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Did Madoff's wife and kids know about the scheme
Posted on 1/16/23 at 12:00 pm
Posted on 1/16/23 at 12:00 pm
60 minutes
Watching random youtube videos and the linked Madoff family interview came up. Wife and the remaining living son say they had no idea. What says the OT?
Watching random youtube videos and the linked Madoff family interview came up. Wife and the remaining living son say they had no idea. What says the OT?
Posted on 1/16/23 at 12:01 pm to Gee Grenouille
quote:
Wife and the remaining living son
I was always a believer that Mossad (or an Israeli-based assassin) killed the first son b/c he was involved or knew.
Logically, I have to assume if that is true, that the wife/other son did not.
Posted on 1/16/23 at 12:02 pm to Gee Grenouille
Netflix has a documentary on Madoff. According to it, the kids did not, and hated him once they found out. The wife probably knew.
Posted on 1/16/23 at 12:07 pm to Gee Grenouille
Both sons are dead. One hung himself on the anniversary of it coming out. The other had cancer come back he had once beaten.
Tragic story of a family ripped apart. Ruth his wife is probably the loneliest person in the world.
I don’t believe they knew anything at all. They all were sheltered from it all by design. Although they may have had suspicions.
Tragic story of a family ripped apart. Ruth his wife is probably the loneliest person in the world.
I don’t believe they knew anything at all. They all were sheltered from it all by design. Although they may have had suspicions.
This post was edited on 1/16/23 at 12:08 pm
Posted on 1/16/23 at 12:08 pm to Gee Grenouille
At least one of the sons probably knew. I am referring to Peter Madoff who received a prison sentence for his role.
Posted on 1/16/23 at 12:11 pm to boxcarbarney
quote:
Netflix has a documentary
Executive assistant was pretty convinced boys didn't know
Posted on 1/16/23 at 12:12 pm to Gee Grenouille
Amazing that went on so long with dot matrix statements going out. Haha
Posted on 1/16/23 at 12:13 pm to Gee Grenouille
I don't think they did, and it was by design. They probably had suspicions, but at that point their denial was probably too strong to overcome. I remember his sons hating him for it.
Posted on 1/16/23 at 12:24 pm to thelawnwranglers
What I learned was there was a legit business and the ponzi on another floor. It made a lot more sense how they might not know
Posted on 1/16/23 at 12:24 pm to LegendInMyMind
Not only did they not know, they turned him in. You could make the argument that this was part of Bernie’s scam to keep his boys out of jail.
Posted on 1/16/23 at 12:42 pm to LRB1967
quote:
At least one of the sons probably knew. I am referring to Peter Madoff who received a prison sentence for his role.
Peter Madoff was Bernie's brother, not son. He received a prison sentence as he was the company's compliance officer. Not the compliance officer for the ponzi scheme part of the company, but for the licensed investment part of the company. Obviously the FBI did not buy into the notion that he was in the dark about the ponzi scheme division.
Posted on 1/16/23 at 12:44 pm to thelawnwranglers
quote:
What I learned was there was a legit business and the ponzi on another floor. It made a lot more sense how they might not know
The legit business was the only way the whole thing was able to work. The Netflix documentary does a decent but not thorough job of explaining the division.
Posted on 1/16/23 at 12:45 pm to boxcarbarney
quote:
Netflix has a documentary on Madoff.
Just watched it. The couple of really rich dudes that started out early with Madoff and bailed him out a couple of times probably were in on the scam.
Posted on 1/16/23 at 12:46 pm to Gee Grenouille
I don’t think they did. He hid it VERY well. He hired someone else to help him with the fraud and kept the kids out of it. They also turned their father in when they found out about it. Ruth was with him since she was 18. She prob had no reason to ever think he was a liar and thief and just thought he was amazingly great at his job.
Posted on 1/16/23 at 12:48 pm to Basura Blanco
It's amazing how the SEC just let Madoff run his ponzi after not only being warned for almost 9 years but Madoff practically turned himself in when he gave this JP Morgan bank account number to them and the SEC did not follow up.
Posted on 1/16/23 at 12:49 pm to tigafan4life
quote:
Ruth was with him since she was 18.
I believe she was with him since she was 13.
Posted on 1/16/23 at 12:50 pm to Gee Grenouille
I heard Bernie Madoff was in the Red Elephant Club.
Posted on 1/16/23 at 12:50 pm to Gee Grenouille
Seems like the kids and wife didn’t know.
people suspected shenanigans by Bernie. One theory was his market making business would just intercept info on future trades and his trading operations would adjust accordingly. Appears he just simply stopped trading at some point and went full ponzi.
people suspected shenanigans by Bernie. One theory was his market making business would just intercept info on future trades and his trading operations would adjust accordingly. Appears he just simply stopped trading at some point and went full ponzi.
This post was edited on 1/16/23 at 12:51 pm
Posted on 1/16/23 at 12:51 pm to LSU Grad Alabama Fan
quote:
I heard Bernie Madoff was in the Red Elephant Club.
As if those dudes would let in a Jew.
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