Help Wanted: No Madoffs Need Apply

Even those cleared of wrongdoing can't find finance work
By Harry Kimball,  Newser Staff
Posted Dec 10, 2009 11:40 AM CST
Help Wanted: No Madoffs Need Apply
Bernard Madoff arrives at Federal Court last January.   (AP Photo)

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. (More Bernard Madoff stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X