Madoff associate now flies below the radar
Tags: Bernie Madoff, Bob Jaffe, Palm Beach, Ponzi scheme, Salon Margrit
| Wednesday 14 January 2009 4:24 pm
Robert and Ellen Jaffe
Forget his missed hearing before the Massachusetts Securities Division.
There are other signs that Palm Beach philanthropist Bob Jaffe, who reportedly steered moneyed locals to accused swindler Bernie Madoff’s investment firm, is now making himself scarce. This, after weeks of haunting expensive restaurants throughout the chi-chi town.
For the first time in years, Jaffe, 64, missed his standing appointment at The Island’s Salon Margrit, a spy at the beauty emporium said.
Every Friday at 4 p.m., the well-known dandy would sit down at the salon for his weekly manicure. It cost him 25 bucks plus tip. Last Friday? His chair remained desperately empty.
Running out of cash? Nope. His health’s bad, says his publicist.
“Bob has been under doctor’s care,” said Elliott Sloan in NYC. “I’m not going into for what. Just know that he’s just under the doctor’s care.”
Authorities in Massachusetts said Tuesday they were miffed that Jaffe, also a figure in Boston society, didn’t show for a hearing despite a subpoena. Regulators wanted to grill Jaffe on how the scandal would affect those in the commonwealth who invested with Madoff.
“We did notify the state secretary that Bob wouldn’t make it,” Sloan said. “The hearing was adjourned.”
Unlike his friend and partner Madoff, Jaffe hasn’t been charged in connection with the $50 billion Ponzi scheme.
If you go back and look at archived stories for him you see coverage (I think originating in the NYT - perhaps a decade or more ago) which declares him a clothes horse and, in his own words, shows his command of fashion. From that article alone you form the idea that, the bigger they are, the harder they fall - and he is at the very least a big narcissist. I wish I was on his legal team - they are going to eat well for a long time on this.
maybe his nails were already filed from climbing the walls or clawing his way to the top…
[...] Now that the Securities and Exchange Commission is telling us that Palm Beach dandy Bob Jaffe made $150 million by directing $1 billion in business to his friend and Ponzy schemer Bernie [...]
Just some good oyi boys