While the estimated 50 billion dollars lost in the Bernard Madoff Ponzi scheme is undoubtedly a staggering amount of money, what’s even more staggering is the effect Madoff’s criminality is having on his victims.
- Take, for example, Rene-Thierry Magon de la Villehuchet, who was found sitting at his desk on Tuesday with both wrists slashed. The 65 year-old de la Villhuchet, who ran Access International Advisors, lost approximately one billion dollars of his clients’ money as a result of Madoff’s 50 billion dollar pyramid scheme.
- And then there’s the Elie Wiesel Foundation for Humanity, , which lost just over 15.2 million dollars as a result of the Madoff pyramid scheme. The 15.2 million dollars lost by the Wiesel Foundation represents nearly all that foundation’s assets.
- And poor Eliot Spitzer is alleged to be a victim of the Madoff pyramid scheme. 2008 was bad enough for Eliot Spitzer, so the last thing he needed was to be bilked out of money by a con artist.
Fifty billion dollars is a heck of a lot of money, but it’s important to remember that behind those dollars and cents are real people; people like the ones listed above.