Bernie Madoff was a bad tipper, says posh resorts staff
February 17th, 2009 - 2:27 pm ICT by ANINew York, February 17 (ANI): Bernie Madoff, who is under house arrest for running a 50-billion-dollar scam, has been dubbed as a one-dollar-guy by staff at a posh Montauk oceanfront resort.
The Wall Street fund manager, who was said to be a regular at Gurney’’s, allegedly held the reputation of being a bad tipper around the hotel spa.
“He won”t be missed. Bernie was strictly a buck-a-towel guy,” the New York Post quoted one employee as telling a source.
The 70-year-old was alleged to have conned many with Ponzi schemes, which involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from the profit from any real business.
Amongst many investors from all over the world who had fallen victim to his fraud included wealthiest woman in the world and heiress to the LOreal empire Liliane Bettencourt, Alicia Koplowitz, the Spanish billionaire and director Steven Spielberg. (ANI)
- Kevin Bacon, Kyra Sedgwick also Madoff investment fraud victims - Dec 31, 2008
- Worlds wealthiest woman also victim to Madoffs investment fraud - Dec 25, 2008
- Prosecutors want Madoff jailed for ''mailing $1m worth jewellery to family'' from house arrest - Jan 06, 2009
- Madoffs investment fund may never have traded - Jan 17, 2009
- Larry King too fell ''victim'' to $50bn Madoff investment scam - Jan 24, 2009
- Bernie Madoff Accomplice Sonja Kohn Outed - Dec 11, 2010
- L'Oreal Heiress Mrs. Liliane Bettencourt Questioned By French Police - Jul 27, 2010
- Ponzie King Madoff's possessions auctioned in New York - Nov 14, 2010
- Bernie Madoff's items including boxers to be auctioned off - Nov 12, 2010
- Heiress Of L'Oreal Interrogated By The French Police - Jul 27, 2010
- Ponzi king Madoff emerges victorious in prison fight - Oct 14, 2009
- Robert de Niro to star as Bernie Madoff in a new movie - Nov 08, 2011
- Trustee charges HSBC with funnelling disgraced Ponzi King Madoff's massive fraud - Dec 06, 2010
- Bernie Madoff's Boxers Anyone? - Nov 12, 2010
- Madoff Claims To Have Secret $9 Billion Stash - Jun 21, 2010
Tags: bad tipper, bernie madoff, billionaire, director steven spielberg, february 17, fraud, gurney, heiress, hotel spa, house arrest, liliane bettencourt, loreal, montauk, new york post, ponzi schemes, posh resorts, steven spielberg, wall street, wall street fund, wealthiest woman in the world