"I'm a Madoff"

Well, I'm not but I heard this term coined tody at a doctor's office.  I forget how it came up, but after I brought up the Madoff situation all the way in NY, my doctor said "Oh...I'm a Madoff."  His entire retirement account was gone.  He is not young.  At least he has a source of livelihood, but he will likely be working MUCH longer than previously planned.