Madoff Monday begins with some gossip on Andrew Madoff’s wife, Deborah, who reportedly filed for divorce the same day Bernie got arrested. Mark and Andrew are apparently not speaking to their parents either.
Were you ever a Madoff investor? Thought you made some money and avoided this nightmare? Think again.
BRIDGES BURNED WITH MADOFF CLAN (New York Post)
Brothers Andrew and Mark Madoff have not uttered a word to their disgraced financier father since they turned him in to authorities on Dec. 11.
Gold Medal Swindler Madoff Rips Off Olympic Committee (The Business Sheet)
Added Insult to Madoff Investors (Fortune)
According to Bentley, it is long-settled law that some investors might have to give back some or all of their investment gains. But what has changed as a result of a federal court ruling in 2007 — stemming from the faked results and misappropriation by the now-convicted managers of the $450 million Bayou hedge funds — is that some investors might have to return some of their principal, too. [Read more]
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