Four years ago, Suzanne Webel was looking forward to retirement. The Longmont, Colo., farmer had saved enough money to cover herself when she stopped working and help pay for her two children’s college education. She had never heard the name Bernard L. Madoff. Now, the 62-year-old Ms. Webel can’t afford fertilizer for her 80-acre farm, a necessity in the arid Colorado soil. The money she set aside for her kids is gone. And the name Madoff has become all too familiar. When Mr. Madoff’s Ponzi scheme was disclosed, the money she thought she saved over the years disappeared. “Our kids are now deep in debt,” Ms. Webel said. “We couldn’t afford to pay their bills, so they had to take out huge loans, and they will have to be saddled with that for 40 years. And our retirement funds are gone.” More in the Wall Street Journal here.
