Bernie Madoff’s Arrest Anniversary and His Underpants

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 stock confirmation

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.

 

Why You Should Buy Fake Dirty Underwear

by Fred Fuld III

It is summer time when you do some traveling and are concerned about where to hide your money and valuables to keep them safe from burglars, whether at home or in a hotel. Many articles describe where you should and shouldn’t store treasures. Places of where you should not keep you valuables include your top dresser drawers, drawers in your nightstands, backs of closets, cookie jars, under your mattress, in the toilet tank, etc. Some experts recommend leaving burglars a ‘tip’; in other words a small amount of easily found cash so the burglars find it and leave without spending any more time looking.

Here is one anti-burglar tip suggestion I have that you may not be aware of. Gather up any old coins laying around that aren’t worth much or even not worth anything above face vale, but just look old. Put them in a box, put a label on it that says ‘coin collection’ and keep it in the top drawer of your chest of drawers. Keep your real coin collection in your safe deposit box, or if you must keep it at home, keep it in a place that is not obvious.

Let me tell you NEVER where to hide stuff. Never, ever store valuables at the bottom of a waste basket. The burglars may never look there, but you can be sure that at some point in the future, either you or a family member will accidentally throw out your valuables with the trash. [I am writing from personal experience. Fortunately, I was able to retrieve what was emptied before it was picked up by the trash collector.]

So what does all this have to do with dirty underwear? There is an interesting item called The Brief Safe and looks like dirty underwear with a place in it to conceal money, passports, credit cards, jewelry, memory cards, documents, and other valuables. The hidden compartment closes with Velcro. It even comes with its own stains to provide a major deterrence. I’ve given one away as a gift, and it was a hit.Have a happy, safe and secure vacation!