During the Madoff scandal Jay Berkman, the loser son of Jerry Berkman, was writing a blog about Madoff under a pseudonym where he committed identity theft. Jay Berkman who has a felony conviction for fraud in federal court and had been sentenced to one year. His father Jerry Berkman had known several individuals, who had feeder funds for Madoff. Madoff had begun his enterprise by enlisting former members of the American Stock Exchange to find investors for him where the two became close.
NOTE JAY STUART BERKMAN was writing a blog under a phony name (not a pseudonym) and that Jay had a felony conviction in federal court. Jay had falsified a $10 million letter of credit.