crime

Executive Stages Plane Crash, Fails To Fake Death

Ryan Tate · 01/13/09 06:54AM

Marcus Schrenker is surely one of the most memorable villains to emerge in the financial crisis: The "wealth management" advisor is believed to have crashed an airplane to fake his own death.

L.A.: Dangerous Place

Hamilton Nolan · 01/12/09 05:49PM

Bizzy Bone, of Bone-Thugs-n-Harmony, was choked, beaten, and robbed for his jewelry in LA. By an anti-gang outreach worker. [LAT]

Madoff's Fate to Be Decided Shortly

cityfile · 01/12/09 08:36AM

• Will Bernie Madoff sleep in his bed tonight? Will he sent to jail for violating the terms of his bail? Judge Ronald Ellis will answer the question in the next few hours, but if you're dying to find out Bernie's fate the minute it happens, you can tune into Fox's live feed from outside his apartment building. [Bloomberg, Fox]
• In other Bernie-related news, it turns out that Bernie's sister was a victim of the scheme, too. She lost $3 million that she invested with her brother and is now "desperately" trying to sell her Palm Beach home. [NYP]
• Madoff has yet to apologize to his victims, but the Times reports that Bernie did issue regrets to his neighbors for the "terrible inconvenience" he's caused them in recent weeks. He also thanked them for their support, although it's unclear who exactly these supporters are. [NYT]

Madoff Scammed Own Sad Sister

Ryan Tate · 01/12/09 05:18AM

Bernie Madoff squandered $3 million of sister Sondra's money, so the 74-year-old must sell her $900,000 Palm Beach home. Maybe she could try the newly-popular local pawn shop.

Ten Years for Lillo

cityfile · 01/09/09 12:47PM

Lillo Brancato Jr., the former Sopranos actor who was cleared of murder last month in connection with a botched burglary in 2005 that left an off-duty police officer dead, was sentenced to 10 years in prison today for attempted burglary. [NYT]

Ponzi Mastermind at Play

cityfile · 01/08/09 02:02PM

The New York Times reports video of Bernie and Ruth Madoff "lounging on their yacht, visiting a winery and relaxing in an upscale hotel in San Tropez [sic] in southern France" will air on Fox Business News tonight at 7pm. In totally unremarkable news, it also seems reporters at the Times don't spend much time visiting luxe French resort towns. [NYT/Dealbook]

Magnanimous Madoff

cityfile · 01/08/09 01:51PM

Prosecutors say that Bernie Madoff had 100 signed checks worth $173 million in his office desk—ready to go to family and friends—when he was arrested on December 11. We're going to go ahead and assume they were from Deluxe's "Tropical Breeze" series, but if you know otherwise, please let us know. [NYDN]

Nevan Donahue's Brush with the Law

cityfile · 01/08/09 08:43AM

As Page Six reported this morning, Nevan Donahue, the sexually ambigious regular on The City whose big claim to fame in life is that he's Olivia Palermo's cousin, was arrested for soliciting a prostitute in Palm Beach in 2007. Click on the photo to see his mugshot and booking sheet. And keep in mind that there's still a warrant out for his arrest, so if you spot him out and you feel like taking justice into your own hands and snapping cuffs around his wrists, you can be assured the gratitude of the Palm Beach Police Department. [HuffPo]

Guy Ritchie Superfans Pull Jewelry Heist

Hamilton Nolan · 01/07/09 05:47PM

Two robbers ripped off Snatch and stole millions in diamonds by disguising themselves as Hasidic Jews. New folk heroes? The next Somali pirates? No, way too derivative, dudes. Recreate Usual Suspects and we'll talk.

Financier's Life Becomes Crazy Spy Movie

Hamilton Nolan · 01/07/09 10:50AM

Movie idea: the daughter of Jewish refugees flees Europe for Wall Street, strikes it rich, gains billionaire mobster clients, but is then forced into hiding by a deal gone wrong. Bonus: it's a true story.