Madoff didn’t like his WSJ hedcut
Ashby Jones of The Wall Street Journal reports that convicted Ponzi schemer Bernie Madoff disapproved of his hedcut in The Journal that accompanied a 1992 article.
The disclosure was made at a trial Wednesday involving some of Madoff’s associates.
Jones writes, “After asking whether the maneuvers helped the Madoff firm ‘dodge a bullet,’ (‘most certainly,’ responded Mr. DiPascali), prosecutor John Zack asked Mr. DiPascali about an article on the accounting firm and Mr. Madoff that ran in The Wall Street Journal on Dec. 16, 1992.
“Mr. DiPascali responded that he and Mr. Madoff were ‘ticked off’ to get the publicity. ‘Low key, under the radar, is where we wanted to operate,’ said Mr. DiPascali. The front of the ‘C-Section of The Wall Street Journal is not under the radar.’
“That said, Mr. Madoff didn’t have any issues with the content of the article, according to Mr. DiPascali. But Mr. Madoff was none too pleased with the hedcut that ran with the article, said Mr. DiPascali, calling the depiction Mr. Madoff’s ‘biggest concern.’
“Added Mr. DiPascali: ‘He didn’t like the way he looked . . . He said it made his cheeks look too big.'”
Read more here.