"God Bless the Dream, the Dreamer and the Result." 

Thursday, December 10, 2009

Help Wanted: No Madoffs Need Apply

Add his former employees to the list of of Bernard Madoff's victims—and that includes his sons. Wherever it appears, the Madoff name on a résumé is toxic for those trying to continue to work in finance, experts say. Mark Madoff, who worked for his father for 20 years, is reportedly trying to find a job in trading. Fat chance, one employer tells the Wall Street Journal: “He's untouchable in any firm that deals with the public.”

Family members aren’t the only ones touched by the noxious name. “I'll never get a job in finance,” says a former Madoff secretary and budding hairdresser. Still, she has perspective. “I'm one of the lucky ones.” Case in point: Another former employee is trying to recover $200,000 she invested with Madoff, but the hurdles are higher for insiders. And she’s job-hunting. “I need someone who doesn't care about Madoff,” she says. Good luck.


Anonymous said...

It's not surprising that the Madoff offsprings will have problems finding employment after the sour taste Madoff senior has left in the mouths everyone he's had his hands on. And let's not forget the fact that because he's ruined so many lives, his children are going to be forever connected with it.

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