Bernard Madoff’s greed might have begun in the early 1960s when his mommy Sylvia R. Madoff ran a registered brokerage business out of her basement. After failing to file reports the SEC shut down her company.
Sweet seeds of greed are better left buried beneath the deep blue sea. Bernard Madoff you’ve been labeled “Thief of Wall Street” after stealing investments from pensioners, retirees, universities, charities, your sister and the elite. People realized that you were the devil in disguise. The man they once trusted is now hated and scorned for their lifetime savings are gone. Where was the SEC when all of this was happening? Bernie’s “ponzi scheme” began in the early 70’s.
A soul once called your own moans and groans as you face the fact of being locked up in a cell. This is now your hellhole after residing in a posh New York City penthouse, oceanfront properties in Montauk, West Palm Beach and your French retreat. It’s up the creek to the big house. Bernard Madoff you’re nothing but a louse.
You’ll never win with Federal District Court Judge Denny Chin. He will not set you “free on bail” while awaiting sentencing. Your new home is the federal penitentiary surrounded by tall concrete walls.
How sweet are the seeds of greed? Green money was your honey. While others are peeved for what you’ve done to them you seem quite relieved. Bernard Madoff you used an old “Ponzi” scheme to steal investors’ pensions and dreams. Your former assistant has “spilled the beans.”
It’s too late to change or rearrange your selfish game. You cheated and stole fortunes from people with famous names. For the thousands of investors it’s been a nightmare. They thought you were treating them fair and square. Now your life is full of despair, gripes and a lonely plight.
Investors who yearned for high-yield returns from the Bernard Madoff investment firm had to sell their possessions. A lesson to learn before getting burned is for investors to watch every penny they earn.
Casting aside investors and friends to save the Madoff family is never a good remedy. Your wife, two sons, brother and other associates will also pay the price as justice strikes, including a crooked accountant you hired to cook those stock books.
The investors are in tears. Bernard Madoff why should your sentence be reduced to 12 years? Prosecutors want the maximum penalty of life in a federal penitentiary. Your possessions will be confiscated by a $171 billion-dollar-forfeiture court order.
Federal marshals boot Ruth Madoff, the poor little rich girl out of her $8 million dollar luxurious upper East Side Manhattan penthouse taking Ruth and Bernie’s personal property. With just the clothes on Ruth’s back she was forced to leave her flat. Ruth gets off cheap by keeping $2.5 million. Like her husband, Ruth will grow old and frail, but avoids going to jail.
This is great news for the victims. A Long Island beach house once owned by Ruth and Bernie Madoff the louse has been sold for $9.41 million to an undisclosed purchaser overwhelmed by beautiful home and ocean view.
Madoff’s investors are glad his West Palm Beach pad sold for $5,65 million, but will it compensate the victims?
For around $8,9 million, Al Kahn the CEO of Pokemon and Cabbage Patch Kids buys Ruth and Bernie Madoff’s 4,000-square-foot luxury digs.
Bernard Madoff you gained a magnificent fortune of $65 billion while investors’ savings were drained. There is nothing left to the rest of your life, but damnation and shame. All the investors can do is file claims.
Sweet seeds of greed shall never set you free. This is your destiny Bernie. On June 29, 2009, Judge Denny Chin sentenced Bernard Lawrence Madoff, 71 years of age who pleaded guilty on 11 federal felony charges to 150 years in Butner, North Carolina Federal Correctional, a lifetime of sweat and tears. The victims cheered and sneered.
Now we hear that author and Madoff investor, Sheryl Weinstein claims she had a 20-year secret love affair with the underhanded financier. He was Weinstein’s love machine. Her “tell-it-all” book describes how she got hooked on Bernie. Sheryl is sending a gift-wrapped signed copy to his jail cell. Bernie is not doing well. His victims could care less if he went to hell.
Madoff secretly financed drugs, sex and luxuries with investors’ money. Long-time friend, lawyer, accountant and associate of Madoff and family for some 20 years Jeffrey Picower who allegedly schemed to defraud billions of investors’ dollars suddenly passed away at age 67. This guy’s soul should not go to heaven. He was found drowned in his beautiful Palm Beach swimming pool. Picower and the rest of Madoff’s gang of crooks took every penny that investors put away for a rainy day.
Court-appointed trustee Irving Picard has been working hard. He’s been trying to recoup the billions of dollars taken by Madoff the schemer who ruined investors’ lifetime dreams.
Bernard Madoff’s long-time accountant in crime David Friehling pleads guilty to robbing billions of investors’ money. This crook kept two sets of books.
Bernie’s two sons, Andrew and Mark who turned their father in with his brother, Peter Madoff are under investigation by federal prosecutors for criminal “tax-fraud” evasion. They are cooperating with authorities.
Members of Bernie’s family have got to be pissed. They filed court papers to have the $199 million-dollar-lawsuit dismissed.
Federal prosecutors have finally caught up with Madoff’s former operations boss. Daniel Bonventre was arrested on fraud charges for allegedly engaging in falsifying the company’s book entries which were reported to the SEC. He faces 20 years in the pokey.
The FBI in peace and war have caught two more crooks. Madoff’s top computer programmers were arrested at their homes for conspiring to falsifying the investment firm’s records and investment books.
This is great news for investors with the “Ponzi” blues. Bernie and Ruth Madoff’s personal “hot items” from a blue satin New York Mets baseball jacket engraved with Madoff’s surname going for $15,000 to expensive dishes and diamond earrings, Hofstra college ring and Rolex watches sold like gold for a whopping $1 million on the NYC auction block.
This is not a “bunch of bull.” Once again the auction block rules. Bernie’s 55-foot “cream of the crop” fishing yacht named “Bull” along with two smaller luxury yachts “Sitting Bull” and “Little Bull” including a 61-foot yacht packed with luxuries that once belonged to Madoff’s former CFO and a “1999 Mercedes Benz convertible” are headed lock, stock and barrel to the Florida auction block.
From monogrammed undies and luxurious furnishings belonging to Bernie and Ruth Madoff’s Manhattan penthouse hit the auction block Saturday, November 13, 2010 at the Sheraton Hotel in NYC.
Former New York Attorney General Andrew Cuomo takes the Bank of New York Mellon unit to court. He claims they knew about Bernie Madoff’s “Ponzi” schemes.
Two former scheming Madoff female employees have been arrested by the FBI in Florida and New Jersey.
Irving Picard the trustee filed two lawsuits, one for $6.4 billion against the giant banker JPMorgan Chase and HSBC for $9 billion in aiding the fraudulent “Ponzi” schemer. So far federal authorities have collected $9.8 billion for Madoff’s victims.
Shocker! Early Saturday morning, December 11, 2010 marking the 2nd anniversary of his dad’s “Ponzi” scheme and arrest, a family member finds Bernie’s eldest son 46-year-old Mark hanging by a dog strap in the living room of his ritzy Mercer Street SoHo NYC apartment. Police believe he committed suicide. Obviously suffering from deep depression, loss of reputation, dignity and pride. His 2-year-old child Nicholas was in an adjacent bedroom while his wife Stephanie was vacationing in sunny Florida with her mom and 4-year-old daughter Audrey. Mark sent a loving wife good-bye emails before taking his own life.
In 2011 Catherine Hooper financee of Andrew Madoff has no shame only speaks of fame for taking money from publishing new book by Laurie Sandell “Truth and Consequences.” life inside the Madoff family.
For Madoff’s victims it’s their finest hour as the Estate of Jeffrey Picower an investor in Madoff’s “Ponzi” scheme hands over $7.2 billion.
On January 14, 2011, former Madoff aide 62-year-old Annette Bongiorno charged with tax evasion and conspiracy was among other co-defendants related to the “Ponzi” scheme walked into U.S. Federal District Court for a pre-trial hearing.
In February of 2011 NY Mets’ owners are accused by trustee, Irving Picard in charge of defrauded victims’ assets of reaping $300 million by ignoring warning signs after they invested with Bernie Madoff for over 25 years that he was running a “Ponzi” scheme. Irving Picard intends to go after $1 billion not $300 million as stated in allegations. Irving could be richer than Bernie says the attorney who represents more than 800 defrauded victims. Picard’s fees have come under scrutiny. There is the possibility Mets’ owners could go to trial, but U.S. District Court Judge is encouraging settling the case amicably.
On November 23, 2011 Manhattan U.S. District Judge rules $386 million of billion-dollar-lawsuit against NY Mets will go to trial before a jury. On Monday, March 19, 2012 owners of the NY Mets agreed to pay $162 million settlement with payments occurring over several years for Madoff’s victims.
SEC General Counsel is being sued by court-appointed trustee for allegedly profiting off largest fraudulent scheme in the nation’s history. Scheming Bernie says JPMorgan Chase & Company knew that he was stealing.
“Wizard of LIes” NY Times interview with Bernard Madoff enclosed in a 7.5×8 ft. hellhole cell. Bernie pokes the finger at financial reform and says it’s a joke. Hundreds of American bankers knew about Bernie’s Ponzi scheme. Seedy Bernard Madoff says everybody was greedy.
Madoff trustee, Irving Picard has taken on the massive distribution of $2.6 billion to Bernie’s victims. Now the trustee wants more money for recovering the assets lost to Ponzi schemer Bernie. Irving Picard has submitted to the court a bill for $43 million in legal fees. Previously bankruptcy trustee said more investors made money than lost everything in the decades of Madoff’s conman scam. SEC says there’s not enough money to go around because Madoff tricked too many victims.
Bernie’s fine wine collection from his Palm Beach mansion retreat is auctioned. The disgraced financier’s wine and liquor was sold for $41,500 on May 18th after being seized by federal authorities. The bottles of wine and liquor were bought from Morrell Wine Auctions of New York. So far Madoff’s assets from his New York and Florida properties have brought in $103 million for his Ponzi victims. The final auctioning of Bernie and Ruth Madoff’s personal belongings in Miami Beach, Florida nets a whopping $500,000 after United States Marshal’s Office seized their property. Customers were dying to buy Bernie’s hot crotch briefs and expensive Rolex watch.
Somebody wants to make it off of Bernie. This might not be everyone’s taste, but some people think it’s great and are purchasing one-of-a-kind ipad cases from $250 to $500 designed by Frederick James with Bernie’s auctioned clothing.
Federal authorities nab Madoff’s former payroll/accounting manager after pleading guilty to the $65 billion-dollar fraud and conspiracy Ponzi scheme.
On July 25, 2011 new amended lawsuit was filed by Irving Picard, Madoff trustee for more money with additional charges against JPMorgan Chase & Company adding up to $19 billion stating bank knew Bernie tricked his victims.
The court-appointed trustee recovers for thousands of Madoff’s jilted investors more than $8.6 billion nearly half of $17.3 billion that was stolen by Bernie “Ponzi” schemer serving more than 150 years in Butner, North Carolina federal prison.
New York Federal Appeals Court agrees that Bernie’s investor victims are not entitled to collect fake profits.
On September 7, 2011 in a Manhattan courtroom U.S. Federal District Court Judge Richard Berman rejected a settlement of $62.5 million by HSBC to resolve an Irish Hedge Fund that lost money in Bernie Madoff’s scheme due to inadequate disclosures regarding administrative and legal fees. Lawsuit claims bank should have known about the fraud as it oversees services and funding to Irish Hedge company.
On Wednesday, October 5, 2011 the first batch of recovery money in the sum of $312 million will be distributed to Madoff’s victims who have been waiting on the sidelines after being swindled by the world’s worst white-collar criminal.
A new tell-it-all book that came out on October 20, 2011 by Stephanie Mack Madoff titled “The End of Normal” is a daughter-in-law’s heartbreaking autobiography of what she went through when her husband Mark committed suicide after he and his brother Andrew found out their father Bernard Madoff was a crook who took billions of dollars from investors. Stephanie wants nothing to do with Ruth or Bernie.
Bernie and Ruth Madoff took some pills and tried to commit suicide on Christmas eve. Peeved investors are tired of hearing about the Madoff celebrities.
On Tuesday, June 5, 2012 38-year-old Craig Kugel a former employee at Bernard Madoff’s investment firm pleaded guilty to federal conspiracy for paying fake salaries as part of the tax fraud scheme.
On Friday, June 22, 2012 prominent Wall Street hedge fund manager negotiated with New York State Attorney General’s office the largest civil settlement for deceiving his clients who became victims of Bernard Madoff’s “Ponzi” scheme will receive more than $400 million. The fund manager will pay an additional $5 million for investigative costs and state fees.
On Friday, June 29th Bernie’s brother 66-year-old Peter Madoff graduate of Fordham University Law School will plead guilty to one count of conspiracy in committing securities fraud and another count of falsifying the investment firm’s records. Defendant Peter Madoff agreed to forfeit $143.1 billion including his real and personal property.
Federal prosecutor said Peter Madoff will admit making false statements to investors. Both charges carry a maximum federal prison term of five years and a fine of $250,000 for Peter the “Ponzi” cheater. Peter plead guilty, but blames brother Bernie. His New York City Park Avenue co-op is on the market for $4 million and proceeds from the sale will be turned over to Marshals Service as part of forfeiture agreement that Peter Madoff and his family agreed to when he pleaded guilty to fraud charges and conspiracy. Sentencing for Peter is set for October 4th.
Madoff trustee suing New York’s Attorney General from completing $410 million settlement that would leave little for investors of the Ponzi scheming swindler.
On Thursday, September 20, 2012 another $2.5 billion stolen from investors funds were mailed by Trustee Irving Picard to 1,230 victims of Madoff’s “Ponzi” scheme the largest in history. The trustee said his office has recovered around $9.15 billion for the victims. From small amounts to as much as $526.6 million, an average payment being $2 million were distributed to investors.
On November 7, 2012 Bernie’s former controller, 74-year-old Irwin Lipkin plead guilty to conspiracy for cooking the records and books told U.S. District Federal Judge Laura Taylor Swain at a Thursday hearing in Manhattan courtroom that these filings helped Mr. Madoff run the “Ponzi” scheme which harmed thousands of people who became victims. Lipkin’s sentencing hearing is on March 22nd when he faces ten years in prison.
On Tuesday, November 13th New York Attorney General reached $210 million settlement with Ivy Asset Management accused of steering clients to invest in the financial firm of Bernie Madoff “Ponzi” schemer.
On Thursday, December 20th U.S. District Court Judge Laura Taylor Swain sentenced Bernie’s younger brother 67-year-old Peter Madoff to 10 years in prison for his role in multimillion dollar “Ponzi” scheme. Peter “the pumpkin cheater” previously plead guilty in June to conspiracy by committing securities fraud for cooking the books of the investment company founded by his older brother Bernie.
Announced on Monday, April 1, 2013 court-appointed trustee Irving H. Picard is sending out reimbursement checks totaling $506 million to 1,103 of Madoff’s former account holders. Trustee says a timetable has not been set for next batch of checks to the nearly 1,100 account holders who still have eligible claims from Madoff’s “Ponzi” scheme through court rulings.
This is Madoff’s penalty. End of the road has finally come for Bernie the deceitful one. Bernard Madoff will not appeal his case. He’s decided to face the bitter disgrace. It’s about time he walked the line.
Ponzi schemers come and go, but Madoff knew how to put on a good show. He thought the investors would never know until one day they were hit with a devastating blow that Bernie took all their dough. Madoff turned out to be the biggest con artist in U.S. history. Seedy Bernie says he took investment money off of people who were rich and greedy. After all is said and done sweet greed was Bernie’s downfall.
Lately Bernie a thieving sick “p *** k” landed in the prison hospital. Does anyone give a shit?
Bernie’s family doesn’t speak to him, By now he’s worn and thin. Bernie is in therapy. The cheat can’t sleep especially thinking about he probably caused his son’s demise by suicide. Bernie likes to work in the prison commissary. In a “reverse charges” phone interview with the news as Bernie can’t even afford a dime to shine his shoes swindler revealed he was making $40 a month maintaining the prison’s phone and computer system. That’s only a fraction more than a garment worker.
We’re not going to wish you sweet dreams greedy Bernie who lost more than money, but his entire family.
© Copyright 2009 – 2013
Created by (Francke) the Lyrical Yankee
All Rights Reserved
Bernard Madoff, Thief of Wall Street/Former Chairman of NASDAQ
(Swindler’s Mind in Satire and Rhyme)