Wednesday, October 21, 2009
Madoff likes to Party
Convicted Ponzi schemer Bernie Madoff promoted a "culture of sexual deviance" at his New York headquarters that featured vast quantities of cocaine and drug-fueled parties with topless waitresses, according to details of a new lawsuit.
"Madoff's affinity for escorts, masseuses and attractive female employees was well known in the office culture," the complaint says. "A significant amount of the money stolen from investors went towards these lavish indulgences as well as other expenses for his employees, family and favorite feeders."
The complaint, filed by California lawyer Joseph Cotchett on behalf of dozens of fraud victims, says coke was so rampant in his Manhattan headquarters that it was known as "The North Pole."
At Mandoff's Manhattan office parties were "topless entertainers wearing only G-string underwear serving as waitresses," the suit said.
"A culture of sexual deviance existed in the office" with employees having "late night affairs in exciting places -- such as their boss' sofa -- with whomever they could find," it said.
"Employees described it as a wild, fast-talking, drug-using office culture," said the 272-page lawsuit.
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