Shana Madoff

Shana Madoff
Born
Shana Diane Madoff

(1967-12-08) December 8, 1967 (age 56)
Queens, New York, U.S.
Other namesShana Madoff Skoller Swanson
EducationUniversity of Michigan
Fordham Law School
Occupation(s)Rules and compliance officer and attorney, yoga teacher
Years active1995–2008
EmployerBernard L. Madoff Investment Securities
Known forCompliance officer/attorney at uncle Bernard Madoff's firm, which engaged in the largest financial fraud in U.S. history
SpouseEric Swanson
Children2[1]
ParentPeter Madoff (father)

Shana Diane Madoff (/ˈmeɪdɔːf/ MAY-doff;[2] born December 8, 1967), sometimes referred to as Shana Madoff Skoller Swanson, is an American former attorney who is now a yoga teacher.[3][4]

She is the daughter of Peter Madoff, and a niece of Bernie Madoff, who employed her as a compliance officer and attorney at Bernard L. Madoff Investment Securities (BLMIS) from 1995 until 2008.[5] In December 2008 BLMIS was discovered to be a $65 billion Ponzi scheme, and closed as part of the Madoff investment scandal.[6][7][8] Her uncle Bernard Madoff was sentenced to 150 years in prison for the scheme, and her father, who was her boss at the company and the chief compliance officer, was sentenced to ten years in prison.[9]

In 2007,[10] she married Eric Swanson, a former Assistant Director of the Office of Compliance Investigations and Examinations at the U.S. Securities and Exchange Commission (SEC).[11] She and Swanson met originally in April 2003 when the SEC performed an inadequate examination as to whether Bernie Madoff was front running customer orders—completely missing the multibillion-dollar Ponzi scheme that her own cousins (Bernie's sons) would expose in December 2008.[6][12][13][14][15][16][17]

No criminal charges have ever been filed against her regarding her role at BLMIS.[18] In 2015, U.S. Marshals auctioned 420 lots of assets belonging to Shana Madoff and her father Peter, pursuant to a court order.[19]

  1. ^ [1][dead link]
  2. ^ "Voice of America pronunciation guide". Voice of America. Archived from the original on July 18, 2011.
  3. ^ "WEDDINGS - Shana Madoff and Scott Skoller". The New York Times. December 7, 1997. Retrieved June 26, 2016.
  4. ^ "Teacher Profile | Yoga Alliance". yogaalliance.org. Archived from the original on January 26, 2016. Retrieved January 6, 2016.
  5. ^ Cohn, Scott (December 10, 2018). "10 years later, here's what became of Bernie Madoff's inner circle". CNBC. Retrieved February 1, 2024.
  6. ^ a b Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme. Diane Publishing. 2010. ISBN 9781437921861.
  7. ^ Jerry Oppenheimer (2009). Madoff with the Money. John Wiley & Sons. ISBN 9780470572818.
  8. ^ Peter J. Sander (2009). Madoff: Corruption, Deceit, and the Making of the World's Most Notorious Ponzi Scheme. Lyons Press. ISBN 9781599218113.
  9. ^ Lattman, Peter; Henriques, Diana B. (December 20, 2012). "Peter Madoff Is Sentenced to 10 Years for His Role in Fraud". New York Times: DealBook. Retrieved February 5, 2016.
  10. ^ Cite error: The named reference SEC-Vanity-Fair-article-exhibit was invoked but never defined (see the help page).
  11. ^ Profile, https://www.sec.gov/news/studies/2009/oig-509.pdf (page 392); accessed February 4, 2016.
  12. ^ Cite error: The named reference scribd1 was invoked but never defined (see the help page).
  13. ^ Cite error: The named reference foxbusiness1 was invoked but never defined (see the help page).
  14. ^ Cite error: The named reference Alexander Davidson 2010 was invoked but never defined (see the help page).
  15. ^ Cite error: The named reference Charles Gasparino was invoked but never defined (see the help page).
  16. ^ Williamson, Elizabeth (December 22, 2008). "Shana Madoff's Ties to Uncle Probed". Wall Street Journal. Retrieved February 15, 2013.
  17. ^ Nigel Da Costa Lewis (2012). The Fundamental Rules of Risk Management. CRC Press. ISBN 9781439816189. Retrieved February 14, 2013.
  18. ^ Riley, John. "Witness recounts Madoff effort to hide scheme". Newsday. Retrieved February 6, 2016.
  19. ^ "U.S. Marshals Holding Auction of Peter and Shana Madoff Assets". U.S. Marshalls. U.S. Department of Justice. Archived from the original on June 21, 2015.