Frank Avellino

  • Blogs

    November 10, 2009

    Unraveling Madoff: Picower's Death a Boon for Cheated Investors?

    ​It would be hard to blame former investors if they saw dollar signs the moment Jeffry Picower turned up dead in the pool of his Palm Beach mansion. After all, the billionaire was among the most prominent feeders of investment money to Madoff and received some of the most massive profits, a status ... 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

    July 22, 2009

    To Fellow Inmates, Madoff's So Bad, He's Good

    Schadenfreude-starved followers of the Palm Beach pirate may be delighted to hear this, from an inmate at Madoff's prison in Butner, North Carolina, courtesy the New York Post:"Some of the guys were talking about smacking him around a little, just to get the notoriety of it."But don't get your hopes ... More >>

  • Blogs

    June 12, 2009

    For Next Federal Prosecutor, a Million-Dollar Question

    For the new U.S. attorney, who will come from among the 16 names on this list, busting financial fraud will be the top priority in South Florida federal courts. And although those cases are endlessly complex, it's fairly simple to get an overview of the region's candidates for criminal prosecution: ... More >>

  • News

    June 4, 2009
  • Blogs

    May 12, 2009

    Abrams on Tribune: "You Can FEEL the Fear"

    [REMINDER: PBS Frontline show on Bernie Madoff and his lieutenants, Frank Avellino and Michael Bienes, is on tonight at 9 10 p.m., including an interview with Bienes, the Fort Lauderdale "philanthropist" and backer of the Broward County Library, Holy Cross Hospital, St. Thomas Aquinas, and other loc ... 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

    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 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 >>

  • 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 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 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 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 >>