Posts Tagged ‘madoff’
NEW YORK: Is Mark Madoff getting divorced? Or is he just losing his swagger?
Mark Madoff pre and post Ponzi...has he lost his swagger*?....did I mention I love the word Swagger? I think if I ever had a son, I might even call him that. Swagger. Swagger Jones. Do you think that could work? Okay. Moving right along. http://nymag.com/daily/intel/2009/09/things_have_really_gone_pear-s.html Poor Mark Madoff isn't looking [...]
NEW YORK: Bernie Madoff’s $250,000 pay off to secretary to hush adultery?
I don't even care about this so I don't know why I'm writing about it. But according to the New York Post, Bernie Madoff supposedly had a few adulterous trysts at the office. I had thought that his last secretary whatsherface seemed suspect in the sense that, she might have wanted him and there might have been some flirtation going on, and that [...]
FBI charges Pang with fraud: Was Janie Pang planning to divorce husband Danny Pang b4 murder?
The Taiwanese Madoff may have been heading for divorce Now that he has officially been charged with fraud, will 33 year old Taiwanese equity guru Danny Pang's deceased wife's murder come back to haunt him? Danny's just been charged by the SEC and, I think, FBI for fraud and for running a ponzi scheme. He has stepped down as chairman and CEO [...]
With Bernie Madoff forced into bankruptcy what will Ruth do to get her “alimony”
Now that the judge has ordered that Bernie's investors/creditors can force him into bankruptcy, it looks like Ruth's options have gotten more streamlined. She definitely will have to get in line behind creditors, not only with respect to business assets, but also personal assets as well. I mean, she would be entitled to some "exemptions." Even in [...]
Peter & Marion Madoff on estate planning for the savvy divorcee
I just read in Crains that Bernie Madoff's brother Peter Madoff has been put on a $10,000 per month allowance by a federal judge while prosecutors probe the assets of the ponzi schemer's kin. This is very scary, obviously. Especially if you are Marion Madoff, his wife. (Btw, I love that name: Marion Madoff... hysterical.) But only in the sense [...]
Ruth Madoff on how to get a fake divorce
Experts are calling on Ruth Madoff to divorce her husband Bernard L. Madoff. We've been thinking about that and it gave us the idea for a "fake" divorce. Is there such thing as a fake divorce? Yes, says we at Divorce Saloon. A fake divorce is basically a type of fraud against the court. It purports to ask the court for a divorce upon grounds which [...]
Is Ruth Madoff shopping for a divorce lawyer?
Rumors are flying that Ruth is going to try to divorce her husband, jailed fiancier Bernard Madoff. Poor Ruth is under the microscope and even a grocery shopping trip in Manhattan last night made the front pages of the papers this morning. Ruth, allegedly, was buying detergent and cheese... But is she shopping for a divorce attorney in her [...]
Renegotiating your divorce settlement: What UK’s Brian Myerson and Madoff’s Steven Simkin teaches us
Bankers' wives, just like wives of lawyers in big firms, have always lived a posh life filled with things like Yves Saint Laurent dresses, Chanel bags, and Hermes scarves -- to wit: Kathy Fuld (wife of Lehman Brothers' Dick Fuld), Laura Blank (ex-wife of Madoff investor Steven Simkin), and Ingrid Myerson (ex wife of UK's Brian [...]
NEW YORK: If Ruth did divorce Bernie, what is the value of the marital assets she wants a piece of?
So, the Madoffs were not billionaires. I was reading on Reuters just now, that the Madoffs were worth in excess of $800 million as of the day before he was jailed. $800 million is nothing to sneeze at, of course. But in the grand scheme of things, when you compare them to a guy like say, R. Allen Stanford, or better yet, Warren Buffet, they were [...]
GUILTY! JAIL! Madoff enters guilty plea and is carted off to jail. Can Ruth sue her husband for wasting marital assets?
Bernard Madoff pleads guilty AND SENT TO JAIL!!! What will Ruth do now? Well, I guess Ira-genie-in-a-bottle-Sorkin couldn't pull this one off. He just handed his client over the the feds, hook, line and sinker. My God. Wasn't there anything he could have done but this? He let his client plead guilty to EVERYTHING. I expected Ira Sorkin to work [...]
Ruth Madoff on how to look like a complete idiot in front of a divorce judge
RICO; CONSTRUCTIVE TRUST; INNOCENT SPOUSE RULE; DIVORCE; GROUNDS FOR DIVORCE I was just over on Bloomberg and read an interesting article by Susan Antilla which she wrote yesterday about Ruth Madoff's post-Bernie options. One option according to some lawyers Ms. Antilla interviewed, is for Ruth to divorce Bernie. Then she would have to show [...]
When your husband is in jail, or heading to jail…like Ruth Madoff and Michelle Schrenker
Ruth Madoff and Michelle Schrenker are two lovely women whose husbands have done not so lovely things. As a result, both men are facing federal prison. Bernie Madoff, husband of Ruth Madoff is facing prison for pulling off the biggest Ponzi heist in Wall Street history. Marcus Schrenker is facing prison for leaving his private plane unmanned and [...]
Dear Bernie Madoff: if you had divorced Ruth it would have been less of a “dishonor” than what you have done.
I was at the gym yesterday (don't know why I bother to go since I seem to gain two pounds per day I swear to the birds) and I was thinking about the Madoffs as I peddled on the stationery bicycle. I was thinking, specifically, of the post we did comparing Bernie Madoff and Marc Dreier (the lawyer who is under house arrest for some type of fraud) [...]
Dear Ruth Madoff: Did you make these mistakes in your first marriage?
Divorce, Equitable Distribution, Imprisonment, RICO Where was I reading? It think it was the Wall Street Journal Deal book and this professor from, I believe, Wayne State University, wrote this article about Ruth Madoff getting to keep her penthouse and he suggested that under the anti-racketeering statutes, the government will likely seize [...]
Why the Janet Walsh case is a cautionary tale for Deborah Madoff and other trophy wives
Trophy wives are under siege! And all their earthly possessions could be confiscated when their Wall Street tycoon husbands get busted for fraud. The same is true for ordinary folks who make considerably less than these Wall Street honchos make, btw, but it definitely seems like it is open season on trophy wives. Janet Walsh married a tycoon [...]
Ruth Madoff’s $70 million claim to “separate property”
I knew this was coming I just didn't expect Ira-Genie-in-a-bottle-Sorkin to assert this claim just yet. I expected him to weigh it for a while, spin it around in his head a few months before actually growing enough...how should I say?...enough chutzpah. I didn't think he'd grow enough chutzpah in such a short period of time to put it out there [...]
Loading ...