bernie-madoff
Once Rich, Swindler Marc Dreier Now Sells Piss Poor Excuses
Andrew Belonsky · 10/04/09 08:52PMI Am Slightly Underwhelmed By Lindsay Lohan's Paris Fashion Week Debut
Foster Kamer · 10/04/09 10:30AMMadoff Trustee Closes Out the Week with a Bang
cityfile · 10/02/09 01:11PMWhen Irv Picard makes a promise, he keeps it. A few days ago, the trustee overseeing the Madoff mess said he planned to file a lawsuit against several other members of the Madoff clan—including Bernie's brother, two sons, and niece—for treating the family firm like a "piggy bank." And today he delivered, filing an action in federal bankruptcy court seeking the return of $199 million.
Madoff's Day Off
cityfile · 09/29/09 09:16AMSo did Bernie Madoff attempt to atone for his sins on Yom Kippur yesterday? That's hard to say, although prison officials say they did give him the chance to take the day off from his usual work detail: "Prison officials would not say if Madoff, serving a 150-year sentence, took advantage of the day off on the holiest day of the year in the Jewish faith or whether he participated in an evening prayer session with other Jewish inmates on what is a day of atonement and repentance." [ABC News]
Badass Trustee to Madoff Fam: 'Give It All Back'
Hamilton Nolan · 09/28/09 08:01AMMore Madoff Suits on the Way
cityfile · 09/28/09 07:30AMThe Madoff show goes on. In an interview that aired on last night's 60 Minutes, court-appointed trustee Irving Picard said he plans to file a civil suit against Bernie sons, Mark and Andy, this week which will seek the return of $198 million. And just so no one in the immediate family feels left out, he'll be suing Bernie's brother Peter and niece Shana, too. [Dealbook]
Bernie Madoff Portrait Needs New Home
cityfile · 09/23/09 10:56AMWe really can't imagine why, but Bernie Madoff's old assistant, Eleanor Squillari, has decided to auction off a portrait of Madoff that the fraudster gave her as a gift back in the late '80s. (Squillari mentioned the photo in the June issue of Vanity Fair: "Once, he gave me a picture of him taken by Karsh, the famous Canadian photographer, saying, 'Here, hang this over your bed.'") It's estimated to sell for between $3,000-$5,000. But hurry up! Bidding ends tomorrow. [Artnet via Dealbreaker]
Madoff Victim List Cut in Half
cityfile · 09/23/09 08:27AMYou probably assumed that anyone who had the misfortune to entrust their money to Bernie Madoff lost their shirts, right? Not quite. Only about half of his clients lost money when you account for how much cash they withdrew from their accounts during the same time period, say prosecutors. Does this mean prosecutors might now consider cutting Madoff's jail sentence in half? We're guessing the answer is "no," but we thought we'd throw it out there. [NYDN]
Madoff Beach House Sells Big Time
Hamilton Nolan · 09/17/09 01:05PMMadoff's Montauk House Sells
cityfile · 09/17/09 08:44AMBernie Madoff's home in Montauk, which went up for sale two weeks ago, has found a buyer. ABC News reports the beachfront home has been sold to an unidentified person in an all cash deal "over the asking price," according to Joan and Raymond Hegner of the Corcoran Group. Interest in the fraudster's property was "fast and furious," say the brokers. Maybe it was it the water pressure that sealed the deal? [ABC News, previously]
Price Cut at Carhart Mansion; Hedgie Buys at 885 Fifth
cityfile · 09/15/09 07:15AM
• Corrugated cardboard magnate Dennis Mehiel has chopped $5.4 million off the price of his Carhart Mansion duplex (left). The 10,350-square-foot spread, which had been listed for $34.9 million, can now be yours for a much more modest $29.5 million. [NYO, BHS]
• Michael Steinberg, a portfolio manager at Sigma Capital, a hedge fund affiliated with Steve Cohen's SAC Capital, has picked up a new apartment. Steinberg and his wife Elizabeth paid $8 million for a penthouse at 885 Park Avenue. [Cityfile]
• Clara Markowicz, co-founder of Original Media LLC and a co-producer of The Rachel Zoe Project, has paid $3.55 million for a three-bedroom, ninth-floor apartment at 21 Astor Place, the building where real estate scion Jared Kushner recently picked up an apartment, too. [Cityfile]
Bernie Madoff's Palm Beach Hideout
Hamilton Nolan · 09/11/09 11:32AMGisele Wants Out on Barrow Street
cityfile · 09/11/09 08:00AM
• Gisele Bundchen red-brick townhouse in the West Village is up for sale. The supermodel paid $5.8 million for 42 Barrow Street in 2005. (She bought the home under the name Casa Vida LLC; "Vida" also happens to be the name of her dog.) Now it's been listed with Prudential Douglas Elliman's Raphael De Niro for $13.95 million. [NYO]
• Eve Weinstein, the ex-wife of producer Harvey Weinstein, has gone into contract to sell her sixth-floor apartment at 1133 Fifth. The four-bedroom spread, which first hit the market in December 2008 for $13.5 million, had been listed most recently for $11.9 million. [Cityfile, Sotheby's]
'If I Get Any More Solicitations For Charity, I'm Going to Kill Myself.'
Hamilton Nolan · 09/10/09 08:27AMApollo Exec Buys Village Townhouse
cityfile · 09/10/09 07:51AM
• Joseph Azrack, the former head of Citigroup's real estate investment group and now a partner at Leon Black's Apollo Management, has picked up the townhouse at 24 West 11th Street. The 6,250-square-foot property (left), which first went on the market last September for $17.5 million, had been listed most recently for $14.9 million. (Curbed has photos and a floorplan here.) [NYP]
• Tony Margolis, who retired as CEO of the Tommy Bahama Group in 2008, has dropped the price of his eighth-floor apartment at 1010 Fifth Avenue for the third time since listing it in January 2008 for for $11.995 million. The three-bedroom co-op can now be yours for $9.95 million. [Cityfile, Sotheby's]
• Nancy Rutter, a former reporter for Forbes and the ex-wife of Netscape co-founder Jim Clark, has paid $3.55 million for a penthouse apartment at 230 East 73rd Street. [Cityfile]
Madoff's Penthouse: The Government-Sponsored Tour
cityfile · 09/09/09 11:03AMBernie Madoff's Penthouse Prison
Hamilton Nolan · 09/09/09 08:34AMRuth Madoff Wants Her Rebate
cityfile · 09/08/09 12:32PMA few weeks ago, Ruth Madoff received a property tax rebate from Palm Beach County for $13,821.74. The problem: The check was made out to both Ruth and Bernie, and since cashing it would have required her to deposit it into their joint account—which is frozen—Ruth wrote a letter to the agency asking that it be reissued in her name only. Was this just one more attempt to avoid turning over the cash to the authorities? That's what some people are suggesting! [NYDN, Palm Beach Post]
Jennifer Esposito Lists on East 10th
cityfile · 09/08/09 07:28AM
• Jennifer Esposito is looking to sell in the Village. The actress has put her one-bedroom apartment at 23 East 10th Street on the market, along with the one-bedroom co-op she owns upstairs. The two apartments, which Esposito once planned to combine into a duplex, are currently listed for a combined $1.435 million. [NYM, MDNY]
• Peter Buffett, the son of Warren Buffett, and his wife Jennifer have closed on the purchase of a condo at One Madison Park. The couple paid $3.5 million for the three-bedroom pad. [Cityfile, previously]