Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Lawyer: Zsa Zsa among Madoff's victims

|
|
 
  
Published: Jan. 25, 2009 at 7:25 PM

LOS ANGELES, Jan. 25 (UPI) -- Hollywood actress Zsa Zsa Gabor lost at least $7 million invested through businessman Bernard Madoff, accused of operating a Ponzi scheme, her lawyer said.

Madoff is accused of running a decades-long scheme that may have cost investors $50 billion. Gabor's attorney said the actress had discovered her losses in the last few weeks, the BBC reported Sunday.

Gabor, 91 -- the Hungarian-born star of such films such as "Moulin Rouge," "Lili" and "Touch of Evil" -- suffered a stroke four years ago.

Among other Hollywood figures who have reportedly lost money in their investment with Madoff are director Steven Spielberg, actor Kevin Bacon and his wife, actress Kyra Sedgwick.

Madoff is a former chairman of the Nasdaq stock market. He was arrested and charged last month. He faces up to 20 years in prison and millions of dollars in fines.

Topics: Bernard Madoff, Zsa Zsa Gabor
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Entertainment News Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
The $77 million cow pasture: "They were going to build a city. There should have been roads. There...
Police officer breaks into neighbor's home to do laundry. Fails to make a clean getaway
Florida saved 61 children from death by abuse and neglect.... by narrowing its definitions of abuse...
I have no idea what you're talking about, here's a senior citizen in a chair floating above the...
Memorial Day: how it's changed, and why some people think it should not be part of a three-day weekend...
Born in Malaysia in 1923, after 3 years as a Japanese POW during WWII, 3 years fighting for the...