On Fifth Anniversary of Bernie Madoff’s Arrest, Victims Are Still Getting Schtupped
NOTE TO HARVEY A.:
MAIDOFF'S VICTIMS WAITED A LONG TIME FOR BERNIE TO BE BROUGHT TO JUSTICE.
JUST BECAUSE THEY HAVEN'T CAUGHT YOU YET DOESN'T MEAN YOU WON'T GET CAUGHT, UNPROFESSIONAL BOARD MEMBER OF FAILED NON-PROFIT
Schtupping.
Yiddish for fucking.
In a sad carnival of a trial currently playing out in U.S. District Court in New York, Frank DiPascali—who faces a 125-year prison term for infinite crimes as Madoff’s longtime chief henchman—has turned government witness, testifying against five former Madoff colleagues. He described the schtupping process, allegedly employed by the fun bunch who helped Bernie operate his Ponzi scheme, as a year-end bonus or deduction awarded to treasured special clients’ accounts each holiday season:
From a December 6, 2013, Bloomberg Businessweek article, entitled “Madoff ‘Schtup’ File Enriched Top Investors, Jury Told”:
Yiddish for fucking.
In a sad carnival of a trial currently playing out in U.S. District Court in New York, Frank DiPascali—who faces a 125-year prison term for infinite crimes as Madoff’s longtime chief henchman—has turned government witness, testifying against five former Madoff colleagues. He described the schtupping process, allegedly employed by the fun bunch who helped Bernie operate his Ponzi scheme, as a year-end bonus or deduction awarded to treasured special clients’ accounts each holiday season:
From a December 6, 2013, Bloomberg Businessweek article, entitled “Madoff ‘Schtup’ File Enriched Top Investors, Jury Told”:
In a file labeled “Schupt,” a misspelling of schtup, a Yiddish term for “push” or “press” that’s also slang for sex, the names of insiders were kept with notes about how much extra to give them on top of the 17 percent returns they were “promised,” Frank DiPascali, 57, testified yesterday at the federal trial of five ex-colleagues in Manhattan.