Greg Newton calls out the sons of indicted financier Bernard Madoff who also happen to be the principle investors at Abel.
While Madoff brats Mark and Andrew loudly protest innocence, not to mention ignorance, of their father’s long-running record-breaking Ponzi scheme, it seems they’ve got a little business to fall back on in case their current employment at Bernard L. Madoff Investment Securities LLC goes boom. According to a Nov. 15 2007 press release:
CAMARILLO, Calif. – A small group of private investors has acquired Abel Automatics, Inc. manufacturers of precision machined fly-fishing reels and fishing accessories...New York-based Abel Holdings LLC assumed control of the company Nov. 9...
LINK (Via:Seeking Alpha)
The Wall St. tabloid Dealbreaker has run a couple of blistering posts on the brothers.
They ran this picture of Mark and Andrew for a caption contest that generated 90 responses.
This second post with accompanying You Tube video generated this priceless comment.
Oh, they're into saltwater fishing as well. There's no telling how much they have in gear. The entire $50 Billion may be wrapped up in their hobby.
A lot of people are dubious as to whether or not the Madoff brothers, Mark and Andy, really had no idea the firm they were working for was--what's the word?--a Ponzi scheme. How could they not, right? Perhaps because while daddy was busy defrauding everyone in the Western world, they were giving fishing tutorials.
See no evil, see no evil. That's as good as it gets.
Posted by: Sol | December 18, 2008 at 08:24 AM
they may be douchenozzles for all I know
but they are the ones who turned their
own father into the SEC for creating this
elaborate scheme to defraud.
Posted by: Swank | December 18, 2008 at 02:27 PM