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Larry King: I got back almost $1M after Madoff con

Friday, October 28, 2011
*** FILE *** In an image provided by CNN, talk show host Larry King is shown on the set of his program Larry King Live at the CNN studios in Los Angeles, Thursday, March 17, 2005. King, who interviewed statesmen and stars from a prime-time perch at CNN for 25 years but has faded in ratings and influence lately, said Tuesday June 29, 2010 that he will step down this fall from his nightly show. (AP Photo/CNN, Rose M. Prouser, File)

*** FILE *** In an image provided by CNN, talk show host Larry King is shown on the set of his program "Larry King Live" at the CNN studios in Los Angeles, Thursday, March 17, 2005. King, who interviewed statesmen and stars from a prime-time perch at CNN for 25 years but has faded in ratings and influence lately, said Tuesday June 29, 2010 that he will step down this fall from his nightly show. (AP Photo/CNN, Rose M. Prouser, File) (AP Photo)

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  Associated Press

GLENDALE, Calif. (AP) -October 28, 2011 (WPVI) -- Larry King says he invested $700,000 with Wall Street scammer Bernard Madoff but was lucky enough to get it all back.

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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.

(Copyright ©2013 WPVI-TV/DT. All Rights Reserved.)


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