Patriarchies

Feds Pursue Madoff's Sons

Bernard Madoff’s sons may not have known about their father’s Ponzi scheme, but that doesn’t mean they didn’t enjoy its fruits: The New York Post reports that federal prosecutors are claiming for the first time tens of millions of dollars that Bernard Madoff lent to his sons—$31.55 million between 2004 and 2008, to be exact—while also targeting real estate investments Ruth Madoff made with the owners of the Mets. The last of the loans to the sons was made two months before Madoff told his sons that his investment business was a Ponzi scheme. Bernard, in an earlier filing, had claimed to have only lent his sons $4 to 7 million.