Bernie Madoff: Won’t You Be My Neighbor?
Source: The Economist
Now that the name Bernie Madoff is mud in New York city, he could be looking for a new spot to lay his sleepless head at night. You could possibly be grunting ‘good morning’ to Madoff when you pick up your morning paper off of your welcome mat according to TBM News.
A source at a Harlem real estate brokerage firm told TBM News that they had received confidential inquires from a member of the Madoff family in regards to finding a new home for Bernie while he awaits trial. Although no deal has yet been struck, Madofff, who is practically broke, is looking to move uptown and cut expenses by leasing a 1500 square foot apartment around 124th Street and Malcom X in order to save some money to pay his lawyer, who it turns out according to newly released documents is also one of his fraud victims. Despite the large number of people Bernie ripped off, Harlem may actually be a safe haven for him, as there’s a good chance that none of the residents in his new hood were investors.
I don’t know about you but Harlem has been cleaning up its reputation and the last person we need running the streets is Bernie Madoff. Though this could totally be speculative, we know that stranger things have happened. If you do find yourself living next door to him I suggest that you don’t let him “hold a dollar for you.”
What do you think?
D. Bell
Dee Bell is a freelance writer and the founder of Uptownflavor, Harlem's premier online lifestyle destination since 2006.
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Give me a break here. Most of the big dollar private investors who threw their ill gotten millions at me did so because they didn’t NEED that much ‘cash’ lying around and in return I gave them what they WANTED, ie higher than average interest. How was I to know they would all want their money back at the same time – something which is a problem for even the biggest financial institutions!
Most of the money (probably 90%!) I received over the years had merely been obtained by gross profiteering, deception, scheming and trickery in the first place, so what goes around, comes around.
I’ve lived the life of a Czar for 40+ years on money mostly generated by dubious means so I hold NO guilt whatsoever. NONE.
Most big $ investors were simply schmucks who liked to believe they had the inside running – that I had special, magical expertise/inside ‘Wall St’ knowledge to give them some kind of financial advantage over the Goyim.
Oy Vey – what fools. They make the Goyim look like EINSTEIN!
Didn’t any of them get the message when I named my French Riviera based yacht – ‘BULL’?
Watch also the current video clip where I say – ” ..an advantage to one person is a disadvantage to another”
They didn’t pick up on that either?
Don’t you see? – it was all simply a JOKE!
The small guy and some of the genuine charities can maybe apply for a Fed bailout since everyone else seems to be getting one!
That’s all Folks!
The residents of Harlem were indirectly impacted by the Madoff scheme because they belonged to pension plans that had invested monies with Bernie’s company.
“Despite the large number of people Bernie ripped off, Harlem may actually be a safe haven for him, as there’s a good chance that none of the residents in his new hood were investors.”
That is a presumptuous statement. But if you want to think everyone in Harlem is broke, take into account that many of Bernie’s clients were charities. There is a good chance some of the residents in his new hood were affected by his scam.