Tuesday, December 23, 2008

Bernie Madoff, Mob Ties?

This is a reposting of a post by a member of abovetopsecret.com.

As I've been rather preoccupied with the madoff mess thanks to my connection to this via clients who've been bilked, I have spent quite a bit of time trying to find information on the case and on some of the players I've had contact with. My clients' family dealt with Frank Dipascali. He was their investment manager. In other words, they were being swindled by Madoff's right hand man. So, I did some digging on this guy who has been evasive with the feds so far. He's lawyered up and hasn't been saying much of anything yet, when anyone asked, they'd say nothing happened without talking to Frank first. Frank and Bernie controlled access to the 17th floor. The 17th floor was the floor where Bernie and Frank and 8 others worked. Everyone there was related to Madoff, except Frank. Odd, right?
Well, here's an interesting blog that might shed some light on it.
"Frank pushes phony equities and his wife writes worthless mortgages"

The checks my clients received from Madoff over the years were drawn on a chase account. Frank's wife worked at chase.
Frank's wife is from Howard Beach, New York. This is one of those areas where there's a heavy mafia residence. Is it possible that Madoff was in with the Mob?
The blog linked above raises some rather interesting points.
The US Attorney General removed himself from the case as his son, Marc Mukasey, was representing DiPascali. Marc Mukasey and his dad have very close ties to Rudy Giuliani. Rudy was well known as the man who went after the mob when he was in the US Attorney's office. Giuliani was, publicly, a mob enemy but, is it possible, he was connected to the mob?Rudy's business partner and former top NYC cop, Bernard Kerik, has been linked to the mob and has fallen from grace, taking "gifts" from a jersey construction company among his many crimes. Then there's this blog regarding Rudy and a slip-up regarding his "family."
Sure, it's reaching but, given the history of the mafia in NYC, is it not possible that Rudy was connected and his long time friends the Mukaseys are also connected, thus, Marc Mukasey is representing mob connected Frank DiPascali?
It wouldn't surprise me one bit to see the mafia linked to this. They've been linked to wall street scams for years.
why wouldn't they continue to operate in an arena where the profits were there for the taking?

If you'd like to add to the discussion, here's a link to the original thread:


Anonymous said...

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Floogin McNoogin said...

Ask away, I'll answer them here