Industry News

Could a venerable reelmaker become collateral damage?

Andrew Madoff

Fortune Magazine
February 2, 2009
Page 19

FLY FISHERMEN maybe the next subculture tangled up in the Madoff mess, thanks to Bernard Madoff's younger son, Andrew. As the alleged $5o billion Ponzi scheme continued to claim victims including Manhattan philanthropists, Florida retirees, and Minnesotans (see page 8o), anglers worried how its fallout might affect Abel Automatics, a California-based maker of fly-fishing gear part-owned by Andrew Madoff, 42. Andrew, like his brother, Mark, 44, worked at the separate market-making side of the family firm and frequents fly-fishing hot spots like Baja California and the Catskills...