Madoff

Madoff's Massachusetts roots: State charges Bernie 'feeder' firm with fraud

The Secretary of State's office today launched administrative proceedings against Fairfield Greenwich, a firm it says funneled billions of dollars into the Madoff Ponzi scheme. The state alleges the company knew Madoff was a goniff but lured Massachusetts investors with promises of high returns, anyway; now the office wants the company to repay investors.

Figures: Now we can blame the Yankees for Madoff

The Herald reports on the Congressional testimony of that frustrated Boston PI who'd tried three years ago to alert the SEC (and the Wall Street Journal) about the Ponzi for a New Millennium:

'In 2000, (one official) warned me that relations between the New York and Boston (SEC) regional offices were about as warm and friendly as the Yankees-Red Sox rivalry,' the Whitman resident said. "Truer words were never spoken."

State sues alleged goniff bagman

The Boston Business Journal reports the Secretary of State's office has sued Bernie Madoff BFF Robert Jaffe of Newton to try to get him to testify before state investigators on his alleged role in Madoff's alleged Ponzi scheme. Jaffe's New York P.R. firm says Jaffe's as much a victim as anybody else and is sick, to boot.

Local foundation to meet all pledges despite being taken by an alleged goniff from New York

The Shapiro Family Foundation, which saw half its holdings disappear in the Madoff scandal, vows to honor all its previously announced funding commitments.

Foundation Web site.