Daily Archives: October 21, 2009

Madoff office work environment fueled by heavy drug use and “sexual deviance”

A legal complaint filed yesterday by California-based lawyer Joseph Cotchett, who represents about a dozen victims of Madoff’s multi-billion dollar investment Ponzi scheme, describes the Madoff work environment as “a culture of sexual deviance” and containing massive drug use.

According to the lawsuit, employees described drug-fueled “wild office parties” hosted at Madoff’s headquarters that featured topless waitresses and sexual encounters on “their boss’ sofa.” 

The lawsuit alleges that from 1975 to 2003, Madoff had a designated employee supply the office with such massive amounts of cocaine that insiders referred to the Madoff office as “The North Pole.”

“Madoff’s affinity for escorts, masseuses and attractive female employees was well known in the office culture,” the complaint says. “A significant amount of the money stolen from investors went towards these lavish indulgences as well as other expenses for his employees, family and favorite feeders.”

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How workplace bullying can ruin your health

In an article that discusses how widespread workplace bullying has become in Macedonia (a recent survey shows that 41% of workers say that they have been bullied at work), the author provides the following quote from a victim who describes the impact that her hostile work environment has had on her health and on her career:

“I have 15 years seniority over the human resources officer and the highest level of education. Eight years ago, I was the head of the department, but in the last two years I have been [systematically] demoted. Now I drink daily, take 10 pills, and have been referred to the neuropsychiatry patient clinic – all because of the pressure on me to perform in a new managerial structure at the organization where I work.” Declining to give her name for fear of retribution, 42-year-old A.S. says she doesn’t know what to do or where to complain.

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