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Bullet proof vest Madoff

Posted on March 13, 2009 - Filed Under Bullet Proof |

For further information, please refer to My bullet proof vest

  The Bernie Madoff scandal has its fair share of high-profile victims – there’s Kevin Bacon, Steven Spielberg, Eliot Spitzer and Zsa Zsa Gabor. But spare a thought for Craig Kugel, a human resources functionary at Madoff’s firm who suddenly finds himself in a pickle over his boss’s Mercedes. “Craig Kugel never intended to be a personal guarantor of the lease for Bernard L Madoff Investment Securities LLC,” say documents prepared by his lawyers. “Craig Kugel has had no use or benefit whatsoever of said vehicle.” Six weeks before Madoff Securities firm imploded in a $50bn alleged fraud, Kugel was dispatched to lease a new car for 70-year-old Bernie. According to court documents, he duly went to a dealership called Rallye Motors on Long Island and picked out a shiny new Merc. A salesman at the dealership wanted financial details on Madoff Securities to authorise a leasing arrangement. Bernie didn’t want to provide any documents and Kugel was therefore hurriedly made a director of the firm so that he could sign for the car as a guarantor. Kugel has filed an objection to bankruptcy proceedings surrounding the wind-down of Madoff’s firm, complaining that he is now in hock to the tune of $58,212.76 (£40,734) to cover the 36-month lease. Poor old Craig joins a long, long queue of people with a grievance against Bernie, who has taken to wearing a bulletproof vest for any court-approved forays outside the Manhattan penthouse apartment where he is being held under house arrest. 

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