For lease: office with river views — and Madoff's stigma
NEW YORK — Behind unmarked doors on the 17th floor of a red granite high-rise known as the Lipstick Building, FBI agents still labor to unravel a case like no other.
The agents — already there for more than six months — say the chore is so daunting, they need to stay in the Manhattan skyscraper at least another year.
And by the way: They intend to hang on to the copy machine.
The former headquarters of Bernard Madoff are a home away from home for the FBI and, as of July 1, a leasing opportunity for any potential tenant who can stomach its status as ground zero of the largest securities swindle in history.
"Some people may see a stigma associated with it," building manager Russell Freeman said on a recent tour of the piece of the three-floor firm that's been put on the market. "But he's out of there. His bad karma has gone with him ... Space is space."
Space once used by Madoff himself — a fishbowl corner office with partial views of the East River — has been emptied of most furniture and paperwork, like the rest of the 19th floor. Only a pair of built-in cabinets and a wall-mounted television, easily 10 years old, remain.
Across the room is a matching corner office where Madoff's brother Peter worked. Two smaller glass offices were for Madoff sons Andrew and Mark. Two filing-cabinet drawers still bear stickers with Mark Madoff's name.
The three men, whose names remain on an automated directory in the building lobby, oversaw a trading floor for Bernard L. Madoff Investment Securities that's now a ghost town, dead silent except for the hiss of an air conditioner.
The color theme throughout — from the refrigerator in a galley kitchen to the trading floor desks to the many conference rooms — is the minimalist black and ash gray favored by the 71-year-old former Nasdaq chairman, one of the original tenants when the building opened in the mid-1980s.
Floors 17 through 19 became part of a crime scene later last year, when the once-prominent money manager confessed that his secretive investment advisory group actually was a massive Ponzi scheme that wiped out thousands of investors. He was sentenced to 150 years in prison last month and on Thursday decided not to appeal the sentence.
The disgraced financier has claimed he alone conned clients by recycling their money to create phantom wealth. But investigators have said they suspect members of Madoff insiders were involved and have been camped out on the 17th floor searching for evidence of a wider conspiracy.
Many of the records were paper or on microfilm and date back decades. Authorities say the firm relied on an old IBM computer to churn out statements that were fictitious.
Comments
- Hogle Zoo to hit lights Saturday 11:13 p.m.
- Texas survives scare by A&M 11:12 p.m.
- St. George turtles getting colds, flu 11:12 p.m.
- Hall's legacy measured today 11:11 p.m.
- Soldiers in Afghanistan enjoy turkeys 11:08 p.m.
- Korver's return hits snag 10:49 p.m.
- Obama and GOP differ over job aid 10:41 p.m.
- Immigration activists diversifying 10:40 p.m.
- White House crashers were filmed 10:39 p.m.
- A day of thanks, parades, feasts 10:33 p.m.
- Man trapped in Nutty Putty cave dies
- Rivalry has had some 'turkeys'
- Cave rescuers committed to free man
- Holiday television program listings
- Highland players make special friend
- Temple Square to use LEDs
- Matt Reynolds vs. Koa Misi
- Missions teach players perseverance
- Salt Lake City woman shot
- Provo star leads Bulldogs to win
- BYU would like friendlier rivalry
262 - Protests against Phoenix LDS temple
210 - RSL wins MLS Cup on penalty kicks
202 - Bronco, Kyle rubber match
139 - Thunder rolls by Jazz
134 - BYU records with win
133 - Letters: Rushing to judge Palin
131 - Boys basketball rankings
117 - Editorial: Poor welcome for Palin
112 - Hall, Johnson matchup key
102
We're flooded with wise shopping tips this year, including these from...
What time of day did this happen? I'll bet it was late and it was a DUI stop...
"This could bring consequences that would be deadly for Chilean football."...
Looking forward to Korver's return. He is an exciting player and the Jazz...
Boy you look stupid. For the record, it was a Ute fan who started the smack...
I didn't know John personally, but I still remember well a conversation we...
Blue is BLUE for heaven sakes. To say that you stole someone's color is...
We are proud of the wonderful life you lived John. I am grateful we will see...
BYU, get rid of the Utah State wannabe uniforms and bring back the royal...
Not just football coach's wives. The wife of every coach and athlete in...
reports are tonight they worked it out with Rangers and Chile will be ok for...



You can be the first to comment on this story.