Larry King says he got back $700K after Madoff scam

Talk show host Larry King answers reporters' question at a press conference for Seoul Digital Forum in Seoul, South Korea, May 25, 2011.
AP Photo/Lee Jin-man

(CBS/AP) Veteran journalist Larry King says that he and his wife were lucky enough to get their $700,000 back that they invested with Wall Street scammer Bernard Madoff.

King told "Extra" that they got their money back from the Madoff estate and from the government for taxes they paid on stock they never actually owned.

Madoff never made investments but used money from new investors to pay previous ones. He pleaded guilty to fraud and is behind bars. His wife says in an upcoming "60 Minutes" interview that they tried to kill themselves after he confessed.

King told "Extra" on Thursday that he thinks Ruth Madoff came forward to help her daughter-in-law's new book about her husband, Mark Madoff. He hanged himself with a dog leash last year on the anniversary of his father's arrest.

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