Over the Top! Bernard Madoff's $100,000 Monthly Amex Bills
Ruth, sons, inner circle used investor money for vacations, Paris fashions.
May 7, 2009— -- Bernard Madoff used investors' money as his "personal piggy bank" to support a lavish lifestyle enjoyed by his wife, sons and a select few in the office, according to documents filed in bankruptcy court in New York by attorneys for the bankruptcy trustee.
One American Express bill for January, 2008 shows his wife, Ruth, used the company's business platinum card for a fashion shopping spree. She spent $3,792 in Paris on January 11 at Giorgio Armani, Jil Sander and Marni.
Click here to see a copy of the bill.
Peter Chavkin, Ruth Madoff's attorney, said he had no comment.
Madoff's sons Andrew and Mark used their corporate cards for travel and ski related expenses at a resort in Jackson Hole, Wyoming, according to the document.
Andrew charged $1,126.41 on the corporate card at one of New York's finest and most expensive restaurants, Per Se, according to the documents. In addition to the gratuity included in the bill, Andrew added another $60 tip.
PHOTOS: Click here to see photos of the Madoffs' luxurious lifestyle.
The bankruptcy trustee also alleges that Madoff loaned his son Mark $6.5 million from the company account at the same time he purchased a multi- million dollar home in Nantucket in June, 2008.
Mark and Andrew's lawyer could not be reached for comment.
In the court filing, the bankruptcy lawyers say investors' money went into Madoff's account at JP Morgan Chase and was used to pay for the extravagance.
The documents show that a select few Madoff employees had their own platinum corporate American Express cards, including Madoff's right hand man Frank DiPascali, who is reported to be negotiating a guilty plea with federal prosecutors.