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Bernie Madoff: 6 Famous Victims of His Ponzi Scheme

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December 11, 2008, was the beginning of a financial nightmare for thousands of people after word got out that financier Bernie Madoff was arrested for running the biggest Ponzi scheme in U.S. history.

While the media initially touted Madoff’s fraud as having run upwards of $50 billion, prosecutors would later raise the estimate to $65 billion among his 37,000 victims, who ranged from prominent figures in business and media and hardworking, everyday people to nonprofit charities.

Many of his victims emerged to share their stories as part of a larger narrative of the shocking fraud, it was his celebrity clients who made the biggest headlines.

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Some public figures chose to stay relatively quiet about their association with Madoff. Before her death in 2016, Hungarian-born actress Zsa Zsa Gabor had reportedly lost between $7 to $10 million from investing with the money manager, while Hollywood bigwig Steven Spielberg’s Wunderkinder Foundation also took a substantial hit, although the dollar amount was never disclosed.





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Davistech Adewumi (CEO DAVISLOADED) is a Nigerian news carrier blogger, writer, entrepreneur, SEO Expert, Tech Guru and a web developer. We bring you the Nigerian News, Music, Sport Talk and All Informative Messages On This Medium. Connect With Me Via: IG/Twitter: @davisloaded Call/Whatsapp: +2349038173068

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