fraudsters

The Madoff Family Prepares For the Future

cityfile · 04/13/09 07:47AM

Bernie Madoff is behind bars, but other members of the family are growing concerned that they may be joining him in the near future. The Post reports today that two members of the disgraced clan, including Shana Madoff, Bernie's shoe-loving niece, have contacted a consultant who helps white-collar criminals learn how to survive in prison.

Ruth Pays Bernie a Visit

cityfile · 04/07/09 05:03AM

Ruth Madoff took a little break from her busy shopping routine to visit her husband yesterday for the first time since he was locked up three weeks ago. But what's with the $5 cheapo umbrella she was carrying? Looks like she forgot a thing or two when she stopped at Neiman Marcus last week. [NYDN]

'Sir' Allen Gets Testy

cityfile · 04/06/09 02:02PM

ABC News caught up with financier Allen Stanford, an interview that will be broadcast on World News with Charlie Gibson this evening. You can see part of the chat online, though: Watch along as Stanford weeps at his current predicament and then threatens to punch interviewer Brian Ross in the mouth for having the nerve to ask Stanford if he was operating a big Ponzi scheme. [ABC News]

Zuckerman Joins the Merkin Party

cityfile · 04/06/09 10:04AM

It's shaping up to be a particularly bad day for Ezra Merkin. Attorney General Andrew Cuomo sued the money manager this morning for steering more than $2 billion to Bernie Madoff. Now real estate mogul/Daily News publisher Mort Zuckerman is suing for fraud, too, over the $25 million he handed to Merkin as part of his charitable trust as well as another $15 million he says he invested personally. [Bloomberg]

Cuomo Sues Merkin

cityfile · 04/06/09 08:16AM

Andrew Cuomo just filed a civil lawsuit against Ezra Merkin for fraud and deception, alleging that Merkin "betrayed hundreds of investors who entrusted him with their savings by recklessly feeding their funds into the largest Ponzi scheme in history." [WSJ, NYT]

Summer at the Noels

cityfile · 04/03/09 03:18PM

Walter and Monica Noel are looking for someone to rent the family home in Southampton for July and August! Daily Intel reports the 7,000-square-foot home with ten bedrooms, nine-and-a-half baths, six fireplaces, and a heated pool, will run you $350,000 for July and $375,000 for August. There's no telling if FBI agents will stop by one day to dig up the front yard in search of buried treasure, at least you know your summer won't be lacking any drama. [NYM]