• 25 Feb 2009 at 1:18 PM

Madoff Bro: Idiot Or Crook?

By Equity Private

It’s a fine line, to be sure, but that’s what Frank Lautenberg is trying to ascertain and maybe recoup some losses in the process. The octogenarian senator’s family foundation has sued Peter Madoff, brother of Bernie, and chief compliance officer at Madoff Securities, a job which either entailed aiding and abetting the elder Mades in ripping off Kevin Bacon et al, or building elaborate towers out of sugar cubes for the last number of years. Here’s the complaint, via Dealbook. Obviously you’ll all agree that the best of the 17 “obvious material red flags evidencing the BMIS giant Ponzi scheme and repeated alerts of fraudulent activity that were recklessly ignored and/or not disclosed and/or consciously disregarded by Peter Madoff” is the one about no one being allowed on the office’s 17th floor, known as “THE CAGE.”
Lautenberg Foundation’s Suit Against Peter Madoff

Comments (11)

  1. 1
    Posted by guest | February 25, 2009 at 1:22 PM

    OK guys, time to improve the morale around here. On behalf of BO/TG/BB & Co., heeeeeeeeerrrreeessss:
    http://www.youtube.com/watch?v=Xv6lHwWwO3w

  2. 2
    Posted by guest | February 25, 2009 at 1:28 PM

    Much better:
    http://www.youtube.com/watch?v=yu2NqfISm9k
    Shame the hotties are in their early-mid fifties now.

  3. 3
    Posted by guest | February 25, 2009 at 1:46 PM

    Gone Fishing

  4. 4
    Posted by guest | February 25, 2009 at 1:47 PM

    @1/@2
    You guys have no idea how to build morale.
    The following always cheers me up.
    http://www.youtube.com/watch?v=jY4SF8xWKFo

  5. 5
    Posted by guest | February 25, 2009 at 2:05 PM

    Erin’s in her second outfit today. Maybe the tweed jacket was irritating her new after market parts.

  6. 6
    Posted by guest | February 25, 2009 at 2:10 PM

    Good to see things about this scumbag Peter Madoff – in his role as CCO he lied repeatedly to the SEC and NASD – without Peter Madoff’s lies, this scam would have have died a long, long time ago.

  7. 7
    Posted by guest | February 25, 2009 at 2:45 PM

    they should also go after Mark and Andy Madoff (SCUMBAGS)…. oh we did not know anything even though we ran the broker dealer that executed we… OPPPPPS DAD said he placed the trades for his clients—- POOR ANDY AND MARK ARE SCUMBAGS

  8. 8
    Posted by guest | February 25, 2009 at 2:45 PM

    Poor Josh, maybe he’s going to have to stop skiing and living in Vail and become a productive member of society.

  9. 9
    Posted by guest | February 25, 2009 at 4:44 PM

    Do we need to choose between Idiot and Scumbag…..Why can’t it be both?

  10. 10
    Posted by guest | February 25, 2009 at 5:22 PM

    Lets not forget about that whore Ruth who sat next to Bernie the whole time he was bilking his buddies out of billions. She should have to work off the debt…

  11. 11
    Posted by guest | February 26, 2009 at 10:17 AM

    So how come you can not line these people up and shoot them? If you intentionally stole billions from people over years and years don’t you think they deserve to be executed?
    The biggest bank heists don’t go this far.

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