450 Californians burned by Madoff's P...

450 Californians burned by Madoff's Ponzi scheme

There are 1 comment on the Contra Costa Times story from Jul 7, 2009, titled 450 Californians burned by Madoff's Ponzi scheme. In it, Contra Costa Times reports that:

When Wall Street financier Bernard Madoff was carted off to prison in disgrace last week, he left behind thousands of investors in financial ruin.

Join the discussion below, or Read more at Contra Costa Times.

Popcorn

San Jose, CA

#1 Jul 7, 2009
Another prime example of greed, elderly folks should never put their life savings on risky investments that promise fantastic returns. Did they even consult a financial adviser who can manage their money by investing them in securities protected by the FDIC?

There's a price to pay for such costly mistakes.

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