I’ve been wondering for some time now whether or not being employed by Madoff Securities when Bernie made his big reveal would be the professional equivalent of pulling a Ping, i.e. taking a piss in an underling’s mouth, i.e. would it make it difficult for you to find future work at a firm that doesn’t have the sort of outside the box thinking that allows for such things. Apparently, the answer is yes, particularly if you share DNA with the Ponz Master. Yes, my pets, it’s true– Mark and Andy Madoff, employees 2 and 3, sons 1 and 2, have been having difficulty finding work. Like they have a bad rap or something. It’s gotten so bad that they might just have to start their own firms. They’ve also started crying in front of other people, as is their wont.
Mark Madoff, who worked at Bernard L. Madoff Investment Securities LLC for more than 20 years, climbing up the ladder to director of proprietary trading, recently met with at least two Wall Street contacts to get their opinions on whether he could find another job in finance, people familiar with the discussions say. He talked about working on a trading desk or in trading technology, asking one person to keep him in mind if he hears of any openings.
“He’s untouchable in any firm that deals with the public,” says someone who talked to Mr. Madoff. He was near tears while describing his feelings about his father, the person added, asking why anyone would bring his son to work at a crooked investment firm. Another person approached by the 45-year-old Mr. Madoff was told by his lawyer not to respond.
Meanwhile, Andrew Madoff, director of trading when the New York securities firm collapsed, has considered starting a firm involved in disaster recovery, according to someone who has talked to some of his relatives.
On the bright (deluded) side, Mark has apparently been telling friends that he thinks he’s “going to land something soon.” And worst comes to worse, they can shack up with the fish. Also! Eleanor Squillari, Berns’ assistant who used to schedule his hand job appointments, has landed on her toes.
“I’ll never get a job in finance, and I’m one of the lucky ones,” says Eleanor Squillari, Bernard Madoff’s assistant for many years. She went to beauty school this summer and plans to look for work at a hair salon while selling her handmade jewelry.
Ms. Squillari, 59, lives in a two-bedroom apartment in the New York City borough of Staten Island, near the house she had to sell earlier this year. It makes her angry that former co-workers linked to the fraud still have their big houses and expensive cars. (Ms. Squillari co-wrote an account of her time at the Madoff firm for Vanity Fair magazine, for which she was paid about $50,000.)
Mark,
Let me know if you find anything or start up your own shop. I’m available and have some good ideas.
-J. Chiang
Maybe Bo and Brian could raise some money together and include Mark in the 2/20?
im surprised the brothers haven’t been whacked yet
If a local mom can make $77/hr working online, Mark and Andy ought to be able to pull in more than that…no?
This gentleman has financial skills that are in high demand in Nigeria. Please tell him to email me.
Kind regards,
Bishop Jones, LLM, PHD
They were directors of trading at a firm that had the securities volume of a dry cleaner. These guys really know how to sit on their hands.
Sorry to break it to you Eleanor, but you never worked in finance to begin with.
Change your name, move to Alaska, get a greenhorn job on a crab boat.
Maybe the three of us can do something together? Let me know. Huge. Quickly.
-T.W.
#6: that was hilarious and very accurate. Like being in charge of irrigation in the Mojave.
I see nothing wrong in what these two fine young men did. It was a run on the bank!
-Jeff Skilling
I it just me or is someone holding a gun to the back of son 2′s head?
I see nothing wrong in what these two fine young men did. It was a run on the bank!
-Jeff Skilling
Hopefully they get cancer and die like their cousin Roger did.
I heard that Fox Business News is courting him. They want to add to their cred factor.
to even consider trying to get back into finance after what they pulled just shows how sociopathic these people are.
Do the right thing, get the hell out of dodge and earn an honest living doing something else to try and redeem yourrself or just do everyone a favor and commit hari kari.
Madoff’s crime was worse than homicide.
I it just me or is someone holding a gun to the back of son 2′s head?
Sounds like they’re both swimming upstream, trying to land anything big enough to keep body and sole together.
You know, some enterprising person ought to offer to buy their rolodex. Surely there are enough blue-haired ladies in NYC that still have money and that redeemed before this went public. Right?
Perhaps Sir Allen can hook the boys with a gig?
I’m sure they’ll have no problem landing something in the prison laundry or maybe working the glory hole.
eleanor, shut the f**k up.
eleanor, shut the f**k up.
I’m sure boys with your qualifications would have no trouble finding a top flight job in the housekeeping or food service industry.
I resist the urge to refer to these two as, “Shitheels”.
Thank you.
Well, their sister and the SEC guy who was supposed to be keeping track of them all have just had a baby.
Welcome to the world, new little Ponz!
The name “Madoff” will for ever be an albacore around those boys’ necks.
Those boys were in it all along. C’mon, are you really that foolish?
Bernie’s taint isn’t that bad…
Ruth M.
ring ring
umm hello this is Andrew,
umm yes Andrew Madoff i mean Madoffsky
how can I help you with your investment?
hello hello hello?
damn they hung up again!
Or
BEE BEEP
Welcome to McDonalds drive through please
Well we have a great dollar menu but listen, if you give me 100 dollars. i will give you back 20 bucks a week and free burgers for life.
yes? you will do it?
Mark we’re back!
Isnt this the scene where Beeks gets the wrong frozen OJ info…
that movie is so not funny to them anymore.
maybe they could run BofA?
they should start by changing their names to Neil and Bob.
then start fluffing…i mean rigt away, they might as well get used to it with such perrty mouths. they gunna be real popular at their new digs.
is it too early to start calling them sisters?
Please don’t talk about Bernie’s taint.
“And worst comes to worse, they can …”
The writing and grammatical errors on this site never cease to amaze me.
@36 Levin is just giving Mystal a run for his money. It’s a race to the grammatically incorrect bottom.
@36: That’s because financial shenanigans don’t amaze you.
@36 shampoo my crotch
79. As of a few years later, no money or securities had been invested in this account.
Nevertheless, the March 2002 account statement suddenly reflected that $9.9 million worth of stock in Microsoft had been “purchased” over a year earlier in or about December 2000 and then “sold” in or about January 2002 creating a tidy profit of $5,628,860. Despite the earlier dates of these purported trades, the first evidence of this “purchase” of Microsoft stock does not appear until March 2002. On or about April 3, 2002, a substantial portion of the purported profits of these fictitious transactions—$5,331,853—was transferred from Mark’s IA account to an outside account owned and controlled by him.
87. Most, but not all, of Andrew’s IA account gains were withdrawn from customer account number 1M0140. Although the Trustee has not found that any money was invested into this account, over $14.5 million was redeemed between 1998 and November 2008.
90. Similarly, in April 2004, again despite not having invested money or securities into his account, an account statement purported to show that more than 2.9 million shares of stock in Lucent Technologies had been “purchased” in March 2003 and “sold” in April 2004 for a gain of over $7.5 million. Although the first of these transactions purportedly took place in
2003, the first evidence of this “purchase” of Lucent stock does not appear on an account statement until April 2004. At least $7.3 million of the proceeds of these fictitious trades were transferred to bank and brokerage accounts controlled by Andrew.
Happy Anniversary, Mark!
Was it you or Andrew who told Special Agent Cacioppi about your father’s “cryptic” investment business and how everything you knew about it came from the SEC ADV form first filed in 2006?
Since there’s no indication that either of these two ever had any finance-related skills to begin with, AND they were cohabiting in an office with the biggest Ponzi schemer in history, who just happened to be their papa (which is the only way they’ve ever obtained any employment), I’m amazed any headhunter would even agree to meet with either of them.
If the situation were reversed, would they hire themselves? Of course, nor will anyone else. If they found someone stupid enough to give them a job, that person would be ridiculed and reviled by everyone else. Give them a ” (A little)Hungry and (Almost) Homeless” sign and an empty coffee cup and stand them on a street corner….
Im so happy that wealthy greedy crooks got ripped off. No one cared enough to make anyone take action because they were making so much money. Wealthy people have wealthy influential friends that call those in charge demanding actions. When wealthy people bark it gets done. A hard lesson learned? Wouldnt it have felt better if someone homeless or children in fostercare got some donations from Madoffs clients? Better someone who worked all their life investing your millions just sitting there while people starve and die of diseases because of no research funds. Those who have and dont care to notice the kids next door who fend for themselves while their parent is at work or in jail. For all who lost their money to berni, “nothing has changed your still greedy, the few million you have left will go to yourself and your kind, dont cry for what some of us will never see. This man outsmarted the greediest of the greedy, and thats why your all mad. greed on!
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff was frustrated to the point of tears at his inability to get hired at another investment [...]
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff was frustrated to the point of tears at his inability to get hired at another investment [...]
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff wasfrustrated to the point of tears at his inability to get hired at another investment [...]
[...] have been easy for Mark Madoff. The Wall Street blog Dealbreaker on Friday reported that he was emotionally distraught over not being able to find work in finance. He, along with his brother and others, is the subject [...]
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff was frustrated to the point of tears at his inability to get hired at another investment [...]
No matter what Mark knew or did not know, he did not create this and he has left fatherless children.
Bet you feel like a dick now. Apropos title btw
Come ON, people…
It seems like this firm didn’t have ANY “Stocks” for at least 30 years… How in the world did they not know? “Kosher as Ham on Rye” comes to mind and the non-PC implication IS intended…
Yeah, that’s a real good “Work Reference”, being kiss up/kick downs on an elite salary in a “Firm” that was all fake, borrowing from new people to pay older investors. Could they even give any actual financial advice, trade stocks, run a real business? I’ve had a lot of jerk-a-hole bosses, but at least they KNEW how to DO things, and I really doubt his kids knew anything other than “Nepotisim”…
Not that I’d be not for them NEVER working again. We’ve got to purge illegals and end outsourcing, the product of worse thieves than the Made-Offs. Then there will be plenty of ditch-digging jobs available that pay a decent salary due to the LACK of other employees.
Hear about his son’s “suicide”?
His burial plot should be the landfill.
Not for one second do I believe they were ALL part of the plot.
And I bet he’ll have a lavish $million funeral on money stolen by him and his father.
And, frankly, “Dog Leash”, uh, remember John Carradine…
——
“The Juwes are the ones what always got away with it!”
—Anonymous graffiti in the Whitechapel district.
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff was frustrated to the point of tears at his inability to get hired at another investment [...]
[...] Wall Street blog Dealbreaker reported Friday that Mark Madoff was frustrated to the point of tears at his inability to get hired at another investment [...]