Carmen Dell'Orefice

In the 1980s and 1990s, Carmen lost most of her money in the stock market. She was forced to auction off her famous modeling photographs from the 1940s-1980s through Sotheby's.
In 1994, with what little money she had left, and with money from boyfriend Norman Levy, she invested with Madoff. For twelve years, Ruth and Bernie Madoff and Carmen and Norman Levy were a "foursome," traveling and partying together on lavish yachts.
Levy died in 2005, at age 93, and Madoff was the executor of his will, which had $244 million in assets, according to Carmen. Madoff further used this money to lure in about 13,500 individuals and charities. She continued to regularly have dinner with the Madoffs after Levy's death.
In December 2008, a 68-year-old friend who invested her life savings with Madoff, telephoned Carmen to inform her that she too, had been swindled. Carmen said, "For the second time in my life, I've lost all of my life savings.".