Madoff with the Money (40 page)

Jennifer Madoff, Bill Nasi, Richard Glantz, Jay Portnoy, Ed Heiberger, Sheldon Fogel, Fletcher Eberle, Mike Gandin, Eli Greenbaum, Gordon Ondis, Carol Ann Lieberbaum, John Maccabee, Peter Zaphiris, Charles Lubitz, Sheila Olin, Martin Schrager, Andy Monness, Justin Fox, Robin Warner, Gale Hayman, Joe Kavanau, Cynthia Arenson, Amy Joel, Toniann Astuto, Albert Reitman, Hoong-Yee Lee Krakauer, Miles Goslett, Ocean Robbins, Stanley Shapiro, Doug Abrams, J. M. Brown, Levi Touger, Jonny Lieberbaum, Gary Hartnick, Erin Robbins, Neil Fenwick, Jeff Nelson, Paul Finfer, Anthony Guerra, Howard Samuels, Richard Bucksbaum, Arnold Schotsky, Elka Weiner, Deb Kass, Sherry Fabrikant, Robert Gettinger, John Shoup, Frederic von Anhalt, Marsha Veit, Jane Kavanau, Patricia Samuels, David Neff, George Somlo, Nina Mehta, Justice Litle, Daryl Montgomery, Barbara Curreri, Leonore Feldman, David Arenson, and a number of others. If for some reason I missed offering an appreciation for your help, please accept my apology.

I'd also like to thank one of the best editors I've worked with in a long time, Kelly O'Connor, who put her fine touch on the manuscript.

I'd like to offer a very special thanks to my wonderful wife, the journalist, illustrator, and photographer Caroline Walton Howe, for helping me chase down sources, locate relevant materials, and conduct some interviews, particularly when the workload and hours seemed to be burying me. She deserves major kudos. This book is also being written in memory of our beloved Westie, Cuco, who at age 12 sadly had to be put to sleep on the day I began my reporting. May he rest in peace.

Index

ABC News

Abend, Reed

Accounting errors

Accounting firm

Ackerman, Gary L.

Affairs

A.I.S. Steel Corporation

Alpern, Bill

Alpern, Joan

Alpern, Minette

Alpern, Ruth “Ruthie”
See also
Madoff, Ruth (Alpern)

Alpern, Sara

Alpern, Saul

Alpern & Heller

Alperns, Saul and Sara

America Hedge Fund

Angel investors

Antique furniture

Appearance

facial ticks

facial ticks and squints

as a youth

Arenson, Cynthia Levinson

Arenson, Dan

Arenson, David

Arenson, Marilyn

Army Reserve Officer Training Corps (ROTC)

Army uniforms

Arvedlund, Erin

Asset dissipation

Asset freeze

Asset sales

Aston Martin (James Bond car)

Astuto, Toniann

Avellino, Frank

Avellino and Bienes

Avirom, John

Bacon, Kevin

Bail

Baroni, Lisa

“Before the Fall” (
Traders magazine
)

Bernard L. Madoff Investment Securities LLC (BLMIS)

“Bernie Madoff Giveth and Bernie Madoff Taketh Away” (
New York Post
)

“Bernie Madoff Screws Leukemia Patient” (Arenson, David)

Bienes, Dianne

Bienes, Michael

Bill payment promptness

Blacks

Blood cancer

Bloomberg News

Blumenfeld, Susan

Boats:

asset sales

Bull (motor yacht)

Bull (ocean going yacht)

Bull (Rybovich fishing vessel)

little Bull (fishing boat)

Boesky, Ivan

Bongiorno, Annette

Book report fraud

Bowery Savings Bank

Boy Scouts of America

Breakfast habits

British asset recovery efforts

British operations

Broker-dealer registration

Brooklyn Law School

Bucksbaum, Richard

Bull statues and boat names:

Bull (motor yacht)

Bull (ocean going yacht)

Bull (Rybovich fishing vessel)

bull statues

little Bull (fishing boat)

Cacioppi, Theodore

Campaign contributions

Cancer

Care packages. See Christmas presents; Hanukah gift packages

Carroll, Richard

Cars

Caruso-Cabrera, Michelle

Cash-hunting expedition

Cash redemptions

Catholic Archdiocese of Miami

Catholic Archdiocese of New York

Catholic organizations as victims

Catskill Mountains

CBS News

Celebrity victims

Center for Enterprise Modernization

Chais, Bernie

Chais, Stanley

Chavkin, Peter

Childhood

Childhood friendships

Chin, Denny

Christmas party

Christmas presents

Cincinnati Stock Exchange

Client eagerness

Closet obsession

Clotheshorses

Clothing fetish

Cohmad company

Cohn, Marcia

Cohn, Maurice “Sonny”

College:

Army Reserve Officer Training Corps (ROTC)

Army uniforms

Brooklyn Law School

Crimson Tide Battalion

friendships in

Hofstra College

Jewish recruitment

roommates

Sigma Alpha Mu (Jewish fraternity)

University of Alabama

Yeshiva honorary degree

College friendships

Company so-called loans

Computer skills

Cornell University

Country clubs

Court appearance

Court-ordered seizure

Crabbe, Buster

Credit card expenses and charges:

friends and family

Mark and Andy Wyoming trip

Ruth

Crimson Tide Battalion

Crupi, JoAnn

Curreri, Barbara Aronson

Dassin, Lev

Davidoff cigars

De la Villehuchet, Bertrand

De la Villehuchet, Claudine

De la Villehuchet, Rene-Thierry Magon

Dennehy, Brian

Denny, George

Denver, John

Diet for a
New America
(Robbins, John)

DiPascali, Frank, Jr.

Dirty old man act

Donghis, Angelo

“Don't Ask, Don't Tell: Bernie Madoff Is So Secretive He Even Asks Investors to Keep Mum” (
Barron's
)

Draft deferment

Dreyfus, Jack

Dreyfus Fund

Duke University

Dun and Bradstreet rating

Dworsky, Bill

Dworsky, Bobby

Dworsky, Ida

Early friends

Eaton, Thomas F.

Eberle, Fletcher

Elementary school

Emotions

Employees

Fabrikant, Andrew

Fabrikant, Sherry

Fairfield Greenwich Group

Family as investment

Family members.
See also specific
family members:

involvement of, in Bernie's business

protection of

Family relationships

Family roots

Family victims

Far Rockaway High School:

50th reunion

book report fraud

Cynthia Greenberger

Eddie Rochelle

Edwin Heiberger

Elliot Olin

high school friends

Hoong-Yee Lee Krakauer

Jay Portnoy

Michael Gandin

Michael Lieberbaum

Ruth Alpern

Ruth's activities in

selection of

Sheldon Fogel

Sheldon Lieberbaum

swim team

unofficial football team

FBI arrest

Feeder funds

Fenwick, Julia

Final distribution

Financial Industry Regulatory Authority (FINRA)

First Asset Management

Fitzmaurice, Tom

Flumenbaum, Martin

Fogel, Sheldon “Shelly”

Fonda, Jane

The Food Revolution
(Robbins, John)

Fortune
magazine

Fox, Justin

Foxton, Willard

Foxton, William

Fraternity

Fraud admission

French asset recovery efforts

Fresh Meadow Country Club

Friedman, Karen

Friehling, David G.

Friends

Friendships

Full-body masseuses

Fund withdrawals

Gabor, Eva

Gabor, Zsa Zsa

Gandin, Michael

Gangsters

Gawker (media Web site)

Gibralter Securities

Gift of Life Bone Marrow Foundation

Gifts

Girl Scouts of America

Glantz, Edward

Glantz, Richard

Golden, Barry

Goldman Sachs

Golf

Goslett, Miles

Grant Thornton

Graphic Paper Corporation

Great Chefs of America Cook Kosher
(Madoff, Ruth)

Great Madoff Panic of 2008

Greed.
See also
Investment returns

Greenberger, Cynthia.
See also
Lieberbaum, Cynthia (Greenberger)

Greenberger, John.
See also
Maccabee, John

Greenberger, Robert

Greenberger, Ruth

Greenberger, Sidney S.

Griffin, Merv

Guerra, Anthony

Hanukah gift packages

Harassment

“Has Bernie Madoff 's lawyer gone mad?” (
New York Daily News
)

Hebron, Michael

Heiberger, Edwin “Eddie”

Heller, Sherman

High school

The Chat
(school newspaper)

extracurricular activities

Far Rockaway selection

friendships

reunion

Ruth's activities in

swim team

Hill, Norma

Hilton, Conrad

Hilton, Paris

Hoelter, Herbert J.

Hofstra College

Home-buying spree

Honorary degree

Hooper, Catherine

Horowitz, Irwin

Horowitz, Jeremy

House arrest

Housing:

East 64th Street co-op penthouse apartment

East Side penthouse

Great Neck apartment

Hampton Beach house

Montauk beach house asset sale

Palm Beach mansion

Palm Beach mansion asset sale

Rivera Villa 2, Chateau des Pins

Rosyln Estates

“How SEC Bozos Blew It” (
NewYork Post
)

Huie, William Bradford

In-house associates

Intelligence

Investment returns

Investor confidence

Investors and associates

Jail sentence

Jewish Journal

Jewish recruitment

Joel, Amy

Joel, Martin J.

Joel, Patty.
See
Samuels, Patty (Joel)

Journalists

JPMorgan Chase

Katzenberg, Jeffrey

Kavanu, Jane Silverstein

Kavanu, Joe

Keds sneaker episode

Kelly, Vincent

Kenner, Laurel

King, Larry

Kleinhendler, Howard

Kotz, David

Kotz report

Koufax, Sandy

Krakauer, Hoong-Yee Lee

Krakauer, Seth

Kuperberg, Martin

Last investors

Lauer, Matt

Laurelton:

Alpern house

Alpern house sale

Alperns move to

Boy Scouts of America

commuter town

Elliot Olin

family house in

fear of blacks

fitting in

Italian and Jewish middle-class community

Jay Portnoy

Jewish Center

Jewish Center marriage

Keds sneaker episode

Marion Dickstein Sherman

Marion Sue Schwartzberg

Public School

Ruth and Jane's friendship in

small town feel

Wiener family

Lautenberg, Ellen

Lautenberg, Frank R.

Lautenberg, Joshua

Lawn sprinkler systems

Leukemia

Leukemia for Chickens: One Wimp's Tale about Living though Cancer
(Madoff, Jennifer)

Leukemia research funding

Levinson, Adele

Levinson, Myles

Levy, Frances

Levy, Norman

Levy Foundation

Lew, Mark

Lieberbaum, Carol Ann (Martz)

Lieberbaum, Cynthia (Greenberger)

Lieberbaum, Jonny

Lieberbaum, Lillian

Lieberbaum, Lou

Lieberbaum, Michael

Lieberbaum, Sheldon, “Shelly”

Lieberbaum & Company

Lieberbaum and Madoff

Lifeguard

Loan forfeiture

Loan sharks

“The Loneliest Woman in New York” (
New York Times
)

Loonin, Herman

Lubitz, Charles “Chuck”

Luchese crime family

Lucy, Autherine Juanita

Lymphoma

Lymphoma research funding

Maccabee, John

Maccabee, Sherry

Mackey, Clarence

Madoff, Andrew:

at annual beach party

Bernie confesses to