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The Madoffs' Amex Bill
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Bernie Madoff's family may not have known about his Ponzi scheme, but they sure reaped its rewards: According to court records, Bernie Madoff’s relatives and employees routinely charged tens of thousands of dollars a month on his corporate American Express account. The New York Post reports that Madoff’s son, Mark, racked up nearly $81,000 in charges in July 2008, with more than $77,000 going into charter flights. Big-ticket items purchased by the high rolling family include $2,000 dropped at the Giorgio Armani store in Paris by the ponzi schemer’s wife, Ruth. Son Andrew went on a shopping spree at a Polo Ralph Lauren store in June 2008, spending almost $2,400 in a single visit. 18 people held cards for the corporate account, most of them firm employees, except for sister-in-law Marion Madoff, daughter-in-law Deborah West Madoff, and the captain of Madoff's yacht, Richard Carroll. Bernie’s sister-in-law’s name actually appears in the company’s payroll, with an annual salary of $163,500, although there is "no evidence," according to the records, that she did any work for the company.
Splash News
Bernie Madoff's family may not have known about his Ponzi scheme, but they sure reaped its rewards: According to court records, Bernie Madoff’s relatives and employees routinely charged tens of thousands of dollars a month on his corporate American Express account. The New York Post reports that Madoff’s son, Mark, racked up nearly $81,000 in charges in July 2008, with more than $77,000 going into charter flights. Big-ticket items purchased by the high rolling family include $2,000 dropped at the Giorgio Armani store in Paris by the ponzi schemer’s wife, Ruth. Son Andrew went on a shopping spree at a Polo Ralph Lauren store in June 2008, spending almost $2,400 in a single visit. 18 people held cards for the corporate account, most of them firm employees, except for sister-in-law Marion Madoff, daughter-in-law Deborah West Madoff, and the captain of Madoff's yacht, Richard Carroll. Bernie’s sister-in-law’s name actually appears in the company’s payroll, with an annual salary of $163,500, although there is "no evidence," according to the records, that she did any work for the company.
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