martin-rosenman

Last-Minute Madoff Victim Still Wants His Money Back

cityfile · 03/20/09 02:27PM

Just days before Bernie Madoff was arrested, a Bronx businessman named Martin Rosenman handed over $10 million of his family's money to the now-imprisoned financier's investment firm. Terrible timing, no doubt, but Rosenman quickly argued that he hadn't actually intended to have Madoff invest the cash until the following month, so he was entitled to get his money back pronto, and shouldn't be treated like the thousands of shlubs who'd fallen victim to Madoff months or years earlier. A federal judge ruled against Rosenman in February and instructed him to take his place in line with everyone else, thank you very much. But it seems Rosenman isn't taking no for an answer. Today he filed notice that he intends to appeal the ruling. Best of luck with that, Marty—you'll need it. The court papers are below.