Monday, December 22, 2008

And He Looked Like Such A Kind Man....

Bernie Madoff's alleged Ponzi scheme hoodwinked tens of billions of dollars from deep-pocketed banks and hedge funds - but the 70-year-old Wall Street icon appears to have saved his most vicious losses for his closest friends.

For example, Madoff convinced one decades-long friend, a 60-something woman whose husband recently died, to hand over her entire life savings for safe keeping as his alleged fraud was unraveling - just weeks before his arrest, The Post has learned.

"She called Madoff because she didn't know what to do with her finances and he told her 'Don't worry, I'll handle everything' and then he took all her money," said a mutual friend of the two, who is disgusted at Madoff's behavior and the havoc it is wrecking in his Boca Raton-area community.

"Bernie knew her for decades, they golfed together at the Boca Rio Country Club and now she has lost everything," said the friend, who spoke on the condition of anonymity.

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