Some of Madoff ‘Victims’ Actually Profited
January 10th, 2009
Since it was a zero-sum game, it’s apparent that “some” people had profited from the madoff’s scheme, where in some cases, investors have withdrawn far more than their principal investment.
Guess it’s time for the ethical and legal quandary.. what to do if you have ‘profited’ from the ponzi scheme.
Chanced upon this interesting / funny question posed by a “victim” to its lawyer:
‘I’ve taken out more money then I originally put in, but I still had $1 million left with Madoff. Should I file a $1 million claim?’
[Read more - IHT]