Gone in a flash - Former Bay Shore residents cheated out retirement money by Madoff Ponzi scheme
News 12 Staff
Updated on:Apr 14, 2021, 12:45pm EDT
Bernie Madoff, the man who scammed investors out of more than $60 billion, has died. His Ponzi scheme devastated countless lives, including some on Long Island.
News of Madoff s death at 82 in federal prison was the first Dominick and Ronnie Sue Ambrosino saw on the news this morning. The couple used to live in Bay Shore and now live in Surprise, Arizona.
Ronnie Sue says she invested with Madoff for decades and lost all of the couple s retirement money.
Disgraced Ponzi scheme architect Bernie Madoff dies in prison at 82 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.