Convicted fraudster Bernie Madoff was “desperately disappointed” that the owners of the Mets chose to settle the fraud lawsuit brought on behalf of victims of Madoff’s Ponzi scheme, CBS News reported Wednesday. “He wrote me last weekend that he was so looking forward to that trial,” said Diane Henriques, author of the book “Wizard of Lies” which detailed Madoff’s fraud. “He was hoping that the Mets’ defense would make the case he was making to me that they had no reason to doubt Madoff.” The trustee for Madoff’s victims, Irving Picard, was set to argue at trial that Mets owner Fred Wilpon, once a friend of Madoff and a longtime investor, was willfully blind and chose to ignore signs that Madoff was producing fraudulent returns. Henriques told CBS that in recent emails from prison Madoff blasted Picard, who was seeking more than $300 million at trial. “He calls Picard a fool, an amateur, says he doesn’t understand the market, says he never understood the market, that he’s just lost on Wall Street,” Henriques said. [NYP]
Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
Keep reading »
It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Arizona State Now Has Multiple Business Schools To Choose From
- 10 Reasons Wall Street Is Using Smart Drugs Crush Work
- Ex-Jefferies Exec Convicted Of Fraud Has Bone To Pick With The Guy Who Turned Him In
- Ruble’s Historic Freefall, Russian Economic Collapse Not Fazing Vladimir Putin
- Bonus Watch '14: Investment Analyst Turned Fantasy Sports Team General Manager
- JOBS Act Helps Hedge Fund Raise Money Through Widespread Advertising
- Dealbreaker Dramatic Reading Night Returns Wednesday
- If You Stand Perfectly Still, Dan Loeb Cannot See You: Sony Execs
- The Indomitable Dov Charney Strikes Again
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com