An irritably sarcastic term for someone who spends foolishly/wastefully (money burns a hole in his pocket), habitually fails to repay loans (he made off with the money and nobody ever saw it again), or is otherwise irresponsible with money to a major degree.
Dude #1: I was asked for a loan of ten bucks by Jack Smith; I wondered what you thought of his reliability in paying it back.
Dude#2: Jack Smith?! No way, Buddy --- you don't wanna give **anything** to that moochin' jerk --- he's just a Burnie Madeoff!
Dude#2: Jack Smith?! No way, Buddy --- you don't wanna give **anything** to that moochin' jerk --- he's just a Burnie Madeoff!
by QuacksO February 16, 2018