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Madoff Boys Guilty


Of frosting our cookies. It's become something of a bi or a tri weekly occurence for us to receive emails with some iteration of the subject line 'Madoff Bro Pictures' and for us to know we're about to be staring at one or more images of Mark and/or Andy Madoff and a fish. Maybe it's the himbo-esque looks on their faces, maybe it's just their faces, maybe it's me but this has become grating. Now, because these two have apparently done nothing but fishing (and posing) their entire adult lives, we've become something of a minor repository of Madoff family photos that fall under the categories of 'sons' and 'aquatic hunting.' You know what's coming next.

Earlier: Madoffs + Bob Rubin = Urban Angler

Madoff Family Fishing Photos


Former Madoff Employee Pleads Guilty To *A* Madoff Securities Scam Just Not *The* Madoff Securities Scam

You know what has got to suck? When you decide to start charging stuff that doesn't fall under "business expenses" to your corporate card and engage in a few other amateur hours scams that probably wouldn't have been found out (or, if discovered, not taken to the authorities because your boss had high tolerance for fraud) but then they are because the CEO of your firm had to go and engage in the largest Ponzi scheme on record, which shone an uncomfortable light on company personnel and all of the cheese, popcorn, and salsa of the month clubs you joined (for example).  Craig Kugel knows what we're talking about. The son of a longtime trader for convicted Ponzi scheme operator Bernard Madoff pleaded guilty to conspiracy and other criminal charges Tuesday, but denied any involvement in the decades-long fraud. Craig Kugel, the son of David L. Kugel, a former supervisory trader in Madoff's proprietary-trading operation, admitted to filing false forms that claimed people were on the Madoff payroll when they didn't actually work for the firm and to not declaring as income personal expenses charged to the firm's corporate credit card. Those individuals were paid salary and benefits, but weren't actual employees, he said. "I am sorry for my lapses in judgment in committing these federal crimes, but I want to make clear I had nothing to do with the Madoff Ponzi scheme and I was never involved in the Madoff trading operation," Craig Kugel said at a hearing before U.S. District Judge Laura Taylor Swain in Manhattan. Ex-Madoff Employee Pleads Guilty to Conspiracy [WSJ]