Wednesday, 1 October 2014
Last updated 5 hours ago
Dec 31 2008 | 1:09pm ET
Ok, we admit it is a slow news day, so here it goes. According to a police report, the lifeguard statue stolen from the Bernard Madoff estate last week has been recovered.
The statue was found by two pest control workers this morning.
A note attached to the statue read: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by–The Educators."
Local news station WPTV is on the scene at the Madoff estate in Palm Beach with updates (proof that it is a slow news day).
In case you haven’t heard, Madoff is accused of running a $50 billion Ponzi scheme, which has claimed dozens of hedge funds and celebrities, including Footloose star Kevin Bacon, as victims.
The 4-foot-high statue worth more than $10,000 was stolen from Madoff’s estate eight days after he was arrested in New York in connection with operating the $50 billion Ponzi scheme.
Madoff has been freed on $10 million bail, but is under house-arrest at his Manhattan apartment, a move that has many of Madoff’s alleged victims extremely irate.
Madoff is scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. He can now add the copper statue to that list.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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