• 12 Jan 2009 at 12:07 PM

The Manhattan Hillbillies

By Equity Private

Mark and Andrew Madoff teamed up with their cousin Shana Madoff Swanson in early 2007 to fund Madoff Energy LLC. After hiring geologists and other employees, they began financing oil and gas projects, including well drilling in Texas.

“Oil? Gas? Sure, why not? Our fly fishing expertise will doubtless provide great geological expertise given our extensive outdoor experience. The fishing travel would dovetail nicely with the survey trips. Plus, don’t they use explosives for those surveys? Cool! Plus too, all those guys on TV you see who got wealthy from oil are like, really wealthy. Remember the Beverley Hillbillies? Those people were loaded. So loaded that everyone had to deal with their bullshit. Hell, we could even boss the Noel’s around in Mustique! I mean, have you seen the price of oil lately? Shana, you run compliance, ready. You know about like filings and stuff, right? You could do the paperwork, right? Mark and I will be the… you know… brains. The research. The analysis. We’d go visit sites near fis- er, oil and gas deposits. Hey, how much does fish oil go for nowadays?”
Madoff’s Sons, Niece Started Energy-Drilling Company [Bloomberg]

Comments (9)

  1. 1
    Posted by guest | January 12, 2009 at 12:10 PM

    to much methane… didn’t drill deeper…

  2. 2
    Posted by guest | January 12, 2009 at 12:18 PM

    Sarcasm and rhetorical questions best left to BL. Clearly not your strengths, EP.

  3. 3
    Posted by guest | January 12, 2009 at 12:25 PM

    I do my own drilling and the men that work for me, work for me and they are men I know. I make it my business to be there and see to their work. I don’t lose my tools in the hole and spend months “fishing” for them; I don’t botch the cementing off and let water in the hole and ruin the whole lease. I’m a family man- I run a family business. This is my son and my partner, H.W. Plainview.

  4. 4
    Posted by guest | January 12, 2009 at 12:34 PM

    perhaps they were following in their mentor’s footsteps. let’s see, start an investment fund giving you 40% returns and don’t worry, you don’t have to pay us an advisory fee, we’ll just take the commission.

  5. 5
    Posted by guest | January 12, 2009 at 12:50 PM

    Looks like the boys top-ticked OIL. Suprise!!!!!!!!!Reminds me of 1999..

  6. 6
    Posted by guest | January 12, 2009 at 12:52 PM

    THINK PALM IPO WAS IN 2000… Andy you can do it

  7. 7
    Posted by guest | January 12, 2009 at 12:58 PM

    too oil, didn’t toil

  8. 8
    Posted by guest | January 12, 2009 at 1:20 PM

    Fishing & Oil combined nicely. Madoff Valdez Ltd.

  9. 9
    Posted by guest | January 12, 2009 at 2:40 PM

    not exactly “All My Sons,” is it?

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