A couple of weeks ago, we pointed out that Robert Jaffe, the car-collecting clotheshorse who raised hundreds of millions for Bernie Madoff, had returned to a life of leisure and was back hitting balls at the Palm Beach Country Club. He probably isn't golfing this afternoon—and that's not because there are reports of…
Robert Jaffe was one of Bernie Madoff's most prominent fundraisers. Shuttling between Boston and Palm Beach, the well-coiffed, car-collecting financier with a weakness for $5,000 suits was responsible for raising countless millions over the years, funds he funneled into Madoff's $65 billion scheme. Jaffe is…
Is Ruth Madoff facing indictment? What about the Madoff's two sons? And what will happen to Walter Noel and Bob Jaffe? Lucinda Sparks has some juicy detail over at The Daily Beast, including the unsurprising revelation that Bernie Madoff hasn't been the easiest guy for prosecutors to deal with. Says one source: "He is…
In news that will come as a surprise to precisely no one, it appears the Palm Beach Country Club has taken the final step and officially expelled Bernie Madoff from the club. A tipster tells us that late last week, Bernie's golf handicap at the PBCC, which had been posted to the United States Golf Association…
Thousands of attorneys have lost their jobs as the economy has spiraled downward in recent months. One group who won't be unemployed in the near future (and probably won't be seeing their husbands and wives much either): The ones who have been retained to defend Bernie Madoff and the men who showered him with cash,…
Robert Jaffe helped steer millions of dollars into the hands of Bernie Madoff. Yesterday he was scheduled to meet with officials in Massachussetts as part of an investigation into Madoff's massive Ponzi scheme. Jaffe didn't show up, though: His lawyer claimed he was under the weather. So we'll go ahead and assume that…
• Citigroup announced yesterday that it would sell a majority stake in Smith Barney to Morgan Stanley, but more change is on the way: The bank is expected to dump two consumer finance units as well as its "private-label" credit card business, which means now your Save the Whales Mastercard is in jeopardy, too. [WSJ, …
How many financial fraudsters are on the run, or at least appear to be? At least two as of this afternoon! There's Marcus Schrenker, the financial adviser accused of defrauding investors through three of his companies, who tried to fake his death over the weekend by bailing out of his plane (which crashed in a…
Robert Jaffe, a VP at Cohmad Securities who hooked up Palm Beach socialites to Bernie Madoff's awesome investment scheme, was a fashionable gentleman—"at one time named [high-end clothier] Louis Boston’s best customer," reports WWD. Now?
It looks like Robert "Bob" Jaffe, the Palm Beach social fixture and Bernard Madoff middleman now under investigation by the FBI, could use a couple of bucks. Palm Beach Post gossip columnist Jose Lambiet reports that Jaffe recently turned up at a consignment shop in town with some of his jackets. "We're selling Mr.…
