"Last Friday I got a notice, in effect a letter," Mort Zuckerman told CNBC's Erin Burnett this afternoon, "saying, 'I'm terribly sorry, but all of the money that you put with me was apparently invested with Bernie Madoff … he has gone bust and that money is all lost and I feel terribly.'" The letter was from Ascot Partners, a fund run by GMAC chairman J. Ezra Merkin. Did it say exactly those words? Probably not. Anyway, Mort's point in being on the show was to say that he had no idea who Bernie Madoff was — "never heard of this guy Madoff. I never met him. I've never done business with him" — and that, furthermore, contrary to reports in the Journal, the $30 mil he lost was from his charitable trust. He was not, as the paper indicated, "significantly exposed" as a person. So, despite the fact that he was, "to put it mildly, not very happy," just to clarify, he's still rich, and in fact he has bigger problems: "I just found out about this on Friday," he said. "I spent the weekend taking my daughter to see the Jonas Brothers, so I haven't been thinking about this, and after that concert I'm trying to regain my hearing, which I've barely done." And to make matters worse, that "S.O.S" song is just stuck inside his head.
Most Viewed Stories
Terry Richardson Shot Miley Cyrus for CANDY Magazine and It’s As NSFW As You’re Imagining
Why Leonardo DiCaprio’s Turn in The Revenant Will Be Hard to Beat at the Oscars
Who the Jessica Jones Characters Are in the Comics and How They Connect to the Marvel Universe
What Exactly Makes Adele’s Voice So ‘Once in a Generation’ Special?
In Praise of Adele, My Fat, Flawless Heroine
Your Instagram Eyebrows Are Scaring Everyone
What’s Leaving Netflix in December: The Most Urgent Movies to Watch Over Thanksgiving Weekend
13 Movies to See (or Not) This Thanksgiving
Terrorism in the Age of Trump
11 Things I Quit to Get Financially Healthy
Latest News from Daily IntelligencerBen Carson Will Spend His Black Friday With Syrian Refugees
To increase his foreign policy acumen, Carson will visit a camp for Syrian refugees in northern Jordan.Turing Pharmaceuticals Was Actually Kidding About Reducing Price of Drug
Here's one thing your entire family can be outraged about this Thanksgiving.Obama Tells Americans to Chill Out and Enjoy Thanksgiving
Intelligence suggests that the only specific and credible threat facing the homeland is overeating.Walmart’s Black Friday Spies
Save money. Sneak better.Terrorism in the Age of Trump
What’s changed in the right-wing brain since 9/11.Military Releases 3,000-Page Explanation of Why Kunduz Hospital Was Bombed
It's just a case of operator error and instrument failure — not a war crime!De Blasio and Cuomo Are Super Thankful for Each Other This Year
The elected officials know that Thanksgiving is best celebrated by yelling about people you say you care about.Is Donald Trump a Fascist?
Is it fair to call Donald Trump a fascist just because he feels like one?Drunk Russian Sailor Crashes Massive Cargo Ship at Full Speed
The 7,000-ton ship was so badly damaged it had to be scrapped.Football Fan Gets Back at Cops Who Ejected Him From a Game by Sending Them Doughnuts
No one ever says that revenge tastes like coconut.
The tensions over the downed warplane continue.Trump Debuts First Recruit in His 2016 Clone Army
Trump fans aren't content to just vote for him anymore. Now they have to be him.5 Amazing Stats From the Warriors’ Historic 16-0 Start
It's the best start in NBA history.Ted Cruz and James Woods Spend 40 Minutes Talking About How Much They Love This Country
A reconstruction of a historic meeting of the minds.Is Ted Cruz the Candidate Who Can Beat Donald Trump?
He’s polling second in Iowa, so it’s his turn to be the GOP’s primary darling.Newborn Found in Nativity Scene at Queens Church
The healthy baby boy was found in the appropriately named Holy Child Jesus Church in Richmond Hill.Protests Erupt in Chicago Over Video of Cop Fatally Shooting Black Teen
Officer Jason Van Dyke was charged with murder on Tuesday.City Hall Calls an Audible on Carriage Horses
Mayor de Blasio is apparently trying to find a middle ground that would reduce the number of carriages and make a few tweaks to the industry.Hillary Clinton Promises to Stop Saying ‘Illegal Immigrant’
"That was a poor choice of words."An Unconfirmed, Unlikely (But Yet-to-Be-Refuted) Conversation Between Bernie Sanders and Killer Mike
What were they talking about anyway?