For Madoff Victims, Scars Remain 10 Years Later
Two of Bernie Madoff's victims share how their lives were affected by the Ponzi scheme that imploded ten years ago. They recovered much of what they invested, but were still harmed by the scam.
by Jim Zarroli
Dec 23, 2018
4 minutes
Steve Heimoff remembers coming home from a restaurant December 10, 2008, to find an email from a cousin with the words "Bad news" in the subject line.
The $2 million retirement nest egg he had counted on was suddenly wiped out, as was much of the savings of his relatives, casualties of the multibillion-dollar Bernie Madoff scam that was dominating the headlines.
Long touted as a Wall Street genius who racked up big gains no matter how the economy was doing, Madoff had just been arrested, confessing to federal authorities that his investment firm was a fraud.
Instead of
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