Jewish Journal

Hadassah Woman’s Affair with Madoff

by Rob Eshman

August 12, 2009 | 8:24 pm

Bloomberg reports that a Hadassah accountant who has publicly blamed Bernie Madoff for swindling her family of its money will reveal in a new book that she also had a long-running affair with the now-convicted con man.

As David Voreacos writes:

Sheryl Weinstein’s account, “Madoff’s Other Secret: Love, Money, Bernie, and Me,” will be published Aug. 25 by St. Martin’s Press. Amazon.com Inc. and Barnes & Noble Inc. are accepting advance orders through Web site listings that disclose no details about their relationship and say that the author is “to be announced.” The author is Weinstein, said John Murphy, spokesman for New York-based St. Martin’s.

Weinstein, 60, has denounced Madoff publicly at least four times this year, including at the June 29 court hearing where he was sentenced to 150 years in federal prison for masterminding the largest Ponzi scheme in history. Weinstein told the judge she met Madoff 21 years ago when she was chief financial officer at Hadassah, the Women’s Zionist Organization of America, Inc.

“I now view that day as perhaps the unluckiest day of my life because of the many events set into motion that would eventually have the most profound and devastating effect on me, my husband, my child, my parents, my in-laws and all of those who depended on us,” Weinstein said at the New York hearing.

In addition to details of the affair, the hardcover book will include photographs and some intimate descriptions of Madoff, Murphy said. He declined to provide an advance copy of the book, which he said was “a fast read’ that will run about 200 pages and was ghostwritten. The cover price is $23.99.


Best part of the story has to be Madoff’s lawyer’s response to the revelation:

She’s entitled to her free speech, I suppose,” said Ira Sorkin, a lawyer for Bernard Madoff. “Why one would go public with something like that, I don’t know. She’s entitled to say anything that might be deemed derogatory about herself.”

I know, it’s so morally reprehensible for her to admit sleeping with a man.  I mean, it’s almost like she bilked innocent people out of their life savings… oh, wait, no, that’s what your client did.

Madoff also stole the life savings of Weinstein’s son Eric, who worked with Madoff and often sought him out for financial advice.

“He is a beast that has stolen for his own needs the livelihoods, savings, lives, hopes and dreams and futures of others,” she said. “He has fed upon us to satisfy his own needs. No matter how much he takes and from whom he takes, he is never satisfied. He is an equal opportunity destroyer.”


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