Screen shot 2009-10-02 at 3.33.35 PM.pngIrving Picard promised Sunday that he would bankrupt Andy and Mark Madoff and he was not kidding! The spawn of Satan, along with their cousin Shana and uncle Peter, have been sued for $199 million. The good news is that they’re not being accused of actually taking part in the Ponzi scheme, but only for being possibly so fucking stupid that they had no idea it was going on right under their noses. I can’t speak for Peter and Shana but in M&A’s defense? They were never there! They literally spent 4 days of every work week on a boat fishing and posing for pictures. (They do strike me as himbos, however, so it’s possible they wouldn’t have caught this thing even if they did have more regular attendance at the office.)

The complaint does not accuse the family members of participating in the Ponzi scheme — indeed, lawyers for all four have repeatedly insisted that their clients had no inkling about the fraud until Mr. Madoff confessed to his sons in December, prompting them to turn him in to the federal authorities.
Rather, the trustee’s complaint describes the relatives as “completely derelict” in carrying out their professional duties at the federally regulated brokerage firm.

“As a result, they either failed to detect or fail to stop the fraud,” the complaint asserted. “Simply put, if the family members had been doing their jobs — honestly and faithfully — the Madoff Ponzi scheme might never have succeeded, or continued for so long.”

Madoff Fishing Big Hole River 3.JPG
Madoff Fishing Big Hole River 11.JPG
Madoff Fishing Missouri River 17.JPG

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Comments (75)

  1. Posted by DJ LIBOR | October 2, 2009 at 3:30 PM

    I’m going to be bottle popping tonight, son!
    See you at Pianos.

  2. Posted by guest | October 2, 2009 at 3:32 PM

    looks like A&M are getting sued just for the “halibut”

  3. Posted by guest | October 2, 2009 at 3:34 PM

    @2: You are a fag.

  4. Posted by guest | October 2, 2009 at 3:36 PM

    @3
    That reminds me, I need a cig.

  5. Posted by guest | October 2, 2009 at 3:36 PM

    Kim Jun Il vs. Lloyd Blankfein, discuss…

  6. Posted by guest | October 2, 2009 at 3:37 PM

    Kim Jung Il vs. Lloyd Blankfein, discuss…

  7. Posted by guest | October 2, 2009 at 3:37 PM

    ha ha what about big ed and margret they where part of management…

  8. Posted by guest | October 2, 2009 at 3:38 PM

    I guess you could say M&A aren’t off the hook yet.

  9. Posted by guest | October 2, 2009 at 3:40 PM

    Best beej I ever had. Smelled like the real thing too.

  10. Posted by guest | October 2, 2009 at 3:42 PM

    It moved.

  11. Posted by guest | October 2, 2009 at 3:42 PM

    I really hope that there is no law against being stupid.
    -Greg M.

  12. Posted by guest | October 2, 2009 at 3:45 PM

    They look gillty to me.

  13. Posted by guest | October 2, 2009 at 3:49 PM

    Bess don’t you mean Irving Picard, not Ira Sorkin?

  14. Posted by guest | October 2, 2009 at 3:52 PM

    they might be in “reel” trouble now.

  15. Posted by guest | October 2, 2009 at 3:53 PM

    Roe v. Waders

  16. Posted by NakedShort | October 2, 2009 at 3:58 PM

    looks like the “jig” is up

  17. Posted by CoveredLong | October 2, 2009 at 3:59 PM

    @12 – You spelled it wrong….ohhh, I see what you did there…haha.
    You could hook a book deal if you fillet few pages up with fish puns. Of course, you’d probably have to let it go once you got it.
    -Big Pun(f)isher

  18. Posted by guest | October 2, 2009 at 3:59 PM

    @14…well played. I like the way you “scaled” into it on the “fly”. “Mustad’ you to my favorites! As they say in French movies, “Fin” !

  19. Posted by Reassured Anthropolgist | October 2, 2009 at 4:00 PM

    I can finally see the kike-ness and the Madoff lineage in the 3rd picture.

  20. Posted by guest | October 2, 2009 at 4:01 PM

    Upon further review, I think @15 packed in the most humor with the fewest words. Well done!
    ~The Joke Briefer

  21. Posted by NakedShort | October 2, 2009 at 4:04 PM

    @12 Allow me to build:
    Gillty without a shadow of a trout.

  22. Posted by guest | October 2, 2009 at 4:05 PM

    Pics 2 and 3 appear to have the “Salma truta” (brown trout) in them…….
    ~Acorn Fish Organizer

  23. Posted by guest | October 2, 2009 at 4:10 PM

    Hey Andy / Mark – as Valentine said in Trading Places “How’d ya’ll do?”

  24. Posted by CoveredLong | October 2, 2009 at 4:10 PM

    Bunch of master baiters if you ask me.
    The headline should’ve read: “Bernie Madoff: Caught by his sons”
    That’s right, they were so unimpressed they threw him back…into general pop.

  25. Posted by guest | October 2, 2009 at 4:11 PM

    How I feel about Andy and Mark:
    http://www.youtube.com/watch?v=Q_CysSd_4AY

  26. Posted by Anal_yst | October 2, 2009 at 4:12 PM

    Ha Ha!
    –Nelson

  27. Posted by guest | October 2, 2009 at 4:13 PM

    My hovercraft if full of eels.
    -Jeff Mackerel

  28. Posted by guest | October 2, 2009 at 4:18 PM

    Who wants to put his rod in my tackle box?
    -Toothy Ruth

  29. Posted by guest | October 2, 2009 at 4:18 PM

    @ 26.. “Nelson – can’t u see he’s really hurt? I said HaHa”!

  30. Posted by guest | October 2, 2009 at 4:19 PM

    I pity those poor soles.

  31. Posted by guest | October 2, 2009 at 4:20 PM

    Jeff Mackerel FTW!

  32. Posted by guest | October 2, 2009 at 4:25 PM

    @30 that was codawful

  33. Posted by guest | October 2, 2009 at 4:26 PM

    Hook, line, and sinker…
    S.L. (the sooo 10 minutes ago guy)

  34. Posted by guest | October 2, 2009 at 4:26 PM

    M&A are minnow-cent until proven guilty by a jury of their piers.

  35. Posted by NakedShort | October 2, 2009 at 4:31 PM

    Didnt they intern at Salmon Smith Barney?

  36. Posted by Prime Brokerage Dude | October 2, 2009 at 4:33 PM

    This lawsuit is a fluke. M&As attorney will get them off the hook. There’s no way they go up the river.

  37. Posted by guest | October 2, 2009 at 4:36 PM

    @35
    S.A. Sea Capital

  38. Posted by guest | October 2, 2009 at 4:38 PM

    This thread has turned into carp. Dear Bass, please krill this ASAP.
    Sincerely,
    Jack the Flipper

  39. Posted by guest | October 2, 2009 at 4:38 PM

    Charrlie Bassparino

  40. Posted by guest | October 2, 2009 at 4:43 PM

    Some really crappie puns floating around here about Bernie’s cod-led spawn.

  41. Posted by guest | October 2, 2009 at 4:45 PM

    They were “lured” into the shenannigans. They got their “hackles” up in anger. They might “worm” their way out of this, though. But they could get caught in the Fed’s “net”.
    I bet they “carp” about this for months on end. They’ll probably grow “mullets”.

  42. Posted by guest | October 2, 2009 at 4:45 PM

    Is Mark sporting a mullet under his hat?

  43. Posted by guest | October 2, 2009 at 4:46 PM

    Grill Bassness

  44. Posted by NakedShort | October 2, 2009 at 4:47 PM

    We don’t know what you heard about we
    But a Picard can’t get a dollar out of we
    No Cadillac, no lures, you can’t see
    that we like to eat motherfucking S-H-R-I-M-P

  45. Posted by guest | October 2, 2009 at 4:48 PM

    @38 quit your pouting.

  46. Posted by guest | October 2, 2009 at 4:51 PM

    I’d like to pound da shit outta all of you.
    -CG

  47. Posted by guest | October 2, 2009 at 5:00 PM

    Still pretty finomenal that BM, who understood the morays of the suckers he reeled in so well, was able to skate along for decades and poach such a big bushel of clams, while the regulators, whose sole porpoise is to stop these bottom-feeders, never smelt anything fishy.

  48. Posted by Becky Boot Fan | October 2, 2009 at 5:04 PM

    If they get sent to the tank, they might get beat up and be in need of a sturgeon.

  49. Posted by guest | October 2, 2009 at 5:10 PM

    At least they’ll get a fair herring.

  50. Posted by guest | October 2, 2009 at 5:13 PM

    Fucker kept saying: Til a’ pay ya

  51. Posted by CoveredLong | October 2, 2009 at 5:17 PM

    FISH!
    -Guy who can’t make fish puns

  52. Posted by guest | October 2, 2009 at 5:20 PM

    Greg Pikeaels.

  53. Posted by guest | October 2, 2009 at 5:21 PM

    Hooper! Where the fuck is hooper? We have a bony shark to catch!
    - you see what I did there?

  54. Posted by CoveredLong | October 2, 2009 at 5:22 PM

    Hey, #55, do you like fishsticks?

  55. Posted by guest | October 2, 2009 at 5:22 PM

    hell yeah!

  56. Posted by CoveredLong | October 2, 2009 at 5:23 PM

    @55 – You’re a gay fish!

  57. Posted by guest | October 2, 2009 at 5:24 PM

    @56 You are a master baiter. You caught me hook line and sinker
    -55

  58. Posted by Anal_yst | October 2, 2009 at 5:27 PM

    I’m glad I”m not the only one bored outa my skull this afternoon, wow, seriously…
    –Not the fishing type

  59. Posted by guest | October 2, 2009 at 5:46 PM

    @47
    That is some premo shit right there. thanks.

  60. Posted by guest | October 2, 2009 at 6:01 PM

    @47/”sole porpoise”
    Nice!

  61. Posted by guest | October 2, 2009 at 9:24 PM

    47 officially wins what can only be described as a WASP freestyle battle. “Sole porpoise” sealed the deal. Well done.

  62. Posted by guest | October 2, 2009 at 9:26 PM

    Make that SEALed the deal. (Yes, seals are mammals. Fuck you.)

  63. Posted by guest | October 3, 2009 at 12:29 AM

    Grog, don’t jizz in a bowl and tell me it’s chowder.
    -Clamma Mussels

  64. Posted by guest | October 3, 2009 at 3:46 PM

    Scales of Justice.

  65. Posted by Ruth | October 3, 2009 at 8:22 PM

    Here is the NY Times wedding announcement in 1992 for Andrew and Debbie’s marriage. The announcement states that Ruth is the Director of Administration. The New York Times fact checker must have confirmed this. She was proud of the title then, but now she claims to be just an innocent housewife.
    Miss West Wed To A. H. Madoff
    Published: Sunday, January 19, 1992
    SIGN IN TO RECOMMEND
    TWITTER
    E-MAIL
    REPRINTS
    SHARE
    Deborah Anne West, the daughter of Mr. and Mrs. Douglas West of New York, was married last evening to Andrew Howard Madoff, a son of Mr. and Mrs. Bernard L. Madoff, also of New York. Rabbi Richard Chapin officiated at the Union League Club in New York.
    Mrs. Madoff, 24 years old, is a book-promotions consultant in New York. She graduated from Duke University. Her father is an investment broker at Bishop, Rosen & Company, a stockbrokerage in New York. Her mother, Susan L. West, is a managing editor at the Bantam Doubleday Dell Publishing Group in New York.
    Mr. Madoff, 25, graduated from the University of Pennsylvania and is a securities trader at Bernard L. Madoff Investment Securities in New York. His father is the company’s chairman, and his mother, Ruth Madoff, is its director of administration. His father is also the chairman of Nasdaq.

  66. Posted by guest | October 4, 2009 at 3:44 AM

    Madoff has nothing on my Super Dolla
    -Kim Jong Skill

  67. Posted by guest | October 4, 2009 at 8:55 PM

    @47′s use of “smelt” deserves an oak leaf cluster.

  68. Posted by guest | October 4, 2009 at 8:56 PM

    I bet one of the Madoff boys has an original “Pollock” hanging somewhere.

  69. Posted by guest | October 4, 2009 at 10:26 PM

    Andy & Mark join the koi polloi.

  70. Posted by guest | October 4, 2009 at 10:38 PM

    There was a young man from Nantucket….

  71. Posted by guest | October 5, 2009 at 1:00 AM

    They are so shucked…

  72. Posted by guest | October 5, 2009 at 9:30 AM

    So, you’re telling me that going on fishing trips and yelling at coffee shop baristas is NOT what I was supposed to be doing? Are you sure, cuz thats what Daddio always told me was my job?

  73. Posted by dorothy | October 8, 2009 at 11:53 PM

    they stink more than any fish every could.

  74. [...] in touch with his client, who is serving a 150-year sentence at federal prison in North Carolina. Sorkin did say, “I’m very sure he has been informed. This is a great tragedy on many, many [...]

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