New Jersey State Senator Loses Life Savings in Madoff Scandal

People like this are running our country. There are probably thousands of Loretta Weinbergs scattered around the United States, preaching to you about how you should live your life while they do not have a clue about how to manage their own lives.

The Wall Street Journal reports that state Sen. Loretta Weinberg (D-Bergen) lost her life savings in Bernard L. Madoff’s alleged $50 billion Ponzi scheme.

According to the Journal, Weinberg had her savings, about $1.3 million, invested with Stanley Chais, a Los Angeles money manager and one of Madoff’s victims.

Politicker NJ