October 22, 2009 | 1:55 pm
Posted by Jay Firestone
CNN has recently reported that a new lawsuit alleges that Bernard Madoff used funds to finance “a cocaine-fueled work environment and a “culture of sexual deviance,” [while] he diverted money to his London, England, office when he believed federal authorities were closing in at home.”
Between $50 million in embezzlement, fights in prison, and now the alleged use of funds for drugs and sex, there’s really only one questions left to ask…
Is Madoff a Jewish Tony Soprano?
It’s not like waste management is that different from running a hedge fund.
A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a “culture of sexual deviance,” and he diverted money to his London, England, office when he believed federal authorities were closing in at home.
The lawsuit, filed Tuesday in New York’s State Supreme Court, was brought on behalf of former investors and seeks unspecified punitive damages and compensation.
Beyond that, it offers a look at what the plaintiffs’ attorneys say was once Madoff’s multimillion-dollar empire and what is now his world in a federal prison in North Carolina.
Among the allegations in the 264-page lawsuit are that during the mid-1970s, Madoff began sending employees to buy drugs for company use.
The complaint alleges that some employees and investors were aware of the drug purchases, and that BMIS [Bernard Madoff Investment Services] was known by insiders as the “North Pole” in reference to the excessive amount of cocaine use in the work place.
Read the full story at CNN.com.
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