Now afflicted with Alzheimer’s disease, Howard Frucht probably never will realize he is a suspected victim of disgraced investment adviser Bernard Madoff, Frucht’s daughter, a resident of Oshkosh, said Thursday.
But Abby Frucht said it breaks the hearts of her and her sisters to know the money their father saved while working as a doctor in New York, a little less than $1 million, could be lost in Madoff’s alleged $50 billion Ponzi scheme.
“For those of us who know him and know how important it was to him to take care of himself and his wife and everybody else he loved, it’s just been a tragedy,” Abby Frucht said
Howard Frucht’s name was among thousands on a 162-page list of people believed to be clients of Madoff. The list, disclosed in a U.S. Bankruptcy Court filing in Manhattan on Wednesday, includes some famous names – Baseball Hall of Fame pitcher Sandy Koufax, broadcast host Larry King, actor John Malkovich, New York Mets owner Fred Wilpon and World Trade Center developer Larry Silverstein – along with many business people, charities and even his own lawyer.
[These are the first 4 grafs of a Journal Sentinel article. Here’s link to the whole story to uphold the spirit of fair use within copyright law, yadda, yadda, yadda…]
[ref]=[http://www.jsonline.com/business/39184997.html]
Money isn’t the root of all evil,
love of money isn’t quite it either.
The root ISÂ Bernard Madoff…