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2009
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23
NOVEMBER 2009
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Heh

Madoff Hits Spitzer

CS - Spitzer
Stephen Chernin/AP

Disgraced former New York governor Eliot Spitzer's bad year keeps getting worse: having thrown up a glittering career that might have made him favorite to assume Hillary Clinton’s empty Senate seat, you can now add him to the list of victims of Bernard Madoff's $50 billion scam. Spitzer confessed at a weekend holiday drinks party that he too had been hit by Madoff’s Ponzi scheme, reports The New York Times. This is a double embarrassment for Spitzer, who was once praised as the "Sheriff of Wall Street" for his unflinching toughness when it came to running down financial fraudsters. The exact figure Spitzer lost remains unknown, for now.

Posted at 7:44 AM, Dec 19, 2008
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Comments ()
jms8038

Ha ha ha ha ha ha ha ha...gotta love karma!

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10:11 am, Dec 19, 2008

This comment has been removed by The Daily Beast's editors.

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10:19 am, Dec 19, 2008
southred8

What goes around comes back..poor baby...nobody will love you now

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3:48 pm, Dec 19, 2008
ep082004

Interesting. Mr. Spitzer spent his time tracking down minor infractions against Strong Capital, yet doesn't even realize the guy investing his money is running a scam. The Sheriff of Wall Street? I don't think so.

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2:08 pm, Jan 12, 2009
hoarfrost

careless deposit?

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1:26 am, Mar 21, 2009
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