NYC Mayor Bill DeBlasio branded a ‘buffoon’ for saying Madoff’s death wasn’t ‘time to dance to graves’
New York City Mayor Bill de Blasio has been labeled a “ buffoon ” because he said the death of Bernie Madoff, whose $ 64 billion criminal Ponzi scheme ruined thousands of lives, “ was no time to dance on a grave. ‘.
At a press conference Wednesday, de Blasio was asked about his response to the death of the famed fraudster, who died of natural causes at a federal correctional facility in Butner, North Carolina, Wednesday.
‘Look, [it’s] a very sad episode in the history of this city, and unfortunately many people have been injured, ”he said.
The day someone passes by is not a time to dance on a grave, but let’s be honest: a lot of people have been hurt by his actions.
“It’s time to hopefully turn the page and move on,” he said.
His comments were met with anger online.
Fox Business personality Charles Gasparino tweeted, ‘Comrade Bill shows sympathy for the devil – De Blasio says Bernie Madoff’s death is’ no time to dance on a grave.’
Another user, Ethan Mackin, wrote, “As usual, this buffoon picks the important battles.”
Disgraced financier Bernard Madoff is leaving US court in Manhattan after a bail hearing in New York in January 2009. He died Wednesday at the age of 82.
Mayor Bill de Blasio, who is leaving office in November, said Madoff’s death ‘was no time to dance on a grave’
Some Twitter users did not share De Blasio’s ‘sympathy for the devil’, with one calling him a ‘buffoon’
Madoff carried out the largest Ponzi scheme in US history, cheating 37,000 victims in 136 countries of $ 64 billion.
Madoff’s plan involved turning it into another from one victim. He managed to keep it going for two decades before finally being arrested in 2008 after his two adult sons turned him in.
Madoff’s victims included celebrities, billionaires, and people who could barely afford to invest with him in the first place. Some lost everything and at least one committed suicide because of the fraud.
High-profile victims included Jeffrey Katzenberg, the former president of Walt Disney Studios, who lost millions after investing in Madoff’s finance company through Gerald Breslauer.
Prominent Holocaust survivor, author and Nobel laureate Ellie Wiesel, who died in 2016, reportedly lost $ 15 million.
Hollywood A-listers Steven Spielberg, couple Kevin Bacon and Kyra Sedgwick and John Malkovich also all lost undisclosed amounts.
Hollywood power couple Kyra Sedgwick and Kevin Bacon were among Madoff’s high-profile victims. His two-decade Ponzi scheme cheated 37,000 victims with their savings
Former Walt Disney Studios Chairman Jeffrey Katzenberg, left, who lost millions after investing in Madoff’s finance company and Holocaust survivor Ellie Wiesel, right, who won the Nobel Peace Prize in 1986, reportedly lost $ 15 million
Zsa Zsa Gabor, Hungarian-born celebrity, and talk show host Larry King also lost significant investment due to the Ponzi scheme.
Other victims included Norman Braman, Philadelphia Eagles owner, former Democratic New Jersey Frank Lautenberg, whose charity invested $ 12.8 million, and businessman Ira Rennert, who reportedly lost a whopping $ 200 million.
New York hedge fund manager Charles Murphy, whose fund lost $ 50 million in Madoff’s plan, jumped off the 24th floor of the Sofitel New York Hotel in 2017.
French financier Rene-Thierry Magon de la Villehuchet committed suicide in Manhattan in 2008 after losing more than $ 1 billion in the Ponzi scheme.
The consequences were also strongly felt by the Madoff family.
One of Madoff’s sons, Mark, hanged himself in December 2010 on the second anniversary of his father’s arrest, and his other son Andrew died of lymphoma in 2014. Madoff’s wife Ruth moved to Greenwich, Connecticut, after his arrest, to go into exile to live. She never divorced her disgraced husband, but claims to stop talking to him after their son Mark’s suicide.
In December 2008, Madoff was arrested in his Upper East Side penthouse after Mark and Andrew turned him in. He had confessed to them that there was no money in their family office, Bernard L. Madoff Investment Securities, and said it was all one big. lie’.
‘He said everything I’ve done is all a big lie. He said, the company is a Ponzi scheme, and the company is completely insolvent and I’m broke. And then he just started sobbing, ” Andrew told CBS 60 Minutes in 2011.
Madoff’s plan was overthrown in the aftermath of the 2008 crash, when many of his clients came asking for the money they had invested.
Meanwhile, De Blasio’s popularity has sunk in the wake of the Covid pandemic and riots and looting that took place in New York City last summer in the wake of George Floyd’s death.
A Siena poll found in January that he had an approval score of only 28%, while former mayor Rudy Giuliani scored higher.
De Blasio will complete his second and final term in office on Nov. 2, with hopeful Democrat Andrew Yang currently favored to take his place.