Madoff's Alleged Ponzi Scheme Destroys Life Savings, Sends Elderly Back to Work

To Abby Frucht, Bernard Madoff is "the Wizard of Oz." She says her father, 84-year-old Howard Frucht, invested heavily with Madoff with a kind of blind faith that consistent, positive returns built up over the more than decade. But in December, the curtain was finally pulled back on Madoff and he was arrested for allegedly orchestrating the largest Ponzi scheme in history. Instantly, hundreds of Americans realized their faith and money had been placed in nothing more than smoke and...Full Story
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