Report: Larry King the Latest Big Loser in Bernie Madoff Scandal
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Larry King may want to put off buying any new suspenders.
The longtime host of CNN's "Larry King Live" lost over $1 million from investments he made with alleged Ponzi-scheme master Bernie Madoff, a source tells the New York Post.
"It was a lot of money," the insider told the newspaper.
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If the reports are accurate, King would join a long list of high-profile investors, including married actors Kevin Bacon and Kyra Sedgwick, who were swindled out of investments totalling in the billions of dollars.
RELATED: Fox Business coverage of the Bernie Madoff scandal.
At least King, 75, has some experience with financial troubles to fall back on.
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He declared bankruptcy in 1978, and 2006, he sued an insurance brokerage, saying he was cheated in conncetion with $15 million in life-insurance policies.
King also makes $7 million a year, so keep those violins in their cases for now.