] In spite of this, Judge Swain would later deny Bongiorno an early release in January 2019, stating that her only option to spending the rest of her sentence outside of prison was under home confinement. According to court filings, she received more than $3 million from the business over the prior six years to pay personal expenses charged to her American Express card, and $2 million in payments to a business called PetCare RX. The plaintiffs are all investors in hedge funds with assets that they entrusted to Madoff for investment.
Bernie Madoff - Overview, History, and the Ponzi Scheme The victims of his fraud, some of whom went overnight from comfortable wealth to frantic desperation, numbered in the thousands and were scattered from Palm Beach, Fla., to the Persian Gulf. "Simply put, if the Family Defendants had been doing their jobs honestly and faithfully the Madoff Ponzi scheme might never have succeeded, or continued for so long," Picard's . He admitted to simply rubber-stamping Madoff's filings with the SEC; rather than perform actual audits, he signed blank SEC forms before Madoff and others filled them in. Marcia Cohn, Maurice Cohn, and Alvin Delaire, Jr. failed to appear. Date of Birth: Apr 29, 1938 - Apr 14, 2021 (82 years old . She has a masters degree from American University, lives by the beach, and hopes to own a teacup pig and taco truck one day. Madoff paid Jaffe directly through accounts he kept with Madoff at much higher returns than earned by other investors. The agreement was made with the Stanley Chais estate, Chaiss widow, children, and a number of other Chais family members, investment funds, trusts, companies, and other entities associated with Chais. At the time of Madoff's arrest, fake account statements were telling clients they had holdings worth $60 billion. [39][53] In November, she also received $2 million from her husband's London office, Madoff Securities International Ltd.[1][54], On January 30, 2009, a CBS News investigation discovered that the Madoffs were moving assets during the 2006 SEC investigation. (No. This story has been shared 177,460 times. Even then, his operation remained very small; in 2008 it only garnered $180,000 in earnings, far less than conventional wisdom would suggest for a firm that was supposedly earning substantial fees from auditing the Madoff operation. [52] His current whereabouts are unknown. [202] Maxam's attorney, Jonathan D. Cogan said,"The Town of Fairfield's suit is an outrageous publicity stunt to divert attention from the town's own decision to invest in Madoff, which was made long before it did business with Maxam." DiPascali's name was sometimes given as an alternate contact. At least two investors with Mr Madoff took their own lives after their losses. The complaint alleges Fiserv failed "to hold and safeguard assets entrusted to it" by about 800 Madoff customers who had been told to hire Fiserv to handle their accounts with him. Some investors of Tremont had a net gains and could have been subject to clawbacks from the bankruptcy attorney if Tremont was forced into insolvency and the bankruptcy attorney could then examine the books of Tremont to see the actual investors' net Madoff gains. . 10-0228) opened on October 7, 2013. In December 2014, Bongiorno was sentenced to six years in federal prison, the last of which was to be served under house arrest. This was something I will live in for the rest of my life. [142][143], On April 13, 2009, Judge Arthur Hiller in Bridgeport, Connecticut, dissolved the temporary order he imposed March 30 freezing Noel's and Tucker's assets. His attorney is H. James Pickerstein. The firm consisted of two principals, David G. Friehling and Jerome Horowitz, and a part-time secretary. He was arrested in 2010 and charged with allegedly having created false and fraudulent books and records, conspiracy, securities fraud, and tax-related charges. [218] However, after testifying at Bongiorno, Crupi, Bonventre and Perez' trial, he was sentenced to 10 months' house arrest and 200 hours community service in 2015. Last Updated: February 2023.
What happened to Bernie Madoff's family? Where Ruth Madoff and others [137], Madoff was able to pitch his business in Europe and South America indirectly through Fairfield fund's founder, Walter Noel's son-in-law Andrs Piedrahita. . The pension fund case is Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43], On July 28, 2011, Irving Picard, the receiver assigned to Madoff's Ponzi scheme, extracted a settlement from Tremont worth over one billion dollars. The defendants include founders Walter Noel and Jeffrey Tucker and other fund partners who the plaintiffs allege "failed to fulfill their contractual obligations to use best efforts to supervise the operations" of Madoff-related investments and to "oversee the day-to-day investment activities of the fund." [96], On September 3, 2014, Andrew Madoff died of mantle cell lymphoma at Memorial Sloan Kettering Cancer Center in New York City. [36], Peter also owns between 5 percent and 10 percent of, and is a director of, Cohmad Securities Corp.[37] He has been subpoenaed by Massachusetts's Secretary of State William F. [3], Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office. [22], Madoff's firm paid Friehling between $12,000 and $14,500 a month for his services between 2004 and 2007. According to Celebrity Net Worth , it's now somewhere around $45 million, though Bacon has . Their eldest son, Mark .
Peter Madoff and his daughter Shana are pictured for the first time [130][131] He was released early from prison on September 9, 2022. After his arrest, his wife Ruth settled with federal prosecutors in a deal that saw her give up her claim to assets . [94], On December 11, 2010, on the second anniversary of his father's arrest, Mark Madoff was found dead in his New York City apartment from an apparent suicide. The complaint names Tremont Group Holdings, its Rye Investment Funds, Oppenheimer Acquisition Corporation, OppenheimerFunds, which owns Tremont, Massachusetts Mutual Life Insurance Company, a majority owner of OppenheimerFunds and KPMG, Tremont's auditor, as defendants. He was eventually freed in August of 2020 and currently lives in West Palm Beach, Florida, according to the Daily Mail and CNBC. Here's what happened to convicted scammer Bernie Madoff's widow, Ruth; sons, grandchildren and other family members after he was sentenced to 150 years in prison for a $64.8 billion Ponzi scheme.
Bernie Madoff, Architect of Largest Ponzi Scheme - The New York Times In 1987, Mr. Cohn had shares of Madoff Holdings Ltd., a predecessor to the current London firm. [15], Friehling was charged on March 18, 2009, with securities fraud, aiding and abetting investment adviser fraud, and four counts of filing false audit reports with the Securities and Exchange Commission. Their money was held in accounts called "RuAnn" (named after Annette and her husband Rudy). . Madoff agreed to attachments of $2.5 million to his Long Island home. They had not spoken with their mother either, only communicating with her through lawyers. [28][29], Peter graduated from Fordham University School of Law in 1970 and was formerly director of the National Stock Exchange (Cincinnati Stock Exchange). JEHT helped the less fortunate, especially ex-convicts. [213], A $1billion class-action federal lawsuit was filed in Colorado against Fiserv, Inc. of Brookfield, Wisconsin, whose subsidiaries were custodians for pension or IRA accounts and invested with Madoff. Then her husband who shed started dating at age 13 went to prison and her world crashed down hard. [15] However, there is some skepticism about claims that Mark and Andrew were not in on the fraud. The fund held $2.3 billion on Sep 30, 2008, collecting $34 million in fees a year. He finished his bachelors' degree from Queens College andgraduated from the Fordham University School of Law. [37][172], On January 14, 2009, William F. Galvin, Secretary of the Commonwealth of Massachusetts, who is in charge of the state's securities issues, filed suit against Jaffe, who promoted Madoff's funds to wealthy investors in Massachusetts and Florida. [138] Another Noel son-in-law's territory included Asia. Bongiorno joined Madoff Investment Securities in 1967, soon after graduating high school; only Madoff's wife Ruth and brother Peter were at the firm longer. Peter Madoff was born in 1953 in the United States of America. Andrew had several million dollars invested with his father at the time the fraud was revealed. Ruth and Bernie Madoff had an intimate relationship with Levy and his wife, Betty. Having never made a contribution, he withdrew more than $5 million. Madoff's son Mark Madoff died from suicide in 2010, while his other son Andrew Madoff died of lymphoma in 2014, blaming the recurrence of his cancer on his father. As a documentary series that delves into the rise and fall of financier Bernard "Bernie" Madoff, Netflix's 'Madoff: The Monster of Wall Street' can only be described as haunting as well as riveting. Photo: Andrew Harrer/Bloomberg via Getty Images. Neither is Fred Wilpon. [43], On June 16, 2009, former employees Richard Stahl and Reed Abend filed separate lawsuits against Madoff's sons claiming nearly $2 million in deferred compensation. his brother, Bernard Madoff, the mastermind behind the scheme pleaded guilty in 2009 and is currently serving his 150 years sentence in jail. It was Levy who introduced high-profile investors to Madoff. [125] Her trial opened on October 7, 2013. [69], In June 2009, shortly before Bernie Madoff was sentenced, prosecutors reached an agreement allowing Ruth Madoff to keep $2.5 million, while taking and selling the Madoffs' other assets. It's twice the size of the net worth of the world's richest person.
Ruth Madoff Net Worth | Celebrity Net Worth According to the prosecutors, he had properly done his job as the chief compliance officer at Bernard L. Madoff Investment Securities. Nor was the firm "peer reviewed," in which auditors check out one another for quality control. We've received your submission. Business Investment Scam Wall Street Book Excerpt. [126] She claimed that she was merely doing the same thing she had been doing for over 40 yearsbolstering evidence that Madoff began his Ponzi scheme far earlier than 1991.
Justice Department Announces Additional Distribution of More than $568 He took about 3.8% of the profits as management fees. He was last living in Miami. The Maxam fund in turn invested in Madoff through Tremont. Instructions to staff was that they communicate with Madoff Securities through personal e-mail accounts, not through company e-mail.
The Fortunes of Bernie Madoff, American Investor and Fraud, at His Lawsuits filed have been consolidated into three categories: federal security laws, insurance actions, and state law actions. He's the subject of a new Netflix docuseries. [16] Others were suspicious that Madoff refused requests for due diligence because his accountantsupposedly his brother-in-lawwas the only one allowed to see the books. Mr. Konigsberg's firm has received a civil subpoena from the SEC. She was also sued by Irving Picard, the court-appointed trustee, accusing her to live a wealthy life out of the profits coming from the fraud. The payment of $1 billion to the Madoff truste, provided by Massachusetts Mutual Life as a loan to Tremont, may have protected the reputation and financial interest of Massachusetts Mutual Life, as well as, saved Tremont's customers with net gains from Madoff from clawbacks. Hed never been charged in a crime, but those closest to him said the intense media scrutiny that came with the anniversary was too much for him. Peter was sentenced to 10 years in prison and had been scheduled for release in 2021. Madoff was long known to have been Levy's "fixer," obtaining everything from choice restaurant reservations to emergency medical care. As of February 2023, Alexander Molony has an estimated net worth between $ 900,000 - and $ 3 million. Withdrawals were treated as a loss, which "suggested that profits generated by Madoff were fictitious", although Madoff changed the arrangement for Maurice Cohn in 2002, to pay him a flat $2 million a year. And hes killing me slowly.. Madoff's brother, Peter, was also arrested and sentenced to 10 years in jail for his part in the Ponzi scheme. Children. Ruth Madoff withdrew $5.5 million on November 25, 2008, and $10 million on December 10, 2008, from her brokerage account at Cohmad, a feeder fund which had an office in Madoff's headquarters and was part-owned by him. Peter Madoff's net worth is not known right now, as it would have been forfeited as part of the $143.1 billion settlement. [77] On March 19, 2012 Wilpon and Picard agreed to settle the lawsuit for $162 million. Many of Madoffs former clients testified at his trial, claiming they lost their life savings as a result of his Ponzi scheme. Madoff: The Monster of Wall Street is streaming now on Netflix. The case is Fairfield Sentry Ltd. v. Fairfield Greenwich Group, 601687/2009, New York State Supreme Court (Manhattan). This Year (Update4)", "U.K. Could Charge More Than Just Madoff", "Trustee Granted Control Over Madoff's Stake In UK Operations", "Madoff Used U.K. Office in Cash Ploy, Filing Says - WSJ.com", "Was Madoff 'Victim' and Best Friend an Accomplice? [59] The case is Picard v. Madoff, 1:09-ap-1391, U.S. Bankruptcy Court, Southern District of New York (Manhattan).[60][61][62]. [163] Picard, however, sued in bankruptcy court to stop the settlement, saying it obstructed his own effort to obtain $500million from Merkin and his funds for other investors. [100] The Picowers' lawyer, William D. Zabel of Schulte Roth & Zabel, responded that, "They were totally shocked by his fraud and were in no way complicit in it."[99]. [37] Jaffe is married to Ellen Shapiro, daughter of Boston philanthropist Carl J. Shapiro, the founder and former chairman of apparel company Kay Windsor Inc., and an early investor and close friend of Madoff. Madoff was the investment adviser over all the $300 million Maxam Absolute Return Fund's assets. The Town of Fairfield, Connecticut invested in Madoff through the Return Fund created by Maxam Capital Management LLC, based in Darien, Connecticut. [23], In August 2008, JPMorgan Chase pulled $250 million from this Madoff feeder fund account. [216][217] He told prosecutors that after the main backoffice secretary on the 17th floorAnnette Bongiorno in the 1970s and 1980s, and Judi Crupi from the 1980s onwardtold him how much money should be "invested" for a client, he would note how much volume actually occurred so the "trades" looked real. Women's Health may earn commission from the links on this page, but we only feature products we believe in. I did not question what I should have questioned. BY Allan Dodds Frank. Amount returned: $7.2 billion. "Ruth Madoff was never an employee of BLMIS yet millions of dollars belonging to BLMIS and its customers found their way into her personal accounts and investments without any legitimate business purpose or any value to BLMIS, simply because of her relationship with Bernard Madoff." Ruth Madoff, Bernard Madoff's wife, also held shares. Shana Madoff Net Worth. Ultimately, Picard's suit to stop the settlement was unsuccessful. Madoff had purchased their $9.5 million Palm Beach mansion in March 1994 in his wife's name. She faced up to 75 years in jail. [204][205][206][208][209] In December 2018, the High Court of Ireland ruled that Defender's claim against HSBC was reduced by 100% due to Defender's earlier settlement with BLMIS. [41] The case is Ross v. Madoff, 09-5534, New York Supreme Court for Nassau County (Mineola). Brother of convicted Ponzi king Bernard Madoff ,67-year-old Peter Madoff, arrives at U.S. District Court in Manhattan on December 20, 2012 in New York City. He would be forfeiting $143 billion worth of property as per the online sources. Madoff International's listed assets are as much as $500 million and debt of more than $1 billion in its bankruptcy petition. [70] She is required to provide reports to Picard about her expenditures often, as to any purchase over $100, to ensure she does not have any hidden bank accounts. a rental townhouse in Old Greenwich, Conn. Madoff biographer and business journalist Jim Campbell, his sentence for his involvement in the scheme, was released from home confinement and federal custody, sold his seized, $3.5 million Long Island mansion, banned his young grandchildren from his lavish penthouse, to repair his relationship to his grandchildren. June 29, 2012: Peter Madoff, leaves Federal Court in New York after . Stanley Chais was a wealthy investment advisor from Beverly Hills, California, who was accused of steering money to private interests, including Madoff, through Chais's Brighton Co., a limited partnership formed to manage money. Madoff's temporarily seized a s sets that he previously ordered were modified to be allowed to use up to $10,000 per month as living expenses. [113] According to an SEC memo, DiPascali "responded evasively" to questioning following Madoff's arrest. . Peter B. Madoff is a married man. Madoff: With Drew Gregory, Richard Dreyfuss, Blythe Danner, Frank Whaley. [207] Defender appealed that decision to the Irish Court of Appeal. Alvin J. [74][75], Sterling Equities, a group of companies owned by Fred Wilpon, was sued in December 2010, for $1 billion by trustee Picard.
Was Bernie Madoff Worth Anything At The Time Of His Death? - Grunge.com Though Bernard Madoff was the firm's owner, he paid a huge amount of money to Peter Madoff. Madoff was effectively given a life sentence - 150 years - and his brother, Peter, who also worked for Bernard L. Madoff Investment Securities LLC, received a prison sentence of 10 years. [120] On December 8, 2014, Bonventre was sentenced to 10 years in federal prison after being convicted on securities fraud and tax-evasion charges for his involvement in Madoff's $17.5 billion fraud. [122][123] N.Y.); Finkelstein v. Tremont Group Holdings, Inc. (08 CV 11141, S.D. Madoff told investors DiPascali executed trades. In Dec 2012 Bonventre's request for access to his seized funds for legal defense purposes was turned down by U.S. District Court. [176], On March 15, 2009, Federal prosecutors filed a notice in federal court declaring its intent to seek the forfeiture of the Madoffs' interests in Cohmad Securities. The pension fund case was Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43], She did not attend her husband's sentencing. She has been named in several civil actions. Arguello found that the investors bore responsibility for the investment decisions, and that the funds transferred to Madoff were done so at the direction of the investors. Madoff's death comes about 12 years into a 150-year prison sentence stemming from fraud charges that bilked thousands of investors out of an estimated $65 billion in promised returns on $20 . [87] Madoff has contended that his sons were not involved in the fraud, a claim backed up by his longtime secretary, Eleanor Squillari; she believes that if the sons were involved in the fraud, she would have known about it. We break down his net worth, and how he amassed his riches, in this article.
Bernie Madoff: Disgraced financier dies in prison - BBC News Members of the Madoff family, including Madoff, own holding companies that own Primex LLC, which holds intellectual property licensed to the Nasdaq stock market. [14][15], Well before the Madoff scandal broke, several observers doubted that a tiny firm with only one active accountant could competently audit a firm that had grown into a multibillion-dollar operation. "[126] The sentence was far shorter than even the eight- to ten-year sentence recommended by her own lawyer. How much is Bernie Madoff worth today?
Bernie Madoff Facts American Fraudster And Financier | Kidadl Due to the forfeiture and the ten years prison, Madoff's net worth is in negative figures. Bernie pleaded guilty in March 2009 . [63] She is represented by attorney Peter Chavkin[64] and David Barres. He is of White ethnicity and holds American nationality. Celebrated in the U.S. and Israel for his philanthropy, Chais said he'd been duped. ", "Madoff's Former Controller Avoids Prison", "Former Madoff aide seeks release of funds for his defense", "Judge sets October 2013 trial date for ex-Madoff backroom staff", "Madoff Aide Allegedly Got Fake Trading 'Tickets', "Madoff Key Aide Recruited Her Neighbors as Investors (Update2) - Bloomberg.com", "Bernie Madoff's secretary comes away with mansions and Mercedes", "Ex-Madoff Employee Bongiorno Unable to Post Bail, Must Remain in Custody", "Bernie Madoff's Secretary Annette Bongiorno Out on Bail", "Madoff secretary gets 6 years after judge cites 'small stature', "U.S. judge rejects early release for Madoff ex-secretary", "House Arrest Extended for Alleged Madoff Conspirator Annette Bongiorno", "Madoff Aide Gets a Sentencing Break for Not Being Madoff", "Former Madoff account manager sentenced to six years", "Leniency for ex-Madoff staffer sparks complaint", "Ex-Madoff manager, computer programmer get prison terms", "Madoff Scheme Kept Rippling Outward, Across Borders", "Madoff Dealings Tarnish a Private Swiss Bank", "Madoff's Banker: Where Was JPMorgan Chase? March 13, 2009, 5:59 PM. [152] The Connecticut Attorney General Richard Blumenthal is examining the role boards of nonprofits played, in possibly not conducting due diligence on donors' contributions.
Bernie Madoff's 6 Grandkids Changed Their Last Names And neither are the rest of the partners at Sterling Equities who, along with Fred Wilpon and Saul Katz, are sophisticated investors who oversee and control Sterling and its many businesses and investments." [71] Bernie Madoffs lawyer had asked the government to allow his wife to keep $70 million in assets that were in her name, as he forfeited all rights to assets totaling $170 billion.