Madoff’s Sexual Past Revealed In Excruciating Detail

Aug 20 2009 | 12:15pm ET

When it comes to convicted Ponzi scheme mastermind Bernard Madoff, the term “unfaithful” apparently doesn’t nearly do justice.

The $65 billion fraudster carried on a number of extramarital affairs, according to The Daily Beast, only one of which has so far been turned into a tell-all book. But another new book, Jerry Oppenheimer’s Madoff With the Money, backs up the Web site's claims.

“He had affairs in the office,” a female Madoff employee told Oppenheimer, according to the New York Post. “There were two women I know of. They were gorgeous. They were blond. They were young. They were like baby Ruths—the same type as Ruth, with the same hair color and eye color.”

But even that wasn’t enough for Madoff, who has been married to his wife, Ruth, for 50 years.

Madoff was also an aficionado of massage parlors, where, the Daily Beast reports, the masseuses would perform sexual favors for him. His long-time secretary, Eleanor Squillari, told Vanity Fair that his address book had about a dozen numbers for masseuses.

“He had a tremendous libido, like so many men in power,” the Daily Beast’s source said. “He told me Ruth just couldn’t satisfy it. I suppose no woman could.”

A tremendous libido, perhaps, but according to the whistleblower on Madoff’s infidelities, not much else earned the superlative.

Sheryl Weinstein, the jilted Madoff investor whose book promises to tell us more about the man than we ever wanted to know, tells us, well, more than we ever wanted to know.

“Bernie had a very small” you-know-what, she writes in Madoff’s Other Secret: Love, Money, Bernie, and Me, which is due to hit finer bookstores everywhere next week, a fact which “clearly caused him great angst.”

Despite that handicap, Madoff was “irresistible to women,” Squillari said. Which is just as well, because he, of course, “had a roving eye.”

Sheryl Weinstein's new book that details her affair with Madoff.Sheryl Weinstein's new book that details her affair with Madoff.

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of