Madoff Hits Spitzer

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.