Madoff enjoyed $50 pedicures, 9.8 handicap, boat called ‘Bull’
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/12/17/art.bernie.madoff.jpg]
By Mark Clothier and Oshrat Carmiel
Bloomberg
Two weeks ago, Bernard Madoff stopped by the Everglades Barber Shop off Worth Avenue in Palm Beach, Florida, for the usual: a $65 haircut, a $40 shave, a $50 pedicure and a $22 manicure.
“For me, he was a gentleman,” said Senio Figliozzi, 72, the owner of the three-seat barber shop who has been cutting Madoff’s hair for the past 17 winters. “What he did outside, it was news to me.”
What Madoff did outside - running an alleged Ponzi scheme that may have bilked investors around the world out of $50 billion - has been the talk of Palm Beach this week. The arrested money manager owns a $21 million home on the Intracoastal Waterway about a mile from the Palm Beach Country Club. He was a regular at the club, where his 9.8 handicap this year has been as steady as the returns he promised investors.
It was those returns that lured Marilyn Lane, 72, and her husband, William, 81, into Madoff’s orbit. The Lanes, who own a Chevrolet and Saturn dealership in Manassas, Virginia, and a place in Palm Beach, invested more than $1 million with Madoff about six months ago.
|
|
Filed under: 360° Radar • Crime & Punishment • Finance |
About this Show:
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with AC361°
Subscribe to the podcast
On Twitter
Search the AC360 blog
I can assure you this jerk has long since established a safe haven for his stolen goods. Off shore accts in different names etc. There is no way this should have taken place.
Of course he did enjoy the high life! Isn't that what greed is all about? We pay baseball players hundreds of millions in contracts, why should business not be the same? Well, one situation is an organization gone wild, whereas the business debacle is clearly the scheme of one or two executive types with an agenda.
Can the court take Madoff's assets and liquidate them to get some of the money back that he stole from his investors? His wife should be left a place to live but the boat and most of the property ought to be sold (if it can be in this market) to help compensate the victims of this fraud. It seems no one was immune from Madoff's larceny – even his sons. The scale of his crime just leaves you in shock.
It seems that Madoff was living it up on the money that he stole! I don't think he'll be liking were he is going next though! The haircuts and manicures are free but not that great! LOL
Cindy...Ga.