Bernard Madoff's Investment in Cohmad Securities
Bernie owns an interest in Cohmad Securities which has offices in Madoff's building and it has a substantial presence in Boston.
Robert M. Jaffe, now a resident of Palm Beach, Fla., is president and principal shareholder of M/A/S Capital Corporation, vice president and principal of Cohmad Securities Corporation, and a board member of Quosa, Inc.
In Boston, Mr. Jaffe is an overseer of Beth Israel Deaconess Medical Center and a member of the President's Council of Brandeis University. He and his wife, Ellen Shapiro Jaffe, are active in civic and cultural organizations in Boston including the Museum of Fine Arts and The Wang Center for the Performing Arts.
According to the Boston Globe, Ellen Shapriro's parents are very wealthy philanthropists who got burned by Bernie.
Hotstocked.com lists these Cohmad Securities brokers:
Alvin James Delaire Jr.
Cyril David Jalon
Marcia Beth Cohn
Rosalie Buccellato
Cohn is the compliance officer and the Massachusetts secretary of state has subpeonaed documents from her.
This firm may be a successor to Cohn, Delaire & Kaufman, a brokerage firm that was around in the '60s.
Maurice J. Cohn of Manhasset made a political contribution in the '80s and listed Cohn Delaire as his employer. Maurice is also on the board of the North Shore Long Island Jewish Health System.
In 2002, Cohn was a sponsor of an exhibit at the Lower East Side Museum which, if I recall correctly, has the support of Peter Madoff, Bernie's brother.
The only information I could find on Cyril David Jalon is this 1984 wedding announcement in the NY Times:
"The marriage of Mary Lucy Tricarico, a daughter of Mr. and Mrs. Vito Tricarico of Mahopac, N.Y., to Allan Michael Jalon, son of Mr. and Mrs. Cyril David Jalon of Mamaroneck, N.Y., took place yesterday. Rabbi Abraham J. Klausner performed the ceremony at the Tower Suite in Manhattan."
Nothing on Rosalie Buccellato.
Interesting that Frank DiPascali was the CFO of the Madoff investment firm.
I'm pretty sure the entire Madoff family was in on this scheme and I've been wondering if the Italian or Russian mob was involved in any way.
Some of the institutions you note involve trusts. Trustees are not just accountable for intentional conduct. They are also accountable for negligent conduct.
They can be sued. They can be sued by the state or by individuals harmed per the negligence.
They also can be found to be criminally negligent.
It looks like a lot of people sleeping together.
December 18, 2008 4:29 PM | Reply | Permalink