crime

Fresh Air for Bernie

cityfile · 01/05/09 01:43PM

A well-rested Bernie Madoff walked out of his apartment building for the first time in two weeks earlier today. The alleged scamster headed downtown for a bail hearing, accompanied by his attorney and a private investigator assigned to protect him. His lifestyle seems to have already been downgraded, alas—the car waiting for him was a four-door Ford Crown Victoria. But Bernie's fondness for shady behavior remains unaffected. Prosecutors ordered the bail hearing because they learned that Madoff mailed more than more than $1 million in jewelry to his sons on Christmas Eve. [FBN, NYP]

There's Always Next Year!

cityfile · 12/31/08 01:31PM

The Dow Jones industrial average will end the year down more than 34 percent, which makes it the worst year for the index since 1931. Just how much money has evaporated? About $7 trillion, which adds up to six years' worth of gains. On a cheerier note, there weren't any murders in Central Park in 2008, although you still have about eight hours or so to change that if you have nothing better to do this evening. [NYT]

A Small Victory for Bernie

cityfile · 12/31/08 11:19AM

Today is the day when accused swindler Bernie Madoff will turn over a list of all his assets to the SEC and detail where the cash he allegedly siphoned off is located. Madoff victims who are hoping to see a little restitution will be pleased to hear that Madoff has an extra $10,000 as of today: The statue that was stolen from his Palm Beach estate last week has resurfaced. It was returned to his property with a note: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by–The Educators." [FINalternatives]

Good News, Bad News

cityfile · 12/30/08 02:28PM

Two more victims of Bernie Madoff's giant Ponzi scheme: Kevin Bacon and his wife, Kyra Sedgwick, reports New York's Daily Intel, news that Bacon's publicist confirmed today. But there's good news for one other Madoff victim: Crain's reports that Yeshiva University, which previously indicated it had lost $110 million as part of the scam, now says it "only" lost $14.5 million, an error the school attributes to "fictitious numbers provided to it by Ezra Merkin."

Blago Appoints Senator!

Pareene · 12/30/08 01:02PM

Hahahaha criminal Illinois governor Rod Blagojevich has exercised his right to make an appointment to the US Senate.

Something New to Worry About: Dognappings

cityfile · 12/29/08 03:08PM

The current issue of The New Yorker has the details on the frightening surge in dognappings on the Upper West Side: "There's a two-man team, with one in a gray hoodie on a bicycle who comes by and slices the leash with a razor, then goes away with the dog. The other guy calls you up later on and says, 'Hey, I found your dog! What's it worth to you?'" Sounds horrifying, yes, but don't get too panicked just yet. Although versions of the story have been circulating for weeks, the 20th Precinct on the UWS has yet to receive a single report from a dognapping victim. Or a dognapping victim's owner, at least. [NYer]

A Few Highlights from the Madoff Collection

cityfile · 12/29/08 11:21AM

The Monday Morning Madoff Update

cityfile · 12/29/08 06:28AM

• Lawyers for Madoff may be planning to mount an insanity defense if the case goes to trial. [NYDN]
• Madoff has until Wednesday to provide a list of all investments, loans, lines of credit, brokerage accounts and other holdings to the SEC. [Bloomberg]
• In the meantime, forensic accountants are looking into whether Madoff sent large sums of money to offshore accounts in places like the Caribbean. [Guardian]
• Not surprisingly, l'affaire Madoff should keep a long list of lawyers very busy for a very long time. [NYP]
• Although Latin Americans are believed to have been big losers in Madoff's scheme, very few have come forward to acknowledge the losses. [WSJ]
• A burglar stole a $10,000 statue from Madoff's Palm Beach estate. [NYP]
• Bernie Madoff's most famous neighbor, Matt Lauer, isn't so thrilled by the reporters camped outside their building on East 64th Street. [P6]