Bintel Blog

Inside Madoff's 'Penthouse Prison'

By Allison Gaudet Yarrow

  • Print
  • Share Share

On Friday, the ABC News show “20/20,” aired videos of a polo shirt-clad Bernard Madoff, holed up in his Upper East Side “penthouse prison” — using his MacBook laptop computer, a bottle of sparkling water at his side.

In the segment, former Madoff employee Nader Ibrahim said Madoff’s sons and brother ran the business while Madoff traveled the world for months at a time via private jet. This statement contradicted Madoff’s account that he acted alone in perpetrating the multibillion-dollar fraud of which he stands accused.

Also on Friday, Irving Picard — the court-appointed trustee responsible for liquidating the assets of Madoff’s company — spoke before a group of Madoff investors in Manhattan. The New York Times reported that Picard told the group of creditors that there is no known documentation that, during the 13 years leading up to Madoff’s arrest, the trader bought or sold any of the securities or Treasury bills reflected on clients’ statements.


Permalink | | Share | Email | Print | Filed under: Bernard Madoff, Allison Gaudet Yarrow, ABC News, Irving Picard

The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.




Find us on Facebook!
  • Kosovo's centuries-old Jewish community is down to a few dozen. In a nation where the population is 90% Muslim, they are proud their past — and wonder why Israel won't recognize their state. http://jd.fo/h4wK0
  • Israelis are taking up the #IceBucketChallenge — with hummus.
  • In WWI, Jews fought for Britain. So why were they treated as outsiders?
  • According to a new poll, 75% of Israeli Jews oppose intermarriage.
  • Will Lubavitcher Rabbi Moshe Wiener be the next Met Council CEO?
  • Angelina Jolie changed everything — but not just for the better:
  • Prime Suspect? Prime Minister.
  • Move over Dr. Ruth — there’s a (not-so) new sassy Jewish sex-therapist in town. Her name is Shirley Zussman — and just turned 100 years old.
  • From kosher wine to Ecstasy, presenting some of our best bootlegs:
  • Sara Kramer is not the first New Yorker to feel the alluring pull of the West Coast — but she might be the first heading there with Turkish Urfa pepper and za’atar in her suitcase.
  • About 1 in 40 American Jews will get pancreatic cancer (Ruth Bader Ginsberg is one of the few survivors).
  • At which grade level should classroom discussions include topics like the death of civilians kidnapping of young Israelis and sirens warning of incoming rockets?
  • Wanted: Met Council CEO.
  • “Look, on the one hand, I understand him,” says Rivka Ben-Pazi, a niece of Elchanan Hameiri, the boy that Henk Zanoli saved. “He had a family tragedy.” But on the other hand, she said, “I think he was wrong.” What do you think?
  • How about a side of Hitler with your spaghetti?
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.