The Madoff family: Fraud from the boardroom to the kitchen
Filed under: Extracurriculars, Food, Ripoffs and Scams, Fraud
Over the past few weeks, I've been able to squeeze a lot of fun out of the Madoff scandal. From his clubby sales techniques to the expensive jewelry that he's sent out to the outrageous leniency that the courts have shown him, Bernie has been an almost bottomless font of disturbing details.Through it all, Ruth Madoff has silently stood by her man, presenting a stoic, supportive façade to the media. Although Madoff's tendency to hire family members to run his company is well documented, Ruth has managed to avoid the spotlight and has stayed above the fray. The media, in return, has soft-pedaled the fact that she was the company's original bookkeeper and one of its directors.
Recently, another side of Ruth Madoff, has emerged. In the mid 1990's, she became involved with a cookbook. Titled The Great Chefs of America Cook Kosher, the tome offered Kosher haute cuisine recipes to the masses. Listed as executive editors, neither Madoff nor her friend Idee Schoenheimer were actually involved in writing the book. According to the "editor," Karen MacNeil, a food and wine expert, the book was something of a vanity project for Madoff, who "was interested in having her name on something that would allow for some sort of fun."
The greatest irony of all of this is that, 12 years after its release, the book is currently selling for more than its cover price. If only Bernie's funds had done so well!



Reader Comments (Page 1 of 1)
1-16-2009 @ 10:51PM
elementaryfinance said...
Great story! How many books do you have to sell to make it to 50 billion? I wrote an article about Madoff (see below) and I wass amazed at how much money is being made off him. Books, theme songs, mugs, shirts, and everything in between. I wish I would have made that the article.
http://www.elementary-finance.com/education/bernie-madoff-ponzi-scheme/
Reply
1-17-2009 @ 9:12AM
John Shoup said...
Bruce, if you have info that the book is selling again in
stores, I wish you would share that with me. We have a
cease & desist agreement with Ms Madoff and her publisher
bcause she stole our trademark "Great Chefs" for the book.
They had printed only 5,000 copies, so we agreed to allow
them to sell the initial print run and then stop, only because
it was suppose to support a charity. Probably the same
charity her husband stole from. Our attornies have not
been able to determine if the book is selling again in stores
and if in fact the book has been reprinted again. EBay is
the only place we can find it now.
Reply
1-17-2009 @ 9:16AM
Bruce Watson said...
John-
Thanks for the information. I found the book on Amazon, eBay, Half.com, and ABEbooks.com. In all cases, it was going for more than its cover price, which makes sense. The secondary book market generally has lower prices if the books in question are still in stores. The fact that the price has gone up reflects the small print run and the fact that it's out of stores.
Thanks for writing in!