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Bernie Madoff: It's a Family Affair...


Interesting story about Frank Avellino's son, Joseph, from the Randolph (NJ) Reporter from a couple of weeks ago:

"...In a related matter, a Chester Township man formerly worked for his father's hedge fund, Avellino & Bienes, that had close ties with Madoff for more than 20 years, according to published reports.

The township man, Joseph Avellino, also is a member of the Board of Trustees of the Willow School in Peapack-Gladstone, a small, independent coeducational day school..."

Avellino's bio on the school website:

"Joseph Avellino is a product of New York City and New Jersey public schools. He earned undergraduate (Seaton Hall University, B.S. 1983) and graduate (Pace University, MBA 1985, M.S. 1988) degrees with focus in finance, economics, and investment management. From 1984-1994, he helped to grow his family's hedge fund Avellino and Bienes. He went on to found, manage and sell businesses in diverse industries from home building to communications and software, most notably, Optuf Software. With the birth of his first son, Mr. Avellino sold his business to focus his time and energy on his family. In 2002 Avellino founded Capital Metrics, through which he provides investment banking and merger and acquisition consulting services for middle market companies which have strategic ties to large scale enterprises. Avellino resides in Morris County with his wife, and two sons."

I'm not sure if Seaton Hall U. is misspelled. Apparently, there is a Seaton Hall U. in Orange, NJ but info about the school is hard to come by.  The name of Avellino's software firm is definitely misspelled. It is Optus Software, not Optuf.

In 1988, Joseph Avellino registered Golden Egg Development Associates, L.P. in New Jersey while he was drumming up new busines for the family "hedge fund". LOL - The Avellinos really did have a goose that laid ...

More to come.


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Per NJ corporate registration:

Golden Egg Development Associates, L.P.
ID: 0600008678
Filed: 12/08/1988
Last Annual Report: 03/27/2007
Agent: Vincent S. Verdiramo Esq
Agent Address: 3163 Kennedy Blvd
Jersey City NJ 07306-0000

Officers:
Joseph Avellino
55 State Park Road
Chester NJ 07306

Vincent S. Veridramo, his father, Vincent L. Verdiramo, and brother, Richard Verdiramo, are quite a colorful family.

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Stay on this stuff. The Madoff links make for fascinating reading. Rec'd.

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Probably misspelled Seaton. See Seton Hall.

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Somewhat off topic.

I heard on the MSM last night,that Ruth Madoff was author of a cookbook.

Hmmh...WHO KNEW there was a published guide on how to "Cook the Books"??

I personally want the recipe for" Living high off the Hog for Free"!

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Mrs Panstreppon

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