Bob's Back: Madoff Fundraiser Emerges From His Cave
Robert Jaffe was one of Bernie Madoff's most prominent fundraisers. Shuttling between Boston and Palm Beach, the well-coiffed, car-collecting financier with a weakness for $5,000 suits was responsible for raising countless millions over the years, funds he funneled into Madoff's $65 billion scheme. Jaffe is currently facing multiple lawsuits, and investigations by multiple state and federal agencies are still pending. He's also been almost entirely rejected by the people he once called his friends and clients: Back in December, for example, he nearly took a beating when he turned up at a party and came face to face with Nine West founder Jerome Fisher, who lost $150 million to Madoff's scheme. But while Jaffe faded from sight soon after and retreated to his $17 million mansion—and even had to sacrifice his weekly manicures because he was reportedly "too embarrassed to show his face"—he's back!
A source in Palm Beach tells us that after steering clear of the Palm Beach Country Club—where a third of its members are estimated to have been Madoff victims and where Bernie, himself, was booted earlier this year—Jaffe has since returned to his old ways.
"Since most of the Palm Beach Country Club members have returned north, Bob has resumed playing," the source tell us. "And the layoff over the winter and his legal and financial problems don't appear to have hurt his game."
This is true! We checked US Golf Association Records and Jaffe appears to have gone four full months without picking up a club. But he returned for the first time in months in May. And while he got off to a shaky start, his scores have improved rather nicely since then, as you can see below.