Comments (2) Total
Montana Investors Lose $18 Million in Madoff Scandal
Madoff Montana
GREAT FALLS, Mont. – The state auditor's office says at least 33 Montana investors lost at least $18 million in Bernard Madoff's estimated $50 billion Ponzi scheme.
Lynne Egan, chief of securities examinations and licensing, says an investment adviser contacted her to report the loss incurred by himself and his clients, including his 94-year-old mother.
Egan declined to name the adviser, saying he's devastated. Egan says the adviser's clients have had money invested with Madoff since 2002 and had been receiving a monthly income from the investment.
With a confirmed victim in Montana, Egan says she can now ask for a full list of Montana investors who lost money. Egan says she expects there will be more Montana victims.
Lynne Egan, chief of securities examinations and licensing, says an investment adviser contacted her to report the loss incurred by himself and his clients, including his 94-year-old mother.
With a confirmed victim in Montana, Egan says she can now ask for a full list of Montana investors who lost money. Egan says she expects there will be more Montana victims.
Because many would never seek this information out, here it is for you. More will come. An unhappy anniversary Another forgotten anniversary that haunts the nation is the re-establishment of the gold standard in the United States by the Roosevelt administration on January 1, 1934. What?—you may…
View comments (2 total) or Submit your own