|  | | 2008 News and Press Releases | | |
HEADLINE NEWS:
Madoff Enjoyed $50 Pedicures, 9.8 Handicap, Boat Called ‘Bull’
Mark Clothier and Oshrat Carmiel
Bloomberg. December 17, 2008
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EXCERPT: 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. […] 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. “He certainly had a track record,” Lane said at Green’s Pharmacy and Luncheonette, a popular Palm Beach breakfast and lunch spot. “Everyone you spoke to highly recommended him. It wasn’t like you were going with a fly-by-night scheme. You think.” Many of those who gave their money to the 70-year-old Madoff say the same thing: He was gregarious, generous and highly regarded -- all excellent qualities for an alleged con man. Whether they met him at the Palm Beach Country Club or in Montauk, Long Island, where he owned a beachfront home, or in New York, where he lived with his wife, Ruth, in a duplex on East 64th Street, most were impressed with his credentials and his manner. “He’s very personable, very charming,” said Jerry Reisman, an attorney in Garden City, New York, who recalls meeting Madoff five or six years ago at the Glen Oaks Country Club, a golf course in Westbury, New York. |
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