Bill Maher, Seth MacFarlane, Larry King
Chris Pizzello  /  AP
FILE - In this Sept. 14, 2010 file photo, broadcaster Larry King is shown in Los Angeles. Larry King says he invested $700,000 with Wall Street scammer Bernard Madoff but was lucky enough to get it all back. (AP Photo/Chris Pizzello, file)
updated 10/28/2011 4:07:20 AM ET 2011-10-28T08:07:20

Larry King invested $700,000 with Wall Street scammer Bernard Madoff but was lucky enough to get it all back, the veteran journalist told the syndicated TV news show "Extra."

King said 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.

Video: Ruth Madoff: 'We decided to kill ourselves' (on this page)

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.

Story: Madoff: 'I feel safer' in prison than outside

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.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Video: Two Madoff victims living on pensions, Social Security

  1. Transcript of: Two Madoff victims living on pensions, Social Security

    BRIAN WILLIAMS, anchor: And speaking of disconnects, the man who got filthy rich in a Ponzi scheme at the expense of so many people and so many charities is back in the news tonight, his family is as well, and many of the people who suffered so much are outraged that the Madoffs are now once again getting so much attention. The story from NBC 's Ron Allen .

    RON ALLEN reporting: Retirees Judith Welling and Dewitt Baker now live on pensions and social security . Gone is $2 1/2 million invested with Bernie Madoff .

    Ms. JUDITH WELLING: We are rather, at this point though, resentful of the Madoff family looking for sympathy.

    Mr. DEWITT BAKER: Oh, God.

    ALLEN: When Madoff faced a judge almost three years ago for orchestrating an estimated $80 billion Ponzi scheme , and charities alone lost a billion dollars, his victims gathered at the courthouse, their outrage clear.

    Unidentified Man: I think the only thing he's sorry about is that he got caught.

    ALLEN: And now many feel victimized again as the Madoffs do television interviews talking about their own tough times while launching books with their side of the story.

    Ms. RUTH MADOFF: We took pills and woke up the next day.

    ALLEN: Madoff 's estranged wife Ruth talking about how the couple tried to commit suicide, and Bernie Madoff in a jailhouse interview.

    Ms. BARBARA WALTERS: And so he is happier there than he was on the outside.

    ALLEN: And Mrs. Madoff tells her story live on the "Today" show Monday.

    Mr. RICHARD FRIEDMAN (Madoff Victim): I don't think anything the Madoffs say, ever, you can really believe in because they've been proven liars.

    Ms. CYNTHIA FRIEDMAN (Madoff Victim): It just makes me ill. It really does.

    ALLEN: Richard and Cynthia Friedman say they're still trying to figure out how much they lost while putting off retirement. And today reaction to the Madoff interviews has been spiking on Internet news websites and social media , with more Madoff victims venting. "Did they try to smother themselves in a big bag of money," writes a woman in California who says she lost millions. Welling and Baker say they've received a small amount of compensation money, but they're in the minority. Most victims can only hope the Madoffs ' books raise more money that somehow find its way to them. Ron Allen , NBC News, New York.


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