Top Definition
Someone who has gone from being wealthy on paper to stone cold busted after finding the millions on paper were either fraudulent from the outset or stolen.
Jack had been living pretty well in Miami Beach during his retirement, but then he turned out be a Madoff Millionaire, so now he works as a greeter at Wal-Mart and lives in a trailer.
by PaulNYC January 11, 2009

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