Friday, February 20, 2009

How Bernie Madoff has Screwed people out of their millions


Anyone taking secret delight in watching fat cats lose their fortunes in the Bernie Madoff meltdown should watch : you could get dragged in before the final tally is made. Pensioners, municipal workers, students on scholarship and middle-class Americans all are likely to be burned by the spectacular flare-out of Bernard L. Madoff Investment Securities. The scandal is estimated to have cost investors upward of $50 billion and may be one of the biggest Ponzi schemes on record.

SOME FAMOUS VICTIMS INCLUDE:

ERIC ROTH: The Golden Globe-nominated screenwriter of “The Curious Case of Benjamin Button” reportedly lost millions of dollars to Madoff. He's now suing his investment manager, Stanley Chais, whom Roth claims “simply handed over the entirety” of millions of dollars to Madoff’s company. Roth also told the Los Angeles Times that he was “the biggest sucker that ever walked the face of the Earth.

JEFFREY KATZENBERG: The DreamWorks Animation CEO doesn't even know Bernie Madoff but according to the WSJ, Katzenberg lost millions of dollars through longtime financial adviser Gerald Breslauer. Breslauer also handles Katzenberg pal Steven Spielberg's money and likely lost a lot of his own dough with Madof

KEVIN BACON and KYRA SEDGWICK: Unfortunately for this pair, it looks like everyone really is connected to Kevin Bacon, including Bernie Madoff. The celebrity couple's rep announced they lost everything except their checking accounts and the land they owe

WHAT DO YOU DO IF YOU GOT SCAMMED BY MADOFF? DO YOU HAVE SYMPATHY FOR HIS VICTIMS? TO CHECK OUT THE LATEST LIST OF VICTIMS GO TO: http://www.businessinsider.com/victim-j-ezra-merkinascot-partners


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