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NOVEMBER 2009
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Downward Mobility

The Madoff Lifestyle

CS - Madoff
AP Photo

So what, exactly, was Bernard Madoff doing with all the money he allegedly filched from his investors? He was a regular patron at the Everglades Barber Shop in Palm Beach, where he owned a $21 million home. Among his services there were a $65 haircut, a $40 shave, a $50 pedicure, and a $22 manicure. When he dined at The Palm, a Palm Beach institution, he insisted on sitting at the front. He played golf at the Palm Beach Country Club—he was a 9.8 handicap—and also owned a 55-foot wooden fishing boat. In Manhattan he lived in an Upper East Side apartment he bought for $3.325 million in 1990. His wife, Ruth, in her free time, co-edited a cookbook in 1996 called The Great Chefs of America Cook Kosher that featured recipes from the likes of Daniel Boulud and Wolfgang Puck.

Posted at 2:21 PM, Dec 17, 2008
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Comments ()
my2cnts

he bought houses, boats years ago... and they weren't that expensive, relatively speaking... where does he have his cash stashed??..... in swiss bank accounts??

... and how do swiss bank accts work.. if you commit a crime, can they be taken over??

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4:55 pm, Dec 17, 2008
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