Dr. Doom didn't predict Madoff Blowup

Henry Kaufman, the former Salomon Brothers chief economist whose bearish views decades ago earned him the nickname "Dr. Doom," lost several million dollars with Bernard Madoff, making him one of the most prominent Wall Street figures to emerge as a victim of the alleged Ponzi scheme.

Mr. Kaufman, 81 years old, had the money in a brokerage account with Bernard L. Madoff Investment Securities for more than five years, he said in an interview Tuesday.

Meanwhile, a federal bankruptcy judge in Manhattan overseeing the liquidation of the Madoff firm on Tuesday approved a transfer of $28.1 million from one of ...