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Madoff Grandkids May Change Name

It's not easy being related to a Ponzi schemer

By Evann Gastaldo,  Newser Staff

Posted Feb 2, 2009 8:57 AM CST

(Newser) – What to do if you’re the innocent grandchild of a Ponzi schemer, feeling the public backlash at your ritzy uptown prep school? Change your name—at least, that’s what the family of Bernie Madoff is considering for his grandkids, the New York Post reports. Good luck, little Madoffs—classmates probably already know who you are.

Disgraced financier Bernard Madoff leaves court after a bail hearing in New York, Jan. 5, 2009.
Disgraced financier Bernard Madoff leaves court after a bail hearing in New York, Jan. 5, 2009.   (AP Photo)
This file photo shows Bernard Madoff returning to his Manhattan apartment after making a court appearance.
This file photo shows Bernard Madoff returning to his Manhattan apartment after making a court appearance.   (AP Photo)
Besieged money manager Bernard Madoff arrives at federal court in New York, Jan. 14, 2009.
Besieged money manager Bernard Madoff arrives at federal court in New York, Jan. 14, 2009.   (AP Photo)
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COMMENTS
Showing 3 of 3 comments
wwwonderer
Feb 4, 2009 11:39 PM CST
The question is will they renounce those trust funds, IF it is tainted with this money. Doubt it. IN fact have we heard ANY Madoff-related people willing to give up their vast fortunes.
Newser001
Feb 2, 2009 5:27 AM CST
I believe it excess - They had no part in HIS game... And we know it.
Caps
Feb 2, 2009 12:21 AM CST
Well who can blame them? I believe I would too.

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