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
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More

Special Offer