More Madoff victims

Henry Kaufman, the former Salomon Brothers economist that some of us remember as Dr. Doom, says he lost several million dollars in the alleged Ponzi scheme. "Fortunately my net worth is higher than it was at the end of last year - after working very hard to achieve that," Kaufman told the WSJ (he's been shorting the S&P 500). Kaufman added that the loss was no more than a couple of percent of his net worth. Also getting slammed, big time, were Kevin Bacon and his wife, Kyra Sedgwick. NY magazine got the confirmation from one of Bacon's people. No details, but is sounds pretty bad.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
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Should Twitter be valued at $18 billion?
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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