Bernie Madoff's criminal enterprise affects LA foodies
The famed Nancy Silverton was one of those who sunk her moolah into Bernie's ponzi enterprise.
It's a good thing Nancy Silverton still has her day job.Here's hoping that Nancy's sister Gail didn't lose everything along with her, as Gail is part owner of The Gelato Bar which supplies their amazing gelato to Spoon, here in Santa Barbara.
The La Brea Bakery founder and queen of L.A.'s restaurant scene is among the legions of investors who've lost their fortunes in the alleged $50-billion fraud attributed to New York financier Bernard L. Madoff.
Silverton said she learned the bad news from her father when she called him at his office as she was driving up to Napa Valley about two weeks ago.
"He said, 'I want to tell you something. Everything's gone. We lost everything.' " - Los Angeles Times
Labels: Financial, Los Angeles, Restaurant
