Madoff investment scandal Madoff struggled to keep the scheme afloat. In November 2008, Madoff Securities International (MSIL) in London made two fund transfers to Bernard Madoff Investment Securities of approximately $164 million. MSIL had neither customers nor clients, and there is no evidence that it conducted any trades on behalf of third parties. Madoff received $250 million around December 1, 2008, from Carl J. Shapiro, a 95-year-old Boston philanthropist and entrepreneur who was one of Madoff's oldest friends and biggest financial backers. On December 5, he accepted $10 million from Martin Rosenman, president of Rosenman Family LLC, who later sought to recover the
The Pyramid Companies continue to enforce this policy, it shifted some of the blame to anchor tenant Macy's, who was a major proponent of Thanksgiving sales nationwide, for pressuring the mall into adopting the policy. The Pyramid Companies The Pyramid Companies (also known as Pyramid Management Group) were formed in 1970 in Syracuse, New York by Robert J. Congel. The first three malls the company built were the Pyramid Mall Johnstown in Johnstown, New York, Pyramid Mall Fulton in Fulton, New York, and Pyramid Mall Oneonta in Oneonta, New York. All three malls opened in 1972. Each mall featured a White-Modell's department store