Jeffrey Katzenberg was the chairman of Walt Disney Studios from 1984 to 1994 and later became the co-founder and CEO of DreamWorks Animation in 1994. Katzenberg lost $20 million in the Madoff financial scandal through a studio executive business manager, according to The LA Times.
Shortly after Madoff was arrested, Katzenberg told CNBC (via Deadline), "I'm blessed and fortunate in that this is extremely painful and humiliating for me. It has done extraordinary damage to my philanthropy and the giving that my wife and I is so important to us. What it has done to other people is terrible. It's destroyed many people's lives. People that I know...It is something deeply wrong with our process and something we all should be ashamed of, that a man could swindle $50 billion. And forget me. But I'm talking about people who have taken their lives over this. It's a disgrace."