Published 2/26/2009
by amy.tennery
at The Big Money
Perhaps Bernie harbored some aspirations for a wrestling career? According to a report from New York magazine's Daily Intel and the New York Times' DealBook , the 17 th -floor offices of Bernard L. Madoff Investment Securities were referred to as "the Cage." Secret meetings (and, we hope, full-contact mixed martial arts competitions) took place there. According to a suit Sen. Frank R. Lautenberg, Democrat of New Jersey, filed against Peter Madoff, "the Cage" qualifies as one of many "red flags" that should have tipped people off to possible fraudulent activity in the offices. Perhaps workers were all a little too roiled up to notice anything amiss ( +3 SPs ).
In silver-lining news, the New York Post reported more on the Bernie domino effect today . Four more alleged Madoff-esque scammers have been revealed: James Nicholson of the Westgate Capital Fund, abysmally bad former hockey team owners Paul Greenwood and Stephen Walsh, and Mark Bloom, a former Greenwood employee. The Post ...
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