Category Archives: Articles

Bernie Madoff’s Essential Man

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DiPascali made a phone call, and his staff quickly put together a fake ledger on a computer to reflect the billions of shares the accounts in question supposedly held. But the document, literally hot off the office printer, needed its recent origin disguised. As DiPascali later told the story, he “did a little soft shoe” and chatted to distract the auditor in a conference room while his staff quickly cooled the newly minted ledger in an office refrigerator, then tossed it around “like a medicine ball” to give it the patina of age and hard use. DiPascali handed it over, and the auditor left, satisfied.

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Image: Credit Elizabeth Williams/Associated Press

Madoff Victims, Five Years the Wiser

“…five years later, many of his victims are still waiting to learn if they will recover even a small fraction of the wealth they lost. And some anxious investors, who withdrew much more than they put into their Madoff accounts, are facing lawsuits that seek to reclaim profits that, unknown to them, were paid with stolen money.”

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