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Ben Lomond resident Ian Thiermann, 90, lost approximately $750,000 in the Bernie Madoff scam. He is, or rather was, a retired businessman and he is now back on the job working 30 hours a week as a grocery store greeter.
Ian Thiermann didn't even know he had money invested with Bernie Madoff. A friend of his managed his investments, and on Dec. 15th he called Thiermann and told him:
"I've lost everything and you have lost everything."
Fortunately for Thiermann, when the owner of the Ben Lomond Market heard the news, he offered Thiermann the job. There are many, young and old, without a job (7.6% in the U.S. as reported on Friday).
The job pays $10 / hour, but Thiermann needs the job: he still owes money on his house.
Still, he's not bitter. He said:
"You meet a situation like this, what are you gonna do, fold up? Instead of crying, yelling or being mad about it, face it and move on."
Posted February 7th, 2009 by Michael Santo
