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The heavy day of news continued as all three newscasts assigned a correspondent to the investigation into Bernard Madoff, the Wall Street financier accused of running his investment funds as a $50bn Ponzi scheme. NBC's Michelle Kosinski filed from Florida, where she pointed out that some of Madoff's investors were middle class rather than rich and famous. Meet Arnold and Joan Sinkin of Boynton Beach, retired carpet salesman and physical therapist, now wiped out.
CBS' Armen Keteyian pulled the bold face names from Madoff's client list: Fred Wilpon, Frank Lautenberg, Elie Wiesel, Steven Spielberg and Mort Zuckerman. For those keeping score at home, that is the owner of the New York Mets, the Senator from New Jersey, Nobel Peace Prize winner, Academy Award winning director-producer and the New York Daily News publisher. For ABC's A Closer Look, Brian Ross suggested why the funds appeared so foolproof. "Every month Madoff's victims received detailed monthly statements showing trades and investments. Authorities say they never really existed."
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