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Larry King says he and wife invested almost $1M with Madoff but got it back after scam exposed
GLENDALE, Calif. (AP) ' Larry King says he invested $700,000 with Wall Street scammer Bernard Madoff (MAY'-dawf) but was lucky enough to get it all back.
The veteran journalist tells the syndicated TV news show "Extra" that he and his wife got money back from the Madoff estate and from the government for taxes they paid on stock they never had.
Madoff never made investments but used money from new investors to pay previous ones. He pleaded guilty to fraud and is imprisoned. His wife says in a CBS "60 Minutes" interview that they tried to kill themselves after he confessed.
King told "Extra" on Thursday that he thinks Ruth Madoff came forward to help her daughter-in-law's new book about her husband, Mark Madoff. He hanged himself with a dog leash last year on the anniversary of his father's arrest.