Martin Rosenman, the Bronx-based businessman who wired $10 million of his family’s life savings into Bernie Madoff’s account just a few days before Madoff confessed his entire business was a Ponzi scheme, is officially shit out of luck. Rosenman had hoped to extract his funds from the pool, since there was, after all, a chance Bernie hadn’t gotten his hot little hands on them yet. But, alas. According to the Journal:
The judge indicated he believed Mr. Rosenman was “indistinguishable” from other similarly situated customers of the Madoff firm and there was no basis for giving him special treatment to recover the funds deposited for investment.
Well. That’s not very nice. You’re special, Martin. Don’t let them tell you any different.
Investor’s Suit Is Dismissed [WSJ]