Tuesday wasn't the first time a family member visited North Carolina, according to a story in The (Syracuse, N.Y.) Post-Standard.The newspaper quotes a man identified as a retired Wachovia senior vice president who said convicted financier Bernie Madoff's sons once met with the banker "at a steakhouse in Charlotte, N.C."
Earlier this week, Bernie Madoff reported to a federal prison in Butner, about 20 miles north of Raleigh.
Click here to read The Post-Standard story.
It says:
"Dalton Givens saw the warning signs.
Madoff's sons wined and dined Givens, then a senior vice president of Wachovia Securities, at a steakhouse in Charlotte, N.C., to try to persuade Wachovia to invest in Madoff's hedge fund.
Givens, now retired from the firm and living in Boonville, said he took a few sniffs and didn't like the aroma."
The story's focus was about how a New York labor union invested $180 million in pension money in Madoff's hedge fund.
As for the banker - he was suspicious: "Generally, when you have someone that controls everything about the fund, most (investment) firms wouldn't have anything to do with it."
- Doug Miller
Posts
