Friday, May 8, 2009
Over the Top! Bernard Madoff's $100,000 Monthly Amex Bills
Ruth, Sons, and Inner Circle Used Investors' Money for Vacations, Paris Fashions
By BRIAN ROSS and KATE McCARTHY
May 7, 2009
Bernard Madoff used investors' money as his "personal piggy bank" to support a lavish lifestyle enjoyed by his wife, sons and a select few in the office, according to documents filed in bankruptcy court in New York by attorneys for the bankruptcy trustee.
Documents filed Wednesday in New York bankruptcy court say Ponzi scammer Bernard Madoff used investors' money to pay for a lavish lifetyle as he rang up $100,000 in monthly AMEX bills.
One American Express bill for January, 2008 shows his wife, Ruth, used the company's business platinum card for a fashion shopping spree. She spent $3,792 in Paris on January 11 at Giorgio Armani, Jil Sander and Marni.
Click title above to see a copy of the bill.
Peter Chavkin, Ruth Madoff's attorney, said he had no comment.