House of Shame

the-madoff-FAMILY

A Madoff Investment That Will Actually Make Money: Family Homes Coming to Market

In the midst of running their elaborate Ponzi scheme, the Madoff family invested money in some actual investments—namely, real estate in Manhattan, Long Island and Greenwich.

The government came for Ruth and Bernie Madoff’s penthouse years ago, but the real estate holdings of the rest of the family have taken a little longer to claim, as the courts untangle the many complications of recovering cash stolen by the clan. Read More

Wall Street

Morning Roundup: Wall Street Is Doing Great!

  • Irving Picard, the trustee in charge of reclaiming funds for Bernie Madoff’s victims, plans to proceed with lawsuits against beneficiaries of the fraud. He will not be deterred by the suicide of Mark Madoff, Bernie’s son, this past weekend. [WSJ]
  • If you have been having trouble getting credit lately, you may Read More