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Bernie Madoff’s offices in the Lipstick building were referred to by insiders as the “North Pole.”

 

After infamous Bernie Madoff was exposed by federal authorities for orchestrating a $50 billion ponzi scheme, there were some interesting revelations about the happenings in the upper echelons of the Lipstick building in Midtown Manhattan.

According to a 2009 CNN report citing court papers, during the mid-1970s Madoff would allegedly send people out to go buy cocaine for company use.

Because of the ridiculous amount of cocaine in the office it was dubbed by insiders as the “North Pole.”

According to the Daily Mail, the fraudster would also provide “topless entertainers wearing only G-string underwear serving as waitresses.”

 

Read more: http://www.businessinsider.com/10-most-infamous-wall-street-stories-2011-11?op=1#ixzz1mUhyAwDg

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