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The Silver Lining To Madoff's Scam

Meet-cutes! With Andy Madoff breaking down and crying on the kitchen floor and describing daddy's life work as a betrayal of "biblical proportions," Bernie's most likely not going to be named father of the year any time soon, or even get a #1 Dad mug come June 21. But he probably can expect some sort of nice note from these two ladies:

TWO victims of swindler Bernie Madoff met for the first time last week. During Barry Z's show on CBS Digital radio, cabaret singer Cynthia Crane said that after Madoff ripped her off, she had to put her 19th-century Greenwich Village townhouse on the market. Her comment shocked fellow guest, author Barbara Bonfigli, who said, "One day I found out that my first book was being published and two days later that I'd lost all my money" to the Ponzi scammer. The host responded, "Two betrayed Madoff investors [on the same show]. What are the chances of this?"

So he ripped off billions. So what? The point is, the man is bringing people together. And that's what this is all about, isn't it? Did you meet a new friend or spouse through this whole ordeal? Let us know.

Madoff Victims Meet


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]