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Queen of cosmetics looses money on Madoff

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The Queen

The french queen of cosmetics, Liliane Bettencourt, who is the world’s 17. richest woman is alo one of the victims of Bernard Madoff”s scam. She did as an only child inherried the money after her farther, Eugéne Schueller, who inventet a new way of colloring hair. He founded L’oreal back in the days.

Was adviced to invest by Madoff

Liliane Bettencourt was adviced by her financial advisor to invest part of her money at Bernard Madoff’s swindling company. The financial advisor Thierry Magon de La Villehuchet, was found death in he office in New York the day before Christmas. He had killed himself when he found out that he had advised Madame Bettencourt to do business with the devil og business. Liliane Bettencourts meeting with Bernard Madoff here

Written by admin

december 29th, 2008 at 9:36 pm

Posted in business

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