Skiing Heretic: Bernard Madoff Used Ski Trips to Rob & Steal

Posted By: Zeke Piestrup on June 29, 2009 11:58 am

Interbourse dubs itself the “world’s largest winter sporting event for the financial community.”  Essentially, the annual week-long shindig thrown by the SWX Swiss Exchange is a big party at a major European ski resort for stock exchange types to mingle and drink too much.  A summary of the 37th Interbourse relates, “Livers and kidneys are suffering, grey cells are missing never to return.”  Get the picture?

Today, on the news of Bernie Madoff’s 150-year sentence, Interbourse becomes another sad footnote of the world’s largest Ponzi scheme.  So far, federal investigators have identified 1,341 investors who were scammed out of a whopping $13 billion.  Madoff used the ski events to make new contacts with biz people, bankers, and exchange heads.

At Interbourse, Madoff sponsored the London Stock Exchange Ski Club (pictured above).  A 2005 summary of the ski trip in Laax, Switzerland is interesting to read in the context of current massive fallout.  “Maddoff Securities, as ever extraordinarily generous, kindly sponsored our team kit – the envy of most of the other teams and highly sought after rugby shirts. Some of us (you know who you are) even managed to lose them. One of the ‘swift and sly’ Amsterdam chicks within a few seconds of having put it on!”

Yes, skiing makes folks very happy.  Get a smile on someone’s face, spend time with them in a camp-type environment, and relationships naturally emerge. 

Religion can be used for good or evil.  Bernie Madoff abused our shared religion of skiing to further his evil agenda.  A skiing heretic deserving of no mercy.  His sentence?  Banishment to the slopes of the Taliban-destroyed ski resort of Malaam Jaba in Pakistan

Zeke Piestrup ( More Posts)

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