NEW YORK: The Madoff Client List of Divorces: Did the Ponzi King wreck these marriages?

Did Bernie’s ponzi scheme put these marriages in divorce’s way? Poor Bernie Madoff. He’s getting blamed for everything, including people’s bankrupted marriages. No fair! The man may have tried some creative accounting and investing acrobatics which have now plunged him into a septic tank of trouble, but is it really his fault that your marriage … Continue reading “NEW YORK: The Madoff Client List of Divorces: Did the Ponzi King wreck these marriages?”

Mark Madoff’s first divorce reveals…(with suicide update)

Mark Madoff’s divorce and suicide Mark Madoff,eldest son of Bernie (“Ponzi”) Madoff, was worth $8 million dollars back in 2000 when he divorced his first wife Susan. This according to Greenwich Roundup.  But why does this matter? He is now happily remarried to one Stephanie Mikesell and they run a tax exempt foundation or two. … Continue reading “Mark Madoff’s first divorce reveals…(with suicide update)”

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 too debonair these days. I was … Continue reading “NEW YORK: Is Mark Madoff getting divorced? Or is he just losing his swagger?”

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 … Continue reading “NEW YORK: Bernie Madoff’s $250,000 pay off to secretary to hush adultery?”

Hey Ruth Madoff, forced to sell the marital residence? Why don’t you…

It’s worse than if she is getting divorced or if she’s been widowed. The topper insult is that Ruth will have to sell the marital residences  give the residences to the Feds who will sell them and divvy the proceeds amongst investors. It’s a glorified receivership like what happens in some divorces where the property … Continue reading “Hey Ruth Madoff, forced to sell the marital residence? Why don’t you…”

Ruth Madoff downsizes to $2.5 million settlement with Feds

RUTH MADOFF’S DIVORCE SETTLEMENT HAS BEEN FINALIZED Wife of infamous Wall Street ponzi schemer Bernie Madoff has agreed cut a deal with federal prosecutors according to Reuters. Instead of pursuing claims that she is entitled to about $70 million in assets from her “marital estate” she will give up all claims to all but $2.5 million … Continue reading “Ruth Madoff downsizes to $2.5 million settlement with Feds”

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 … Continue reading “FBI charges Pang with fraud: Was Janie Pang planning to divorce husband Danny Pang b4 murder?”

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 … Continue reading “With Bernie Madoff forced into bankruptcy what will Ruth do to get her “alimony””

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.) … Continue reading “Peter & Marion Madoff on estate planning for the savvy divorcee”

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 … Continue reading “Ruth Madoff on how to get a fake divorce”

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 … Continue reading “Is Ruth Madoff shopping for a divorce lawyer?”

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 Myerson).  Laura … Continue reading “Renegotiating your divorce settlement: What UK’s Brian Myerson and Madoff’s Steven Simkin teaches us”

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 … Continue reading “NEW YORK: If Ruth did divorce Bernie, what is the value of the marital assets she wants a piece of?”

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 … Continue reading “GUILTY! JAIL! Madoff enters guilty plea and is carted off to jail. Can Ruth sue her husband for wasting marital assets?”

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 that the asset to be … Continue reading “Ruth Madoff on how to look like a complete idiot in front of a divorce judge”