The Madoff Chronicles: Inside the Secret World of Bernie and Ruth (19 page)

Whatever the truth:
Sources close to Madoff family

She finds their:
Sources close to Madoff family

Peter was a major: SIPC v. Bernard L. Madoff
, Exhibit 4, May 5, 2009

buy Peter a $237,600:
Joint Provisional Liquidators’ Expedited Petition for Recognition of Foreign Proceeding and for Commencement of Chapter 15 Ancillary Case in Aid of Foreign Main Proceeding, April 14, 2009

His wife, Marion, and daughter: SIPC v. Bernard L. Madoff
, Exhibit 25, May 5, 2009

She later told people:
Madoff family friend

The bankruptcy trustee charged: Irving H. Picard v. Ruth Madoff,
July 29, 2009

“Actually it was my wife who”:
The Philoctetes Center for the Multidisciplinary Study of the Imagination, “The Future of the Stock Market,” October 20, 2007

She charged dinners: SIPC v. Bernard L. Madoff,
Exhibit 25, May 5, 2009

CHAPTER ELEVEN

At one point, his sons:
Sources familiar with the investigation

front for the illegal activity:
Madoff case investigator

there could be a billion dollars:
Madoff case investigator

Ike Sorkin called:
Sources close to Madoff family

She was afraid:
Sources close to Madoff family

She told people:
Sources close to Madoff family

“magnet for celebrities”:
Pierre Michel Salon Web site

Within days of:
Sources close to Madoff family

Ruth worried that:
Sources close to Madoff family

Ruth continued:
Sources close to Madoff family

The cleaning ladies: SIPC v. Bernard L. Madoff
, Affidavit of Michael Slattery, Jr., May 5, 2009

As the news coverage:
Sources close to Madoff family

Ruth remained estranged:
Sources close to Madoff family

She knew the world:
Sources close to Madoff family

While Ruth suffered for her:
Sources close to Madoff family

CHAPTER TWELVE

Baroni had replaced Litt:
Madoff case investigator

Conspicuous by her:
Sources close to Madoff family

In an agreement with prosecutors: USA v. Bernard L. Madoff
, Stipulation and Order, June 26, 2009

In a letter to the judge
: Letter to Judge Denny Chin from Ira Sorkin, June 22, 2009

was about $13 billion: USA v. Bernard L. Madoff
, Government’s Sentencing Memorandum, June 26, 2009

than the initial $250,000:
Source familiar with the investigation

She was denied permission:
Associated Press, July 3, 2009

She was required: Irving H. Picard v. Ruth Madoff
, Stipulated Order, July 31, 2009

who remains suspicious:
Madoff case investigator

Ruth still loved Bernie and:
Sources close to Madoff family

Even before she:
Sources close to Madoff family

Ruth told people close:
Sources close to Madoff family

“respected and trusted with”:
Statement by Ruth Madoff, June 29, 2009

Note: Entries in this index, carried over verbatim from the print edition of this title, are unlikely to correspond to the pagination of any given e-book reader. However, entries in this index, and other terms, may be easily located by using the search feature of your e-book reader.

ABC News, 65, 71, 92, 101, 167, 201

Access International, 159, 160

Agnew, Spiro, 21

Alpern, Sara, 32, 39, 98

Alpern, Saul, 32–33, 35, 37, 39, 83, 100

Alpern & Heller, 33, 36

Ambrosino, Don, 219

Ambrosino, Ronnie Sue, 206, 219

American Jewish Congress, 170

Arenson, David, 32, 37, 38

Ariel Fund, 143

Arkin, Stanley, 167–68

Aug, Steve, 65

Avellino, Frank, 33–36, 38

Avellino & Bienes, 33–35, 38, 104

Bacon, Kevin, 162

Bahamas, 78

Bank Medici, 176

Baroni, Lisa, 217, 226–27

Barron’s
, 148

Barrow, Clyde, 24

Bear Stearns, 65

Becker, Brandon, 123

Berman, Bruce, 123

Bernard L. Madoff Investment Securities:

accountant for, 82–84, 88, 149–52

cash payments and, 134–35

Chase account of, 10–12, 15, 98–99, 104, 191

corporate charge cards for employees of, 78, 183–84, 191–92, 194

Depository Trust Company and, 122, 148–49

employees of, 11–12, 68–79, 224

Fairfield Greenwich and, 46–47, 105–6, 116, 118–20, 124, 140, 142, 145–58

feeders (recruiters) and, 140, 142–46, 162, 165–66, 206

founding of, 29, 63

front-running suspicions and, 81–82, 105, 117

investors’ rates of return and, 74, 105, 14–45, 206

legitimate trading activities of, 11–12, 64, 67, 192, 194

London office of, 64, 66, 75, 104, 121, 186–87, 191, 204

New York offices of, 11, 59–80

in receivership, 171

Ruth’s role in, 13, 31–32, 72, 100–101, 182, 183, 194–95, 233

SEC and, 27, 76, 79, 94, 103–25, 130, 142, 151–52, 165–66, 185, 190, 195, 205, 225, 228, 230, 242, 243

split strike conversion as strategy of, 73–74, 116, 153–55

Standard & Poor and, 64–65

summer parties of, 92–93, 181

Web site of, 63

see also
Madoff investment fraud

Bienes, Michael, 33–36, 38

Big Rick, 182

Bloomingdales Eat Healthy Book, The
(Stein), 161–62

Blumenfeld, Susan, 91, 100

Boesky, Ivan, 4

Bongiorno, Annette, 43–45, 70–72, 76, 78, 99, 130–31, 133, 224

Bongiorno, Rudy, 70, 71

Borowitz, Andy, 216

Bowen, Judy, 77–78

Breslauer, Gerald, 162

Broker Dealer Finances, 108

Bull, The
, 54, 99–100, 209

Butner Federal Prison, 230

Cacioppi, Ted, 2–3, 43

Cardile, Robert, 73

Carroll, Dick, 133

Casale, Nick, 52, 53, 55–56, 58, 198–202

Chais, Stanley, 142–44

charitable organizations, 95, 143, 162, 170–71, 221

Chase Bank, 10–12, 15, 98–99, 104, 191

Chavkin, Peter, 231

Chelo, Neil, 116

Cheung, Meaghan, 117, 124

Chin, Denny, 31, 197, 202, 206, 207, 212, 217, 218, 221, 223, 225–29

Citigroup, 80

Coca-Cola Co., 81

Cohen, Richard, 24–25

Cohmad Securities, 13, 165–67

Cohn, Sonny, 165

Cooper, Anderson, 48–49

Cotchett, Joe, 122, 233

Credit Suisse, 80

Crupi, JoAnn “Jodi,” 77–78

Cuomo, Andrew, 143

Curious Case of Benjamin Button, The
, 162

Davin, James, 47

Deborah and Andrew Madoff Foundation, 188

Department of Justice, 5, 218

Depository Trust Company (DTC), 122, 148–49

DeVita, Michael, 216

DiPascali, Frank, 11, 21, 45, 46, 70, 72–78, 99, 118, 121, 133, 147–49, 153, 185–86, 224

DiPascali, Frank, Jr., 78

Dirilo, Praxides, 91, 210

Dorothy-Jo
, 76

Ebel, Maureen, 207, 219, 226

Elaine’s, 47

Esbia, Patti, 169

Esposito, Rich, 47–48

Fairfield Greenwich Group, 46–47, 105–6, 116, 118–20, 124, 140, 142, 145–58, 185

FBI (Federal Bureau of Investigation), 14, 19, 20, 39, 46, 54, 66, 71, 77, 109, 142, 184, 190, 195, 201, 203, 212, 225

Friehling and, 84

jewelry and, 56–57

Madoff arrested by, 1–9, 16, 22, 41–58, 224

Madoff’s confession to, 3–5, 7, 57, 223

Madoff’s office searched by, 50–52

Madoff turned in to, 8–9, 20–22, 42, 188–89, 223

Squillari and, 54, 132–36

FDIC (Federal Deposit Insurance Corporation), 173

Fidelity Spartan Fund, 155–56

financial collapse of 2008, 9–10, 152, 162, 188

FINRA (Financial Industry Regulatory Authority), 107

Fisher, Jerome, 168–69

Fitzgerald, F. Scott, 165

Flumenbaum, Martin, 21

Foley, Mark, 169

Foxton, Willard, 176, 177

Foxton, William, 176–77

Friedman, Brad, 173, 175, 191

Friehling, David, 82–84, 88, 133, 150, 151

Friehling & Horowitz, 82–84, 149–52

Gabor, Zsa Zsa, 163–64

Gabriel Capital, 143

Galvin, William, 120, 125, 146, 166, 167, 195–96

Garrett, Brad, 6–7, 17, 40, 52, 53, 69, 78, 95, 101–2, 161, 200, 204, 206, 213, 225

Gellman, Marc, 170

Gibraltar Securities, 29

Gift of Life Bone Marrow Foundation, 16–17

Glantz, Edward, 36

Goldberg, Diana, 24

Goldman Sachs, 80

Great Chefs of America Cook Kosher
(Schoenheimer, Madoff and MacNeil, eds.), 101

Greenwich Emerald Fund, 156

Grisham, John, 212, 232

Hadassah, 170, 221

Harris, Ira, 17–18

Harris, Jonathan, 17–18

hedge funds, 9, 80–81, 145, 162

Hedges, Jim, 67, 82

Hilfiger, Tommy, 141

Hirschhorn, Carla, 220

Hofstra College, 28

Hoover, J. Edgar, 66

Horn, David, 153

Horowitz, Jerome, 82–84, 150

Horwitz, Dan, 5, 217

Hôtel du Cap Eden Roc, 99, 100

Ibrahim, Nader, 79

IRS (Internal Revenue Service), 173, 184

Madoff 2007 tax return, 88, 95, 244–46

Jackson Hole, Wyo., 184

Jaffe, Ellen, 166

Jaffe, Robert, 15, 48, 165–69

Jewish organizations, 13, 16, 143, 170–71, 220–21

Joel, Amy, 50, 62

Joel, Marty, 62

JPMorgan Chase, 10–12, 15, 98–99, 104, 191

Kang, B. J., 2–3

Katzenberg, Jeffrey, 162

King, Heath, 164–65, 168

Kohn, Sonja, 6

Kotz, David, 109, 113

Lauer, Matt, 8, 55

Lehman Brothers, 9, 188

Letterman, David, 86

Licker, Eugene, 144

Lipstick Building, 61–64, 113

Lipton, Dan, 150, 151, 157

Lissauer, Sharon, 220

Litt, Marc O., 31, 203, 205, 217–18

Little Rick, 60–62, 68–69, 71, 72, 93, 96–97, 128, 181–82, 184

London, Martin, 21

Macchiaroli, Mike, 108–10

McKeefrey, Mark, 106, 120, 151, 154

McKenzie, Gordon, 151

McMahon, Bob, 11, 68, 76, 79

MacNeil, Karen, 101

Madoff, Andrew (son), 6, 14, 16, 18, 42–43, 51, 90, 114, 179–89

apartment of, 188, 228

in Bernard’s business, 64, 121, 136, 152, 180–82, 184–89, 204, 224

Bernard’s confession to, 2, 20, 55, 185–86, 188, 195, 224

Bernard’s note to, 200

Bernard turned in to FBI by, 8–9, 20–22, 42, 188–89

estrangement from parents, 189–90, 211, 231, 232

jewelry mailed to, 56–57

marriage of, 18–19

Madoff, Bernard:

absence of support for, 218

alleged affair of, 86, 87

apologies by, 54–55, 213, 224–26