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Zsa Zsa Gabor lost millions due to Madoff: lawyer

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:36 PM
Original message
Zsa Zsa Gabor lost millions due to Madoff: lawyer
Source: Reuters

SAN FRANCISCO (Reuters) - Actress Zsa Zsa Gabor has lost at least $7 million as a result of investments with accused financial swindler Bernard Madoff, her lawyer said on Saturday.

The losses could be as much as $10 million, lawyer Chris Fields said.

He added that Gabor, who is listed in entertainment reference sites as being 91, was not taking the damage to her nest egg well, having only discovered it in recent weeks.

The Hungarian-born actress, famed for her rich husbands and calling everyone "Darling," suffered a stroke in 2005.

Madoff, 70, is accused of running a worldwide fraud that authorities say may have cost investors $50 billion. The once-respected money manager is out on $10 million bail and living under guard in his Manhattan penthouse apartment.

Read more: http://www.reuters.com/article/newsOne/idUSTRE50N215200...



okay, a 91 year old having suffered a stroke is what is determined to be "sophicated investor" by our illustrious "market experts" - this is such a freakin' joke I wish I could laugh at the stupidity
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:41 PM
Response to Original message
1. She should tell her hubbie The Baron to get a job
I really don't have much sympathy for her or the leech she married. He seemed to be all over the place, trying to claim parentage of Anna Nicole Smith's kid, when money was involved. :shrug:
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 08:49 PM
Response to Reply #1
18. Well Zsa's pretty much out of it.
But you're right about that piece of shit she's married to.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:46 PM
Response to Original message
2. he swindled everyone it seems
if he was in china he`d be dead by now....
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Jamastiene Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:52 PM
Response to Original message
3. They had better watch out.
She'll COLD COCK their asses. Might be the only punishment they ever get.
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cornermouse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 12:47 AM
Response to Original message
4. I'm still angry about the fact that he isn't sitting in a jail cell.
The "living under guard" is probably more to protect him from his former investors rather than to prevent him from getting on a plane and flying to a country we have no extradition treaty with.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 12:51 AM
Response to Original message
5. That is so ironic....
if memory serves, her main function was serial marriages to rich men.
All that work for nothing.
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RCinBrooklyn Donating Member (421 posts) Send PM | Profile | Ignore Sun Jan-25-09 02:02 AM
Response to Original message
6. Who cares?
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david13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 11:41 PM
Response to Reply #6
9. Oh
we all care. As my mother used to say "ah, poor little rich girl".
dc
(chuckle)
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xxqqqzme Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 02:29 AM
Response to Original message
7. I'm guessing she didn't do the investing.
Someone 'managing' her accounts 'invested' it for her.
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lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 03:45 AM
Response to Reply #7
8. And such an investment manager ought to be shot.
As elderly retired people, Ms. Gabor should have been completely out of all risky investments and only in CDs and T-bills with short maturity periods. That, and as many FDIC accounts at different banks as possible.

No need to be suckered in to Mr. Madoff's schemes.
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 11:42 PM
Response to Original message
10. He'd better hide. Pissed off Hungarian women will fuck you up.
Trust me on that one. :scared:
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david13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 12:26 AM
Response to Reply #10
11. Like that cop
she got into a hassle with? Was that the outcome?
Haha
dc
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mitchum Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 09:43 AM
Response to Original message
12. Easy come, easy go (it's not as if she actually worked for it)
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Bonobo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 10:19 AM
Response to Original message
13. Goodbye city life!
Green acres we are there!
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Bake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 11:05 AM
Response to Reply #13
14. Good one, but that was her sister, Eva Gabor.
Bake
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 08:50 PM
Response to Reply #13
19. That was the GOOD Gabor ... Eva!
But you get MAJOR props for that one!
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Bonobo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 09:51 PM
Response to Reply #19
21. Daaaamn, I was hoping for a DUzy.
:(
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 10:36 PM
Response to Reply #21
22. I think you should get one for that anyway.
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TEmperorHasNoClothes Donating Member (356 posts) Send PM | Profile | Ignore Mon Jan-26-09 11:32 AM
Response to Original message
15. but how did she get the money in the first place LOL
I could care less about Zsa Zsa-- I care about the charities that lost money.
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NJCher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 11:43 AM
Response to Original message
16. Joan Rivers
I heard Joan Rivers say that many Hollywood celebs lost their fortunes with Bernie. She said there are a lot of very depressed people in show biz these days.



Cher

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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 08:51 PM
Response to Reply #16
20. Kevin Bacon lost a bunch of money too.
Kevin's a nice guy. I've met him.
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Fire1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 05:45 PM
Response to Original message
17. Alot of celebrities are going to have to sharpen their cooking' skills.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 11:08 PM
Response to Original message
23. check out the list of investors
these are HUGE amounts of money..unbelievable


http://clusterstock.alleyinsider.com/2008/12/bernie-mad...
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