Seventeen years ago, Woody Creek resident Marc Mandelbaum was on his honeymoon in Courchevel, France, with his then-wife and her extended family, which includes none other than Wall Street bad guy Bernie Madoff. Times have grown much darker since then. Mandelbaum and his wife have split; he, his sister and his parents lost some $3 million in a Ponzi scheme that Madoff engineered (he says his ex-wife and her family lost even more); and Madoff won’t be schussing down the Alps ever again…Stephen Goldenberg, a full-time Aspen resident and retired partner at Goldman Sachs, lost an undisclosed amount in Madoff investments.
By Troy Hooper, June 30, 2009 Aspen Daily News

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