Bernie "the Ponz" Madoff: One Year Later

by Derek Loosvelt | December 11, 2009

It's been a year since Bernie was busted for that billion-dollar Ponzi scheme of his, and already he's served five months of his 150-year sentence (only 1,795 months to go; perhaps six or seven fewer if Bernie behaves himself).

Bernie Madoff

Although not much new information has hit headlines since Madoff was sentenced at the end of June, this bite of news coming from the lips of Ira Sorkin, Bernie's lawyer, is worth your time. In an interview with CNBC, Sorkin tells Scott Cohn that he was visiting his two-year-old granddaughter's pre-school when Madoff called him last December 11th:

"I'm sitting in class and these children, two-and-a-half-year-olds, are standing around, pretending that they're on a farm. And the teacher is asking, 'what sounds do you hear on a farm?' Like a cow, moo-moo, and a duck, quack-quack. And I'm hearing all these animal sounds, and all the kids laughing and applauding, and my cell phone rings. And it's Bernie Madoff. And he tells me that he's been arrested by the FBI. He's handcuffed to a chair. He needs my help. And in the background, I'm hearing, 'moo-moo, quack-quack, oink-oink,' and I ran out of the class."

Filed Under: Finance


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