by Fred Fuld III
The big day is coming up. On December 11, 2018, it will be the ten year anniversary of Bernard Madoff’s arrest for operating the largest Ponzi Scheme in the history of the world. The swindle amounted to around $65 billion including fabricated gains, with thousands of investors being conned.
Many jokes have been made about Bernie Madoff. (He Madoff with your money.)
Numerous books have been written about him, such as The Wizard of Lies, Too Good to be True, and Betrayal. The book Bernard Madoff and His Accomplices: Anatomy of a Con goes into detail about how he worked with his network of accomplices.
Even a TV movie was made about Madoff, and it was called, what else, Madoff. It starred Richard Dreyfuss as the notorious con man.
Madoff collectibles have become hot since his arrest and are still in demand today. Would you believe that in 2010, when his Manhattan penthouse and a Long Island beach house was confiscated by the Federal government, an auction was held with all the contents, including used socks, black velveteen slippers, luggage, T-shirts, and of course, his underpants (he wore boxers, not briefs).
What would the successful buyer do with these pants? I’m trying to get to the bottom of this. I imagine that the buyer would be the butt of many jokes, and would take a lot of ribbing from a smart ass.