Here's a new twist on Madoff's $50 billion Ponzi fraud. Not only has he wiped out the retirement dreams of many married couples, but he has wreaked havoc with the settlement agreement of at least one divorced couple.
In 2006 Steven and Laura were in the process of divorcing and agreed to evenly split the $5.4 million they shared in an account with Madoff securities. Steven held onto the $5.4 million account and gave Laura $2.7 million in cash to compensate her for her half.
Fast-forward two years later: Steven discovers that the account isn't worth the paper it's printed on, plus he's out the $2.7 million he paid to Laura. He is now suing her for its return; his ex has no comment. If he loses, she may turn out to be the only Madoff investor who realized a hefty profit.