To be scammed in a financial, or Ponzi scheme. Money lost is often several millions of dollars.
Steve: You hear about that cheesedick on Wall street that suckered everyone into giving him money, then ran off on his Yacht?

Charles: Yeah, they got Madoffed.
by Client 09 January 10, 2009
Get the Madoffed mug.
Have your parents been madoffed?
by lol omg January 8, 2009
Get the madoffed mug.