Madoff is forever, at least in divorce court, it seems.
Dec. 25 (Bloomberg) — A New York real estate lawyer who paid his ex-wife $2.7 million of the supposed value of his account with Bernard Madoff can’t revise the agreement because he lost money in the Ponzi scheme, a New York judge ruled.
Steven Simkin, chairman of Paul, Weiss, Rifkind, Wharton & Garrison LLP’s real estate department, sued his former wife, Laura Blank, in February after Madoff’s fraud was exposed, saying she was unjustly enriched by the 2006 settlement. He lost in a Dec. 22 decision in state Supreme Court in Manhattan.
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LOL, some of Madoff’s “investors” (dupes) were, as I understand it, very smug about being part of the “club” that was “permitted” to participate in the Ponzi scheme. For those who were genuinely shafted, my sympathies. But really, some of these folks had to know what the score was, and maybe looked the other way and considered themselves lucky to be among the chosen.
“I don’t care to belong to a club that accepts people like me as members.” Groucho Marx
It’s really amazing that a partner at a top firm like Paul, Weiss would be a sucker for Madoff’s Ponzi scheme. Well, amazing in principle, but unfortunately not that shocking in reality.