Madoff Victims, Five Years the Wiser - The New York Times
Madoff Victims, Five Years the Wiser Joanne and Burt Meerow, retirees in West Dover, Vt., were among Madoff's victims.Credit...Caleb Kenna for The New York Times Dec. 7, 2013 It was the first global Ponzi scheme — a slow-motion crime wave that began in the Manhattan offices of a stockbroker named Bernard L. Madoff, spread to wealthy enclaves in Palm Beach, Fla., and Southern California, and reached as far as the Persian Gulf. It carried a breathtaking price: $64.8 billion in paper wealth and at least $17.5 billion in cash losses. Those affected ranged from carpenter-union pensioners to Fren...