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February 20th, 2009

Ian Thiermann retired over 25 years ago, but now at age 90 he is forced to go back to work to make ends meet. Thiermann lost over $700,000 of his retirement savings from investing in the Ponzi fraud of Bernie Madoff (pictured above). Thiermann is now a greeter at a local supermarket with a position created just for him for being a long time customer of the shop. He now works for $10/hour just to make his mortgage payments and pay for his wife’s medical bills. But Thiermann does not waste time dwelling on it or feeling sorry for himself, after living through the Great Depression, he maintains a positive attitude and just does his job.

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