The Madoff Chronicles: Inside the Secret World of Bernie and Ruth (20 page)

arrest of, 1–9, 16, 22, 41–58, 124–25, 132, 157, 162, 200, 224

bail for, 7–8, 86, 207

beginning of trading career, 29

cash withdrawals of, 77

clothing and personal appearance of, 89, 91–92, 215–16

in college, 27–28

confession to FBI, 3–5, 7, 57, 223

confession to sons, 2, 20, 55, 185–86, 188, 195, 224

as executor of estates, 88

female employees and, 98, 130–31

foreign bank accounts of, 206–7

French Riviera home of, 98–100, 209, 218

golf country club memberships of, 94–96

guilty plea of, 54, 86, 197–98, 200, 202–7, 212, 215

house arrest of, 58, 86, 91, 92, 198–202, 218

insulting comments made by, 129

as investment adviser, 119, 123, 124

in law school, 29, 63

lifestyle of, 88–102, 228

little black book of, 108–9, 123, 133–34, 237–41

marijuana used by, 59–60, 93, 128

masseuses and escorts and, 97–98, 131

Montauk beach house of, 92, 205, 209, 218

as NASDAQ chairman, 34, 39, 48, 63, 80, 107

New York home of, 90–92, 96, 205, 209, 210, 218

office and desk of, 50–52

Palm Beach home of, 94–95, 209, 210, 218

Peter loaned money by, 191

photographers and, 55

plea allocution of, 31, 213

in prison, 23–24, 86, 87, 198–200, 207–8, 210–13, 215–16, 219, 229–30, 232–34

Ruth’s marriage to, 31

Ruth’s relationship with, 13, 23, 24, 27, 28, 40, 87, 96, 101, 201–2, 210, 232–34

sentencing of, 202, 212–13, 215–30

statement read to judge by, 217, 223–26

tax return of (2007), 88, 95, 244–46

as teenager, 24–27

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

victim suicides and, 159–61, 206, 219

yachts of, 54, 99–100, 209, 228

see also
Bernard L. Madoff Investment Securities; Madoff investment fraud

Madoff, Daniel (grandson), 187

Madoff, Deborah (daughter-in-law), 19

Madoff, Joan (sister-in-law), 39

Madoff, Katherine (granddaughter), 187

Madoff, Marion (sister-in-law), 22, 90, 96, 182, 191–92

Madoff, Mark (son), 6, 14, 18–20, 42–43, 51, 90, 95, 114, 134, 179–89

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

homes of, 187, 188

jewelry mailed to, 56–57

Madoff, Nicholas Henry (grandson), 189

Madoff, Peter (brother), 18–20, 22, 26, 90, 96, 190–91

Bernard’s arrest and, 6, 7, 43–45

Bernard’s loan to, 191

in Bernard’s business, 31, 44, 63, 64, 66, 72, 80, 112, 114, 121, 128, 182, 190–91, 204, 224

car of, 191

irrigation business of, 28–29

jewelry mailed to, 56

Little Rick and, 60–61

SEC and, 190

Securities Industry Association and, 107–8

Madoff, Ralph (father), 25–26

investment company of, 29–30

Madoff, Roger (nephew), 16, 44, 111, 183, 190, 191

Madoff, Ruth Alpern (wife), 22, 85–86, 135, 169, 179–81, 183, 193–96, 207–11, 224, 230–34

Bernard’s alleged affair and, 86, 87

Bernard’s arrest and, 6, 42–43, 47, 49–50, 53–54, 56, 200

Bernard’s bail and, 7–8

Bernard’s house arrest and, 92, 199, 201

Bernard’s imprisonment and, 23–24, 87, 199, 210

Bernard’s marriage to, 31

Bernard’s relationship with, 13, 23, 24, 27, 28, 40, 87, 96, 101, 201–2, 210, 232–34

in college, 31

French Riviera home of, 98–100, 209, 218

golf country club memberships of, 94–96

inheritance of, 39

investment victims and, 202, 208–9, 225–26, 230–32

knowledge about fraud, 23–24, 31, 39–40, 193–96, 231

lifestyle of, 88–102, 193–95, 204, 209–10, 233

marijuana used by, 60

master’s degree of, 101

money withdrawn by, 13, 18, 101, 195–96

Montauk beach house of, 92, 205, 209, 218

New York home of, 90–92, 96, 205, 209, 210, 218, 231

packages of jewelry mailed by, 56–57

Palm Beach home of, 94–95, 209, 210, 218

Pierre Michel salon and, 208–9

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

sale of antiques of, 209–10

settlement with prosecutors, 218, 231–32

sons’ estrangement from, 189–90, 211, 231, 232

statement issued by, 224, 230–31

tax return of (2007), 88, 95, 244–46

as teenager, 24–27

Madoff, Shana (niece), 44, 110–13, 182–83, 191–93

Madoff, Sondra (sister), 26, 183

Madoff, Stephanie (daughter-in-law), 21, 187, 189

Madoff, Susan (daughter-in-law), 187, 190

Madoff, Sylvia (mother), 25–26, 98

investment company of, 29–30

Madoff Family Foundation, 95

Madoff investment fraud: anti-Semitism and, 169–70

computers and, 78–80

employees and, 69

fictitious trades in, 4, 11, 37, 68–70, 73–76, 80, 140, 160, 172, 175

investor victims of, 4, 6, 9–10, 14–15, 32, 37–38, 41–42, 46–48, 62, 81–82, 93, 135–36, 159–77, 198, 206–7, 216–17, 219–21, 226–32

retirees targeted in, 3, 32, 37–38

Ruth’s knowledge of, 23–24, 31, 39–40, 193–96, 231

size of loss to investors, 3, 47–48, 85, 175, 222

start date of, 4, 30–32, 204–5

suicides from, 159–61, 176–77, 206, 219

Mar-a-Lago, 168

Markopolos, Harry, 115–18, 124–25, 160

Mendelow, Steven, 36

Merkin, Ezra, 13, 16, 142–43

Merkur, Amanda, 144

Merrill Lynch, 80

Metropolitan Correctional Center, 207, 215

Milberg LLP, 173, 175, 191

Milken, Michael, 3–4, 8

Morgan Stanley, 80

Morrow, Jen, 217

Murphy, Suzanne, 81–82, 144, 145, 186, 189

NASD (National Association of Securities Dealers), 107

NASDAQ, 34, 39, 48, 63, 80, 107

Neff, David, 89

Newsweek
, 170

New York
Daily News
, 86

New York Mets, 16–17, 134, 182

New York Post
, 208

New York Times
, 210

Nierenberg, George, 206

9/11 attacks, 104

Noel, Marisa, 142

Noel, Monica, 140, 141

Noel, Walter, 139–42, 144–46, 152, 154, 156, 157

Optimal, 14

Palm Beach, Fla., 94, 165–66, 168–70, 208–10

Palm Beach Country Club, 41–42, 94–95, 165–66

Parker, Bonnie, 24

Picard, Irving, 171–75

Picower, Jeffry, 173–74

Piedrahita, Andres, 146

Pierre Michel salon, 208–9

Pignatelli, Nando, 90, 99

P. J. Clarke’s, 64

Ponzi, Charles, 4