Subject:

Bernard Madoff

  • Blogs

    January 3, 2012

    Scott Rothstein Rebuffs Comparison to Bernie Madoff, Claims He Did "the Right Thing"

    ​Here's something laughable -- Scott Rothstein vehemently denies being similar to fellow billion-dollar Ponzi schemer Bernie Madoff.Not only that, Rothstein claimed that he did "the right thing," unlike Madoff, and said Madoff should have taken what Rothstein did "as an example."On the ninth day o ... More >>

  • Blogs

    June 6, 2011

    How Much Would You Pay For Bernie Madoff's Underwear?

    Boxers or briefs, sir?​Some lucky bidder paid $200 for 14 pairs of Bernie Madoff's boxers at a government auction this weekend at the Miami Beach Convention Center. The undies were confiscated from the Ponzi schemer's Palm Beach mansion and sold by the U.S. Marshals Service, along with his prescri ... More >>

  • Blogs

    May 27, 2011

    Bernie Madoff's Shiny and Expensive Stuff From Palm Beach Mansion Up for Auction

    txauction.comSome of Bernie Madoff's junk from his Palm Beach house​If you've ever wanted to own a fishing vest, jumper cables, or a $169,000 painting that  once belonged to Ponzi scheme legend Bernie Madoff, now's your chance.The U.S. Marshals Service is holding a two-day auction on tons of ... More >>

  • Blogs

    March 1, 2011

    Bernie Madoff Talks Again, Revealing His Inner Life to New York Magazine

    Bernard Madoff talks to New York Magazine.​Bernard Madoff is not a sociopath and the U.S. government is a large Ponzi scheme, according to Bernard Madoff -- in New York Magazine. That's circular attribution, a nod to the business mastermind's years of roundabout manipulations. The infamous schemer ... More >>

  • Blogs

    February 16, 2011

    Bernie Madoff Breaks His Silence, Says Banks and Hedge Funds Turned a Blind Eye

    via www.jamesallen.com​Bernard Madoff, the Ponzi villain with Palm Beach roots in real estate and scorned investors, told the New York Times that banks and hedge funds handling his fortune turned a blind (an perhaps unlawful) eye to his criminal schemes. The Times article is based on a prison inte ... More >>

  • News

    December 16, 2010
  • Blogs

    October 21, 2010

    Florida Law Enforcement: Tough on Sagging Pants

    Flickr: spookyriggs​It's the land of Bernie Madoff, Scott Rothstein, prescription drug overdoses, concealed carry, extortion, Mob money, gang violence, and more... but Florida sheriffs have a new menace on their hands. The case of the sagging pants."It's a fashion thing," the Fort Pierce Tribune q ... More >>

  • Blogs

    September 15, 2010

    Uh-Oh, Now Burglars Are Striking at the Country Club

    FlickrA bird's-eye view of the Palm-Aire golf course.​Typically, country clubs don't need sophisticated security systems -- mainly because smash-and-grab thieves don't have the money to cultivate golf as a hobby, meaning there's nothing in the clubhouse worth stealing. Usually, the only theft on a ... More >>

  • Blogs

    April 27, 2010

    Billionaire Hedge Fund Manager Heads to Palm Beach to Distance Self From Bernie?

    Flickr: BobSorosLet's hope Cohen was smart enough not to wear Bernie's hat and jacket combo to the golf course.​We understand it's rough out there for successful hedge fund managers who don't want their clients thinking about Bernie Madoff. But Steven A. Cohen's "I'm not Bernie" parties need some ... More >>

  • Blogs

    April 12, 2010

    Madoff Penthouse Sold; Madoff Pad in Palm Beach Still on Market

    FlickrMadoff's Palm Beach paradise lost.​Considering that Bernie Madoff built himself a cabbage patch of investors, it's fitting that his former Manhattan penthouse would be purchased by the couple who made their millions from the Cabbage Patch franchise of dolls, Al and Patsy Kahn, who talked to ... More >>

  • Blogs

    February 3, 2010

    Morning Juice: Stage Fright at Sun Life; Broward Commissioners Give Voters No Choice on Courthouse

    ​As the weather slowly warms for the big game, let's see what the local headlines have to say:Sun Life Stadium had a mighty scare last night when a stage collapsed during a Super Bowl rehearsal, injuring four people. Not exactly the publicity that the folks at Sun Life had in mind when they ponied ... More >>

  • News

    December 31, 2009
  • Blogs

    November 24, 2009

    The Way We Were: View From Inside the Oasis of the Seas

    Does anyone still remember 2007, when we were all spending like a bunch of drunken Scott Rothsteins? Turns out the world's biggest ship, Port Everglades-based Oasis of the Seas, is also the world's biggest floating time capsule. Construction started long before the Lehman Brothers meltdown, during a ... More >>

  • Blogs

    November 10, 2009

    Palm Beach Steakhouse Serves Five-Hour Happy Hour

    ​If you're not a subscriber to our weekly Café Bites dining newsletter for Broward and Palm Beach counties, here's a taste of what you missed this week. Click here to subscribe. "Happy hour" is sooo pre-recession. If you really want to show cash-strapped gazillionaires a deal, you gotta go "happ ... More >>

  • Calendar

    November 5, 2009
  • Blogs

    November 4, 2009

    Rothstein's Jewish Legacy, Enshrined in Black and White

    Photo Courtesy of Downtown Jewish Center Chabad​South Florida's Jewish community just can't catch a break. First Bernie Madoff, now an alleged Ponzi scheme by Fort Lauderdale attorney Scott Rothstein -- what gives?Madoff lured Jewish friends at the Palm Beach Country Club to be investors in his Po ... More >>

  • Blogs

    November 3, 2009

    Madoff Accountant Enters Guilty Plea; Questions Remain for Rothstein Money Manager

    ​David Friehling, an accountant with South Florida roots, is going to follow Bernard Madoff into prison. The Miami native entered a guilty plea today to nine felony charges. Hilariously, Friehling maintains to this day that though he rubber-stamped Madoff audits and invested with Madoff, he didn't ... More >>

  • News

    October 29, 2009
  • Blogs

    September 18, 2009

    Buyer Snatches Up Madoff Home in Montauk; Bidding War for Palm Beach Digs?

    Flickr: edmondsundressedMadoff's home in Palm Beach​This month, when Bernie Madoff's three homes went on the market, it was anyone's guess as to whether their link to the convicted swindler would be regarded as a curse or whether it would add to the home's mystique. Folks with $10 million to spend ... More >>

  • Blogs

    September 16, 2009

    Fore! Bailed-Out Big Shots Exiled to Palm Beach Golf Course

    Flickr: AndreJenny.comExecutives whose blunders had to be bailed out by taxpayers must console themselves at golf courses like this one, at the Breakers.​Much was made of the cold shoulder turned by Palm Beach high society against the Jaffe family and others linked to Bernard Madoff, whose locker ... More >>

  • Blogs

    September 11, 2009

    O Brother, How Dare Thou: Alleged Ponzi Scheme Sparks Sibling Rivalry

    Flickr: Robert Couse-Baker​Canada may have a better health-care system than the U.S., but when it comes time to punish a Ponzi schemer, our neighbors to the north look south with envy. Bertram Earl Jones, a Montreal financier, is that nation's version of Bernie Madoff. He stands accused of committ ... More >>

  • Blogs

    September 10, 2009

    Madoff's Private Space Full of Beige, Bull

    Flickr: sirpeter53Madoff's boat got the precious treatment in Lauderdale​For Bernie Madoff, the bulls never shat. And no bull ever failed to float. We're speaking literally, of course. Figuratively, the bullshit was mountainous and doomed to sink him. But we learned this week that his Palm Beach m ... More >>

  • Blogs

    August 18, 2009

    Morning Juice: Mystery in Miramar; Hurricane's Northern Path May Kill Bill

    ​So far, the morning brings no new information on what, exactly, happened yesterday in Miramar -- just that whatever it was was horrible. WPLG has some video with interviews from neighbors. In the meantime, here's what else is happening in South Florida:The U.S. Justice Department has indicted Alb ... More >>

  • Blogs

    August 13, 2009

    With Plea by Former CFO, Dread Among Ponzi Schemers' South Florida Friends

    miamiarchdiocese.orgKnighted by the Miami Archdiocese, Michael Bienes may have to duel with the government's new witness.​Manhattan accountant Frank DiPascali confessed this week to his role in the Bernard Madoff Ponzi scheme, and he just might be the snitch that federal prosecutors have been wait ... More >>

  • Blogs

    July 28, 2009

    Doesn't Pay to Be Bernie's Buddy Anymore

    Bad news for Madoff associates -- some of whom reside in Broward and Palm Beach Counties -- who were hoping Bernie would take his secrets to the grave. Hot from the AP wire:A lawyer for victims of Bernard Madoff's Ponzi scheme says the financier told him during a 4 1/2-hour prison interview plenty o ... More >>

  • Blogs

    June 29, 2009

    [Updated] Payday: Bernie Gets a Buck Fifty

    U.S. Department of JusticeCareful trying your Ponzi act with inmates' cigarettes, Bern.It's the day that Bernard Madoff gets to pay for his $65 billion sin. If you had money to invest -- and here I'm assuming you're not one of his victims -- then would you invest it on a bet that today the convicted ... More >>

  • Blogs

    May 4, 2009

    Madoff Crony: "God Wanted Us to Have This"

    Former Fort Lauderdale "philanthropist" and Bernie Madoff money man Michael Bienes gave an interview to the PBS investigative news show Frontline, and it looks to be a doozy. Here's a snippet: In it Bienes, who was a member of the Broward arts board and has his name on plaques all over town (inc ... More >>

  • Blogs

    April 15, 2009

    Cheap Eats on the Island?

    Yes, it seems even Palm Beach can't escape the iron clutch of impending economic doom. Fortunes strip-mined by Bernie Madoff, trendy uber-boutiques slinking off Worth Avenue like mangy dogs, billionaires reduced to poverty-stricken multimillionaires. And now an affordable restaurant is heading for t ... More >>

  • Blogs

    April 13, 2009

    Palm Beach Clothier Regrets Talking to New York Times About Bernie's Pants

    In an article about how Bernard Madoff beat the pants off the big spenders in Palm Beach, the story of an actual pair of pants that Madoff purchased but never picked up: that's what we in the media biz call good metaphor.Madoff placed the order with a shop called "Trillion" (How perfect is that?) on ... More >>

  • Blogs

    April 2, 2009

    Feds Launch Surprise Seizure on Unsuspecting Madoff Yacht

    Federal authorities seized Bernie Madoff's yacht in Fort Lauderdale yesterday and then took control of the home his wife owns in Palm Beach. U.S. marshals described "using an element of surprise" to grab Madoff's property, but if you're a Madoff investor, you might describe it as coming, oh, like si ... More >>

  • Blogs

    March 12, 2009

    Madoff Plea Somehow Not Quite Enough

    This morning, MSNBC interviewed one of the many, many victims of Bernard Madoff, who entered his guilty plea to 11 felony charges this morning so he can go to prison to die. The victim, Peter Moskowitz, asks a good question: Is Madoff being a good general, jumping on the proverbial grenade to save a ... More >>

  • Blogs

    March 10, 2009

    From the Penthouse to the Big House: Madoff to Plead Guilty

    Palm Beach financier Bernard Madoff is expected to plead guilty and get a life sentence.Here's betting that Bernie's future fellow inmates are looking forward to performing a very literal rendition of what Madoff did figuratively to his investors.

  • Blogs

    February 23, 2009

    20/20 Madoff Marathon Tells of Mar-a-Lago Scuffle

    photo courtesy dickipedia.comHere's part one from Friday's ABC News series on Bernard Madoff, the Palm Beach playboy-turned-Hiroshima of the financial world. It opens with a rather creepy sniper's view of Madoff working on a computer and fluffing his pillow in his Manhattan penthouse. (Not to defend ... More >>

  • Blogs

    February 20, 2009

    Anti-Semitic Schadenfreude in Palm Beach?

    Rabbi Michael Resnick of Palm Beach's biggest synagogue, Temple Emanu-El, told a national TV news magazine that Bernard Madoff's fraud case has been a catalyst for wealthy anti-Semites in South Florida's most exclusive Zip Code. Resnick's interview looks to be the centerpiece in tonight's edition of ... More >>

  • Blogs

    February 5, 2009

    St. Thomas Aquinas High School, Monsignor On Madoff Victim List -- UPDATED

    The full list of Bernie Madoff fraud victims has been released by the court and among them is St. Thomas Aquinas High, the football powerhouse private Catholic school in Fort Lauderdale.   Listed as the representative for the St. Thomas account is Monsignor Vincent Kelly, who als ... More >>

  • Blogs

    January 27, 2009

    Madoff's House Gets TP'd, Young Criminals Learn About Dressing Up for Crime

    Teenagers toilet papered Bernie Madoff's Palm Beach house this weekend and then called the newspaper to take credit. They said the prank was sanctioned by their parents because Madoff had lost their trust funds. Madoff is confined to his Manhattan condo, so he didn't see the TP himself. Nor did he r ... More >>

  • Blogs

    January 23, 2009

    The House That Madoff Money Built

    You want to know how you would have been living if you'd hooked up with Bernie Madoff and started illegally raising for him right at the swindler's start in the 1960s? You have to look at how Fort Lauderdale's Michael Bienes lived. I've written a lot about the philanthropist who claims he, too, ha ... More >>

  • Blogs

    January 22, 2009

    Morning Juice: Lauderdale Exports Panhandlers, Local Madoff Broker Fights The Man

    If there's one thing you don't hear enough about, it's that Fort Lauderdale has the best panhandlers this side of Calcutta. I mean, Miami may have more guys with clever signs at busy intersections, but ours have that little aggressive something that makes them special, that lets you feel that feelin ... More >>

  • Blogs

    January 22, 2009

    The Article That Should Join Madoff in the Prison Cell

    ...Is this one, from the Philadelphia Inquirer. Maureen Ebel is a 60-year-old retired nurse whose physician husband died when he was 53 and whose life savings were part of a $7.3 million retirement fund entrusted entirely to Bernard Madoff. Ebel's selling most everything of value, though the Palm Be ... More >>

  • News

    January 22, 2009

    Madoff's Man

    Fort Lauderdale multimillionaire Michael Bienes never cut ties with Bernie Madoff — even after the SEC shut him down.

  • Blogs

    January 21, 2009

    Local Church Responds To Bernie Madoff Scandal

    When it comes to $50 billion swindler Bernie Madoff's cronies in Broward County, we know about Michael Bienes and Frank Avellino. Now we can add the name Michael D. Sullivan to the list. Sullivan for years has been running a feeder fund for Madoff in his office on Federal Highway in Fort Lauderdald. ... More >>

  • Blogs

    January 20, 2009

    Weakened at Bernie's: PETA Gets the Ponzi Treatment, Too

    She will not be streaking at the inauguration.You probably thought today's inauguration ceremonies would provide a day's relief from the death march of victims of area reprobate Bernard Madoff. Well, sorry. Turns out the Palm Beach financial wizard made special-access inauguration tickets disappear ... More >>

  • Blogs

    January 20, 2009

    Cowed by Bernie Madoff, PETA Shenanigans Are Uninspired

    Like we told you earlier, PETA's inauguration day high jinks were hampered by Bernard Madoff, and judging by the photos Deirdra's sending from D.C., the animal rights group had to resort to this old gag.More photos from our correspondent's day in D.C., after the jump.

  • Blogs

    January 18, 2009

    Bienes, Avellino, Madoff and The Church

    Bienes Knighted By Catholic Church Well, the Sun-Sentinel, apparently in a panic over the New York Times beating it to the story, finally reported on the connection between Fort Lauderdale philanthropist Michael Bienes and his partner, Frank Avellino, to Bernie Madoff, the $50 billion Po ... More >>

  • Blogs

    January 14, 2009

    Collapsible Financial Icons: A Product That Might Actually Sell

    Personally, I blame former Chairman of the US Federal Reserve Alan Greenspan for much of our current economic stress. His decision to keep interest rates ridiculously low all those years ticked me off then and now. With all that cheap credit, it's no wonder Wall Street worshiped him. Maybe you' ... More >>

  • Blogs

    January 13, 2009

    Tag Team Beatdown: Time and Newsweek Pummel Palm Beach

    See if you can find a silver lining for South Florida in these two reports in major national news magazines about Palm Beach. Newsweek's Daniel Gross writes about how Bernard Madoff fleeced Palm Beach high society and Time declares the county to be The New Capital of Florida Corruption. Give up?It m ... More >>

  • Blogs

    January 8, 2009

    Madoff Crony Abruptly Resigns From Broward Arts Center

    Michael Bienes, the fabulously wealthy Fort Lauderdale benefactor, abruptly resigned from the Performing Arts Center Authority board Wednesday with a one-sentence letter, according to a center spokeswoman.   "We received the letter yesterday which said he was resigning, effective immediate ... More >>

  • Blogs

    December 30, 2008

    Come On, Madoff Victims. You Can Do Better Than That!

    It's a good bet that whoever stole the statue next to Bernard Madoff's Palm Beach pool won't be able sell it for more than he's already lost to the alleged investment fraudster. But that probably wasn't the point. It was to give Madoff a taste of his own medicine. A noble cause. But surely the many ... More >>

  • Blogs

    December 18, 2008

    Madoff's Web Site Is A Snuff Film

    Hey everybody. I've been away (in Jupiter. No, the planet!) and now I'm trying to find out how my $50 billion investment is going. Except the web site of my broker Bernie Madoff seems to be down. Something about a court-ordered liquidation? That doesn't sound good.Ha, ha, just kidding. I have far to ... More >>

  • Blogs

    December 17, 2008

    Fort Lauderdale Philanthropist Tied To Epic Swindler Madoff -- UPDATED

    Michael Bienes doesn't make a lot of news and hasn't been involved much in local politics, but if you look around you'll see the tall and seemingly kindly Fort Lauderdale multi-millionaire's name all over the place. At Holy Cross Hospital, there's the Michael and Diann ... More >>

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