"Derelict" Madoff Relatives Sued For Millions

by Derek Loosvelt | October 02, 2009

Most of the Madoff-related news hitting headlines since Berns was thrown in the slammer has certainly been a yawner in comparison to the pre-prison Ponzi that topped print and web pages. But here's something definitely worth waking up from your 150-year-sentence-like slumber for:

A suit has been filed seeking $198.7 million from Bernie's brother, two sons and niece. Although no criminal charges were filed, the suit did say that if this very un-fabulous four "had been doing their jobs—honestly and faithfully—the Madoff Ponzi scheme might never have succeeded, or continued for so long.”

In other words, either Bernie's blood are a bunch of morons, or they knew (that is, at least suspected that something was rotten on floor 17).

 

Filed Under: Finance


BarCap Banking Salaries Go Up But S&T Salaries Remain the Sa Top 10 Quotes of the Week

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers