Jerome Fisher Said to Be Entangled in Madoff Scheme

As the Bernard Madoff Ponzi scheme unfolded last week, investors from all types of industries were hit hard, including Nine West co-founder Jerome Fisher, who reportedly lost $150 million in the case — which could turn out to be the largest fi nancial fraud in history.

Fisher declined to comment last week, but press reports said he was involved in a verbal altercation with Madoff’s business partner, Robert Jaffe, at a recent Palm Beach, Fla., party. Fisher, along with other partygoers, were apparently miffed that Jaffe attended the soiree and stayed following the fi ght.