Inside the Mad World of Bernie Madoff

cityfile · 01/05/09 09:15AM

Bernie Madoff has been out of sight since a judge confined him to his East 64th Street apartment a couple of weeks ago, but there's been plenty of news to keep Madoff in the spotlight. Today a House panel is addressing why the SEC failed to detect the fraud earlier (particularly since the agency acknowledges it looked into the firm 8 times over the past 16 years), a handful of Madoff victims have come forward in the last week (including hedge fund guru Michael Steinhardt), and the scandal-plagued law firm Milberg LLP now says it's signed up 100 victims as part of a class action lawsuit. The most amusing new Madoff details, though, come from an interview with Julia Fenwick, who worked as Madoff's office manager in London for eight years and was a close friend of Bernie's niece, Shana Madoff. Fenwick says Madoff was "the most anally retentive person I have ever met"—and she's not kidding.

Private Equity Investor Sells, Record Exec Buys

cityfile · 01/05/09 08:31AM

• Christopher Mahan, a managing director at the private equity firm AEA Investors, has sold his 15th-floor apartment at 140 East 63rd Street (left) for $8.4 million. [Cityfile]
• Peter Edge, the president of A&R at J Records, paid $4.4 million for a townhouse at 735 Washington Street in the West Village. [Cityfile]
• Daily Show executive producer David Javerbaum and his wife Debra have lowered the price of their two-bedroom apartment in Chelsea for the second time since listing it in July. It's now on the market for $1.7 million. [NYT, Core]

Recession Squeezes Silicone Spending

cityfile · 01/05/09 08:13AM

If you see fewer frightening cleavages on show this spring, now you'll know why: Fewer New York women are accessorizing their looks with plastic D-cups as they choose to spend money on items more essential than $10,000 breast implants, according to Manhattan plastic surgeons who are complaining about a drop in business. "If the procedure is purely esthetic, it's definitely down," says one doctor. [NYDN]

Happy Birthday

cityfile · 01/05/09 07:33AM

Heiress and social fixture Amanda Hearst turns 25 today. Charlie Rose is celebrating his 67th. Diane Keaton is turning 63. Fashion "expert" Steven Cojocaru is 44. Actor Robert Duvall is 78. Former Vice President Walter Mondale is 81. King Carlos of Spain is 71. Pennsylvania Governor Ed Rendell is turning 65. And Marilyn Manson is celebrating his 40th birthday today.

Sean Avery Goes Solo, Mariah's $ 1 Million Concert

cityfile · 01/05/09 06:55AM

• Start your engines, ladies: Sean Avery and Kelly Klein have split up. [P6]
• Mariah Carey may have collected as much as $1 million to perform three or four songs on St. Barts on New Year's Eve. [R&M]
• Lots of unresolved questions remain concerning the death of John Travolta's 16-year-old son, Jett, last week. [TMZ, NYP, Mirror]
• Get ready to see more of Lourdes Leon: Madonna's 14-year-old daughter has reportedly enrolled in Manhattan's Professional Children's School with hopes of starting an acting career. [Daily Mail]
• The new year isn't shaping up to be much fun for Gwyneth Paltrow. Her new diet bans dairy, gluten, meat, shellfish, nuts, potatoes, condiments, sugar, alcohol, and caffeine. [Telegraph]

Air Force One-Elect Deemed 'Nice Digs,' Wicked Awesome

Ryan Tate · 01/05/09 12:34AM

"David Axelrod, a senior adviser, and Robert Gibbs, the press secretary, were plainly excited at being aboard one of the presidential planes for the first time... [Obama] ordered a cheeseburger, fries and water." [Times]

Becoming A Brand: Pointless

Ryan Tate · 01/04/09 11:41PM

One of the biggest brand-called-you practitioners is calling the whole notion into question. Tech pundit Sarah Lacy publishes in four or five media and wonders what the point is.

How Kennedy Kept Riches Hidden

Ryan Tate · 01/04/09 06:55PM

Future magic unicorn senator Caroline Kennedy was the only New York City employee who got to avoid disclosing her assets when she worked for the schools. That's right: Kennedy was privileged.

Time to Audit Scientology's Anti-Medicine Stance

Owen Thomas · 01/04/09 04:13PM

The tragic death of John Travolta's teenage son Jett could spell the end of Scientology, sci-fi author L. Ron Hubbard's loopy, medicine-hating cult from the 1950s.

How Long Will the Greatest Depression Be?

Owen Thomas · 01/04/09 12:56PM

When does a recession turn into a depression? When economists start getting fired! Since the experts can't even agree on how long this downturn will last, let's hope that starts happening soon.