The Madoff’s Name Game and Madoff Operations Arrest – A Ponzi By Any Other Name?
The Madoff name is not something many people want to be affiliated with these days. Apparently this is even true of
people who married into the now infamous moniker. Such is the case of Stephanie Savene Madoff, the wife of Bernard’s son Mark Madoff. Stephanie is attempted to change her and her young childrens last name to Morgan from Madoff. Stephanie Morgan? Nice ring to it.
According to court paper filed in Manhattan Supreme Court Ms. Madoff is seeking to change her name to avoid the, “embarrassment, harassment and endangerment associated with the name.”
Here is a link to the court filing. As a result, the filing says, she was “notified of certain death and other threats made against the Madoff family … Though the threats were deemed unfounded, your petitioner fears for her safety and the safety of her children.” The New York Post is reporting that upon filing the papers, Stephanie was notified of certain death and other threats made against the Madoff family. Mark Madoff gave consent in court papers to he name change.
Don’t worry I’m sure the Madoff trustee Irving Picard will still be able keep track of the name change.
In other Madoff news, the FBI has arrested Daniel Bonventre. Mr. Bonventre, who is 63, is the ex-director of operations for Bernard Madoff Investment Securities LLC. Prosecutors said that, with Bonventre’s knowledge, hundreds of millions of dollars were siphoned out of accounts belonging to Madoff’s clients and used to support other aspects of his business. In some cases, Madoff’s company used client money as collateral to obtain loans. Prosecutors also accused him of failing to report hundreds of thousands of dollars in income to the IRS.
Changing her name can’t change who she is. Maybe Bonventre can shed some light on the missing money.