Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Wednesday, October 21, 2009

Colombo Family Boss Carmine Persico Prison Pals with Bernie Madoff

Newly filed court papers paint a bleak picture of Bernard Madoff's present life -- and a strippers- and drug-filled portrait of his past.
The filing, supporting a suit by the Ponzi scammer's victims, is based on information provided by lawyers who interviewed the super-swindler in a North Carolina federal prison and some of his former employees.
"Rather than spending time on private planes or his yachts," Madoff "now shares a cell with a 21-year-old inmate convicted of drug crimes," the papers say.
"Madoff sleeps in the lower bunk and he eats pizza cooked by an inmate convicted of child molestation.
"His recreation consists of walking around the prison track at night."
As for his pals in prison, the filing says, "he now spends time with former Colombo crime family boss Carmine Persico and Jonathan Pollard, who was convicted of spying for Israel."
It adds, "Most of his fellow inmates are in prison for drug crimes or sex crimes, and Madoff will spend the rest of his life in prison with them."
The filing amends a proposed class-action lawsuit against Madoff-related entities by one of his victims.
It says its claims are based on lawyer Joseph Cotchett's July interview with Madoff in prison, as well as on other attorneys' discussions with employees. It also cites Securities and Exchange Commission filings, and published reports.
"Starting in 1975, Madoff began sending a longtime employee and office messenger to obtain drugs for himself and the company," it charges.
"Drug use in the office was described as rampant and likened the office to the 'North Pole' in reference to the cocaine use.
"Eventually, the main employee supplier was fired for his drug abuse when cocaine and other undisclosed drugs were found in his desk in 2003. Madoff worried that it might bring in drug prosecutors who might uncover the big scam."
There allegedly were also "wild office parties sans spouses," with "topless entertainers wearing only G-string underwear serving as waitresses."
The employees allegedly had late-night affairs in exciting places -- such as their boss' sofa "with whomever they could find."
The papers also name financial powerhouses, including JPMorganChase and the Bank of New York, accusing them of being "primary players necessary to accomplish [Madoff's] fraud."


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