Madoff's Victims Have Recovered All Their Losses Plus

Is it true that Madoff's victims have recovered all their losses plus interest? Judging from the huge returns from Picard's efforts ( $10 billion has been recovered) , it appears that more funds have been recovered than originally lost. What a weird turn of events.....

 

Where's the math? Sixty billion lost... How many dollars recovered?

 

I think he means original investment. $60bb was not lost when there was never $60bb to begin with.

 

Correct, the original investment only-- it appears that the amount recovered supercedes the original invested amount----

 

You're right. It looks like actual cash losses were about $20B.


http://www.ritholtz.com/blog/2010/03/what-were-the-actual-losses-in-madoffs-fraud/

 

As of March 8, 2011: half ($10B) has been recovered.

http://www.nbcnewyork.com/news/local/Madoff-Trustee-Has-Recovered-Half-of-Lost-Assets-117602998.html

 

It looks like actual cash losses were about $20B. (early 60's)

Fantasy return of 65b.

Jeepers, Madoff didn't even beat the rate of inflation.

 

i mean if he only went for 12 % returns why didn't he just get that instead of running a ponzi scheme? Or did he simply pocket all the money?

 

The best managers on earth can not get 12% consistently over the years. Only on elite trader.

 

Jewish money always gets recovered, sad that this is not the case for regular folk.