Love triangle, G-strings and black ebook of escorts: Bernie Madoff flaunted ‘tradition of sexual deviance’
Bernie Madoff, the mastermind behind the largest investment scam in US history, died last month at the age of 82 on a 150-year prison sentence.
Madoff ran an extensive Ponzi program in the early 1970s that, according to prosecutors, cheated thousands, including many of the elderly, of their savings. When Madoff was arrested in December 2008, he had defrauded up to 37,000 people in 136 countries of up to $ 65 billion. He pleaded guilty in 2009. His request for release as part of the coronavirus pandemic, which has left him with end-stage kidney disease, has been denied.
His immediate cause of death last week was high blood pressure, atherosclerotic cardiovascular disease and chronic kidney disease. His kidneys had failed for the past eight years. He was cremated in North Carolina after he died on April 14 while serving prison term. He said his dying desire is to be reconciled with his grandchildren and explain his actions. “You know there has not been a day in prison that I did not feel guilty for the pain I inflicted on the victims and my family,” he told the Washington Post in 2020.
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Bernie’s ‘love triangle’
Financier Bernard Madoff leaves Manhattan Federal Court on March 10, 2009 in New York City (Getty Images)
Not only did Madoff cheat his customers out of millions, he was also reportedly unfaithful to his wife, Ruth. Back in 2013, court files were filed in the case of five former Madoff employees accused of helping the scammer with his multi-million dollar Ponzi program. The documents showed that Bernie was involved in a “love triangle” with one of the defendants and had sexual problems with a number of employees, customers, expected witnesses and defendants prior to his arrest.
“One of the defendants found himself in a love triangle with Bernard Madoff,” said a report in the New York Daily News. However, it was unclear whether Bernie was having an affair with ex-secretary Annette Bongiorno, clerk Joann Crupi, or the wife of one of the other Madoff Securities employees indicted in the indictment. “The government investigation has revealed that during the decades of fraud alleged in the indictment, a number of Madoff Securities employees and customers – including expected witnesses, defendants, and others – were involved in romantic or sexual relationships,” the papers explained were filed by the prosecutor in the case against the five workers.
Sheryl Weinstein and his other friends
Fraudulent financier Bernard Madoff’s wife, Ruth, leaves the Metropolitan Correctional Center after visiting her husband in jail in New York City on June 1, 2009 (Getty Images).
When it came to his personal life, Bernie loved being king size, and that included indulging in multiple sexual contacts outside of his marriage. In 2009, Sheryl Weinstein, an accountant and investor who worked with the schemer, wrote a scrapbook about her alleged affair with the shamed financier, even calling him “not well endowed”. But she wasn’t the only one he had an extramarital relationship with in his life.
According to the Daily Mail, a lawsuit filed in a state court in 2009, Bernie was labeled the head of an animal shelter with a “culture of sexual deviance” in which waitresses dressed only in G-strings for drug-powered parties. “Madoff’s affinity for escorts, masseuses and attractive female employees was known in the office culture, and certain feeders were allowed to participate in the behavior,” said the court documents filed by investor Jay Wexler in 2009 against JP Morgan and other banks.
The suit added that Bernie had an affinity with escorts and kept a list of sexy masseuses in a little black book. He also had a habit of sending two “tough guys” to Harlem to get drugs for the office tricks. “Office drug use has been described as widespread,” and former employees likened it to the “North Pole,” referring to the incredible amounts of white cocaine available, the suit said. “The employees had nightly affairs in exciting places – like on their boss’s sofa, whoever they could find it with,” added the Wexler suit.
A picture of the building that houses the Bernard L. Madoff Investment Securities investment business in New York City on December 12, 2008 (Getty Images)
Bernie also reportedly had a number of masseuses who appeared to not only give him massages but were also willing to give him sexual favors, a federal source told The Daily Beast. “He had tremendous libido like so many men in power,” added the source. “He told me that Ruth just couldn’t satisfy it. I suppose no one could,” the insider said. Another person investigating Bernie’s affair said one of the friends was so devastated by his deep infidelity that she moved to London. “He told her lies that she discovered later, including his declarations of love for her,” the source said.
Ruth Madoff found his flirtation “irritating”
Ruth Madoff had been with Bernie since she was 13 and, according to the book, it was difficult for her to part with him even after the conviction. But she always suspected her husband’s loyalty.
The medical examination unit is unrolling the body of Mark Madoff, the son of Bernard Madoff, who was found dead on December 11, 2010 at 158 Mercer Street in New York City (Getty Images).
Ruth was always vigilant when her husband spoke to a woman. “She would be around right now even if he was trying to get a client. He had a habit of snuggling up to potential female investors. He would use a soft kind of sexy voice and say something like ‘Don’. Don’t worry, I’ll be there for you. You will never have to worry. ‘It irritated Ruth, “said a friend. But whenever she raised the problem of his loyalty, Bernie responded desperately, trying to gain her confidence, and let her go with her wherever she went. “He was highly motivated to make sure she thought he loved her,” said the friend.
One of the reasons the two were so involved was because he wanted to keep them from wandering around. He couldn’t afford her to confide in anyone about his business. I don’t think he ever gave any of his lovers any hint of his Ponzi scheme – “However, in the end she was deeply upset when revelations about his infidelity surfaced. She once said that.” In her mind she was “alienated” from him.
The fall of the Bernie Madoff empire took its toll on his family. The eldest of his two sons, Mark Madoff, died of suicide on the second anniversary of his father’s arrest in 2010. His other son Andrew died of cancer in 2014 at the age of 48. Ruth, who was deprived of all assets after her arrest, ceased to visit him in prison and cut off all forms of communication with him. However, he continued to write to her and emailed her.
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