BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
Madoff Today: Paul, Weiss Partners Are Too Close to the Pain
Martin London, longtime partner at Paul, Weiss, Rifkind, Wharton & Garrison, was at the right place, but at the wrong time, this past Saturday morning. Hours later, another Paul Weiss partner, Martin Flumenbaum, issued a statement.
Mr. London was the unfortunate person to discover the lifeless body of Mark Madoff in the Soho neighborhood (NYC) apartment. Mark is Mr. London's his stepson-in-law. Earlier that morning, stepdaughter Stephanie called and asked him to check on her 2-year-old son, who was at home with husband Mark. Stephanie was in Orlando, FL, with her 4-year old son, visiting Disneyworld, when she received e-mails from husband Mark urging her to have someone check on the child.
Hours later, another Paul Weiss lawyer, Martin Flumenbaum, issued this statement: "Mark Madoff took his own life today. This is a terrible and unnecessary tragedy. [Mark Madoff was] an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo."
Mr. London, who was a Madoff investor, contacted Mr. Flumenbaum; Mr. Flumenbaum then contacted federal authorities. Mr. Flumenbaum, it should be noted, has served these past 2 years as lawyer for both Madoff brothers, Mark and Andrew. While Mr. Flumenbaum still practices at the firm, Mr. London currently is retired - but serves as of counsel to the firm and is perhaps best known for representing Vice President Spiro T. Agnew in connection with the criminal charges that led to his nolo plea and resignation. [NYT Dealbook, 12/13]

