See Maddoff's AMEX Bills
Wanna see the Maddoff clan's AMEX statements? They're online here. 2 grand Giorgio Armani in Paris, 8 grand at a hotel, 10 grand to charity, $441 at a bagel store, the garners of unlawful gains really know how to live it up. But you gotta give the guy some credit: he did pay his bills on time. [Scribd] (Thanks to Chris!)
Post a comment
Comments:
$26.00- Consumerreports.org
Perhaps Bernie tossed some money into the Consumerist tip jar?
$441 for bagels and Madoff is looking trim? I wonder what the workout routine for a scam artist is.
I must admit, after looking through another man's credit card statement I feel dirty. Interesting, but I probably shouldn't have done it.
He wanted to know which pyramid was rated best.
Flash needs to be installed just to few a page image?
Article is VERY misleading. Bernie didn't make that charge. Someone else on the account did. Looks like Bernie's only charge was some plane tickets. The bagels were bought by Peter.
@attackgypsy: How is it misleading? It says Madoff clan. It does not specifically state it was Bernard Madoff charging all these things...
In Bernie's defense, Tal Bagels is very good...
Esperanza Hotel - Santa Monica from 01/15/08 to 01/16/08 total $8400. Wow. Just wow.
I wish I could afford restaurant bills like those.
LOL. I bet AMEX's customer profile on Madoff considered him an ideal citizen (proper purchases) and credit risk who paid his bills on time.
At least he paid his cards in full each month!
Wow . . . over $100,000 worth of charges in one month between everybody involved. I thought I was doing pretty OK w/ just over $1000 in my chequing account . . .
I selected some of the worst restaurant tips:
Andrew Madoff @ Per Se 5.6%
Mark Madoff @ Nikai 5.8%
@ Lure Fishbar 6.4%
@ Suibi 5.0&
JoAnn Crupi @ Spikes 4.3%
Pretty cheap for using someone else's account paid for with stolen monies:)
A few things I noticed:
Frank DiPascali Jr is one of the lieutenants under investigation. Interesting that he's the second highest charger to Madoff's account. In general it looks like Madoff kept his biz associates from accessing his personal accounts (i.e. you don't see people like Michael Bienes on his CC statement.) Yet somehow this guy is different. He's also singing like a bird, from what I hear. I suspect that there's more to this than we think.
Cripes, his Rewards First point balance was nearly a million points in December 2007. I'm surprised Amex didn't just give him a get-out-of-jail-free card in exchange for his points. If you can afford it, this is why you give family access to your account.
Maddoff seems to have taken the old principle of investment. That is the trick is to invest using other people's money. Maddoff extended that to living off other people's money. A nice trick if one is not caught.
Man, they sure eat a shitload of sushi.
And rent a lot of cars.
And walk up to the airline ticket counter and buy same-day tickets?? (see p. 46 - let's fly to Paris! $9,000!)
And who the hell drops $999 on a flight from Louisville to Newark? (p. 42)
Aaaah, I'd probably be doing it too if I had a couple billion in the bank.
Wow. Look how many card members are using the same account. Are they all being sued too?
That $26.00 payment by Bernie Madoff to ConsumerReports.org is ironic indeed.
We can tell that Richard Carroll loves to fish. Lots of charges to 7 Seas Bait & Tackle.
Ruth Madoff loves to go watch movies at Muvico Parisian 20.
Andrew Madoff sure flies alot as does Shana Madoff.
Interesting to see how the rich live - besides off of other people's money.
@Mike8813: heh. I actually found it surprisingly UNinteresting! I was hoping for, like, purchases of $12,000 to Giraffe Depot, followed by pictures of some Madoff galloping through NYC on a giraffe.
Bagels, bah. I can buy bagels!
@ageshin: The government does that with your tax dollars.
You think they're "investing" in Social Security?
Hehe. Wait till that Ponzi scheme gets exposed.
@lakecountrydave: No idea if it's the case with him, but I often leave a combination of cash and credit card tip. I'll leave the tip all in cash usually but if I'm a little short I'll put the balance of the tip on the card. Waiters prefer tips in cash (Hmm, I wonder why).
Peter flies Jet Blue, WTF?
Ruth Maddoff uses Nexflix? With that much scratch I just assumed they had the directors fly in and describe their movies to them.
Anyone catch the payment of $9,999.99? Sure wouldn't want to attract undue attention by breaking the $10,000 barrier that gets documented in a bunch of lawmen's books.
out of all of them, i think joann crupi would be the most fun to hang out with.... she eats at chili's and a diner, goes to vegas, and puts thousands on her company card at liquor stores in one month.
Interesting that they get charged the Amex baggage and flight insurance premiums every time. Someone must have failed to cancel after signing up for the free issue of Travel & Leisure. Also that may be the only person I've ever seen buy something from the Dell mail order catalog.
On the frugal side of things, it looks like they almost always flew coach, which surprised me, and booked with discount airlines through Expedia and Travelocity. I would have expected them to fly First Class when shuttling back and forth from NJ to Palm Springs.
@sonneillon: If he bought one bagel a day for a year, that's about $1.20 a bagel.
Are you saying he bought all of those in a day?
@Skaperen: It's a program. You need Adobe to view a PDF. I don't see what's wrong with downloading a small piece of software.
@weave:
Doesn't Per Se have a service charge already included in their menu? I recall reading that in some article (something about improving service), so that 5.6 would be on top of the service fee.
@razremytuxbuddy: Thanks to the ticket numbers being visible, I looked up the Continental and United flights on the conveniently interconnected GDS system. In most cases, they were upgraded to F or J due to FF status. Keith is fond of window seats, and always requests vegetarian meals, FWIW.
Must resist stereotypes based upon his lust for bagels and the fact that despite his fortunes, he chases after the 5% cashback on certain purchases!
Nice! There's a $50 charge from FINRA Regulations - The Financial Industry Regulatory Authority - must've been hush money...ha ha!
FINRA touches virtually every aspect of the securities business-from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. It also performs market regulation under contract for The NASDAQ Stock Market, the American Stock Exchange, the International Securities Exchange and the Chicago Climate Exchange.
@Applekid:
That was a 99,999.99 payment, not 9,999.99.
Off by a factor of 10x there :)
Although it did catch my eye too.
@Applekid:
That was a 99,999.99 payment, not 9,999.99.
Off by a factor of 10x there :)
Although it did catch my eye too.
No sign of guilty feelings, that's for sure.
Must be nice to do whatever springs to mind, no matter what it might be. I'm sure I'll never know what that feels like.
@sonneillon: Probably bought the office bagels.
I'm just saying there's a reasonable explanation is all.
Mark Madoff tips %5. WTF???
@sonneillon: ...Which would probably feed an entire office. Why do people always reach for the most elaborate explanation, when the simplist is usually true?
$60 tip on an $1100 dinner? What a prick.
@Michael Belisle: That makes sense. I didn't think of that.
I just figured it was an annual total of everything he put on his credit card.
lol. Peter is a subscriber of consumerreports.org. I wonder if he reads the consumerist.