Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

3 of 5
BACKNEXT
Patty Brown: Madoff cheated her family
Patty Brown: Madoff cheated her family
Patty, with her brother Don Rafferty and her mother Virginia Rafferty
Brown, a 61-year-old widow in Danbury, Conn. who raised her children as a single parent, says she thought her life savings were safe with Madoff. Her brother and 91-year-old mother made the same mistake. She explained her story in a letter to Judge Chin.

"I was widowed at the age of 39 and left with two children to raise. I took my husband's life insurance money and invested with Madoff Investment Securities. Now I find that the investments I thought I owned and would carry me through my retirement years were non-existent. I am 61 years old and not yet collecting Social Security, so I am presently trying to find employment. I have had to move my mother in with me, as she lost all her money with Mr. Madoff, too. I have had to pay for home renovations to accommodate her needs and am trying to make ends meet.

"Mr. Madoff has wreaked havoc on our family. I have never lived beyond our means and had hoped that we were secure with our investments. Now, we have been cheated by Mr. Madoff."

NEXT: The Stewarts: They never knew Madoff
Last updated June 29 2009: 12:10 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
15 top-paid CEOs The 15 highest-paid corporate chiefs in America took home nearly $700 million last year -- about $47 million apiece on average. Expedia's Dara Khosrowshahi tops the list -- with $95 million in total pay. David Zaslav, who was no. 1 last year moves down to no. 15 this year. More
Driving Bentley's new SUV Spending an afternoon in Bentley's luxurious new $230,000 SUV. More
Best cars for the super-rich The Robb Report has selected these as the best new cars and SUVs for anyone who doesn't have to worry about how much they spend. More

Special Offer