Montrose Couple Caught Up in $50 Billion Dollar Ponzi Scheme

By: KKCO Email
By: KKCO Email

A Montrose couple say they lost $1.2 million in a ponzi scheme allegedly operated by wall street money manager Bernard Madoff, and that family members may have lost more.

Robert Chew said Wednesday his wife’s family may have lost about $30 million. The 55-year-old Chew likened the crime to “financial murder.”

The alleged scammer, Madoff was arrested last week after allegedly admitting to the $50 billion scheme and is free on $10 million bail. Prosecutors say he left investors around the world in financial ruin.

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