What is Madoffed?
1.
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.
See
2.
to be scammed (think madoff)
Have your parents been madoffed?
See